All aboard, fuckface.
[youtube:http://www.youtube.com/watch?v=9WEgFKR97mE 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Nov 10, 2007
23,471 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
Fortress Investment Group
faz in gyrations
Introducing Basil, NEXT GOVERNOR OF TENN
http://www.youtube.com/watch?v=ZpgVEyd87-8&feature=player_embedded
I am packing up to move to Tenn. immediately!
Basil happens to be a good friend of Jack Daniel of Tennessee!
And has about as much chance of surviving the race as a snowball in hell.
This this thing’s been making the rounds for a couple of days down here. Good grief – how did it make its way to you Fly? Guess its gone viral.
http://basilmarceaux.com/
Everyone click the ads on the site to help him get more money for the race. This shit is classic, if I lived in Tennessee, Id vote for him for sure.
I’ve got to tell you dude, your creativity has no bounds. You need to leave this senseless game of printing money which you have mastered and go to Hollywood and unleash your creativity there for higher good. I am not joking!
Did the ship happen to have the 12631 number on it or did you somehow electronically put it there?
Dude, that’s a Jeremy product, and he’s very much a creative little geek.
No chance of Hollywood, however, til his Mom takes that lock off the basement door.
Rumored to be a possibility come early August, I’m hearing….
______________
The video directing was all Fly. J helped with the images.
somebody needs to stay out of the moonshine
Our man in Washington D.C.
http://www.youtube.com/watch?v=w7fBwc803CI&feature=related
I had to watch with subtitles.
still made no sense…
Ever wonder why the tards talk about “head ‘n shoulders” when the last 2 market major turns exhibit no such thing? The 2007 high and the March low display no H&S crap, yet it persists……in the minds of the tards.
I see a pattern in your posts.
I’m surprised you can’t see them.
We photoshopped it
Indowd. Grassy knoll for promo 4?
The PPT is a great short-term overbought-oversold oscillator, but clearly, overbought can get a lot MORE overbought, as evidenced by the readings on that chart on the ride up from early March to mid-April. The center section of that run is quite interesting, as it was framed by a 3.12 reading on both ends, and yet the second reading was at much higher price levels. Clearly, the fact that it was a bit of a “stairstep” pattern is the explanation, as the market was allowed to work off its overbought condition by going nowhere for a couple of days between each big lurch upwards. The lesson, of course, is that despite the current high PPT level the market may not go down from here, and instead could repeat that “up, flat, up, flat, up, flat” pattern for a while. That said, seeing how short I am, I’d much rather see it over 3 than under it.
It all has to do with volatility. When volatility is high, you’d better trust the PPT like an oracle. Volatility low, it may take longer for the signals to come to fruition.
http://ibankcoin.com/woodshedderblog/2010/07/19/part-4-the-secret-ingredient/
The PPT looks like it at a point that the market is overbought, or approaching overbought conditions…
That’s what I see. If the market continues to do what it’s been doing, it looks like over the next several months we will be testing more new low’s.
Gentlemen,
Expect the market to go up and challenge old highs. Expect some decent economic numbers (e.g. not getting worse). Expect the unexpected.
We don’t have to have rip-roaring growth to see the market rechallenge 1200.
i knew youd come around
Can’t ignore the market action….will go up for a while i would imagine.
Were the burns only second-degree this time?
______
Senior Gint
I told you I am reformed. See the PPT forums for my current strategy and approach.
Also, I played the market like a fiddle this week in my discretionary portion. Lotta luck though — was short into Bernanke, and went long as soon as the market plummeted.
I pulled in 3%….but I was only invested maybe 30% and 25% of that was TLT.
Go figure.
Anyway, like i said, I am reformed. Being burned head to toe in crude oil has forever scarred me….the only question is, has it turned my from a pyro into some sort of overly phobic risk averse shmuck.
Only time will tell…
And I am sick as fuck of hearing people talk about head and shoulders patterns. Totally and completely meaningless.
More important, it’s almost statistically worthless as an indicator.
______
Between October 2008 and July 2009 the reverse head and shoulders pattern in the S&P was centered around the intraday low of 666.76 in the S&P. By April of 2010, the S&P reached 1217, an almost 100% gain in the S&P. I’ve found it to be a fairly useful and profitable when used during times of extreme volatility to obtain 100% to 200% gains in a matter of months.
For day traders, the reverse head and shoulders of the market, coupled with political winds, would have been a useful tool to get an idea of the general trend for the coming months. But, most day traders could have probably let their money sit in the S&P from March 2009 to April 2010 and make more money than they did day trading.
That’s exactly what I did.
The so called H&S pattern has been researched – it is about equal to flipping a coin.
Just seeking opines.
PPT signals on TNA.
Overall Techncal Hybrid score is a 3.47 and a buy recomendation,
with Friday’s action showing a bounce off the 50 MA according to PPT chart
and the 200 looming above it in the 46 range.
What would the “distinguished gentlemen” of the PPT do with TNA if you didn’t already own some?
The conservative ones sold yesterday. Might be good for one more day, though. Best not to push it w. the trips.
_____________
flyaway – I never do TA on leveraged ETF’s. It makes no sense. You would have to account for the volatility/compounding. Only do TA on the underlying, then trade the levered product. Your mileage may vary. I’m currently using PPT signals to trade 3X ETF’s.
I sold my TNA on Friday. FWIW, currently have LT longs, TBT, PM’s, and no hedges.
Jake is wrong
This video, as well as most, is a product of fly/rc.
Pardon mr gint, as he is out of the loop on such matters
Correction
Jeremy did some photoshop work. 10,000 apologies
Nice catch. I was talking about the photoshoppery.
____
thanks for keeping me and the rest in the loop on this important matter…1000 appreciations
Look at that chart..dow 8k by oct
http://www.youtube.com/watch?v=KuStsFW4EmQ
I would rather vote for this guy from Alabama.
His IQ is a little closer to Flys (I think).
http://www.youtube.com/watch?v=jU7fhIO7DG0
Fly better hide his illegal gardeners, though.
LOL. When he whips out the Winchester at about 0:55 it’s like the cherry on top.
____________
I would also vote for his horse.
Could be a Kentucky Derby contender?
Saddlebred quarterhorse, though I’m no expert. Three years is the cut-off, however.
We need to get a group together for Derby next year.
_____________
DALE PETERSON FOR EMPEROR OF THE WORLD.
ROFL
Booked marked video for future iBC elections.
HOLY COW!!!!
i’m moving to YALLABAMA.
It’d be funny if he just shot his horse at the end.
That’s fascinating. Apparently, that clip went totally viral, and I missed it. Check out how much folks were talking about it: http://www.google.com/search?q=%22dale+peterson%22+alabama+commissioner+election&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
Check out the follow up ad – even better
http://www.youtube.com/watch?v=GabMEHfCjT0
+Waldo
Post that shit again and you are banned. His shit is not welcome here.
Forgive me for being naive but what is this chart telling you based on PPT indicators, anyone?
sub 2.3:oversold
above 3.00: overbought
You gonna ignore it again?
Thats a great question. Overbought makes more sense at extreme levels….we are not at an extreme level.
Overbought on a price extension = no brainer
Oversold on a new low = no brainer
Hybrid overbought ata market fulcrum point that coudl gho either way? well, probably good enough to hedge or lighten a bit, but I wouldnt short it.
The market has a bias to the upside. Shorting an overbought market never works as well as buying an oversold market.
However, shorting an overbought market when it is trading beneath the 200 day moving average improves your odds. Add in higher than normal volatility and the shorting an overbought market gets even better.
never is a strong word.
In this case, never is the right word.
Thanks! So based on your chart and explanation, will you be buying TZA again on Mon.?
It is saying keep your day job.. This market is for only the elite. I sit her in the front roll because i’m not good enough to be on the stage. Hey.. The popcorn is good. Lol
Hey Fly, go fuck yourself.
When you are successful, there’s always someone there trying to tear you down. Why are people so insecure. If a person want s to be great at something work for it..don’t blame others for your failure for not trying. Hey..and just know some people yes..are just better.
But, Gordo, your ass is in prison – was the prosecutor better than you?
Anyone here get/read The Gartman L?
Thoughts?
yes Basil; pls search for the results of the fund he runs, see the results and then read his comments.
Newbie
Possibly
Just had a conversation with my sweet daughter who is apparently a real New Yorker now.
She was waiting for a cab outside her apartment when two guys tried to jump ahead of her.
She jumped in and shut the door on them as they yelled “You Bitch.”
She locked the door, flipped them off, and yelled ” I was here first.”
She was a nice person when she left here for life in NYC.
ROFL
nice one!!
i’m moving to NOO YAWK.
I wanna raise my youngs like “shit my dad says”.
12631 = the new 2010 hi Fly is expecting in the Dow, after the IHS you see in above chart plays out, end of story, right Fly?
… I dont KNOW what “12631” … IS !!!
… I don’t PROFESS to know what “12631” … IS !!!
… I don’t EVEN care what “12631” … IS !!!
HELL … I don’t EVEN know what the PPT is … REALLY !!!
—
I just come here for the … uhh … witty reparte’ !!!
—
As it were !!!
,
OH !
And just as an aside … I am reasonably certain …
… that I’m outperforming … ALL OF THE ABOVE !!!
—–
But … the sheer entertainment value … presented here … DAILY … is pretty much … PRICELESS !!! imo
.
Alf, how are all those heavy shorts working out?
I was LONG … last week !
Made a small fortune !!! fwiw
CASH NOW …and waiting for my next move !!!
Would be more than happy to provide links to show my LONG TRADES … if you so desire !!!
—
I trade … UP and DOWN !!!
That’s what I do !!!
.
You arr not outperforming me you wretched little trollop
LOL !!!
.
Drinking tonight?
Great as you are … and GREAT … you are !!!
Hard as it may be for YOU to believe …
There ARE some of us … who didn’t … “just fall off the turnip wagon” !!!
—
And … YES … dare I say it … ARE … “OUTPERFORMING YOU” !!!
There … I said it !!!
With ALL due respect … of course !!!
.
You are like an orgy between Trading_Nympho, DevilDog, and a fucking morse code machine.
Hmmm – That requires an edit right? “A broken Morse code machine that only spits out dots…” … …
. . – . . .- – . – . – . – / – . – – – – – . . –
.
I can safely say, with all sincerity, NO ONE here is outperforming my personal accounts. As a matter of fact, I can safely assume my personal acct performance is in the upper 0.1% nationally.
I think my BS 5 figure account is up 400% (now it’s a BS 6 figures account thanks to the PPT) but Fly’s profits probably bitch smack me. Just saying…………….
more details plz
Still crossing fingers for sunday cartoon.
400%
You got me.
Samsonite hamburglar has an evil twin
lol However the very fact that you’re posting at almost 5AM means there will be no Sunday cartoon for the boyz and girlz. Off to the Cartoon Network.
On the other post I indicated we were o/s using T Theory…my bad, there is still a little juice if it wants. I made one number a positive when it should have been neg…
Nymph, will you post your view of the next week? I sort of miss your observations after you left the Peanut Kingdom. (Hope your hand is OK by now).
Yes, it is much better…..I am writing it tonight, will post it later tonight. I have had to make my own website this week cuz I got bored with the other site that I had my trading diary…it has been a lot of work.
jjjsix6-
I say this in a friendly way, but 400 percent from a five figure account (now six figure) means you will likely blow up your account, unless you continue to be lucky, or have a rare gift of trading ability. If you have that gift, there is no need to take so much risk.
You might want to consider backing off on the risk, to keep your profits.
In general (not directed at you jjjsix6), I think a better than average trader does not need to take big risks (options, trading too big for account, etc) since they will profit handsomely with low risk behavior. Yet many who take big risks believe they are better than average or are hoping to be lucky a dozen times in a row.
I’ve been lucky as many as nine times in a row, and then BAM! There goes 50 percent. Blow up risk is the problem with swinging big and loose.
In general, if trader is good, he should INCREASE risk, since they will profit even more handsomely with high-risk behavior. Think about it.
MX2101,
Warning acknowledge. I’ve always been a big risk taker and have regrettably experienced a sever implosion of my account to Zero several times. My appetite for risk has been greatly reduced over the last 5 yrs. I now make it a point to take 10% of my profits from each sale and apply to my mortgage. If my current precautions were to fail, I can at least say every dime I’ve ever added to my stock trading account has since been pulled out such that I’m now playing with the houses money. I also have a 401K which I handle extremely conservatively.
Thanks
Jjjsix6
Hedge funds must make some money or go out of business – I have never heard of one that uses”charts” or “chart patterns”. There are hedge funds that employ dozens of phDs in mathematics and physics and computer science. Who else could research charts and chart patterns better and come up with results? I am not talking about their use of algorithms and computers – I am talking about the chart pattern stuff even though I recently read one “chartist” admit it is more “art” than science. LOOK! It’s an expanding trumpet! NO! It’s a cascading flag! BS.
Jack, I agree. I know several people that only use charts as their guide… Seems like they are wrong 7 out of 10 times.
Basic charting as a guide does work (mda’s etc), but crazy constellation shaped charts are no good to anyone.
The market is all about sentiment, fundamentals and growth trends.
In my opinion of course 🙂
I made millions on teldar paper and never once used a chart.
Mr. The Fly,
The Logo on the video for the 12631 is epic.
That is all.