As soon as I posted last night’s blog, I had a feeling a large slice of humble pie was readying to get tossed into my face. Hell, I was even on Twitter, laughing up a storm, talking about how the bears are about to get pummeled. ROFLMAOMG!!! I was walking around my hotel lobby, as if I owned the placed, barking out orders to the employees—because I had to be respected. I went to dinner last night, dressed in white robe and sandals, with a lit pipe, even though it was illegal. It did not matter, for I was about to make enough money today to buy California.
Fast forward a dozen hours and I am here, blogging, like a fucking jackass, while my stocks get beat like pinatas. Naturally, I am not selling yet. However, this is the sort of action that can drive a man crazy. The lack of consistency is troubling and I don’t have time to trade in and out all the time, like some sort of day trading jack-wagon.
At the end of the day, I will be painfully correct. In the meantime, I have a flight to prepare for; see you cowards later.
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It appears a bowl of marinara sauce has been spilt in the goldman bots server room.
Yes, they aren’t even eating a sandwich. Lowest volume on record this year. What could it mean?
I am eating sandwiches but am a little disturbed by the PPT numbers.
“…with a lit pipe, even though it was illegal.”
Everything is illegal in California except for being an illegal.
TRUE THAT..lmao
Still long VXX?
I do not talk to monkeys. I take pictures of them eating Bok Choy.
Why not just respond with this. http://rrrojer.net/blog/wp-content/uploads/2008/01/monkey-with-his-penis-in-his-mouth.jpg
Cali to NYC is one LOOONG ass flight… BTW I love looking at all the open land….
Cali to NYC is one LOOONG ass flight
Pussy.
Try Singapore to NY non-stop. Now THAT is a long ass flight (18 hrs). Bangkok to LA is a smoooove 17 hours or so. Done that one several times to the chagrin of my spine.
Never fear, it is the end of the month…you could always count on a jack-up job so everyone can look like geniuses.
I’m watching that double-bottom in HON – looks interesting.
Don’t let her catch you.
Bearded Clam: “The Fed Reserve is committed to supporting the US Economy”, Thanks jackass!! As if I needed your fucking job description reiterated to me. It is very possible stocks go lower and UCO hangs steady to higher, so I’m hedging accordingly, but I’m ultimately looking for stocks to “climb the wall of worry” through the fall and into elections.
When you fly by texas, ignore the fires. Its just the sun frying us again. Man, its been hot along the gulf this year.
TBT SRCL and maybe VLO right here for quickies if you insist on being optimistic.
Bulls will have the last laugh today.
Guess not, huh
😛 😀 8)
LOL! Nice post.
…a slice of Humble Pie to go with those pinata stocks, good sir?
Financials still look like shit here
We aren’t going anywhere without them
Neighbor Fly. When will Fly,Jr. be home? Steve,Jr got himself and Fly,Jr. ball boy jobs for the US Open Tennis Championship for the Women. They also get to work the shower room for the women passing out towels. Steve, Jr. just said hurry back. I did tell him though that they can’t look up the player’s tennis outfits like last year. It caused too much commotion when the riot police arrived.
Steve, aren’t you supposed to be coordinating Fly’s welcome home party? Go hang up the ballons.
“balloons”
should’ve stopped off to see the Hef, Fly. you two could have compared robes and pipes and barking orders to bitches roflmao
Yeah, that would’ve gone over quite well with Mlle. Le Fly.
__________
Fwiw…I noticed when the Fly and I are in agreement we are always right…yet when the Fly and I disagree on direction….it’s a big ouchie for one of us….
Please agree with him asap!
When have you not agreed with FLY?
whats an ouchie ?
Arch, Any one long today…ouchie……..Vegas, Weekend example..Trading_Nymph says:
August 28, 2010 at 12:31 am
I hate math, I had this great beta testing use of Adv-Decline Volume Osc for market turns based on the work of Terry Laundry ……I set the formula up wrong and had incorrect levels today when I was watching it. At the end of the day the figures were all correct and indicates we are still trending down but omg what a difference forgetting a couple of brackets can have on a math formula…..just fustrating…friday night and I am still pissed about it.
Reply
Le Fly says:
August 28, 2010 at 12:44 am
Baaaaaaa
Why did Obama even bother walking out to the mic… useless information
fly maybe mkt jus needs to trade lower so volume can “catch” and it can “spark” buyers, and shit.
friday was kinda a bullshit close at hi’s.
You may be right!
why is it every time Obama speaks the market tanks.
That is not a coincidence. For some reason the powers behind the current want the public to make a correlation between Obama and poor markets.
Modern portfolio theater states that the markets are supposed to tank when your communist President speaks.
It’s Bush that has the ‘splainin to do in that department.
_______
At what time do you want to start the rally?
I have my Ballons (sic) ready for 2 pm, Eastern.
________
Nice one
Jake, sing the Skiffles song for us….Skiffles in the morning Skiffles in the eveing …Skiffles all the time!!!!
I am not yet ready to pull the Skiffles out of the bag yet.
(That’s a 60 degree Skiffles wedge, there)
______
When Advance – Decline Volume hits one of these supports…so no starting rallies behind my back until we hit them
S1 -385,000.000
S2 -845,000,000
S3- -1025,000,000
OK we just hit S1 level, but IMHO S2 is a much better and stronger place to hang out at…but the market is near closing and there is no way to get there on this light volume.
no…
ready for selloff it seems ..
anyhow no bid volumes today….
Francesco…1040 tomorrow, along with getting down to S2 which will need a lot less Adv- Decline Volume tomorrow will give a good support ala Gann if it wants to attempt a rally….we will see.
I wish The Fly would organize a hot air ballon (sic) ride for the bloggers who constantly write FIG, Fly is God or LOL as their post. Somewhere high above the earth I would also like The Fly to “cattle prod” their worthless asses out of the ballon (sic) to their painful deaths….
lol
LOLZ
All cock suckers.
TVKIG
LOL.
ROFMLAOMG.
SITCM
sitcm?
Excellent
The Bulls are having erectile dysfunction.
Obama’s a JACK WAGON…tissue?
http://www.debtdeflation.com/blogs/2010/08/29/what-bernanke-doesn’t-understand-about-deflation/
I’m gonna go cut down some trees.
I’m going to eat a sandwich and watch Swamp People on my dvr.
http://www.history.com/shows/swamp-people
RC… is that you? haha… just kidding!
Love Pinatas ..seriously married and empty one once
to “empty” a genuine pinata is an illusion, fool!
rest assured that your discard is presently being re-filled! (to your chagrin)
None shall figure this market out.
PPT not oversold yet, either.
I mentioned this last Friday,
We hit 2.99 today and that may have been it.
Oops, you’re right, lol.
take heart, fly:
if you’re not inclined to be humble, then the market will gladly do it for you!!!!
we have all experienced the identical quandary…
this is the life we have chosen after all
I was shocked too at the way FLY declared victory on Friday for that one-off rally. Good to see him fessing up to that mistake.
If he didn’t fess up, his readership and subscribers would plummet. He loses some through a confession. He loses a lot more through no confession.
My prediction?
PAIN.
and suffering
and regurgitated split pea soup.
Linda Blair style?
______
Bulls got their mustaches punched off today.
they’re not finished yet, my friend!
but then again, been wrong before! (short out my ass)
Stopped right at support 1048.50.
Next stop 1044.
Buyers or Bulls or suckers or whatever all knows that there will be a better entry level way below 1000 so why would they be buying now. I keep saying there are not enough suckers to get this rally you are all looking for. Therefore you end up being the sucker yourself if yo buy into it.
nice grammar bro
Yo
The piece of shit Thinkorswim cost me money today. I placed an order for BGZ when it was at 15.97. It took three minutes for my order to hit the market. By then price had moved .08 cents away from my limit order. Then it took another three minutes for the cancel to go though. Totally fucking useless. BGZ closed at 16.45.
A thousand and one obscenities I hurled at their chat/support. Apparently they fucked it up doing some useless update. TOS are my candidate for Asshats of the year First for selling out and now for fucking up.
quit whining…
you bought it, fool
take it like a man
use your streamer suite tools when that happens its quicker
optimism passe
How about that Bernanke put? As Mish likes to point out, Greenspan had the wind at his back; Bernanke has it blowing in his face.
some of that wind is blowback from himself
too true!
Dear sir,
I guess you don’t use stops and you trade 3x fucktarded etfs…
oh well .. you should and you should not.
Stop doubting the truth.
How much convictions do the rallies have, these days? They’re empty.
How about the dips? Look at today’s close. We’re going lower.
9k?
Fly,
Although I would never have the same writing style, but yours is fun to read.
Mkt is surely crazy these days.
Beyond the yellow brick road…
Quit riding around on airplanes and keep this market in shape!
bernanke has a fart blowing in his face. strangely, he seems to like it.
Japan fucked us again (sneak attack) if they would have talked just a bit about holding the yen in check, just as you predicted last week, we would have ripped higher. They hate us 2 much…. they shorted the shit out of your TNA Friday and are laughing at you right now. Then to kill the afternoon rally some China Central banker is defecting or running loose, is that even a story, Stratfor emailing internet rumors, what the fuck Friedman.
Your only flaw was trusting Japan to be short sighted like us dumb Americans, they are in for the long haul, remember they own a ton of US bonds so there is a big conflict of interest and Central bankers are not that dumb.. I didn’t think that though until now, about a day late, so off the cliff we go.
So great Fly what is the next catalyst to give us a pop? Last minuet back to school buying spree?