While some of you took profits or hedged ahead of tomorrow’s numbers, I bought more. I bought bullshit Italian restaurant chains, alongside other Godly securities. With today’s 2% gain, my year to date returns are now more than 50%. I do all of this without fear or luck, all based upon courage and skill. There is much coin being banked here, regardless of the noise and ham and eggs dick-suckers who try to besmirch me.
As my enemies clamor for the day when “The Fly” loses, I continue to win and win big. Inside of The PPT and 12631, members are making absurd amounts of coin, thanks to a community that is finely tuned, adhering to the basic principles of mathematical precision, amongst other things—all things to do with cohesive and productive trading strategies. We do not dwell on bullshit, like many other blogs out there. Instead, we focus on where we can dip our beaks, for a “little taste.”
Going into tomorrow’s session, I am heavily long, hairy chest and fist full of dynamite.
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I think that is Clapton’s best era. His playing was impeccable then.
Treuly.
Before he lost his boy.
Not sure he ever recovered from that. Not sure anyone ever could.
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Amen brother
I worked at BRIO as a busboy for 2 weeks. Really good food, big presence in orlando. Carraba’s is clown shoes compared to the stuff they put out.
Ah yes, but can it can hold a candle to Olive Garden? 😉
_________
Those plastic breadbaskets at the Olive Garden are a classy touch.
My restaurant trade of the day: long YUM, short CCSC.
I hate all corporate chain run crap.
There are one or two positive exceptions — e.g., Houston’s is great (its parent wasn’t publicly traded last time I checked though).
lol.yea i’ll be takin the old lady out to olive garden,so she can laugh at the fake italian food.
Bad jobs number would halt this advance in retail XRT and Russell IWM (the rally leaders), Good number should bounce the dollar.
So, its hard to see a scenario where we blast off to new highs tomorrow.
As completely impossible as it seems now, I’m still seeing a Russell 2k decline of around 25 points next few days (if not tomorrow). A few days ago, i did say don’t try shorts until we get back above 1190. Did i expect 43 sandp500 points in 2 days? No. But I certainly don’t expect this gain to stick, unless that jobs number comes in almost right at expectations. Anything too much below or above slams the dollar, or most discretionary stocks.
http://chart.ly/j3ox3od
The Fly is God.
“After fours hours of consolidation heading into yesterday’s close, following a strong rally, the market resumed that rally today. Tuesday’s SPX 1173 low certainly looks like the end of the multi-week Intermediate wave four pullback, and the action since we’re labeling as the beginning and first wave of Intermediate wave five. The market has already hit initial resistance at the OEW 1222 pivot. This pivot had stopped Primary wave I at SPX 1220 and the recent Intermediate wave three at SPX 1227. Once cleared, the next resistance pivots are at 1240 and then 1261. The current rally has come a long way (SPX 1174-1222) in just a couple of days with nothing greater than a 6 point pullback. Short term momentum is extremely overbought. We may or may not get a negative divergence on the hourly chart before we experience a larger pullback; typically 15 to 25 points.”
Let us know when you get that divergence, will ya?
http://caldaro.wordpress.com/2010/12/02/thursday-update-258/
I don’t use elliot wave. Ever.
I use market profile, chart patterns, intermarket analysis, and fundamentals. Elliot wave is for a special subset of traders
http://www.youtube.com/watch?v=WdRz4jVvRps&feature=player_embedded
I never made it all the way through their orientation video.
Good to see “some” skeptics still willing to comment.
Unfortunately impossible to fight the fed. But the so called data like the birth-death component of jobs tomorrow, and auto sales higher?? 0 down, 0 interest, 0 payments for 6 months, with a walkoff rebate plus card reward. Well duh!!
INDEUD! The Space Alien Magician speaks the truth. Indeud. Ribeyes and a fine cab all around tonight. No vino for Boo Boo Bucks of course.
Looks like the market has room to run after all. There a still a few orange bears out there that need to cover!
The Fly is Professor Marvel with garlic butter on his chin.
Well played Don Fanucci.
OK, best indicator around. I am actually going to take about a week off cuz this Cocaine Party is just too wild for this bear to take. Well, still a junkie, but I have to do something…ciao.
Margin Call ?
nope, I don’t use margins.
The Right to NOT Bear Arms
http://www.foxnews.com/us/2010/12/02/new-jersey-gun-case-highlights-patchwork-state-gun-laws-relatives-experts-say/
More inside buying in PSUN today….
I always heard that Clapton was God, until I stumbled across this blog. Fine choice of music, Mr. Fly. And eggcellent calls on the equities.
abondonz,man,you just keep puttin out the hits . mama fuckin mia.
12631 is absolutely incredible because you are learning at the same as you making money.
You drinking in there too?
yes, tea infused with mushrooms
Nice …
The Doomsayer speaketh…..
http://politics.usnews.com/news/blogs/washington-whispers/2010/12/2/delaying-tax-vote-could-crash-stock-market.html
HAHA. wow. tomorrow you’re going to get destroyed FLY. Today was the TOP!
GO FUCK A STEAM PIPE, JERKOFF.
It might be a good idea to make folks register to post on this forum…I’m up for that…cuts down on the chaff….
Nah. I like the chaff. And Fly always has an appropriate response. We can’t have all love all the time. “GO FUCK A STEAMPIPE, JERKOFF” is priceless.
“I have seen the future and it has lower stock prices in it”
raped.
;() jk much love…. do you watch the bond market? JUszt WondERing
GO FUCK A STEAM PIPE, JERKOFF..
Maybe a mango or a coconut.
He may live in a warm weather locale and not know what a steam pipe looks like.
Although odds are good he knows what a Jerkoff is.
The Fly is truly a national resource. I didn’t buy the italian restaurant today. But I might tomorrow. Pelicans know which one to buy. 😉
Psun ya insider buying, but also sandridge had a lot of insider buying and it burned us. How do you really know for sure. Just saying..
The stock casino is hopping! Rally on!
TPTB have been playing homosexual ‘just the tip’ with our collective assholes. I am sick and tired of this market where you have to be invested or you falll behind. Look to history to see patterns in what is going to befall us. Big declines with 50% retraces. Market timers stand to make fortunes amidst the volatilty.
Mr. Bernanke to be on 60 Minutes? Ha! Shorts are going to be smacked with a clam sandwich! He did say “Wealth Effect” did he not? All part of a well delivered plan.
Didn’t he also say subprime is “contained”, a few years ago.
Sorry, there will be no smacking with clam sandwich as no one hired me to make same. Nice plan, though.
Clapton was at his best with Cream. Listen to any Live Cream recording, you will see the light…..