It could be Dr.Fly, it very well could be. As there is “art” in artificial, I would have expected correction indicators as early as today. The week is long. Not that I trade against anyone, the trend is the beginning and the end. In other ruse, I’m trying to be open minded and listen to your intellectually superior rap, but order another round when you spin the trance-mix up. Plus de ce DJ Fly.
The silver and gold bears didn’t lose today, and let’s face it, the precious meds and the commodes in general have been leading this shit show (pun intentional) for months now.
It was about vulgarities. A pledge to use only gentleman approved language until Dow hit 10k. Until he realized the inflationary effect of Helicopter Ben, and started to believe in the $100 tomato, Dow 50k, etc.
7% winner….the Fly jizz(es) in ur face for such a bullshit trade….
Maybe I should mention that in 7 months i’m carring a 180% winner on my blotter…not to mention i’m long enough paper that I could decorate the Hall of Congress from floor to ceilings with it including them womens bathroom stalls u piker, e-trading 401k ass cumlord…
Now don’t make me have u change you gravatar (or what ever it’s called) again
I’ve been watching Beck the last two weeks. The more I watch the crazier I think he is. He talks like a cult leader. I think he has good intentions and sometimes makes a goodpoint but overall he’s nutty.
I wonder how many followers are still in cash waiting for the Hindenburg Omen.
“During this Major wave 1 uptrend we have counted five Intermediate waves: Int. 1 SPX 1129, Int. 2 SPX 1040, Int. 3 SPX 1227, Int. 4 SPX 1173, and Int. 5 SPX 1296 thus far. Since Int. wave 3 is longer than Int. wave 1, Int. wave 5 can continue to extend with no change in this uptrend count.
We have been counting this last rally, Int. wave five from SPX 1173, as a potentially completed five Minor wave structure: Minor wave 1 SPX 1247, Minor 2 SPX 1233, Minor 3 SPX 1278, Minor 4 SPX 1262, and Minor 5 SPX 1296. Based upon the wave structure there is still a possibility for the SPX to rise to 1307 before this short term count would become invalid. We can also count five Minute waves up from the Minor wave 4 low at SPX 1262: Minute 1 SPX 1277, Minute 2 SPX 1270, Minute 3 SPX 1287, Minute 4 SPX 1280 and Minute 5 SPX 1296. This count also allows, with an extension, a possible rally to SPX 1307.
If this market can recapture the 1291 pivot by closing above it, a rally into the 1303 and 1313 pivots is then possible.” >>> Today’s close = 1290.84
“Gold continued its downtrend losing 1.2% on the week. Both Gold and Silver are in confirmed downtrends after six month uptrends and new bull market highs. The wave patterns suggest the correction will end in February between $1265 and $1315 for Gold, and about $23 and $25 for Silver. Then a new uptrend should unfold taking them both to new bull market highs into the spring. Gold has been in a long term uptrend for nine years, soon to be ten, and on its way to thirteen.”
Todays Summary:
“The DOW continued to make new uptrend highs today as it closes in on 12,000. The upside momentum in this international index is supporting the other three major indices in the US. As a result the SPX/NDX/NAZ all had good days. Yet they are still below their recent uptrend highs. This week’s FOMC meeting, scheduled to end on wednesday with a 2:00 statement, is often a market mover. If the market is lower tomorrow we could have possibly seen the high in the DOW today. For now, the short term OEW charts are positive with support around SPX 1285 as the market bumps into resistance at the OEW 1291 pivot. The overhead resistance of the fibonacci cluster (SPX 1289-1306) and the OEW pivots (1291, 1303 and 1313) remains. This could be a pivotal week for the major indices.”
You can try to avoid the meatgrinder, by way of larger than life cash positions. However, you will be lured back into stocks, because they’re so fucking cool—effectively fucking yourselves again. I am starting to hate stocks again …. FLIP FLOP FLIP FLOP
(Shrug). Who cares about whatever sector leads a market, right?
Hip hip, hooray! Buy! Buy! Buy! Ring the Register! Buy My Book!
A good stocks (sic) analyst will know which sectors lead his markets in both bull and bear season. He who is unaware shall be declared a rube, stripped down to his codpiece and tossed out on his bodkin.
— J. Threscott Petermann, Flower Street Stocks Trader, 1789
Eric Sprott thinks Gold’s had its turn, and is till good (He literally said $2155/oz by spring). But he thinks Silver is the investment of the next decade. I agree.
Rahm Emmanuel has his own definition of “ham and egger”
In fact, if you send him a 5000$ check, he literally doesn’t bother to waste the effort to tear open the envelope. It’s not worth his work-to-reward ratio
Ive also heard if you throw a 1000$ bill to the ground in front of him, he won’t expend the energy to roll his eyes down and look at it. He values a glance at 2000$ and above.
anyone here holding exk or bbrg they both have pulled back..
I plan on holding on bbrg thinks it a good long idea.. i want to pick up
a little gold but a little afraid how much exk could continue to pullback.
A posting like this is why I love this site so much:
“As I sit here, gawking at my 60 inch sammy, watching the fucktards on CNBC, I am reminded of how stupid this business is and how much I hate it. If I could make $3 million per year killing people, I would do that instead. However, sadly enough, there are no jobs on the fucking market now, willing to pay me $3 million per year, so I am stuck doing this shit.”
You know I am still bearish…europe can’t fix themselves, China is slowing and obama can’t give out money like he did….Fed has a couple of hawks getting to vote, so it may even get weaker.
lol, who is Beannie? I like hanging with Jake,but omg twins?, …his dollar call is so correct….notice Shanghai Comp not so giddy about our rally so far today, not giddy about gold either in this session so far. .rumors about europe rate hikes from “un named” sources spiked the silly thing this morning…with a weaker China, how can Europe or UK slow down the economy with rate hikes at this point? Doesn’t add up at all….
fig newton
Busta Rhymes is HOT!!!
Fly –
http://www.youtube.com/watch?v=I6XLswqiX0s
Reminds me of Micro-machine Man.
1338 on deck
another 50 handles? sure, why not…
It could be Dr.Fly, it very well could be. As there is “art” in artificial, I would have expected correction indicators as early as today. The week is long. Not that I trade against anyone, the trend is the beginning and the end. In other ruse, I’m trying to be open minded and listen to your intellectually superior rap, but order another round when you spin the trance-mix up. Plus de ce DJ Fly.
You won this round. We have another round tomorrow though. I like my chance. BTW, what happened with MUB at the end of the day????
The silver and gold bears didn’t lose today, and let’s face it, the precious meds and the commodes in general have been leading this shit show (pun intentional) for months now.
You think maybe they want some company?
DXD at the close, $19.30.
I’m looking at beginning to nibble on hedges tomorrow. In particular, SH. Nothing fancy or leveraged, but just as a precaution.
We could get that 5% – 7% correction quite soon now that we’re bumping up against 12k Dow.
Still long, though.
Fly, wasn’t there a bet many many months ago when you asked Dow 9,000 or Dow 12,000?
Do the “readers” who selected the 12k receive a prize? Free coffee mug?
It was about vulgarities. A pledge to use only gentleman approved language until Dow hit 10k. Until he realized the inflationary effect of Helicopter Ben, and started to believe in the $100 tomato, Dow 50k, etc.
Where’s Huggie?
JO dropped more than a percent today…
but I probably didn’t have to tell you that.
*****Breaking news****:
Here are the stocks you all should be buying….
BORN TO WIN
Correction STARTS tomorrow or Wednesday after SOU, where Obama will announce
a Corporate Tax rate cut. Market will sell off “on the news”.
The market did absolutely NOTHING after 11:30 AM.
Strange… I could have sworn I saw AAPL trade higher all day. Maybe something wrong with my screen.
Fly, I assume you closed OPEN?
Nice pun.
You are all idiots
Yes they are…Lats is where it’s at…
Hey Fly can you ban everyone who in the last few months FAZ’ed, BGZ’ed or TZA’ed the markets…
I TZA’ed and made a nice 7% return – ban a winner…..hmmmmmm.
7% winner….the Fly jizz(es) in ur face for such a bullshit trade….
Maybe I should mention that in 7 months i’m carring a 180% winner on my blotter…not to mention i’m long enough paper that I could decorate the Hall of Congress from floor to ceilings with it including them womens bathroom stalls u piker, e-trading 401k ass cumlord…
Now don’t make me have u change you gravatar (or what ever it’s called) again
I’m sure le Monsieur is very appreciative of that gay porn “visual,” V-King….
_______
Does wiping your own bum get tricky once your lats reach a certain size?
Shorting apple right now until 255.
your retarded
“you’re retarded” imbecile.
Who gives a fuck about pm’S?
Glenn Beck fanatics?
Go bathe in butane, beatnik.
_____
Jake loves Beck, full disclosure.
Literally
Incorreuct, going on two weeks straight now.
________
I’ve been watching Beck the last two weeks. The more I watch the crazier I think he is. He talks like a cult leader. I think he has good intentions and sometimes makes a goodpoint but overall he’s nutty.
I wonder how many followers are still in cash waiting for the Hindenburg Omen.
I’ve got an idea. Don’t waste your time watching so much teevee.
Read a book instead. Start w. Hayek’s “Road to Serfdom.” Don’t stop no matter how many weird deja vu feelings you get….
__________
NICE!!!
I dunno, I don’t expect more than sideways
OEW Weekend Update:
“During this Major wave 1 uptrend we have counted five Intermediate waves: Int. 1 SPX 1129, Int. 2 SPX 1040, Int. 3 SPX 1227, Int. 4 SPX 1173, and Int. 5 SPX 1296 thus far. Since Int. wave 3 is longer than Int. wave 1, Int. wave 5 can continue to extend with no change in this uptrend count.
We have been counting this last rally, Int. wave five from SPX 1173, as a potentially completed five Minor wave structure: Minor wave 1 SPX 1247, Minor 2 SPX 1233, Minor 3 SPX 1278, Minor 4 SPX 1262, and Minor 5 SPX 1296. Based upon the wave structure there is still a possibility for the SPX to rise to 1307 before this short term count would become invalid. We can also count five Minute waves up from the Minor wave 4 low at SPX 1262: Minute 1 SPX 1277, Minute 2 SPX 1270, Minute 3 SPX 1287, Minute 4 SPX 1280 and Minute 5 SPX 1296. This count also allows, with an extension, a possible rally to SPX 1307.
If this market can recapture the 1291 pivot by closing above it, a rally into the 1303 and 1313 pivots is then possible.” >>> Today’s close = 1290.84
“Gold continued its downtrend losing 1.2% on the week. Both Gold and Silver are in confirmed downtrends after six month uptrends and new bull market highs. The wave patterns suggest the correction will end in February between $1265 and $1315 for Gold, and about $23 and $25 for Silver. Then a new uptrend should unfold taking them both to new bull market highs into the spring. Gold has been in a long term uptrend for nine years, soon to be ten, and on its way to thirteen.”
Todays Summary:
“The DOW continued to make new uptrend highs today as it closes in on 12,000. The upside momentum in this international index is supporting the other three major indices in the US. As a result the SPX/NDX/NAZ all had good days. Yet they are still below their recent uptrend highs. This week’s FOMC meeting, scheduled to end on wednesday with a 2:00 statement, is often a market mover. If the market is lower tomorrow we could have possibly seen the high in the DOW today. For now, the short term OEW charts are positive with support around SPX 1285 as the market bumps into resistance at the OEW 1291 pivot. The overhead resistance of the fibonacci cluster (SPX 1289-1306) and the OEW pivots (1291, 1303 and 1313) remains. This could be a pivotal week for the major indices.”
correction over .. its called a light volume bull trap… the bull bus is full and your on it
Fuck you too
You can try to avoid the meatgrinder, by way of larger than life cash positions. However, you will be lured back into stocks, because they’re so fucking cool—effectively fucking yourselves again. I am starting to hate stocks again …. FLIP FLOP FLIP FLOP
Yes
There was a correction?
(Shrug). Who cares about whatever sector leads a market, right?
Hip hip, hooray! Buy! Buy! Buy! Ring the Register! Buy My Book!
A good stocks (sic) analyst will know which sectors lead his markets in both bull and bear season. He who is unaware shall be declared a rube, stripped down to his codpiece and tossed out on his bodkin.
— J. Threscott Petermann, Flower Street Stocks Trader, 1789
Ha! J. Petermann really didn’t say such a thing, did he? I always thought it was Art Vandalay who penned that infamous quote!
Coulda been. I made that shit up outta whole clothe (sic).
_______________
It was Art Cashman.
I want to buy the next leader.
Get out! Do you mean different sectors lead the market during different years? WOW, how observant of you.
JOIN THE ROTATION.
One bull to lead them all — for the last NINE* GOING ON TEN YEARS.
And in the darkness, bind them!
___________________
* Nine and ten, get it? Get it??
______
Eric Sprott thinks Gold’s had its turn, and is till good (He literally said $2155/oz by spring). But he thinks Silver is the investment of the next decade. I agree.
Ugh. I need to proof read before clicking the submit button.
That deflated bear pic is priceless!!
So is this sit-and-spin time for rotation???
It’s time to spin alright.
First in the funnel, and then in the thresher.
________
Remember Richard Dreyfuss’ character in JAWS was wounded by a thresher shark!
I must have been in the john for that part?
This is more like the wheat thresher. Definitely more damage.
_________
Rahm Emmanuel has his own definition of “ham and egger”
In fact, if you send him a 5000$ check, he literally doesn’t bother to waste the effort to tear open the envelope. It’s not worth his work-to-reward ratio
http://rahmfacts.com/facts/04donors.html
Ive also heard if you throw a 1000$ bill to the ground in front of him, he won’t expend the energy to roll his eyes down and look at it. He values a glance at 2000$ and above.
anyone here holding exk or bbrg they both have pulled back..
I plan on holding on bbrg thinks it a good long idea.. i want to pick up
a little gold but a little afraid how much exk could continue to pullback.
Start reading all the blogs here, posthaste.
_________
thanks jake! jumped over to your page..thnks for the info..think i’ll chill on that one a while..
good idea … let me know when EXK strikes gold will ya?
It was in last night’s post, Grizzled One.
__________
I was referring to gold vs silver in EXK …. not the price action.
My sites are set at $5.35 then $4.65 …
Nah, don’t read any of the blogs here, including my own. We don’t need any stinking readers, just like this economy doesn’t need no damn jobs.
A posting like this is why I love this site so much:
“As I sit here, gawking at my 60 inch sammy, watching the fucktards on CNBC, I am reminded of how stupid this business is and how much I hate it. If I could make $3 million per year killing people, I would do that instead. However, sadly enough, there are no jobs on the fucking market now, willing to pay me $3 million per year, so I am stuck doing this shit.”
Classic. Indeud.
Money Money everywhere but not a guaranteed return to drink.
My metal load the boat targets:
Gold: 1250
Silver: 22.50
As me looovely wife would say:
“Aye, and I’d BET you’d eat a red apple!”
___________
Your wife is a pirate?
On Wednesday nights, sure.
______
LOL
You know I am still bearish…europe can’t fix themselves, China is slowing and obama can’t give out money like he did….Fed has a couple of hawks getting to vote, so it may even get weaker.
Add a defaulting european country to the mix, and voila… All your wildest dreams come true. Except in copper.
Nymph
You and Jake are twins now!
Like you and Beannie?
__________
lol, who is Beannie? I like hanging with Jake,but omg twins?, …his dollar call is so correct….notice Shanghai Comp not so giddy about our rally so far today, not giddy about gold either in this session so far. .rumors about europe rate hikes from “un named” sources spiked the silly thing this morning…with a weaker China, how can Europe or UK slow down the economy with rate hikes at this point? Doesn’t add up at all….
Also Fly, good call on BORN
Don’t listen to him, Nymph. We couldn’t be twins, because then we couldn’t date without drawing strange vaguely disapproving looks from people.
_____________
Yes..two Bjorks,(who I still think I am so much cutier then), would get strange looks.
In the meantime, everyone on this thread is hereby prescribed the collar of shame, otherwise known as The St. Francis University Funnel!
__________
Earnings blowups everywhere…and names like TLABs should have clearly pre-announced – the lawsuits should be coming.
Tidal Lateral Acretionary Beds.
Why aren’t I short gold? The fact that I think I’m too late means there is probably a lot more downside…and oil.