iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,715 Blog Posts

Late Night Technical Analysis: The Dollar

Notice how the punch buggy is racing for the trembling face. Coupled with the “cock and balls” formation, the dollar is sure to slide lower. Keep in mind, the dollar was UP last year. For those of you who are basing their “dollar assumptions” simply by looking at a chart, you are doing yourself a grave disservice. The “fun” hasn’t even started yet. The move lower in precious metals is not a tell, but a symptom of asset allocation rotation.

BEHOLD:

“The Trembling Face” formation is upon us (note: this will auction at Sotheby’s next week. Starting bid: 400,000 euros)

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44 comments

  1. chuck bennett

    sleep well

    plenty of pickle penis pumps for all

    regards

    chuck

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  2. JakeGint

    Is that a horsie?

    _______

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  3. Teapotdome

    R O F L.

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  4. gumby

    Excuse me ..but this the 1st treading chart ive every seen..My Wife is extreemly intested now.!!
    is this chart reading ??
    .hoping to view simaliar charts..special web site ?? or is this your 1st one too??

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  5. Woodshedder

    Gotta luv the cock and balls formation. That pattern has worked well, circa 2007.

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    • Dr Fly

      It’s pretty much the Holy Grail. I apologize to Jakegint for taking out the big guns. It had to be done.

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    • mdawsz

      The Cock and Balls formation appears again! I recall a few years back when Fly posted a cock and balls formation. However, this time there appears to be a shot going off. Fucking weird man.

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      • Dr Fly

        Nice to see you around.

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        • mdawsz

          Thanks. I don’t lurk here as much these days. I like what you’ve done with the blog…you’ve really taken it to the next level. Congrats to all you guys.

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      • Dr Fly

        Yeah, shots are going off. Fucking chaos.

        Note the sale of this art will be accepted in euros only.

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  6. MOOBER

    Looks like that chart did not call his physician after the 4 hour mark. Something bad happened to him.

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    • alphadawgg

      …a gay “cup and handle” chartist might be the culprit there.

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  7. Brent

    Eerily similar to Picasso’s early work.

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  8. TeahouseOnTheTracks
    TeahouseOnTheTracks

    Fly and Jake could both be right … the $ could weaken and PM’s could sell off at the same time as Scott points out over at his blog … the selloff in PM’s could be a function of recent commodity margin requirements in an already overheated market sector and upon meeting requirements the rally will resume.

    http://ibankcoin.com/scott_bleier/2011/01/25/dollar-downcommodities-down/

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  9. TeahouseOnTheTracks
    TeahouseOnTheTracks

    Daily OEW update:

    “We have had five trading days since the SPX 1296 uptrend high, and with the exception of a few trading hours the SPX has remained between the low 1280?s and low 1290?s. This market has looked like it has been ready to head lower, but all it has done is consolidate after the recent 25 point pullback. Also, the trigger we have been waiting for to place a tentative “green” Major wave 1 label at SPX 1296 has yet to occur. An interesting situation after a six month uptrend. Short term support remains at SPX 1285, then at the lower pivots. Overhead resistance remains at 1291, then 1303, and the fibonacci cluster between SPX 1289 and 1306. This is a potential inflection point for the market, especially with the FOMC statement scheduled for tomorrow afternoon.”

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  10. gumby

    Market Guys.says, …. ‘2013 GLD Leap’s…. .thats all that guy traded……..comex gold mrk …made it….$ $ !!
    .

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  11. J

    Ouch!

    It’s looks likes the balls are firmly separated from the member. it must have hurt just drawing this “technical study” on a chart.

    As an aside for all of those technicians… Can any of you provide proof that shit works under quasi scientific conditions like say new drugs being tested in clinical studies?

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  12. J

    Oh my mistake sorry. The balls at the bottom in red aren’t balls at all , they sorta represent car wheels. The balls do seem attached. False alert sorry.

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  13. Yogi & Boo Boo

    That’s the problem with TA… Everyone sees what they want. Where are the Indian iron ingots?

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  14. drummerboy

    looks like a cock, grew a cock,while taking a ride to spooge on a face.but there’s no splat. i bid 6 euro’s and a half pint of guiness

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    • Xmas Ninja

      There is a chicken riding on the wheel but that is not his splooger.

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  15. carsony

    any of you remember this old classic… http://www.youtube.com/watch?v=UjPCg5HtH1E

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  16. Carsony

    It’s looking like healthcare might be worth taking
    a look at..are investors getting more defensive

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  17. Dinosaur Trader

    It appears the cock and balls is shooting on that face.

    Does this explain the sudden appearance of mdawsz on the thread?

    -DT

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    • mdawsz

      Don’t get me started DT. Do not get me fucking started.

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    • mdawsz

      PS: You should restart your blog, I always enjoyed reading it.

      My favorite was the story about your wife’s yoga teacher and his menacing presence.

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  18. TheArtist

    I should call you the artist….

    I’ll take a signed/numbered print of this or signed AP

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  19. JakeGint

    MOTR up over 7% in premarket today!!!!!

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    • JakeGint

      Fly, fyi — the above is not me. I was in a conference all morning… how does someone get to appropriate my name?

      Is nothing sacrosanct?

      ______

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  20. JakeGint

    MOTR news!!!

    BELLEVUE, Wash., Jan. 26, 2011 (GLOBE NEWSWIRE) — Motricity (Nasdaq:MOTR), a leading mobile data services provider, today announced that it has filed an application with the Securities and Exchange Commission (SEC) to withdraw its Registration Statement on Form S-1, Registration No. 333-171413, initially filed with the SEC on December 23, 2010.
    The Company requested to withdraw its Registration Statement due to the majority selling stockholder electing not to sell shares at this time. The Company was not going to receive proceeds from the proposed offering, unless the overallotment option to purchase additional shares was exercised by the underwriter.

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  21. JakeGint

    MOTR up over 10% prenarket!!!

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    • JakeGint

      Also not me. Jeremy, please get the IP address on this asshat and send him to the ninth circle of Hades.

      ______

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  22. DipChit

    MOTR nice sell fly…..ouch

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  23. DipChit

    MOTR nice sell fly…..ouch

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  24. cebu sun

    You have me stumped onthis chart Fly. I have gone through Colby and other TA books and can find no reference to the cock and balls formation. Is there a reciprocal female chart as well? Will you be writing your own X Rated “TA” book now.? If this catches on I can see the volume picking up on your blog as well as on the NYSE.

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    • DMG

      The trembling face. The tops of the eyes are knees, the bottom of the V (the point of the nose) is the place to get in (a good entry point).

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      • DMG

        What Jake said about asshats stealing peeps’ names…
        This seems to be that idiot canadienne…go figure.

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  25. Scam

    Maniacally delicious

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  26. Yabollox

    Uncle Carl removes foot from the throat of MOTR. All it took was for Fly to sell. Can’t have another dude in the spotlight.

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