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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
23,473 Blog Posts
Fly,
How do you interoperate the PPT chart for the last few months?
I know for a fact the Overbought levels have not been respected, like they used to, ever since QE2 started.
The recent string of OB ranges was unprecedented, just before the sell off.
Finally, an OS range would be embraced with my buy orders.
Does it have anything to do with the Hybrid Fundamental score being much higher now? Since the summer lows the brief pullbacks have been marked pretty consistently with Hybrid Tech scores around 1.50 or slightly higher.
Naz futures getting hit at -15.50 now. Looks like we may finally get back to a 2.25 reading for the first time in a long time.
Can we get an overnight flash crash?
fooled by randomness
Ban yourself
Crude is near $103.
The Fed’s QE is fucked at this point.
There are lots of bulls flush with cash so I refuse to predict where we go in the near term.
Longer term I will be getting short as the Bernanke’s PUT expires in June.
As long as there is POMO you can NOT short this market, unfortunately.
One word: inedud. (waiting patiently for the PPT to register OS).
Question for the haters: “How good is the printing press in your basement?” (happily banking coin and enjoying the good life by way of the godly PPT)
Thanks for that Fly – the last two major drops lost approximately 50 on the S&P, a few since then have been around 30.