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
23,473 Blog Posts

Very Overbought

Quick flash for you unemployed day traders: I know this market is overbought, which is why I sold out of TER. However, I am now wrestling with the idea that today’s entry point may or may not be advantageous, considering we have jobs numbers on Friday.

To buy or not to buy is that question. Yes, indeud.

So you know, the cash is burning holes in my pockets.

More on this later.

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14 comments

  1. drummerboy

    fig.now what

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  2. jay the coffee guru
    jay the coffee guru

    now what? you ask now he has warm balls… that is all

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  3. Quint

    Very Shakespearian

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  4. Unemployed Day Trader
    Unemployed Day Trader

    What’s not to like? Got laid off from Burger King, get an unemployment check, and live rent free with Mom and Dad in the basement of their house. Day trading is easy. Just buy what goes up and short what goes down.
    Charts are for idiots who think what happens the last 6 months means it will happen the next six months. Just ask Ron Insana.

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  5. Frog with Head Made from Cement
    Frog with Head Made from Cement

    Re: Trading Nymph. She has some valuable things to contribute. However, I and apparently others too, did not know the meaning of the abbreviations she wrote yesterday, so I could not decipher her comment.

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    • Trading Nymph

      I am hot. Just check out my site at http://www.tradingnymph.com/pics. I speak in code only and am insane.

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      • norcal

        Link doesn’t work

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        • Frog with Head Made from Cement
          Frog with Head Made from Cement

          That’s because it’s not a real link. This site has a problem with people stealing each other’s names. That was not Trading Nymph who made that comment under her name above here.

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          • trashed

            you can tell when they don’t have the picture they usually have

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      • Trading Nymph

        Frog..That is NOT me that posted the above post…For my slang, sorry..most are common terms around the market, but I will try and post the full name.

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        • Frog with Head Made from Cement
          Frog with Head Made from Cement

          Thanks, T N. As I go from one trading web site to another, I find that the common terms on one are completely unknown on the next one.

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  6. Carsony

    Mww looks like it good for a few points and exit.

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  7. Quint

    And btw, I am not unemployed, I retired 10 years ago…I felt retirement was best done in your 40s when you could still swing a golf club and chew your own food…I plan on going back to work in my 60s – as will everyone else once the gov’t nationalizes all pension funds & 401ks in order to balance social security.

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