Believe it or not, The PPT is flagging OVERSOLD again. But wait, it gets better.
ZSL is also flagging OVERBOUGHT. Had you bought ZSL when The PPT flagged OVERBOUGHT, you lost 15% of your money 12 out of 13 times. The obvious play is to go long SLV, AGQ or silver related names. Also, USO is flagging OVERSOLD on our new 3,6 and 12 mo algo (still in beta). The track record is almost flawless, with USO advancing 12 of 13 times for an average gain of 4.76%. It’s worth noting, both are 10 day holds.
As a result of the Overall Hybrid OS, I added to my TZOO position. And, I have multiple buy orders in place, ready to be executed.
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http://www.youtube.com/watch?v=g7VvIE75J08
Interview in the second half of this show is worth watching.
I knew it!
Two up days and an upgrade for WNR and the fly declares the bear dead, I know you’re smarter than that. If you’re long the dollar stay long, it’s not done going up.
IEA releasing 60 million barrels of oil is just a disguise for a form of QE3.
This whole oil release situation is just another addition to a government circus that is getting more and more desparate to hold the market up until the next election is over. Government just need to get out of the way. Breaking news. Goldman got a call from the White House. Downgrade oil or we will subpoena you again.
This is JR “Obama” Ewing against Cliff “Chavez” Barnes.
Wait a minute, J. R. was a fictional character portrayed as being clever. Obama is an embarassing ignorant pathetic destructive low quality moron.
I left out incompetent and clownish.
Political discussions are so non-constructive. Everyone enjoys ridiculing those whom they disagree with. That really helps to solve our economic problems. Not.
The pres is quite intelligent and competent at what he does. But, just like Bush before him, he works for the banks, not the taxpayers, and that is the problem.
Illustration of the voters’ problem is on the web page below. Scroll down to the color cartoon at the bottom of the page.
http://americansresistance.blogspot.com/2011/06/they-dont-call-goldman-sachs-vampire.html#more
Thank you for your wisdom. I should have seen his obvious intelligence ……and yours. He works for the banks and his intellignce is thus hidden. Darn it – dang it.
You’re both right. He IS an idiot, and he DOES work for the banksters.
It sure seems like the market wants to go to 1250 (or below), but it keeps bouncing every time it looks like it could happen. It’s easy to believe the PPT is reading oversold right now, but I wonder if the market can consolidate/bounce a little and work it off over the course of the afternoon?
I sold all short/put positions within the first 30 minutes and am sitting back and enjoying the blood bath (which interestingly isn’t much of one). I will admit, I went over to Pizza Papalis (for those in Detroit) and had some nice slices of hot pizza for lunch, in honor of the Fly, of course.
So, “The Fly” points out a trade, long silver etf’s, but does not participate? Stop the hate speech against us bears – we are animals too..
Blah blah blah. Don’t you get it. What are you gonna buy after you sell your stocks. The market will go up whether you like it or not.
This tape is ridiculous. We are a clit hair away from melt-up