Fuck it, I am getting aggressive ahead of “The Hole”, having allocated another 20% of my cash to IPGP, VHC, DECK, WNR and CXO today. For my personal, I am all DECK calls, WNR common and CXO calls. To date, my personal/aggressive account is down 35% to mid 600’s. It was, as noted here for over a year, seeded with just 100k 1.5 years ago. At the highs, that account was north of 1.25 mill. Easy come, easy go.
Today’s rally has legs and should extend into tomorrow. In my estimation, the only thing that derails us is a BAC offering of some sort. So you know, The PPT has registered OVERSOLD signals since 8/18. That means it has, yet again, nailed the top and bottom of the ranges, over the past volatile two weeks. Very impressive, if you ask me. For those that got in, prior to today’s melt up, “The Fly” tips his top hat to you.
Everyone else can go fuck themselves.
Let’s be clear (no Obama): there was an Earthquake on the east coast today because that fucking planet, niburu (sp?) is going to smash into Earth, sending us into a fucking permanent ice age. So you know, “The Fly” has made arrangements at Puma Punku to live out the rest of his days in barbaric comfort, should celestial fuckery take hold of Earth. From there, I will conduct my daily space experiments on the humans I capture, via my space capsule BEAM-RAY gun. In case you were wondering, YES, I am the only space alien magician blogging on the internets, telling you small brained dogs how it really is. Be my guest, bet again S.A.M., with your 0% equity allocation, see where it gets you.
NOTE: Greater men than you have bet against me before. Now those men are dead.
[youtube:http://www.youtube.com/watch?v=Z09lYqdxqzo 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
http://www.businessinsider.com/kucinich-nato-commanders-should-be-prosecuted-by-international-criminal-court-2011-8
One beer short of a sixpack.
_______
He is.
and this douche should be hanged for treason.
+5% so far.
All quiet here in the Midwest!
America was just waiting for “The Fly” to come back to rally.
And he leaves a trail of Hurricane destruction in the Turks and Caicos.
Go figure.
my timing was sublime on departure. A perfect trade.
Balls of steel.
go big or go home
Being a small pleb for all purposes and intents (sic) I enjoy and commend Mr. Fly for being so transparent.
Your personal acct is quite likely a bit seasick but will get over it rather quickly I presume 🙂
yep !
I bet that’s one interesting Equity Curve !
YIKES !
.
I GOT LONG A SHIT TON OF GLD PUTS YESTERDAY…AM I STUPID AND TAKE THE GIFT OF TODAYS SELL OFF OR GROW SOME BALLS AND HANG ON FOR THE BIGGER PAYOFF?
NEXT TIME TELL US IN ADVANCE.
Bring your fucking A game.
so hold?
BOT GLD 100 OCT 11 175 PUT @4.55 CBOE
there is my order.
Yeah, mine too.
That’s the ticket.
_______
don’t get too greedy now……
grow some balls!
Fly, did SI break off and float into Brooklyn yet? I’d love to not pay tolls anymore when visiting the parents and sister.
Tolls are only $13. Get your bread up.
Hahaha, well said. $13 and going up, but you’re correct.
Bring your A game toll money, damnit.
__________
Snap back to 1220-1250?
Looking like it if the Clam brings his A game and announces QE3 or at least strongly hints at it.
Markets might be disappointed if he waits though. Tough call.
Can someone tell me what QE3 would be? Interest rates are scraping the curb. Is the bernank going to forgive mortgages and unsecured credit lines while doing lines of blow off of Obummer’s golf bag?
Sheesh
Read Cain Thaler’s blog. Excellent description of we can expect from the Clam
zzz
FED TO BUY MORTGAGE DEBT!
Fed bought 1.25 trillion in mortgage-backed securities during QE1. I bet the Tea Party would have a problem with a repeat performance.
I don’t see them announcing this policy at least.
But back door? Mebbe.
_____
And a dozen Titleists with the Obama logo will be sent to every American earning under $250,000.
LoL.
Ben would focus on the long end and purchase mainly 30 year paper IMO
Yeah Ben gets too caught up in his short game. If he focused on his long game, he wouldn’t lose so many balls.
Captain Kirk will come and rescue those who are his fans, and s$#k his @#$#.
I think this is part 1 of the short squeeze. Part 2 will continue into next week, right in time for labor day.
This is worse than Vegas, because in Vegas you know the odds, have eye-candy and free drinks, and the house can’t see your cards.
They know everyone’s positions, they have the first look at comprehensive order flow, and they are busy stuffing quotes to drive the market in the direction to benefit them.
More PM options expiration scams, the manipulation investigation and position limit enforcement is still ongoing…
PM signaling either no QE or options expiration, if we don’t get QE most assets will drop except bonds. Beware being long into Friday post speech, if we get a head fake they might save stimulus for the following week when Obama launches an infrastructure and stimulus package. Sad when investing is now about trying to read the tea leaves on government stimulus and buy and hold can be measured in weeks.
WWBD?
.
Selling 40% of my LONGS here !!!
Adding a HEDGE on remaining LONG position !!!
—
Still NET LONG !!! fwiw
.
.
Banked Profits Today !!!
Gotta buttload of CASH to deploy if need be !!!
.
LOL
I’ll sleep like a baby tonight … again !!!
I’m GOLDEN !!!
.
.
Currently NET LONG by 3:1 margin !!! fwiw
.
$300 long, $100 short…just guessing.
.
Yur fuckin’ kiddin’ right, Bozo !?!?
Funny stuff indeed !!!
.
One day in this market has nothing to do with the next day…look no further than the 4% alternating moves a few weeks back.
I hear the Republicans are already blaming Obama for the earthquake…at least SomeOne is trying to get rid of Congress!
Congress is not in session. I saw my district’s asshat in the restaurant at lunch today. It was all I could do to not throw a fork at him.
__________
Here’s the best part about the planet collision comment, it’s almost as if the Fly wrote this himself:
(from wikipedia:)
The idea that a planet-sized object could collide with or pass by Earth in the near future is not supported by any scientific evidence and has been rejected as pseudoscience by astronomers and planetary scientists.[1]
The idea was first put forward in 1995 by Nancy Lieder, founder of the website ZetaTalk. Lieder describes herself as a contactee with the ability to receive messages from extra-terrestrials from the Zeta Reticuli star system through an implant in her brain. She states that she was chosen to warn mankind that the object would sweep through the inner Solar System in May 2003 (though that date was later abandoned) causing Earth to undergo a pole shift that would destroy most of humanity.
1995? Nancy Lieder?…lol That’s the problem getting information From Wikipedia….
In 1978 Zecharia Sitchin wrote a book named “The 12th Planet” in which he described Nibiru based on Sumerian tablets..
Didn’t you watch Ancient Aliens?
http://sitchin.com/
Good shit about 1/2 down that page, if you believe in that sort of thing. I only give it a 50/50 chance.
You guys better cut it out or Bruce is gonna get pissed off.
Only Billy Swiss Goat and his Raelian Alien know the exact data you require.
_____________
For I am a lowly humble man. An orphaned son of vagrant migrant workers. My only advice is this.
Q What is best in life, Conan?
A To crush your enemy and hear the lamentation of the women.
….and if that doesn’t do it, and if the band you’re in starts playing different tunes….then I think you know what to do.
I’ll see you on the dark side of the moon.
fly did you make this video?
http://www.youtube.com/watch?feature=player_embedded&v=_7VRjtT4sVo
amateurs. I do it with force.
I got back in a bit early, but I loved today’s action. This rally definitely has legs. Internals looked GREAT today.
what “internals” are you referring to ?
—
The ones I watch didn’t look all that great most of the day !
.
WHAT THE FUCK ARE YOU TALKING ABOUT!!!?
Breadth was at 89% green today. Your answer will determine your fate here.
Yes, thanks Fly.
WTF?
Really? Which are you watching??
(In TradeStation) I keep an eye on $ADSPD (>350 almost the whole day) and $TICK (plenty of 1200+ readings, also the moving avg I watch stayed >0 almost the whole day, and trended up nicely into the final hour). I also watch a quotes table of 27 indexes/sector ETFs etc, 25 of them closed WELL in the green — and were there most of the day. The two that didn’t were UUP (dollar bull) and $XAU (gold & silver).
So IMO — this was a bona fide buying day.
If we get follow through tomorrow, bears are in trouble.
This is the trouble with a blog where the blogger actually reads the comments, LOL. Some people can’t get away with their usual behavior on the Internets– such as just making up stuff about what the market just did.
My comment was to Alf.
Hurricane Irene on its way to wipe out Florida! …..should be good for at least a 500 pt rally in the market!
BWAAAAAAHHHHHH!!!!!!
Not funny real people get hurt.
i hope we follow threw, but im more inclined to think this was a snap back rally. but it sits w/ the clam..good thoughts to all.
I not i
through not threw
smarten’ the fuck up…..please
sold gld yesterday, (see post) bot tna this morn, closed out at the close. i cant spell but i did ok, what did u do 2day?
Easy to claim all this after the fact, after you have already seen what the market did today.
Kinda miss the owl.
So in the NYC area, was it a tremor or a quake ?
I was in a skanky motor vehicles office and I thought a crack head was humping my chair to the beat of
his Zune knockoff , LOL ! Got into a fight there 8 years ago so I pussied out and buried my head in my newspaper rather than turn around and spark another one up.
http://youtu.be/sXoYK4b_q24
Did this fight involve a Highway Patrolman and a tasar by chance?
Been out of the loop for 6 hours, haven’t heard about a tasering in NYC, but there is a website to investigate, called Thee Rant.
Yeah, I pussied out, but last time an 80 year old security guard wound up separating us by bringing
the crack head to the front of the line and leaving me in the back. Maybe this was the scam for his bro.
That’s ok, I live to fight another day. Try to pick me out in this video:
http://youtu.be/r7b5n2Uv4Ec
I found you.
You should not have sassed her.
and to think, i paid hundreds in taxes every week to feed that.
BUY THE DIP
http://youtu.be/jllJ-HeErjU
To ME … “Market Breadth” includes MORE than just Advancers vs. Decliners !
That of course … looked nice … and I said so in a previous post … on a previous blog !
—
But, I ALSO look @ TICK and TRIN numbers throughout the day … watch’em like a hawk in fact !
TICK was fair … TRIN was NOT !
TRIN was substantially ABOVE 1.00 ALL DAY LONG … I prefer it to be BELOW 1.00 !!!
That’s all I’m sayin’ !!!
—
Jeeez !!!
.
BTW … let me repeat …I’m NET LONG !!!
I certainly have no reason to post anything false or misleading !!!
.
me too. an im staying put.head fake tuesday is all it was today,just like last week,the week before,the week before that and the week before that other last week, and that was the time i said bac will die. but i’m long.and a week before that…………
OK. Fair enough.
EOG
DECK
DDD
AXP
WPRT
Ain’t nothin sweet but the swishaz
OEW Daily Recap: http://caldaro.wordpress.com/2011/08/23/tuesday-update-298/
“The market opened higher, bounced around a bit retesting the low SPX 1120?s, then rallied throughout the day. Once the SPX cleared the OEW 1146 pivot the short term count took on two possibilities. First, the high at SPX 1208 may have only concluded Minor wave A of Intermediate wave iv, then the decline to yesterday’s 1121 Minor wave B, and now a rally back to around 1222 pivot, to complete Int. iv, is underway. Second, the downtrend from SPX 1356 may have just ended on a failed/truncated fifth wave. This second count would suggest a potential rally into the OEW 1261 pivot area, or higher. Today’s decline in Gold would give the second count a slightly higher probability than the first, since equities and gold have been moving in opposite directions since July. We posted both counts in green. The short term OEW charts have turned positive after the SPX hit the 1146 pivot. Short term support would be at the 1146 and 1136 pivots, then the 1120?s. Overhead resistance is at the 1168, 1176 and 1187 pivots. Market remains quite volatile. Best to your trading!”
MEDIUM TERM: downtrend low SPX 1102
LONG TERM: bear market highly probable
CHARTS: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987
Alf lives to fight another day.
… we’re on the same team here, Senor !!!
BOTH LONG !!!
I’m just “hedging my bet” here a bit ! (3:1 NET LONG)
This Market has proven to me that it is NOT TO BE TRUSTED !!!
so…
I bought some protection today !
—
Not sure where all the hate is coming from !
.
I believe he’s far over his allocation of exclamation points.
I would look to foreclose.
_______
This site ain’t big enough for the both of us anyway.
I propose a duel!
My TICK against your TRIN all day long.. (NO JOHN WAYNE)
I am a HUGE fan of the exclamation point, Jake !!!
—
Try to get beyond that and read the posts with a “non-exclamation point prejudice” !!!
I mean … I’m able to git past your asshat politics and actually pay attention to your
astute PM commentary !
.
That is complete Bullshit! I want to rip the face off his fucking annoying avatar.
FU Jackass !!!
—
You are not worthy to wash my feet !!!
.
ROFL!
If the Fed doesn’t do something big and shocking on Friday, watch out below. I suspected we would have a Clam-inspired rally before then…the Bears just need to sit tight for a couple more days.
We may rally up to 1175 (only 13 more S&P to the upside left), but that is about as high as I see us riding on this pre-Clam rally.
pretty much agree !!!
.
So says you.
Yep, this goes down from here until we get some clarity. Like it or not, CNBC’ers drive this bad boy into the fucking ground.
A huge earthquake! SELL SELL SELL! …Mostly no damage, BUY BUY BUY!!!!
lol,
i like the inflation trade, food ,oil, , so im stockin up on spam, is a kind a meat that will last forever , plus it has both food and oil in it…
Christ
Looking like it’s back down again tomorrow. Japanese debt downgrade. This volatility is brutal.
Fly !!!
I implore you to post …
I Feel The Earth Move … by Carole King
—
… before tha ‘morrow !!!
—
To do less … would be less than respectful to tha GODS !!!
Just fricken DO IT !!!
TIA
.
WOW! I had no idea that “gangstas” drank Bartenura wine. How bizarre!