Based upon the laws of mathematics, of the sublime nature, the market is not going to bounce until we hit certain levels. I will reveal to you what is seen on a daily basis inside of the hallowed grounds of The PPT, as a gesture of kindness.
As you can see, the algo marked the top of the range and hasn’t flagged OVERSOLD (OS) yet.
There are levels of OS we are prepared to buy. I am eying the 6 month OVERSOLD range as a possible buy point for the rest of my cash.
As you can see, this level has not failed dip buyers at all, over the past 6 months. After that, I will fall back on the 12 month and 36 month algos, all sublime in nature, touting accuracy stats greater than 76% with a much larger data set.
If you’re wondering why I haven’t adhered to my own computer brain by going to cash when the algo said we were OB, the answer is simple: gluttony.
Punishment for my crime is loss of time. Making back the money is the easy part for me. I do this, quite successfully, for a living. I’ve never been faced with a problem that couldn’t be solved. It’s the puzzle that keeps me interested. However, it’s the loss of time that I lament the most.
Until then, SHOMP on.
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Operation Titty Twist.
You had been warned.Sell-off should have happened long time ago.
And waiting for aapl to go lower
CNBC would be more interesting if they broadcast suicidal car thieves.
CNBC would be more interesting if they replaced all shrill fast-speak blonde female impersonating grad school/Cramer trainee dropouts with some people who actually know WTF they are talking about through experience.
Wow. Brutal, but good.
I’d rather have them pretty, with the sound off.
Saw that too…..Shep sayin “get off” “get off” “get off him”……. BANG……the look on his face was priceless.
Bet the perp wishes he hadn’t done that.
You should have been hedged like me. Due to having 977 long positions and 978 short positions, I was down only 0.1% on the day and have only lost 0.5% for the year before factoring in commissions. When factoring in commissions, I have lost approximately 32% this year. Hey, it’s a cost of doing business.
Lol
In the news and off topic……….9/27/2012
The Hindenburg Omen has once again reared its ugly head…………..
Obama Halloween masks outselling Romney masks 2:1 which is a sure portent of 0’s victory come November. Get ready for 4 more years………….
A 50 foot wall of foam flows down a river in China scaring people badly enough to run for their lives. The Chinese government says the cause is someone washing out a garbage can……..
And this…….
Priceless.
http://www.youtube.com/watch_popup?v=2CVK4c2qu3M
Thank you for that clip, Heaterman.
It’s going to be replayed quite a lot, because of you.
This may be of interest:
http://www.patcondell.net/
You’re very welcome.
Read something today which helps affirm my (and others) belief that we are not dealing with rational people in the MidEast.
Believe it or not, Syria has a law on the books that bans yo-yos, The grand Poobha at the time held forth that the up and down motion caused drought so they were made illegal.
Fly, I’ve been reading you for years; huge supporter.
Backtesting indicates that buying pullbacks in an uptrend is a successful strategy but at some point a pullback becomes a bear market.
What are your top indicators to avoid ‘suchness’: moving averages, economic indicators, PPC, earnings (UPS going negative for example), etc?
Thanks.
One Ben jammin Bernanke is the only market indicator that bears watching. All else is dross.
Peanut
I find it essential to combine computer generated algos and human intuition. There is no replacement for a gut feeling on where markets are heading.
“The Federal Communications Commission unanimously approved a sweeping, though preliminary, proposal to reclaim public airwaves currently used for broadcast television and auction them off for use in wireless broadband networks, with a portion of the proceeds paid to the broadcasters.”
http://www.bendbulletin.com/article/20120929/NEWS0107/209290326/
Apparently, the tele-comm industrialists want to make sure there’s plenty of government sponsored, Lifeline phones available when they’re poverty-line, without internet or phone access. 😉
I think the FCC is doing the right thing. The end user (consumer) is more interested in smartphones than over the air local UHF TV stations.
No one will argue against taking waves away from teevee. My initial reaction to the decision, however, is are these companies really worthy of managing the public’s assets? Or will they just try to rip us off more? I mean, what’s next? Give used cars to used car salesmen?
Sign of the times: Tiger Woods is benched for the first time ever in the Ryder Cup competitions. The bad news is, the markets will be open on Monday.
… https://plus.google.com/u/0/107083812766317165526/posts
Fly.
Your boy Rosé got challenged at BET.
I was looking for it in the IBC-FN.
Hence:
!!!BREAKING!!!
http://goo.gl/8Qwup
One more reason to lay off the junk food & eat healthy/organic food:
Is Alzheimer’s Type 3 Diabetes?
http://opinionator.blogs.nytimes.com/2012/09/25/bittman-is-alzheimers-type-3-diabetes/?ref=general
We’ve got real issues in the world and FB tonight (at least my steam) was filled up with some winner of a steroid contest called Mr. Olympia? Seriously folks. Who gives a shit about a roided out contest.
We know, Lilo is dropping charges at this very moment ! The bitches are probably giving her this shit, ” Well Lilo, grabbing a bitches phone is grand larceny, and if you press charges, then he presses charges ……….. or you can both drop charges and go back to the club and blow for blow the rest of the night.”