My ETR purchase took cash levels down to 30%. I got cremated in many of my longs today. But, had I not sold yesterday, I would be attending my own funeral today.
Don’t be a zebra or a caitiff. Sell stocks and live to fight another day.
UPDATE: In light of poor market conditions, the generous folks at iBankCoin offer you a 5 day FREE TRIAL for The PPT. Enjoy.
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You said everything was going to collapse, then the bull market was back and then it was going to collapse
Gotta be nimble, to stay alive these days.
#keepup
“Consistency is the last refuge of a small mind.” (a misquote of Oscar Wilde that I once heard, and much prefer to the actual)
Yeah, uhhh incometrader, this is the internet…if people didn’t flip their opinions once a week, then something would be seriously wrong. ZH is consistent, read that bunk if you want consistency.
Weren’t we just talking about this last week and you were saying the opposite?
Well, that was a shellacking.
You’ve said this every year for the past few years. I hope this year you’re right. GL.
I’ve never said this. You are a liar and a charlatan.
I am dancing in the ring like Mohammed Ali, pretty good for my age (OOPS, shhhh..I am older than 47).
“There will be betrayal, scandal !! and perfidy of epic proportions. But…the lion shall prevail. You see, the secret that I know is this, all of history is driven by the lion. We drag the poor zebra, kicking and braying, staining the earth with his cheap blood. History doesn’t remember us fondly, but the history is written by the zebra, for the zebra.”
2 Fridays ago was a Faked day
“OH HERE WE GO! WE’RE GOING RIGHT BACK UP!”
This Friday became a bs day up
“DOW TWO-HUN-DRED! WOW SEE! GOING BIG BABY!”
I felt it Probably would be another bs one.
Anyone grabbing TNA was hasty (at the very least)
In dismissing the breakdowns already building again
Oh, But we’re just gonna rip higher, forever,, Right? Right?
Do you have any insight as in to why the market is going to crash other than it’s been going up for five years so it must come down?
With due respect. Yes.
Crash? Well this may be the “big turn”. Notice I use May.
Crashes occur from overleverage overmargin oneside trades
GRUB > YELP
Any wisdom to impart about dealing with a bad day? I feel like hurting things but surely that is wrong.
Hit the gym.
Fly,
All along I thought your ibunk algo can predict the future.
Do I really need to ban you?
You are going to get your eyebrows punched clean off your bedragled head before being banned. I am just predicting YOUR future…
Regarding The PPT
I discussed failed signals last week and made it clear what to expect.
Word. And thank you for opening it up to the masses.
You gentlemen are hilarious and quite the odd fellows. Enjoying the banter…
The bottom will be Nov. 8 about 2:30.
I know this because it is the date of the iBC Vegas conference.
And if you want to spot Fly , he will be the one loading up his Doc Bags with pies and cakes (he like this) yelling BUY, BUY into the cell.
He will also be leading a Happy B-Day song to iBC and Grandpa Fly.
Grampa Fly, can you tell us a story about when the market used to go down? Is that what that was today?
Grandpa. Thought you were a doctor.
I am a Doctor, of the Podiatrical arts.
My brother is a podiatrist (or was) for about 25 years but after years of declining medicare and insurance payments along with increasing overhead he said screw it.
Took early social security and a part time minimum wage job.
Happy as a lark.
I am in it for the fringe benefits, if you know what i’m sayin’ 🙂
The sky is indeed falling. This is not a drill.
I think Doug Kass references you something about no memory day to day. lol…. (no animus)
Listen up. The Market has done several 180 moves. It is natural Le Fly would read it thus. Any catamites who cannot see this need to have their eyes gouged out with sticks, Good evening.
Double top in TLT, Double bottom in IWM. The intermediate term bottom is in folks. Back the truck up tomorrow. #timestamp
I’ll say it again.
Game over.
We got a top.
Not confirmed but I think you may be right. I am positioned as if it is the top.
The retarded it is 1999 again trade!!! Looks fucking done. $MSFT $INTC should follow $ORCL down. Boomer shit filled adult diaper trade is on.
So FLY,you are not wearing that flip-flop anymore?
http://www.goodreads.com/quotes/353571-a-foolish-consistency-is-the-hobgoblin-of-little-minds-adored
Now that everyone has either gone to a big cash position or short, we flush in the morning while more people panic sell and shorts press their positions. The we close green Wednesday with Thursday up 1.5%.
I hope that happens, so I can reload for the next leg down.
So when is the last time the market had a 10% correction? Yeah!! Bitches!
Damn, where have all the average people gone. Get long, the market is about to rip some bears to shit.
Buy Gold (extra physical)