What a day! Would somebody please ring the bell already! Don’t say you did not see this coming. Fly & Scott have been warning you guys for weeks. The PPT Hybrid score was flashing a 3.0 reading everyday at the top. Sure it’s easy to say that in hindsight, but let this be a lesson of how powerful Fly’s brain is, aka The PPT.
In a bull market hedges come on at a 3.0 reading and you buy the blood at 2.20. This simple procedure has saved me countless of dollars in the market and has proved again to be effective. So will 2.20 win again?
Should be an interesting last hour. RW shirt going out tonight to winner of today’s contest.
Stay tuned..
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Dammit! No headline power for me. Where is the love?
JUST SOLD MY DXD!!! HOLY SWEET JESUS. Best trade of the last 12 months. SICK. JUST FUCKING SICK!!!!
ok, headline power in effect.
My quotes are all fucked up. TRYING TO BUY THIS DIP with OPTIONS.
WOW!
Notes from IBC 10-27-09:
1. toptick114 says:
October 27, 2009 at 2:32 pm
Global Macro-Economic Landscape- Horrific
US Markets- Presently in Consolidation/Corrective mode which when complete, ‘potential’ (emphasize ‘potential’) SPX/DOW 1170/80-1250; 11,250/12,000/500 yet ultimately succumbing by late Q1/ Early Q2 ‘10 whereby second leg of secular bear resumes eventually taking-out previous (March ‘09) lows rendering all 401K’s/Pensions etc…etc….’Essentially Worthless’
$USD (Sacrificial Llamb)- Presently in ‘bounce’ mode which should/may be ‘rebuffed’ @ 77-80 zone, when complete, secular bear resumes with stops/dates @ 72; 62; 52-55 zone.
Crude- Presently in Consolidation/Correction mode with support @ 75ish, when complete, 88-90 with an ultimate revisit/date @ Par (100) and beyond.
Treasury’s- Ultimate ‘D-Fault’
Gold- Presently in Consolidation/Correction mode within secular Bull which when complete, primary trend (Higher) resumes to New All-Time Highs.
Silver-Presently in Consolidation/Correction mode within secular Bull which when complete, primary trend (Higher) resumes to 40-50 zone.
2011= Global Hyperinflationary Depression.
Elephant In The Room= ‘$592 Trillion OTC Derivatives’
Trade/Act accordingly.
Indeed!!
Update: We recently (couple months ago) upped our $USD target to 83-84 zone as the technicals suggested, overcoming and going ‘topside’ on a ‘close’ at the 81.40 level. While the cyclical trend for the ‘Buck’ remains intact, the longer-term prognosis remains as stated above in our 10-27-09 notes. We believe we may be a bit early on our Global Hyper-inflationary call for 2011, yet see no signs that policy makers are willing to address the Cancer. Thus, such scenario ‘may/could’ be prolonged as well but, ultimately play out, as equities markets should find stiff resistance in the SPX 1230-50 zone.
Potential Reward= SPX 70-80 pts from current levels
Potential Risk= SPX multiple 100’s pts from current levels
Have a profitable week of trade.
my quotes are screwed up. anybody else having issues?
yes
What’s the ppt score … surely 2.20’s was hit?
generational buy time on the squid. [/dickie bove]
DXD!
I love how a technical indicator takes credit for fundamental and event driven movements.
Heads you win tails everybody else loses
PPT (not Fly’s) saves the day. 500 point move up from the low in 15 minutes. Govt manipulation at its finest.
2.28 at the moment.
Buy the blood.
Got Gold? Fly has misunderst0od the role gold is playing from day 1. Only critique I have with Fly.
Tickers can’t even keep up.
lol, love you name.
I took the day off from the market, came home, and turned on CNBC, the market was down 400 then 500 then 800. Cramer was on there talking bullshit as usual. Seems to me like we just experienced a 1987 style sea change. In 1987, it was a precursor to the end of the Soviet Union. This time, it is a precursor to the end of capitalism. There is absolutely no reason to be bullish any equity. These idiots on CNBC are talking about this being a mistake. WTF, this was not a mistake.
Same here RC!
don’t forget my breadth warnings! been negative for more than a week!
indeud.