18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Speaking of assholes …. A-Rod returns to the Yankees tomorrow, but don’t get too excited Yankee Fans. A-Rod can’t fix the problems they have …. enjoy the season, I know Red Sox Nation will!
Apologies if anybody already broke this story earlier…BUT, the one known as Dinosaur Trader, an often-friend of iBC, has (once again) retired from blogging!
“After the gap up this morning the market ran into trouble at the 935 pivot. We noted yesterday that this pivot would provide resistance as it sat in between two fibonacci relationships for the waves of this uptrend. The pullback that followed (29 points) was the largest one in over two weeks. In order for the market to continue this downside momentum it will need to break through the 900 level next. Then we could get a pullback to the 848 pivot or the SPX 827 low at Intermediate wave B.”
the whole finacial industry is working together to hand an economy that appears to be getting better. They don’t want the market to take another hit, and they are being very careful on how to report finacial news..They are easing peoples fears, so I say buy until the monkey runs out of the closet to rape us.
It clearly is NOT The Fly’s fault for recent problems:
“Dennis Slothower has remained out of this rally and is adamant about it. He is one of Hulbert’s three best performers of the last year. In his letter this morning, he outlined some investment rules:
It is a real simple system.
BUY RULE: Buy when monthly S&P 500 price > 10-month simple moving average.
SELL RULE: Sell and move to cash when monthly S&P 500 price < 10-month SMA.
This simple indicator would have kept you out of all the bear markets since 1900 and it would have caught all the major bull markets too. It would have kept you out of the Great Depression with your capital intact.
I am all for investing in a bull market, but the truth is the S&P 500 monthly closing price is not above the 10-month simple moving average. It is not above a 200-moving average.
It may happen soon but it is hasn’t happen yet.
For what it is worth, I think we are just about played out as we head into the unemployment report with the daily stochastics at 91% and the weekly’s at 98%, so next week numbers will show at %K 99 and that is about all you can get out of this indicator.
He says the rules come from a very lengthy article in “The Journal of Wealth Management.” If you world like to read it, you’ll find it at:
Zombie is slow
Always like this guy’s posts:
http://www.informationarbitrage.com/2009/05/what-keeps-me-awake-at-night-economy-edition.html
“This isn’t a game anymore.”
Nope … Red Sox 13 Indians 2.
http://www.boston.com/sports/baseball/redsox/
Sox score 12 consecutive runs in the 6th inning tonight to tie a MLB record held by the Brooklyn Dodgers.
Speaking of the Dodgers … Manny Ramirez to serve 50 game suspension for using fertility drug … Gay Blade!
http://sports.espn.go.com/mlb/news/story?id=4148907
Speaking of assholes …. A-Rod returns to the Yankees tomorrow, but don’t get too excited Yankee Fans. A-Rod can’t fix the problems they have …. enjoy the season, I know Red Sox Nation will!
http://www.nypost.com/seven/05072009/sports/yankees/a_rod_returns_to_yankees_tomorrow_168084.htm
The new Tim Sykes a.k.a The Fly
GOOD:
We had a down day.
I expect at least one more tomorrow.
Perhaps the buyers are not as impressed with the luster and patina of the equity products as they slowly lose objective appeal?
NOT GOOD:
Oil gettin’ it’s freak on….
Good god, Abu Dabi moth-rfucker.
Okla-by god-homa, small independent producer come-back?
Shaawingg!
IBC iT dept-
Ban that fucker who called me Tim Sykes. I have never been so insulted. That little fucker isn’t in my league. He’s some internet investor.
anton
I read him too. However I keep noticing a pattern with more than a few bloggers.
They were late to the bear party and now seem late to the upturn.
i like tim Sykes marketing style…but not trading..he is cheater
j,
Ehrenberg has had pretty good ideas for straightening out the banks. Ideas that wouldn’t have hiked our debt to 80% of GDP.
Can’t remember his overall market calls, tho. He’s been pretty pessimistic.
I agree with his judgement as to what happens if the failout doesn’t work.
Oh, and no one was slower to see the upturn than me, as my insistence in buying the fucking FAZ bombs prove. So all these bloggers look smart to me.
Except Tim.
iBC is officially a penny stock website you should really consider hooking up with Sykes and bring some more revenue for PPT ………
Al
Go fuck a horse.
See the title of the website? iBankCoin.
That’s what I do, fuckface. The stock could be from Mars and I’d buy it if it made me money.
Spoken like a true gunslinger!
Yea, Anton,
except of course Tim.
hahaha fucking man-ram.
‘it’s just manny being manny’
fuck that dude.
i hope every bank triples off of their secondaries just to see that godforsaken FAZ go to 0.
Fly:
You could very have scared off another potential PPT customer there 🙂
Black betty had a child
The damn thing gone wild
She said “I’m worrin’ outta my mind”
The damn thing gone blind
Yes, ban him!!!! I’m guessing (hoping) he wasn’t serious.
It’s a full moon….
85% of you fuckers need to (seriously) get laid.
The last time most of you got a piece of ass, was when your finger broke through the toilet paper!
Deal with it.
Apologies if anybody already broke this story earlier…BUT, the one known as Dinosaur Trader, an often-friend of iBC, has (once again) retired from blogging!
Extra, extra, read all about it!
http://dinosaurtrader.blogspot.com/2009/05/ro-report-last-one.html
OEW Recap:
“After the gap up this morning the market ran into trouble at the 935 pivot. We noted yesterday that this pivot would provide resistance as it sat in between two fibonacci relationships for the waves of this uptrend. The pullback that followed (29 points) was the largest one in over two weeks. In order for the market to continue this downside momentum it will need to break through the 900 level next. Then we could get a pullback to the 848 pivot or the SPX 827 low at Intermediate wave B.”
Wow. Thx Peezy. These are tough times. Tried to leave a comment on his blog, but it wouldn’t stick.
If Dinosaur Trader is tuning in here, know that I wish you all the best.
Damon says:
The last time most of you got a piece of ass, was when your finger broke through the toilet paper!
Well actually I bang the wife quite regularly, damon, unlike you who seems to look it head down in a public toilet..
Shame about Dinosaur Trader..wish him the best. Fly keep the good work up man..you are the tie that binds many together as one
the whole finacial industry is working together to hand an economy that appears to be getting better. They don’t want the market to take another hit, and they are being very careful on how to report finacial news..They are easing peoples fears, so I say buy until the monkey runs out of the closet to rape us.
fly–you are the greatest trader I’ve followed. Thanks for the insite into your buys.
It clearly is NOT The Fly’s fault for recent problems:
“Dennis Slothower has remained out of this rally and is adamant about it. He is one of Hulbert’s three best performers of the last year. In his letter this morning, he outlined some investment rules:
It is a real simple system.
BUY RULE: Buy when monthly S&P 500 price > 10-month simple moving average.
SELL RULE: Sell and move to cash when monthly S&P 500 price < 10-month SMA.
This simple indicator would have kept you out of all the bear markets since 1900 and it would have caught all the major bull markets too. It would have kept you out of the Great Depression with your capital intact.
I am all for investing in a bull market, but the truth is the S&P 500 monthly closing price is not above the 10-month simple moving average. It is not above a 200-moving average.
It may happen soon but it is hasn’t happen yet.
For what it is worth, I think we are just about played out as we head into the unemployment report with the daily stochastics at 91% and the weekly’s at 98%, so next week numbers will show at %K 99 and that is about all you can get out of this indicator.
He says the rules come from a very lengthy article in “The Journal of Wealth Management.” If you world like to read it, you’ll find it at:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=962461. ”
quoted by Art Cashin this morning.