Fucking classic panic action reversal. I was two seconds from tossing myself out of a cylinder shaped window, onto oncoming traffic, when the market gave me a reprieve. We reversed with great vigor, partly thanks to robots gone wild, partly thanks to short sellers booking gains.
Either way, we were oversold and due for a sustained rally up.
After today’s emotional roller coaster (oh, the drama, it’s too much), I don’t feel like talking to you fucking idiots.
Enjoy the music and the eloquent video.
[youtube:http://www.youtube.com/watch?v=W1jwKxN5lgY 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig.
Pete Rose was not inducted into the Hall of Fame because he bet against The Fly.
Ok,
It was fun to use the PPT today and make a small profit (.29% of 1/2 port s&P).
But now I’m back out as I have been since Jan 25th waiting for a trend.
I think today we got pretty close to a short signal, which I’m guessing will be triggered around s&p 1030. In fact I’m hoping we get a short signal, so that I can enjoy the ride down and back up again once we reverse.
But I’ll follow the trend which ever way it goes.
Thanks again Fly for the PPT. Thus far, I’m thinking the bounces are bigger when the markets is in an uptrend.
Fly, any insight on THC? (No, not the kind that’s about to be legalized in CA)
I guess I can stop shopping for a hair shirt now. Couldn’t find a good one on ebay anyway.
Distrubing fucking video…could only watch half.
The ending really sucks!
lol
Keeping a safe in the master suite closet is a very bad idea. Be more creative folks. Serious times require serious actions.
carry on —
It was a rerun.
hmmm, how can the gubmint fuckery be incorporated into the PPT?
It’s a tough one, but I guess anything is possible.
Maybe the PPT’s executives should limit their annual bonuses to 10 million after accepting TARP funds.
1046 was respected. The Hammer is at the end of the chart…
Folks, the bottom is in!
http://bit.ly/bvXonS
the bottom is in until the next one
New highs next week bitchez!
Bettingonthefly took second in r1 at santa anita today.
http://www.drf.com/static/results/05/rSA05.html?rn=887340
King Cock Rocks!
All Hail!
It’s a tricky game folks. Read the historical archives and trade at your own risk.
Fly wins. Period.
Did I miss anything while I was away? 🙂
Thankfully we all live to fight another day. Have a good weekend everyone.
Yes, you did miss a thing or two.
The biggest thing is that Jellystone Park has now been turned into a sex rehab clinic run by Dr. Fly and Associates.
How come these guys don’t trip over their own pants when they run away?
And is that the dude who sings Little Drummer Boy with Placido Domingo on the Christmas Album Father Aloysius got me last year?
And get me another *&%*&# venti, mother&%^%$^%$!!!:
http://www.youtube.com/watch?v=uTwuQBOLYdU
Bye bye…. (asshole).
Awesome.
________
Dear Mr. The Fly,
The market is killing me. Make it go up.
Regards.
The market will rebound next week.
We bounced hard off the 200 day moving average today at 1046 on S&P. We need positive coments out of the eurozone this weekend and blast off!
I got what i deserved today. I went into the day with enough futures contracts to put me at about 10 or 20 to 1 leverage. All fucking long.
What a massacre.
You burlap clothed MF’ers thought the Fly was losing but in fact he was positioning for major wins!
Holy shit.. im long going 230% going into Monday.. this motherfucker better rally or im going to default on my mortgage and do my part to contribute to this disaster
Also I am apposed to you people sucking FLY’s cock.. let the man be . he doesnt want homo’s telling him he is god while the market is down 5% ytd.. wtf..
I’m apposed to that as well.
(of course, I’m apposed to be that)
_____
Keep in mind we had a $675 mm selling on strength day in the SPY’s.
That could have been just because of the massive selldown today distorting the tick data.
Or it could mean we’re in for more storm on Monday.
Stay alert.
___________
Haven’t you heard of Mutual Fund Mondays? I feel like a steel boot kicked me in the crotch after this week.
Do you have hourly data or EOD data?
You can watch the numbers throughout the day, but it’s a static shot, not a flow graph. Since I only saw the EOD number, I’m not sure what it really is showing, given the “doji day” action yesterday.
FWIW, Gary over at SmartMoney Trader thinks it may have been a large seller jacking the market at the EOD to sell into it.
Obviously, that’s all speculation.
___________
Jake,
Many thanks.
Sorry Fly,
you a nice guy
don’t mean to shoot you in the kneecap
but this video reeks and is crap.
Yo Yo Yoooooooooo man ya know?
Your down big, it will take you the rest of the year to recover. Whats your next game plan.
Three “yours,” one correuct (sic).
____________
Check out the hammer candles on big volume in all the indexes. A ton of long shares went from dumb money to smart money today. All selling stampedes end with two consecutive up days on strong internals. We’re most of the way %-wise to the end of this particular stampede but still have a relatively longer ways to go time-wise. The indiscriminate selling ends later next week or early the week after. Then the focus becomes whether we can make higher highs than January with confirmations from the cumulative advance/decline lines and expanding 52-wk highs. A lower high or non-confirmation from the indicators harbors the end of the uptrend.
fid
Bobby Boucher what’n hell r u talkin bout? Is at dat damn VOODOO? Boy you ought best stick to foooosballls.
You sound like a big choo choo train. I’m gonna show you the power drive courtesy of Captain Insano.
fid
Who said i am down big? I am down less than 5% putZ. I was up 13% before correction.
Fabian
Quit taking rap videos so fucking serious. All that time on the farm has u a little too philosophical
yeah, you are down 5%, and unless you fucking change your bias next week, you will get ftk’d by the market. I told you this stupid bull market is over, I also called the bottom in your comments. We now trade up nicely through Tuesday, which is when I turn my shorts back on and ride this fucker lower again.
And I am tired, so I will shut the fuck up. Have a good weekend.
im up for the day—-year—-but you knew that
25% of the longs triggered at the close of Thursday closed out with profits.
Fig
Stfu bitch
So Fly,
Two innocent people in their home shot through the head by the earths rectum.
Cool, Macho?? it has a beat.
but only a depiction right?
Still cool if it was your son or daughter?
Don’t dignify the worst the world has to offer by showing total garbage like that.
Fabian
Re the video: The alternate title is “Slope of Hope visits Lloyd Blankfein”. Metaphorically speaking only.
“Look, I have numerous excuses for my actions and I might end up being right.”
The Fly
“Only after disaster can we be resurrected.”
Tyler Durden
The Fly as cannon fodder…never!
Love to see a rip above 1080 on Monday & then challenge 1103 later in the week…..this sell off feels like last june – july’s cycle:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&sid=0&o_symb=spx&x=9&y=20
Hey dum dum–go get me some gum gum!
Looks like that on the McClellan Oscillator too, fwiw.
_____________
Yogi
Go play with your gay giraffe. You giving me advice is like joe girardi telling ty cobb how to steal homeplate, motherfucker.
The rollercoaster is a roaring hit
As the fuckers cheer the new high
But the rides never end like that, fucking dimwit
Let it be known that Four days and an hour counting
The Market shall weep first, then sniffle
As the next hour dawns, the European idiots discover thinking
First to get slaughtered are the trader sheeple
Then the banks and Robots make love like violent teenagers banging
Lo and behold the market discovers its throttle
– From the lost diaries of Nostrafuckinbitchodamus
Never, ever quit your day job.
________
I am merely a channel. Go back to everytime I wrote a verse. It has come true. I have a scary gift.
Bears are so fucking dead now! The BULL IS BACK baby! YEAH!!!!
Yes, we get your dull-hammered point.
You can go back to Timmah’s now, and report to Cult Leader that “Mission’s Accomplished.”
Tiresome.
__________
You shithead Fly. I told you to go 100% cash two weeks ago. But no, you got so fucking cocky and bigheaded that you had to keep pushing your longs and maintain a paultry 16% cash.
Man, you got to check yourself when you get that fucking cocky and stubborn. This shit is going to go sideways for a few days and take another fucking shit so get 100% cash or at least get 30% short man and 70% cash. Oh and get rid of that t FTK. Your just being goddamn stubborn with that piece of shit. If the website looks like am chimp put it together, its a POS stock.
^^^^ Obviously not the REAL Yogi of Yogi and Boo Boo, but a looser [sic] imposeuter [sic].
Have you ever blown up a trading account?
http://bit.ly/cr61rC
some of you people seem to be a little high strung
I still don’t understand this video about the fed giving away billions to foreigners.
http://www.youtube.com/watch?v=2_VCy0lMU1g&feature=related
sounds to me that the dollar was the only currency being accepted at the time…either for the U.S. to pay its bill or for a loan…govts. and central banks do business ..but central banks usually sell their gold to raise cash..so i would be asking why wasnt that done instead…
but i could be way off base
I get it now. In the summer of 2007, the uptick rule was removed. Then, the Federal Reserve unilaterally decided to send out over 500 billion dollars to foreign bankers starting in the last quarter of 2007 and continuing through 2008, Prior to that the amount going out to foreign banks was zero.
i dont see how the up tick caused a lending spree
It didn’t. It was originally instituted to reduce a precipitous drop in the market as a result of lesson learned from the market crash of the great depression. It was removed experimentally in 2007 using the logic that it was no longer needed since the fed could be trusted to stabilize the market, and they wanted to see if that concept would work, so they removed it. The lack of liquidity leading to the collapse in 2008 was most probably fueled by the 500 billion being swapped out to foreign banks without Congressional approval.
Bernanke’s statement that it had no impact on US Citizens could be wrong.
he seemed nervous, like he was hiding something
Yes, you can read the body language very well.
*Cough*
Over-fucking-dramatic