Indeud.
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Joined Nov 10, 2007
23,446 Blog Posts
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A thing of beauty.
mathematical precision.
indeud.com
What do the numbers stand for? Below a certain number is a buy signal, and above another one is a sell signal?
The chart represents ALL instances when the overall Hybrid reading (4,000+ stocks) was above 3.00 and 2.30. Generally, those two points represent precise overbought/sold ranges.
Pretty sick, eh?
Where is 2008? What were the readings then?
I don’t want to be a tool but *any* oversold dip after 2009 low was a buy, PPT or not. Any other measure of oversold like going outside bollinger, breaching key trendlines, VIX etc. would have done equally well. The key is the dip buying after “capitulation” mentality so deeply embedded into every investment manager’s psyche that this strategy will work 9/10 times. Then you have cases like 2008 where the PPT could have hit 0 and we’d still keep going lower.
Point is, there is no perfect indicator. OK, I’m done. Back to the silliness.
Sam: The Fly’s “The PPT” is an absolute no-brainer.
Tremendous value considering you’re not only getting God’s picks, His investment tools and His ideas, but the stock screener, including the oversold/overbought indicators (which singles out individual stocks) is just priceless.
Sounds like a great ad:
So incredible, even a mindless brain eating zombie can profit from it… The Fly is God.
HA!
Interesting. Sounds sort of like VectorVest’s system in real time, but more clear cut.
BTW, did you have a chance to demo the hedging app I e-mailed you about? I ask because the demo password is about to change. Incidentally, we’re in the process of developing a scaled down version of it as an iPhone app, so hipsters can hedge their portfolios too.
3.15 – Time to short?
So what?
the other high readings came after an uptrend – this one is at a bottom
we might go down a bit or sideways a few days but that reading is only a hint at how fierce this rally is going to be
Don’t be a knuckle fucker and subscribe…you’ll understand
What actually is the driver behind this fierce rally? From where I sit its a counter trend rally inside of a bear trend.
Indeud… @Gap lets join forces and rule the world while FLY does “gods work” from the top of the PPT
Bow down to the *real* PPT on a job well done.
Indeud. Nothing more to say.
Lots of people waiting to short at 1120. Too many people. We either roll over now or blow right through to 1150, me thinks.
Bear market rallyes [sic] are nasty, brutish, and short. Be careful.
I am flat now. Sold all my shit this morning at 1088. A little bit premature, but whatevs.
Covered my short VXX position a couple of days ago.
nice trade
I thought (and think) you’re bat shit crazy for shorting something like VXX.
That being said, congratulations on the size of your balls. You earned every cent of that.
Considering that vxx exhbiits decay, and considering that the vix always eventually goes down, shorting vxx on spikes with a longish time horizon seems basically like free coin…
Thanks folks
There was obviously some not insigificant risk, but if you look at where the VIX was at when i shorted, relative to its history, it seemed pretty safe. We would have had to launch directly into a repeat of the financial crisis collapse for it to keep going up. We had already “tied” every other financial crisis in history, from a VIX level point of view.
Down seemed the likely course…
I agree. That was a fabulous play indeed. The market is not ready yet for a complete collapse. That is not to say it won’t happen later this year. In fact, I expect it will happen.
Bottom Caller, Top Staller, Ladies Holler cause Fly’s PPT is BIG Baller
Is ATPG oversold?
heh, headline risk doesn’t count
I sold out of what I had in ATPG, might come back but rules are rules
I did not short today. I only sold out of TYH. My reference to PPT was not to call the top here, but highlight how accurate it was nailing the bottom.
I am in full agreement with the PPT here
I sold some into the end of the day and will sell a little more tomorrow on what will be a very low volume slightly positive day.
I don’t think this rally will fail, just following discipline and selling some after a day like today
I just joined the PPT yesterday and I actually took a day off work just to peruse and observe. It is a thing of beauty! You just really don’t know until, well, you know. That ATPG back-and-forth was quite a learning experience for me as well 🙂 It’s stupefying how much money was made on the other side today…
go team canada
Party on Garth…
I am going to do the samething this weekend, I can’t wait….It is very interesting to watch it from the outside. ……..can’t wait to learn it so I can bow down….I CAN’T join midweek like you cuz I have to focus without distractions….I hated the fact I had to review my cancer drug stocks going into ASCO next past weekend instead of playing with PPT, but I do it every year when abstracts post….and they won’t wait.
Take my word for it Nymph, block off loads and loads of time. Go through all the old forum posts. The golden nuggets in there alone are worth it. I still only went through about 1/3 of them…
Even without seeing it, I figured it would take a very long time….I want to savor and enjoy it with nothing to distract me in my discovery process…
What are the odds to waking up tomorrow to SPY futures up another +20 before the open?
just flip a coin
on a long weekend, who knows?
Lower than this morning or yesterday. Aka, not the time to get heavy long into the tail of a run.
How often is the PPT refreshed for individual stocks: constantly or only overnight?
I made a swap today (TM for BP) today based on their PPT readings. BP was already up 6% at that point though and I wondered if the BUY reading was (accurately) predicting that 6% jump from the night before, or if it had already accounted for that 6% and still rated a buy?
every 45 mins. We are working on cutting time in half.
all depends. It’s best if you look up historical scores for name to see track record.
Ah, as in whether there has been a rating refresh since the news or price change I am concerned about?
Thanks Fly.
Walter,
Go to http://ppt.ibankcoin.com/bbpress/ and click on the post “How to Interpret the PPT Hybrid Score” (currently 5th post from the top). mda1125 did a great job (and video) explaining the Hybrid score.
I’m teling you guys, don’t ignore the older posts in the forums. They’ve got awesome stuff in there.
Already looking at it, thanks.
Like most kids with a new toy, I have been too excited to use it to sit down and read the instructions first.
PPT has been vomiting money into my acct all month.
I just vomited. I need to remember to separate my forks,spoons, and knives in my dishwasher. It just works better.
I only use plastic utensils such as this fine product:
http://ides.typepad.com/plastics_news/2009/04/light-my-fire-introduces-new-spork-made-with-eastman-tritan-copolyester-1.html
Sam
In the case of the ppt, you are incorrect. I have longer term charts that spell the same word: winship
Walter
Check each stocks historical scores for patterns and accuracy. The “buy” or “sell” rating might not work for all names. It s important to learn the system
Thanks Fly,
Trying to do too much with my new toy without first reading the directions. Have done well just following your blog posts the last 5-6 weeks, so maybe got to used to instant gratification.
Setback Halts ‘Top Kill’ Effort to Seal Leaking Oil Well in Gulf
http://www.nytimes.com/2010/05/28/us/28spill.html
With boulders for balls and shit for brains, I caught the following falling knives around 1050 and will lighten up when the euro gets to 128, WaveB ends and WaveC starts it’s decline to retest the bottom or the PPT overbought score is announced.
CE
CEDC
MEE
MT
SNY
TOT
WY
Up on avg 10% in less than a week ….
Fly thinking of signing up for the PPT. Can it work well for small timers like myself. Will I be able to understand how to use the tools there, or is it for more advanced pickers?
Pikers you picker!
Carsony:
It’s extremely easy to screen stocks, save your screens, backtest the historical hybrid scores, and navigate the site to find answers to all your questions.
Carsony:
It is indeed overwhelming if you’re a rookie and/or new to the PPT. However, if you take your time and read through the forum posts, user notes, and screens other users already have up there, for sure you could definitely profit from it.
Zombie:
Do you know anywhere in the PPT where it is explained how to backtest the historical hybrid scores for individual stocks? That’s the next thing on my to-do list, but don’t know how to begin.
Kenai:
Right under the “Hybrid Score” along the left of the page of that stock, just click on “Historical Scores.”
There are 16 pages worth of data and it even tells you when the stock hit “oversold” or “overbought” on the hybrid score. It also gives you the closing price with the corresponding hybrid score, technical score and fundamental score for each day. Truly awesome weapon.
Thanks Zombie.
I’ve seen the historical scores, I was just wondering if anyone had a formula for doing the actual backtesting of the data. I’ll keep checking around the forum posts, I’m finding more and more info in there…
So the PPT is now firmly in overbought territory after a 3% up move; how gay… the PPT has been in firmly oversold territory for a week; the usefulness of this tool seems overblown; otherwise I love the site.
Don’t be an idiot.
The PPT just came off the most oversold reading in its history. The market had a ridiculous meltup day almost 4%+ from the overnight lows.
In this case, i wouldn’t take the PPT overbought score to mean “go the fuck short”, but you might interpret it as “be fucking careful” or “don’t go long just now.”
It’s ok to use your brain when interpreting these things, or borrow someone elses for the task.
An “exceptional situation” requires “exceptional consideration.”
Great feedback, otherwise….
If thats what it says, thats what is says. I was up almost 5% today. Not diving back into VXX just
yet but I will prob take some profits.
If the markets DO go down tomorrow well then shucks that just makes the PPT awesome. We shall see.
Huggie you suck.
Dead cats bounce; today was relief. Fuck BP’s oil cork & Fuck China’s crap euro debt statement.
We give up half this rally tomorrow – minimum.
Back up the truck for VXX below 27. This correction is way overdue; get used to the volitility & the downtrend – its here for the summer.
My gooodness! Sounds like somebody was a WEE bit short today.
PPT coulda fixed that for ya.
Otherwise, i don’t necessarily disagree or agree with your predictions…I’d give them a firm “possibly”.
That’s why i’m flat now 😉
The PPT is questionable despite the great calls on this site. Let’s look at the PPT and the Fly’s calls over the last couple of months and see where it stands – much like an audit of the FED – lol.
The Fly will ban me momentarily while shouting about 30% YTD gains, however, those of us who ask for more “proof” before committing piker deposits to iBC should not be belittled. I have followed this site for almost a year and will admit that I am intrigued with the trading circle – JakeGint, despite his delusional political views, is spot on with his long term calls and RC, who in my opinion is the iBC’s best blogger, is one of the most consistently progressive thinkers posting. That all being said, I know that there have been many bad and uninformative calls made by many contributors as well and would like to see a little more understanding to the committed doubters.
In short, I – as a piker – would like to experience a month long test run of the PPT in a volatile market before committing to it for a year. Just a thought . . . .
Why do you feel I am required to show you proof of anything? Who are you to me?
Secondly, I am not selling my advice. I give that away for free. PPT is an investment tool. If you want to try it out, you pay for it. Plain and simple.
Quit being so fucking smug and BOW DOWN TO THE PPT, bitch.
Jake having delusional views? Seems pretty well based in reality to me, unless of course you are a Marxist or Socialist.
Exactly.
Oh Good Doctor –
I was trying to compliment you and your sometimes questionable following. I completely agree with you in that you are in no way required to prove anything to me. I check this site solely because of my interest and I take my time to sometimes point out to you how you can, in my humble opinion, improve upon it – be it bad coding or marketing.
As far as your salesmanship, you are selling commentary and stock picks so don’t try and act detached from your commentary and posted picks when its convenient. I get the PPT is an investment tool, and like I said, I am intrigued by it. My point to you is that you shouldn’t act so smug towards people who are interested in delving into your product but are hesitant because of the sometimes questionable marketing and commentary.
Again, I applaud you for a very unique blog and wish you would be a little more open to constructive criticism – after all, if the iBC was such an afterthought to you, you wouldn’t invest the time would you? I posted this not for a personal attack but rather to try and contribute to the overall blog. That being said, I know full well that you could give a shit about my opinion.
BoBo – despite you being a clown, you get my point on Jake . . .
Hi JF2- In my experience, the (PPT) is a community, not a gidget Fly is pushing.
We work together to share ideas, ask and answer questions, try out different trading
approaches, teach each other, help the new guys (as each of us had to learn how to navigate the site when we joined.) It’s a wonderful site and community.
$50 for a month and you can test run all you want.
Don’t act like a broke ass bitch.
I looked under the PPT Premium and only saw the $1/day; I didn’t realize there was a monthly option.
PPT has been completely accurate since ancient Roman times. If you don’t believe me, the picture up there proves it.
Thanks to everyone on this thread who have spoken kindly of my toys. I spend more time on it than anything else.
Oh dear, this line can be interpreted in so many ways…
To all of the Pikers (Skeptical and Otherwise):
Look, I’ve traded for a long time. I’ve known a lot of good “amateur” traders. I’ve known a lot of very good “amateur” investors. Guys that retired long before 47 1/2. I’ve always bought the best tools I could afford for my level of trading. I started trading while in college. I’ve survived every conceivable type of market since 1984. I’ve built systems with some of these traders. I’ve built up and blown up a number of trading accounts. I’ve constantly improved my skills, but nothing has compared to first finding iBankCoin (thanks to an exit survey at briefing.com), and now the PPT.
Today I was up over 4%. I’m up over 26% YTD. And best of all I’m now 50% cash and ready for whatever comes next. Yes, I still make mistakes. What’s new. I was reviewing this years trades today and I was amazed at the small number that were losers. Last year I was up over 82%. This year, even though the markets are much, much more difficult to trade, there’s no drama at Yogi’s desk, just banking coin.
So pikers, first figure out what you want from the markets. You will get it. Quit busting on the PPT. You bother me.
HERE HERE! Well fucking said Yogi
the problem today is not the lack of information but it overabundance. The fly’s PPT is an investment/trading tool. it helps you sift through financial information. lots of it. you need to do your homework. but also there’s a PPT community to cut to the chase. some have their own area of expertise. some of the members are real trader/investor ace with better knowledge of the market and trading experience then i’ll ever have. so to me, having access to them that’s a real gift. you get to appreciate that. hopefully that quality stay. working out the mathematics isn’t as hard as getting a quality community. IMHO, that’s the hardest.
people share trade ideas, actions. read comments. you do your own research then choose to follow or not. or you have a trade idea, first do your research, share and watch comments then act.
the hybrid score.. that’s all great and shit… but it’s only ONE financial indicator. a general broad good indicator… obviously, you can’t base all your investments/trades on that alone. anyway, investment isn’t and on/off switch. there’s a lot more to the ppt then the hybrid score.
join. win.
Understand that the PPT is linked to some sort of plutonium rich time machine.
Thanks Alphadawgg. I’m all about the time machine – just questioning the length of the ride. In all seriousness, I’m not trying to be an ass; if I seriously doubted the ROI I wouldn’t be lurking. My apologies for getting some of the cheerleaders’ panties in a wad . . .
Food for thought… Currently there is a rather tight correlation to market action prior to the 2008 crash.
From our buddy Karl.
http://market-ticker.org/
ROFL.
Tell him to go deepthroat an eigenvector.
“deepthroat an eigenvector”
I doubt if I’ve heard that phrase before. But an engineer, I’ll say that was well done.
Haha, I just caught that comment Hmmm. Very nice.
From my position, that was a horror flick.
Shocking headline for the day:
“Cops: N.J. Mom Blows .39 With 3 Kids In Car”
When I first scanned the headline I did not see the ‘.’ indicating this was a breathalyzer test. First thing that popped into my dirty mind was the scene from Clerks – “37 dicks? In a row????”
Hugh Hendry OWNING smug Columbia Professor Jeffery Sachs.
http://www.youtube.com/watch?v=nuysYXlJ43I
You have to give it to the Professor. Like Madoff, it’s only a solvency issue once people start wanting their money back.
Don’t worry, , be hoppy.
____________
Check out the bounce off the fib line:
http://lh4.ggpht.com/_9eP7xSIBbk4/S_9ToMwwZQI/AAAAAAAAZ8I/xV66a5VCOxo/s800/fib%20bounce.png
The game is rigged!
Lunar cycles also indicate a massive peak in the market sometime the second half of this year, followed by a precipitous, gargantuan descent.
No shiite.
Hi Alphadawgg –
Any place I can go to learn more about lunar cycles and this particular call (massive peak, gargantuan descent)? I am googling said topic at this moment, but being pointed in the right direction is always appreciated.
Hugh Hendry at his finest
http://www.youtube.com/watch?v=nuysYXlJ43I&feature=player_embedded
New Charts on IMAX and DVAX
http://henryfoolspicks.wordpress.com/2010/05/28/new-charts-on-imax-and-dvax/
FLY, where do you get these pictures? The one that is currently on the home page (the pipe-smoking, be-suited, guy watching his 1950s wife churn butter) is a particular favorite.
great photo.
Newsbot still broken today?
Fly, on the App update, if I go to Settings / Performance, and reshuffle the order of the blogs, then close and restart the app (as it says), my settings still don’t save. Also turning off the thumbnails doesn’t work either.
I concur.
Fly, any Krull videos for a boring Friday? I love that guy, can he become a regular blogger?
And Welcome back to AlphaD ! For the ppl who don’t ‘know’ him, when he talks, you should be listening.
I am still looking for that Paul Tudor Jones interview which he talked about his selling strategy, it wasn’t in his Market Wizard Interview, found book last night….
I had a link but I see it’s been taken down over a copyright dispute: http://www.youtube.com/watch?v=JwleW-6xhoI
When was the interview done? Are you talking about the PBS Special?
It didn’t come thru cuz of copywrite…but if it is when he was around 30ish, It may have it, I did watch it and maybe that is where he talked about it.
App for droid please??
YES app for Droid!
yes please
New charts on DVAX and IMAX– Both GREEN by the way
http://henryfoolspicks.wordpress.com/2010/05/28/new-charts-on-imax-and-dvax/
YEAH!!!!!! My newest article about what will be up next week just posted in the Peanut Gallery…and I FINALLY got a Picture to post with it….thanks TurdinPunchBowl for help.
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