iBankCoin
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.
Joined Nov 10, 2007
23,449 Blog Posts

Almost There

We are now down more than 3.4%, on the NAZZY, for the day. According to the laws dictated by The PPT, we are getting close to a near term bottom. My heart tells me we will sink, like a fucking Confederate submarine. But my brain is telling me to look for a bounce, soon.

When I say “soon,” I mean in a day or two. If forced by knife point to guess, I’d say we close at the lows, tank tomorrow morning, then firm up. It has been written; therefore, it shall be so.

One stock on my “to buy list” is FLS—always a good go to name on dips.

In the meantime, my accounts are up across the board, thanks to my VXX and 40% cash position. I am not up that much. However, I am faring much better than my competition and 100% deserving of your fucking silence. Remember when you dick suckers were giving my a hard time about buying VXX a few weeks ago?

Yeah, I didn’t think so.

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22 comments

  1. Flipper

    fig

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  2. jg

    FIG, DAMMIT

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  3. Bullish

    You da man!

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  4. Ix

    Been riding the ebb and flow VXX for the past 6 months, but my game vastly improved when I started coming here regularly.

    Thanks Fly & co.

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  5. Slaying Dragons
    Slaying Dragons

    Some say The Fly is actually the spawn child of Goldman Sachs quants and a warning that they have become self-aware. No human could be this smart.

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  6. duck you

    Sir VXX-a-lot has become one of my favorites since hanging around this fine establishment.

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  7. tradingnymph

    This is really a good point for PPT….market probably won’t attempt a rally until more color on NFP…sitting and chopping makes sense here.

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  8. Below Me WIlly

    Fly

    do you have to file a K-1 with VXX?

    i can not find a whole lot of tax consequences for it.

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  9. Purdy

    nah, additional breakdown failed. low’s in at ES 1036.25

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  10. Ta

    Just go to the beach and ignore this shit
    Come back at the end of August and you’ll have something tradable again

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  11. Artistic Analysis
    Artistic Analysis

    Anyone trust the 200 ma for CLF again? heh heh
    Take a shot at it?

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  12. TheArtist

    sink, like a fucking Confederate submarine

    ____

    classic.

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  13. YMula

    post the PPT CHART! GO GO! show these piker what the power of OB/OS can doo!

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    • Yogi & Boo Boo

      They should just buy a trial and find out for themselves. There is something to be said for commitment to this business. If you aren’t willing to do the work and invest in tools, learning, study, then you deserve the returns you obtain. End of rant.

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  14. koushuu

    Might be my dumbest move in a while but just traded all of my TLT for QLD.

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  15. A Monkey with VXX Out The Bum
    A Monkey with VXX Out The Bum

    “Remember when you dick suckers were giving my a hard time about buying VXX a few weeks ago?”

    No I don’t, I blindly followed you into the coin bank by loading up on VXX and TZA. Only I tried to buy a few cents cheaper than you. 😉 Fuck yeah babay!

    Not adding to your CIEN on this pullback?

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