Today represented the largest percentage increase in OVERALL Hybrid Score in PPT history, with the score jumping 33.18% to 3.04. Of the previous 5 largest single day increases, only one time did the market trade higher; and that was the tepid rally of 1/4/2010.
Essentially, with the OVERALL Hybrid approaching OVERBOUGHT and previous percentage increases of this magnitude proving to be “un-fruitful” for investors, I think it’s fair to say “Get Your Popcorn Ready” and “WHERESMYFUCKINGROOTBEER?”
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Tim:
I know you had a rough fucking day today http://slopeofhope.com/2010/09/a-harrowing-session.html
However, I think my post will lend to some sort of fucked up comfort.
Wow. He’s got a lot of entries in the comment section.
There must be a lot of bears out there in the gen-pop, even more than I thought..
Gonna make for an interesting September…
It’s more like a Lonely Dorks Club, actually.
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LOL – That blog might be the funniest thing I ever read on the internets!
Are you freaking kidding me? I actually laughed out loud at the pathetic comments… only got 1/5 through them, far too many.
Someone get Tim a tissue…
Case in point;
“Tim,
It’s the first day of the month… The market always flies higher(majority of the time) It’s the new money coming into market in Mutal Funds purchases and 401K money.
Happens every month!
JBU”
Right … new money, provided by the GS bot collectors …… Bwaaaaahahaha!
You nailed
Biggest bunch of losers in one place, ANYWHERE
Thanks Fly. Nothing is going right. Last year was bad, this year is bad. I was leveraged going into today and lost a huge load. What to do?
TIme to roll out that third edition of the Timmah Knight, Nevah Miss Trading Manual, I’d say.
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Tim “Dope on a Rope” Knight already removed the stats on his performance, instead choosing to focus on the total number of comments by loser bearshitters. He’s barely worthy of the pathetic bloggers he supports.
ROFL
Tim’s big mistake is that he doesn’t subscribe to the PPT. He should.
surely this ties into a hindenburg omen.
UP WE GO!
I’m not fond of root beer.
Gonna have to disagree with you there FLY, I think we rally now for next couple weeks, course we may get some consolidation first.
One day wonder? I doubt it…
This Labor Day weekend while you are all cooking bacon cheeseburgers on the grill, CEOs around the globe are making plans of attack with cheap cash as their weapon.
If the first trading day is up over 2% in September, then the month closes up over 5% over the past 30 years.
Actually, I made that up. But you thought so for a moment it was true, no?
Real or not the value is the same. LOL
lol
I blew up my account today. I went into this session heavily margined (135%) short and my account exploded. Had a margin call and couldnt meet it. Last year was bad and this year is going to be another bad one for me. What is one stock that I can just throw all my money at and get it all back? FTK? Please, anyone tell me what to do…
Use stops, that what beginners do to stay solvent.
You are responding to a parody.
Stop doing that, it’s rhetorical.
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TIC literalism is a parody on parody, but has a much smaller half-life than the original, being derivative in nature of course
AIG
200%
Never go short at the end of a move near support.. you must wait for it to break first then wait for the pullback to enter. If you don’t want to play the bounce long then dont… I have learned the hard way, a few times. AND never never short when the PPT is in bounce mode.
The trick to the stock market is buy the dips and sell the rips…. seems easy as pie… but as you watch a move up or down… you cant help but jump in at the wrong time… your stupid greed clouds your judgment.. I have a bad habit of impulse trading its just pure gambling and I know it is wrong, but so is smoking crack and driving a school bus, people do it… but its hard to stop… I have sworn off it for now,
Plan your attack, pick your points… there are obvious choices on the chart to enter and exit days or weeks out in the future. that’s why Fly takes fucking walks.. if you watch every tick of the screen you will fuck up……it is set up to sucker you in and take all your money.
Look smart traders had the orders set to buy SPY at 1030 and have the sell orders set in at 1/3 at the ma20 1/3 at ma50 and the rest at 1099 and then go short at 1099. they were out playing golf or floating in their yachts laughing at you.. they know better than to watch the ticks…..
Alot of folks got suckered in the last 2 days even pros like Fly we doubting and scratching… so dont feel 2 bad. I took a short trade but it was no ware near the bet the farm type of chart.. we had a chance. if the news went the other way, but the chart said it was high risk so I lost a small amount.
OH just kidding…..
You know I like my chicken fried…cold beer on a Friday night,
a pair of jeans that fit just right, and the radio uuuup.
Love Zac Brown Band.
You know I like my chicken fried
Cold beer on a Friday night
A pair of jeans that fit just right
And the radio up
I like to see the sunrise
see the love in my woman’s eyes
feel the touch of a precious child
know a mother’s love.
Well I was raised up beneath the shade of a Georgia pine
And that`s home you know
Sweet tea pecan pie and homemade wine
Where the peaches grow
In my house it`s not much to talk about
But it`s filled with love that`s grown in southern ground
And a little bit of chicken fried
Fried chicken will kill you.
fried chicken kills
I will be out of most my shares and options this week.
carzy taste I like, eat too much no a gooda….
FYI- ENGINEERS ARE RETARDED
http://www.youtube.com/watch?v=C5d151lqJsA&feature=related
He was speaking Frankly.
Yes. And he is correct.
I’m an engineer and this ass is full of shit. Any engineer with half a brain can solve the basic problems he mentioned. He must of been mixing up engineering with management (damagers).
Anyways, I only require about 5% of my brain to solve his child-like puzzles, the rest is spent trying to reverse engineer the Fly’s crystal ball.
My reference to Frankly was Barney Frankly. I’m sure it was a blockheaded management push to cut corners to make things smaller and place the magnet next to the drive. The engineers probably said no. Same with BP’s horrendously criminal, and I say deliberate, corner cutting.
It’s always amusing to see someone attempt a suit and tie in Miami for any extended period of time.
I know when the banner is going to change.
the PPT is only 100% for buying dips it was wrong for the July 2009 and March 2010 melt-ups… Fed money printing can overwhelm PPT or any other top picker indicators. Ben Bernanke will never allow a bear market again in our lifetimes.
Naturally, you have no idea what you speak of. Those are simply anomalies, similar to the few times you reached first base safely in little league.
Overall, The PPT has nailed both tops and bottoms better than anything you have ever seen. Do not dare to sully it in front of these fine people
Good day.
Now boys, boys, let’s not fuss and fight….
Why not let Christina Hendricks settle it for us?
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LOL! “Anomolies, like the few times you reached first base safely in little league…”
So this day was jacked up the PPT to a point of selling and taking profits now?
Dear engineer
That man in the vid you sully is a great man and a fucking genius. He invented quicktime and itunes. In other words, his word triumphs yours.
Good day
The guy may be sharp but I wouldn’t call him a genius. Believe it or not it’s just sometimes about being in the right place at the right time and having some smarts to resolve a particular problem at hand. My work has gone into nearly a billion devices world-wide but I wouldn’t call myself a genius, I’m just one engineer who has been given the resources to create something new or to solve a particular problem at hand.
What really makes one’s work stand out is if there is a marketing genius behind it. In this case the title of genius should go out to Steve Jobs.
I hope you got equity.
Engineers’ greatest failure, jmho.
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Yes cuban b!
Hey guys, I just wanted to come on here and say I quit. I cant take this anymore. I’ve lost all of my gains and then some this year. I cant do this anymore.
Notice the market really did all the heavy lifting around that lame POMO time of 10-11 am and then stayed sideways for the rest of the day. On my Advance -Decline Volume Resistance, we hit the very top and just a slight over into the close, just like we did on Monday………..so like a total surprise, imho, lol…we could rest a small bit, but we are going back down.
Is that based on CH crystal balls or you watching the futures … typical consolidation after +250 pts, no?
Actually Tea, 7 trading days ago I hand drew a series of GANN Angles off of a Advance-decline Osc and it has been moving in the 1×1 angle since then, bouncing off the top on Monday, off the bottom on Tuesday, 1/3 up on Wednesday and all the way up on Thursday….we needed a Advance – Decline Volume of 975,000,000 to hit it and we closed with a Advance -Decline volume on NYSE of 1,098,000,000…..last night I didn’t think we had the firepower to do this but as I posted in my Trading Diary late, late last night there was POMO that I didn’t really know about much happening Thursday…that is why I went long FAZ into the close, plus cuz Ben B will be testifying tomorrow…btw, futures are meaningless at this point cuz ECB meeting is coming up.
Good Luck with that, Nymph. I am looking to get short, but won’t touch it with the momentum we have right now.
I am with FIG.
FAS and FAZ and all of the other crazy 3X (and 2X) etfs are strictly for daytrading IMO.
Holding period should be from 1 minute to 1 hour.
But then again the last time I pretty much held something overnight (with an occasional SMH exception) was when ETOY,SUNW,DITC, were on fire (1999-2000).
Bullish sentiment is at a very low point, market likes a deadlocked DC (and it hasn’t discounted the Repubs taking over Congress), and cash holdings by Cos. are extremely high.
If you hold FAS/FAZ watch the yield curve- it usually has implications for Banks margins.
Just another day in the land of coin.
I would just like to say, thanks to the PPT, my account ended yesterday at all time highs…..at least, SINCE the great crude oil futures debacle of May 2010. It will take me many moons to reach back to those wuthering heights. Nevertheless, since that point, its been steady eddy progress mostly due to swing trading the PPT hybrid.
Four months left…maybe I will get on a real tear and get back to where I was in april.
I lied all along. I was/am a loser!
Long SMH/short XLF kind of day?
In and out SMH twice for a fair gain already.
Waiting for a DJIA hit and may buy SMH long again if it meets my stuff (technical language).
Otherwise will go in pool and see if Yankees (Go Rays) game is on MLB later this PM.
No idea why I posted this because nobody cares (I sure don’t).
Guess I am bored.