This is getting redundant already. Pardon my emphatic demeanor. I am unable to cede my position, just so that Mother Market can swoop in and slice my balls off with her switchblade. You know damn well, if I sold VXX/TZA and bought XXV/TNA, I’d lose my limbs in the GREAT CRASH OF 2010.
At this point, I am just being stubborn, sustaining myself by eating my own liver. We are up about 9% in 9 days on the Nasdaq. For the love of dead dogs and infectious diseases, the market will bow to my demands, one way or another. Just know this, the longer it defies me the greater the pain will be for many of you later. Yes, it’s true, I am envious of not partaking in such low end gambits. However, I warm myself with the blood of those I have killed during previous mortal combat engagements.
I bought more VXX/TZA today, as it is my right to do so. Having sold the majority of my longs, for the first time since April, my bias is net short.
I fucking hate this market and want it to die in a pig-pen, filled with zombie goats, and umm, pigs.
Off to blow up a few Japanese eateries.
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WIG
OK… that wasn’t what I was expecting to see here… funny! But maybe only a demi, just out of respect to the magistrate?
http://www.youtube.com/watch?v=oHg5SJYRHA0
Shorts got TEA-BAGGED.
FD: I’m partially hedged with SDS and VXX. So I took a partial bag to the nose today.
FUCK OFF SON
I will now do so, good Blogfather.
I hate you, without emotion.
My bed is made. Tomorrow they may roast me alive.
This feels a lot like a 40 points per day market.
Look! Godzirra on the horizon! Look like Fly!
seriously, this market is such a bitch… can’t wait for the bloodshed to ensue
The perfect manipulation range.
Was able to pull 10 cents out of QID in 2 scalps today. Wanted to get more, but then Bernanke snuck up on me dressed as an unassuming butcher.
http://www.youtube.com/watch?v=WbFH0WIROPo#t=0m21s
Sitting tight until TNA hits 46 or 36 – either one… Preferably first 46 then 36…
Lets be honest….the market is 5 points from breaking through yuge resistance at 1130. Is there anyone at this point who thinks that is not going to happen?
This is a done deal. They will probably run it to 1150 and then face some resistance.
Fuckers.
How about this scenario
Jobs report is Bullish. Combined with yen intervention, that could give the dollar VERY strong support here.
That would be fairly damaging to EEM and XLB. They’d have serious trouble making further upside.
How about that shit doesn’t happen?
Agweed.
Not so fast … the trend is bullish but it is time for a contraction before we make the serious move higher. Here’s the OEW daily recap to put you at ease:
> We have labeled the SPX hourly chart (link below) as Minute wave one at SPX 1105, Minute wave ii at SPX 1091, Minute wave iii at SPX 1127 and Minute wave iv at SPX 1115 this morning. This suggests the market should make another high, at or above SPX 1127, to complete five Minute waves up from that 1041 low. These five waves should only complete Minor wave 1 of Intermediate wave three for this uptrend. Review Intermediate wave one on the hourly chart to get an idea of how the waves of this type of structure unfold. After this new high is hit we may get the largest pullback since this rally began. Thus far the largest pullback has only been 14 points. With the SPX now in the 1120’s the OEW pivot at 1090 again becomes the major focus for any pullbacks during the uptrend. <
It may go up or it may go down????????
We could test the 1090 pivot before an extended move up … we are just about done completing the 5 minor waves up in this leg and after a pullback (1090?) we will have 5 intermediate waves up followed by a pullback, then 5 major waves up …. get it?
not really, but we seem to agree.
I think the pullback we get is a la 7/16. in a word, bear trap.
but we’ll see.
crystal ballin’ (as oppose to regular ballin’) I say we pullback 30-50 points, then make a measured move to 1200 area.
That’s assuming we break this range, which according the the rule of three, we should.
can’t wait to find out though.
I’ll wait this casino gambling out until a trend is clear. Have fun playing with knives!
But it’s not playing with knives.
I’m not daytrading, for one,
just went long America weeks ago,
and caught the rally right from the get-go.
Trimming and taking profits as I go.
It hasn’t been that hard.
This market is determined to make EVERYONE lose. Similar to the team-killing griefer in your favourite FPS game, Mother Market runs about with sacks of live grenades with pins pulled, drenched in jet fuel and smoking Philip Morris, all the while delivering brass-knuckled punches to the scroti of unsuspecting teammates. The only ways to win are:
A.) DO NOT PLAY
B.) Have a plutonium-powered time machine and balls of depleted uranium
If you don’t have B, you’d best do A.
I’ve had some rough days but I kinda killed it today…namely oil service and tech…
Sure rub it in. All I need now is Jake to come here with his French bullshit.
rofl
Zut! Alors! Noel en Septembre??
________
Seriously?….Let me jump right over to your tab and buy your service.
Sarcasm has difficulty translating on these boards. But I think I get it…lol
Nope. You don’t.
Toot … Toot…
Everyone loves a gloater!
He earned it. Scott has been killing it since he came on board IBC.
this was an all-around good thread…thanks
I own a staffing/recruiting co and things really started to turn in the last two months. I think jobs report will be bullish
Excellent info…. now give some details. Which industries are hiring most etc.
Bullish on prostitution, suicide cleanup, and methadone clinic management hiring opportunities… ?
Don’t forget plasma sales.
And I don’t mean teevees.
_____
Let me guess… RHT
Robert Half is the devil.
Robert Half= For every dollar you make, we rob half
lol
Fly,
What made you decide to buy VXX and TZA today?
You were going to wait for signs of market weakness?
I know it’s cheaper when the market is green but….
Regardless of the close or what happens tomorrow Really Nice scalp off the lows with TZA and VXX today.
Never a bad idea to short at resistance even if you are wrong to me at least .
I’ll do it at every wide range top or bottom range long or short with tight stops say .22%-.50% above resistance or below support they don’t always hit but when they do it makes them all worth while .
Usually when around I Put on day trades too with em most the time and try to compensate stop price and entry price with fast trades at times works good most times and others not great lol , but keep losses small and admit I’m wrong quick then move on to the next one and so on and so forth . Would not recommend it to most people though this way .
Good luck to all with trades
hang in there fly they are just testing everyone’s patience. remember how long we spent down at 1040 this time around.
Flyaway
Because i felt out of my comfort zone. Therefore, i bet against myself
Master of psychology.
He has himself salivating at his own bells!
_______
WOW
The time is now:
Posted from Dr. Fly – Friday, August 27, 2010 at 2:13 am
“We are not drowning in a deep sea of vomit, no, not yet! As a matter of fact, rest assured, we are near the end of the recent market sell off and will soon spring board higher. Once this occurs, sentiment will change and people will become stupidly bullish again, just in time for my most appropriate departure from equities.”
Dr. Fly was 100 % correct!
he was 100% correct, before he became 100% wrong. This one is going to hurt. This market does not sell down anymore. 9% in 9 days begets another 9% in 9 days. Believe me, I wish he was right, but the longer this goes on, the more it is hurting. I am about to give up, which will be the time to short most likely.
today was a gift. I raised cash. It felt good.
short gold. job claims come in light, market rips and gold gets sold. claims come in weak, everything down (including gold)
Yeah, you do that, HR Puffinstuff.
Now go get yah shinebox.
_________
Big supporter of “BIG CRASH OF 2010” coming to a theater near you.
Gold never goes down
I second that…..
Really? How about gold went down only 19 years from 1980 to 1999?
yeah i closed my gold short today…only held it for 2 days. too many wackos involved.
I sold my US dollars today, too. Same reason — too many wackos involved.
Converted them all to yuan…
LOL.
One big time wacko involved, that’s “fer shure.”
_______
Or a greater fool!
I’m going to buy TZA and VXX, since your Disclaimer says ” If you buy the above stocks because of this post, your only son will become an avid Tea Party organizer.” Since the guy who pays tea party organizers is the CEO of the second largest privately held company by revenue in the United States, and the 3rd richest person in the U.S. after Gates and Buffett, my son would be then be able to support his parents in the fine style that they would like to become accustomed to. I know, it’s the Devil’s money , since the Tea Partiers don’t make any sense at all; they are pissed off but have no actual ideas, But with all the money we’ll be rollin’ in, maybe we’ll contribute to some political organization that actually has a few constructive ideas to solve national problems.
So George Soros backs MoveOn-dot-org. So what? Somebody’s grandfather worked with Stalin, so what? Bush’s Grandfather worked with Nazi’s– so what? Soros is a financial terrorist, willing to bring down the Bank of England or a poor country like Malaysia for financial gain.
I think it’s time to check your trash for recycling compliance.
Actually, it was Soros who worked for the Nazi’s — and yes, even though he’s a Jew.
Google it, no shit. 60 minutes even did a piece on it.
As for the no-brain numbnutz who thinks the Tea Party folks “have no ideas” you need a serious deep immersion civics lesson on the basic tenets of this country.
For one thing it’s not based on “Solving national problems” — it’s based on individuals being left alone and government being too small to bother them. I think you’ll find “national problems” are solved a shitload of a lot more efficiently that way.
______________
Screw all this guess work…….it may go up or it may go down?
The only thing that should matter is what does the PPT tell you to do…..!
The PPT told him to go short a week ago. What good did that do….
Right after the contrived rally is over, the market will head down. It all makes sense now.
Actually, the PPT went to overbought,
dropped and then went to overbought again this week.
Now it’s dropping again.
>>At this point, I am just being stubborn, sustaining myself by eating my own liver.<<
Look at the little megaphone pattern on the daily SPY chart. This market is done within a day or two, and it will go down a lot faster than it went up. The only reason it hasn't gone down already (and stayed down) is because everyone with a macro-analytical brain in his head knows that's exactly what it SHOULD do, and thus is positioned accordingly. Nevertheless, when the earnings disappointments arrive en masse (and they will), nothing will be able to hold up this market.
Good thing we have you to give us the heads up on those forthcoming negative earnings reports.
Cause, like, I was worried & shit.
________________
Watch out for Second Sumo Attack tonight….
Off topic but had to share – Just found out by accident that Schwarzenegger is following Woot.com (famous deal-a-day site) on twitter! http://twitter.com/StocksRider/status/24607693307
I don’t know what it’s more – funny or sad?
Aw, man, liver is just nasty, even with onions. Ok, chicken livers, fried, with lots of gravy on top, that’s not too bad. Gotta have some PBR with, though.
My own thoughts,
when the VIX nears 23
and continues up should be ok to short.
Close today was 22.10.
nice thoughts 🙂
Debt Summit is near…
The fuckery overseas with the Banks was a test model to rate impact of debt forgiveness/ restructuring…listen for “no big deal” meeting of Country heads disguised as some kind of environmental or group ‘think tank’ to assess over all condition of Trade agreements in general.
A Timer has been set to measure the Yen/ Japanese Market boost….A “Trillion more” was released to public as a gauge to measure negative impact as well and adjustments will be made.
A plan is in the works, the details will be hammered out inside that meeting place….trade deals will replace “we owe U’s”…preferred status…duties lifted…doors opened…barriers down… in lieu of…etc.
This will occur while most of you are holding shorts to the bottom…. (weekend most likely)
an announcement will be made World wide with Country heads standing side by side smiling like shit swallowing monkeys..
and like a thief in the night….*bloof* it was “on”
Will this be a Bildeberg meeting. Because if it is, Le Fly would be invited. And he would bring back pictures for us plebes to drool over.
Le Fly is bound by a non-disclosure agreement set fourth ages ago and binding throughout death…
However,
He is free to chuckle point and spit upon us
I remember being cuckold by VXX… I sympathize with the newbie
Cramer top alert:
“While “caution” may be the watch word in the executive suite, it’s still just a word. With such widespread buying in so many stocks, he said, the markets are signaling that this rally is for real.”
We’re going down starting from tomorrow.
Fly, what your cost basis for $TZA after today buy ?
To quote iwintrader a few days ago, VXX is officially a piece of shit
41.66. Just a guess.
Fly,
I enjoyed our talk today. More important it inspired te V.King to do 2 things. 1. Shoulder dumbell press 125lbs for 6 reps and 2. Well that my old friend that needs to be discused. I will be calling you on the Fly phone tomorrow … 10…10…10
Holy Flymobile!!!
There is a Flyphone in the Flycave!!!
FIG!!!
PPT WINS AGAIN!
V.King, you’d be proud… I’m in the gym throwing weights around.
Give me a good calf workout… Need to add some more muscle to the lower half of my legs.
Thanks in advance
I walked my 3 miles.
Sitting here eating buttered popcorn and watching the Rays beating the NY Tankees.
The Umps made the Rays get 4 outs on the Tankees but justice has now prevailed with a Rays HR,
There are 2 times to work on your calves a week
1. On Legs Day
SQUAT like your an oil derrick…GO HEAVY
Leg press next… GO SUPER HEAVY at the end of each press extend for calves
Do goodmornings at the end of your leg set…stretch
2. Every other day
You cannot over work forearms and calves
Do some cardio 30 min
Then put on some Kid Rock find a calve press machine and get to work
the key is to load up the weight and hold the peak of the press and decline…you must rip the muscle apart
10…10…10
Thanks, its chest day but wanted to add a second calf day. Good advice… Only thing I’m missing is the Kid Rock
Kid Rock
You must be kidding.
Wimp.
Not C.Crow/Kid Rock… wait a second …why don’t you go kill yourself…better yet kill everyone who is genetically related to you, then kill yourself…
http://www.youtube.com/watch?v=1OrNS2zbTZg
By the way …you know you are V.King(ing) it when this song helps you lift any domestic suv off the ground
Go take your steroids.
But leave the music alone since you know nothing about it.
I would think that he would want you to listen to Techno V King msic to increase his royalty payments.
http://www.youtube.com/watch?v=FwsntHcWiy4
That guy is a total homo
for those of you that are fans of the VIX, I present the following link: http://vixandmore.blogspot.com/2010/09/vix-futures-contango-soars.html
Great Link….notice the VXX was actually below it’s April all time low.
I’ve been looking for a pm and commodity pullback here for some days.
If this post doesn’t trigger it, then I’m losing my freaking touch — Drive by Gloating.
Hopefully, my boasting will cool that shit like William Macy, Monsier le Docteur-style.
__________