As you can see, during this big run up, The PPT never really flagged a high score. The highest we got was 3.09. However, during the entire run, none of the inverse ETF’s were flagged OVERSOLD, until today.
For the first time in PPT history, many of the inverses are flagging OVERSOLD, namely TWM, FAZ, SSG, BGZ, MZZ etc.
Food for thought.
If you enjoy the content at iBankCoin, please follow us on Twitter
Yeah Baby!
who caers who is first
What, you don’t caer?? Don’t you realize that The Fly gives $50,000 to the first poster in every thread!!! Its like a NASCAR race without all the noise.
yea,you mean ya just get to buy more vxx to rub on your balls
The dip will be bought very soon. 70 down next day up 200.
Even a zombie can say that Bubo.
But is the truth until it is not.
Damn, maybe the fun will end.
Oh the fun is just getting started. Consider yesterday’s tech action and today as warning shots across the bow. We can still go higher for a little bit, but this rally is just about ready to stall out.
hopefully we get a decent dip….I want a low risk entry
just buy the dip at 22
Pulled the UCO hedge off the FAZ today, still not convinced, but ready for capitulation….sold UCO at 10.96
Big question: If the Fed gets a heads up on tomorrows unemployment numbers and they are not good, wouldn’t they be likely to “release the Kraken” (QE2)?
already priced in
I thought you changed the rule on overbought after tweeking the algorithm to 2.95 being the new 3.1. Let’s not change the goal posts on overbought signals, the tool still is undefeated in oversold. Since you and Jeremy are the only souls that know how it is calculated, and stated we were overbought we will listen to you on what constitutes overbought or oversold. If you are now reconsidering based upon the last six weeks, I understand and it is great that we have objective numbers to make our own assessment. As far as a risk assessment based on the spectrum of cheap versus expensive, it is still a great indicator even if it is not 100%.
expect another down day tomorrow to give the bears some room to wear their robes will be back in the 60s in no time next week
God speed you black FAZmobile!
I think all rules are out the window. PPT, Time Machine, Bearded Clam, Mr. Tropicana, etc…
this Market is a sex crazed hooker that’s fucking everyone in its sight. Bulls, Bears and Castrates alike.
lol, touche ! Exactly ! Just make sure you are not on the wrong side of the trade for that particular day or week. Or month, dare say I?
Doffing his burlap cape he exclaimed “to the FAZmobile!!” Oil & Gold are getting a nice beatdown today (iff it holds). Though I doubt much happens till the employment # friday.
Unemployment # on Friday is going to be as expected. A very Cooked, manipulated, Bizarrely POSITIVE number.
That gets revised negatively for the next two months and nobody notices.
Get back to your stations and short some oil….
No no. Remember a week or so ago when I said to short natural gas via HND? Oil will only go down if China stops stock-piling. Which it won’t.
Market going nowhere. Tight ranges until 8:30 AM tomorrow.
GET DRUNK n’ BUY STOCKS
Fuck Yeah!
I booked profit on TZA near HOD. It paid for lunch. Looking to reload soon. Swing trades wear me out.