This is an internal document, from ChessnWine, sent over to my desk. I am revealing it to you now, so that you might behold the upside surprise, prior to the opening of trade tomorrow. You’re welcome.
Executive Order 12631— Trading Group on Financial Markets
Source: The provisions of The PPT order 12631 of November 12, 2010 (3rd year anniversary of iBC), appear at ppt.ibankcoin.com, unless otherwise noted.
By virtue of the authority vested in “The Fly” by himself as Founder, CEO, and BlogFather of iBankCoin.com and The PPT, and in order to establish a Trading Group on Financial Markets, it is hereby ordered as follows:
Section 1: Establishment. (a) There is hereby established a trading group on financial markets (trading group) The trading group shall be composed of
(1) The Bilderberg Group
(2) chessNwine
(3) RaginCajun
(b) The Illuminati, or his designee, shall be the chairman of the working group.
Sec. 2 Purpose of functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of The PPT, the Trading Group shall identify and consider:
(1) Timely stock market commentary on intra-day, daily, and weekly time frames.
(2) Actionable trading ideas in real time, supported by focused and cogent analysis.
(3) Extrapolating on The PPT “screens” to find the very best trading setups based on the algorithms sublime harmony of mathematical precision.
(a) The Trading Group shall consult, as appropriate, with RW Pelican, representative of “The Fly,” to determine security solutions whenever possible.
(b) The Trading Group shall report to “The Fly” initially within 60 days (and periodically thereafter) on its progress and, if appropriate, will receive slaps to the face with hot slices of pizza.
Sec. 3 Administration. (a) The heads of the Executive departments, agencies, and independent instrumentalists shall, to the extent permitted by law, provide the Trading Group such information as it may require for the purpose of carrying out this order.
(b) Members of this Trading Group shall already be subscribers to The PPT, before having access to a Trading Group membership.
Membership has its privledges!
For an additional fee of course, all within the parameters of logic and reason.
You have selected an elite group. More successes in the future.
They are my best.
Well done! Huzzah!
Indeud. Sign me up.
Nice…
The Fly does not eat hot slices of pizza, only warm (not hot) slices hand delivered by his trader/servant.
Hey, what about me? I can pik [sic] stocks with the best of them.
Even the Trannies want to take the train Southbound from New York!
Ask the Good Doctor!
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Great idea and great choices in CnW and RC
Interview with Vincent Reinhart in Barron’s this weekend …
He says the Fed has to announce how much it will spend on asset purchases each period between qtrly FOMC meetings. He speculates that $80-100 billion in securities each qtr sounds about right. Secondly, these purchases should be linked to the Fed’s mandate relative the the FOMC’s outlook for inflation and employment so that purchases can be suspended or increased as needed. By doing so assures the market that hyperinflation may be avoided as purchases will be suspended once their inflation expectations are met or exceeded and indeed bonds will actually be sold at that point.
Did someone ever guess correctly who the guy with the pipe is? Or did everyone just give up guessing?
richard dreyfus’s grandpa.
His name is Art.
Clippe Art.
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OEW projections/time frames for the remainder of this bull market:
http://caldaro.wordpress.com/2010/09/26/spx-bull-market-projection/
1313 Jan 2011 1187 Feb 2011 (9% correction)
1440 May 2011 1313 Jun 2011 (9% correction)
1552 Sept 2011 1291 Dec 2011 (17% correction)
1576 Feb 2012 end of bull market
OEW Medium Term Update:
“Since this uptrend is a Major wave it should subdivide into five Intermediate waves. Intermediate wave one concluded at SPX 1129 in early August. Intermediate wave two ended in late August at SPX 1040. Intermediate wave three is currently underway. The three rising Intermediate waves, during this uptrend, should subdivide into five Minor waves. We observed this wave structure during Intermediate wave one, and we are now observing it again in Intermediate wave three. Minor wave 1 ended at SPX 1149 in mid-September, Minor wave 2 hit SPX 1123 shortly thereafter, and Minor wave 3 may have just ended at the recent SPX 1184 uptrend high. The next few days of market activity should help to confirm that event.
When Intermediate wave three concludes, estimated near the OEW 1222 pivot, Intermediate wave four should provide the biggest pullback since late August. Then we are expecting Intermediate wave five to continue the uptrend into early 2011 and potentially nearing the OEW 1313 pivot. This would make this uptrend similar to the Major wave 3 uptrend in time and in price. These price levels and the time factor are, naturally, just guidelines.”
SHORT TERM
“Support for the SPX is at 1176 and then 1168, with resistance at 1187 and then 1222. Short term momentum ended the week coming off of a slightly oversold condition and is now rising past neutral. It is possible that Friday’s retest of the SPX 1167 low ended Minor wave 4. This pullback was 17 points (1184-1167) and the short term OEW charts moved to slightly positive during the rest of the trading day on Friday. Minor wave 2 pulled back from SPX 1149 to 1123 (26 points) in mid-September – so they are similar.
Overhead resistance is at the 1187 pivot, and then the bull market high pivot at 1222. Support remains at the OEW 1168 pivot and then around the SPX 1150 area, (OEW 1146 pivot). A breakdown below the 1146 pivot would make the current short term count questionable. Also, a breakdown below the 1136 pivot would put the entire uptrend count in jeopardy. On the upside, once the market clears the OEW 1187 pivot there should be little resistance, except for a pause at 1200, up to the OEW 1222 pivot. “
Please get that EW voodoo out of here and learn to trade.
This is ibankcoin, not xtrender, evilspeculator, slope of hope, or other third rated service.
I’ll bet you thought we were selling off today based on the overnight futes and look what happened … as predicted above, the 1167 retest on Friday was the low for minor wave 4 and today we start the final wave (minor5) to 1120 for this move up.
Let’s see if we top out at 1220 and get that Intermediate Wave4 selloff …
If we do then you can suck my cock like a cheap whore.
If not I will stop posting OEW here just to please you Sir … let the games begin!
correction > 1220 not 1120
Can you please wake me up when this silly thing finally rolls…….we are now clearly below the eur/usd Sept trendline…..getting so bored waiting.
Waiting is for losers. Decisions must be made regardless of currency exchange rates. Otherwise, those looking in from the outside can only hope the procrastinator does not live in a basement with no floor.
hey fly,
i wondered whats your opinion about the weekly contrarian cot index ?
is it any good?
thanks
No offense to Le Fly here. But, due to his absurd success in the past 12-16 months, this site has attracted the attention of a lot of basement traders. For that reason, the sentiment on this board provides an excellent contrarian indicator for me. With so many people clamoring for a correction, Le Fly’s busboy here will be buying on dips today.
Scott The Radio Guy is waging a media war against “Our friends on TV”. Kinda “Radio killed the radio star” in reverse. Lol.
I am wondering if Scott grew that luxuriant Emiliano Zappata moustache in direct challenge to anyone daring to punch it off?
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Everything old is new again. And look Gov’t sponsored eugenics is back, too!
Oh frappjous day! How much farther behind are the ovens?
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