I don’t mind giving you an insight into what The PPT is saying, every so often. As you could imagine, I try to preserve the secrecy of the algorithms for paying members as much as possible. Every so often, however, I permit myself the luxury of throwing you dogs a bone.
Since Friday, the system flagged an OVERBOUGHT signal, based on historical precedence. So you know, OB signals are less reliable than the OS, due to the nature of the upward trending market. Nevertheless, over the past 36 months, this level (3.25) of OB has resulted in the market trading down 64% of the time for an average decline of 0.6%. At a minimum, this signal should alert users to potential stoppage in the frenetic rally. More recently, the OB scores have a higher ceiling, near 3.30, and we are NOT overbought on the 3,6 and 12 month algos– just yet.
All that aside, the market faces significant headwinds during this years Jackson Hole meeting. Everyone was hoping for QE3; but I think it is an impossibility for the Fed to do anything with the Dow above 13,000. If Bernanke moves, commodities will skyrocket and stocks will surge. If the Fed sits tight and does nothing, stocks are going lower.
Earnings season has been a minefield for investors and many of you are without legs, wheeling yourselves around like retards in a basketball court.
ATTENTION DISABLED INVESTORS OF THWE WORLD: ease up on your wheels and park that chair in the blue zone. The high probability trade is over.
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Great line: “Earnings season has been a minefield for investors and many of you are without legs, wheeling yourselves around like retards in a basketball court.”
Personally, I am in a self-propelled wheel-barrow, trying to balance my legless frame without toppling full-over into the gutter.
Personally, we have been sucking dick since last year and can’t gain any traction! Hopefully there is some relief in sight!
Me too…was on a bit of a roll recently, but last weeks ridiculousness put that to an end.
thsssomebody say sucking dick? Can I get in on that? (no homo)
God bless you ~ if there are readers actually living life in a wheelchair
take bong hits
Vaporize.
Thanks for informed update Fly.
I closed out my weekly $TBT trade on Friday’s close. I advise the same for anyone who pressed, but hasn’t taken their chips off.
With respect to The Algo, a critical News Flash would be required to thresh this recent rally since the AUD, NZD AND (probably most importantly) EUR have only devalued US dollars.
In the final analysis, currencies dictate the markets, not the other way around.
The arm leads the hammer (no commie).
Dice Note: will the markets go down during British Olympics, following the heels of the month long I-Am-the-Queen-Parade?
I think not.
VHC, PCX etc. blew off a lot of people’s limbs lately. Even the Devil himself was not spared.
Land mine market.
Unbelievable.
Looks like a classic cock and ball pattern to me, but you you may find this interesting:
http://bespokeinvest.squarespace.com/thinkbig/2012/7/29/can-it-really-be-that-easy.html
On another note, the narration in Blade Runner theatrical release is balls squared.
I believe that looks more like the tits and ass pattern.
Wrongo, it’s no less than a camel toe formatin which can be highly liquid
I am so sick of all the Stupid Rumors for the last two days about how ECB is gong to do Everything…ah, they don’t have the power.
I haven’t been paying much attention to a lot of the bloggers on here, but I noticed that one MrHuang has taken over ibankcoin selling prada shoes.
breast and nipple formation. we look for the pare shaped with the point of brown ariola top. thats what im lookin for.
I am long buckets of creatine. Also to note The V. King has updated his blog…
I still have some extra creatine class action settlement coupons to commit to the V.Kingdom Treasury?
Mr. Fly ~ are you a buyer of LNN on today’s drop?
We don’t need no stinking QE3! QE2 looks pretty healthy for an 86 y/o.
Buying gold ahead of the Fed!