Thursday, November 08, 2007
Fly Flashback: Topping Patterns
However, from time to time, "The Fly" looks at a few, while eating crunchy dill pickles.
At any rate, back on 10/3, I warned you, and myself, of topping out formations--during the 7th week of a run.
DON'T TRY TO REFUTE THIS SHIT.
The data was derived from multiple "bubbly runs" in speculative sectors, like ethanol, internets, nanotech, etc.
The lesson to be learned: stick with your disciplines and try not to fall into the "this time may be different" fucktarded type of mentality.
Had I listened, I would have sold short Chinese stocks, instead of buying them--cupfucker style.
ok ... now you may return to your regularly scheduled programming
Gap - why does it worry you that Hat Fucker Doug Kass Faggot Ass, that worthless piece of dog shit is a loser, called a bottom today for the market and said a rally is in the works?
Do they have a bull FXI ? I'd rather be long that. You know double down on that everytime it pulls back 5-10%. Vegas style.
Me thinks the same treatment will be handed out to FXP. Currently its at $79.50 . I 'd say its below $30 in 12 months.
SKF 2X inverse is a hoot. It's a Financial sector and averages 100,000/perday but recently volume has gone up i.e. today it was over 3 million.
Rissen to his wolds or risdom, you sirry iriots!
STV and SDTH, CHL.
I can relate to the sell of some of the position in XFML - to balance the fucking Buffalo Wild Asses -- XFML should move to new highs post IPO into year end maybe even an investment by NBC in this deal? I will cover my short calls once big M(arket) can stabilize here.
New Positions: Short USO - Target $69, Long HOG - Target $53, Long AERO - Target $7
P.S. The game is not OVER yet!
Cheers --- sipping the Dalmore 100 year old...
He's no fripperist asshat, either.
So we'll see.
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