Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, July 22, 2009

oh

and the xlf is working on breaking it's bear flag.

17 comments:

Tony said...

"breaking the bear flag"? Is that the same thing as breaking down?

Eric said...

yes... Meaning you have a solid entry on a bear flag short the xlf

Eric said...

For the most part, if one said a Pattern was breaking down, I would say, the AScending Triangle from the morning "Broke down" this afternoon. Just as the "head and shoulders" broke down, last weak.

Meaning that the pattern Failed.

but, as a .... attempt to be specific, the head of the Head and shoulders had to be violated... so maybe that Head and shoulders didn't break down.

Tony said...

That's what I thought you meant. Just checking.

BTW, SPY pivot is 95.30, if it breaks below that, then S1 is 94.69... which is close to the h/s target.

Tony said...

XLE looks fugly, too.

Eric said...

should be just the start of the reversal, but Maria was a little nervous about the sell off... makes me think that as sentiment... it may not be a clean top.

Maria should be complacent and bob...

they were nervous..

never did mind about the little things

Eric said...

Where is my Cigar fucker!!!!!!

Tony said...

I've got a fatty in the humidor with your name on it, bud.

Tony said...

Bounced off the pivot 95.30. Damn.

I wish I knew what EW this is. If it's wave 4, then we've already completed the a-b-c and it could go up. What's Ralph Elliot's email address, do you know?

Eric said...

lol maybe I'll do some EWT for you tonight... I'm worked, on a cycling diet which means salads and tons of workouts... need to get to a decent cycling weight 180-lbs which aint easy in your late 30's

Eric said...

Fatty, sounds like gay porn... I was joking with T-lo about how fastmoney looked more like Gay porn than a Finance show.

Tony said...

Hilarious. Since it's been a while since I've updated my gay porn library, it's hard for me to judge, so I'll take your word for it.

If XLE and XLF close on their VWAP's, I'm personally flying to NY with your cigar to pants Terranova... talk about your gay porn.

This whole fucking game is fixed. Pardon me while I go back to reading globalsecurity.com.

Tony said...

I haven't seen 180 lbs since 1981, dude. Be careful.

What's this thing you call "salad"? Must only be west of the Mississippi.

Eric said...

I used to work in Theater, I have better Gaydar than anyone, since it was a tragic mistake to miss the signs. Nothing worse than working with someone and getting hit on. Which is a complement, and yet...

BUT NEVER IN MY LIFE HAVE I SEEN A MORE ATTRACTIVE GROUP OF MEN THAN ON FAST MONEY... NOT EVEN IN SOAP OPERAS!.

and that includes Melissa Lee... That is one handsome dude with that long hair, Like Bono!

Tony said...

lol. If I were gay, I'd go for that Herrera she-male. Hot.

Eric said...

LOL...

Morning Yogurt... Omelet if I'm lucky. Mostly Veggies and meat for dinner.

desparation brings out the TunaFish..

but I've never been so regular... Well since last time I was putting in the miles...

40 miles last night. I've probably put in 250 miles in the past week and a half.

Tony said...

Jesus... 250 miles?!!

Your ass must be harder than Guy Adami's. Watch out or Terranova will chip a tooth on it.

ALL-right this conversation has gone to a very bad place. I have to go walk my dog now (if you know what I mean.)

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc