Archive for the ‘ Funny ’ Category
During the last 2 months of the rally, one particular phenomenon became regular occurrence on every 10 pt pullback. Events known as FAZ Parties where hosted on every 10 - 20 ES futures point pullback…… the amount of “I TOLD YOU SO” , “GOOD THING I BOUGHT FAZ AT THE LOWS” , “TOLD YOU TO LOAD UP ON PUTS”, “SWEETT, LOADED up ON SP 500 PUTS at the HIGHS”, “THIS IS IT, SP 500!”, “STUPID BULLTARDS WILL FINALLY LEARN A LESSON” “SUCKERS RALLY IS FINALLY OVER” (suckers’ rally = rally you missed) on all financial blog comments, messageboards and stocktwits was reaching an absurd amount. Needless to say, followed by complete silence from the faz party camp as market for whatever reason continued to rip higher
Official Beverage of FAZ Party and sponsor, yours truly , FazPAIgNe bubbly:
FAZ parties were hosted without any significant technical breakdowns more often than I can indicate on this chart:
After reaching weekly R2, Montly R1, Novermber 2008 gap and overall running up quiet a bit, I think I am ready to pop a cork and take a sip of fazpaigne myself.
Will be stopping out at highs (954 entry), with this paticular retracement zone being key to defend for faz partiers:
Also watching close above January highs of 939.50 ES on the weekly charts, as that would be rather bullish for ES and would likely put me in faz partier hangover camp as well.
All jokes aside hopefully you are doing ok surviving this tape.
Cheers
Vlad
credit to: David for introduction of Fazpaigne beverage
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