A far better job for our STONK market short-seller extraordinaire name Vicente ........... Vicente quit his bs job of shorting the stonk market and decided to pull fast ones on Bank Managers. So he disguised himself as a beautiful woman and called himself Vincenza. The project was to nail the bank manager of Chase Manhattan Bank for a net profit of 50k in under a total of 20 minutes real time talking one-on-one He walks into chase Manhattan Bank She (Vincenza) was carrying a large bag full of money. She insisted on speaking with the bank manager to open a savings account because, “It’s a lot of money.” After a great deal of negotiating, the bank staff decided to humor her and finally ushered her into the manager’s office. The bank manager asked her how much she would like to deposit. To his astonishment she replied, “$150,000!” and dumped the cash out of her bag on to his desk. The manager was curious as to how she came by all this cash, so he asked her, “Madam, it is a little unusual for someone to be carrying so much cash around. Where did you get this money?” Vincenza replied, “Gambling.” The manager then asked, “Gambling? What kind of gambling?” Vincenza said, “Well, for example, I’ll bet you $50,000 that your testicles are square.” “Ahem!” coughed the bank manager, “If you don’t mind me saying so, that’s a rather silly bet. You can never win that kind of bet.” Vincenza challenged him, “So, would you like to take my bet?” “If you insist,” said the bank manager. “I’ll be very happy to bet $50,000 that my testicles are not square!” Vincenza said, “Okay, but since there is a lot of money involved, may I bring my lawyer with me tomorrow morning at 10 a.m. as a witness?” “Certainly,” replied the bank manager. That evening after work the bank manager started to have second thoughts about the bet and spent ages in front of a mirror checking his balls, turning from side to side until he was sure there was absolutely no way his balls were square and that he would win the bet. The next morning, at precisely 10 a.m., Vincenza appeared with her lawyer at the bank manager’s office. She introduced the lawyer to the head of the bank and repeated the bet: “$50,000 says the bank manager’s balls are square!” The banker agreed with the bet again and Vincenza asked him to drop his pants so they could all see. Vincenza peered closely at his balls and then asked if she could feel them. “Well, if you must,” said the bank manager, “$50,000 is a lot of money so you are entitled to be absolutely certain.” Just then, he (bank manager) noticed that the lawyer was quietly banging his head against the wall. The bank manager said to Vincenza, “What’s wrong with him?” Vincenza replied, "nothing except that I bet him $150,000 that at 10:00 AM today I would have the Bank Manager's balls in my hand"
You have been on this forum for 2 months according to your profile. But...What is this "I've been at ET for a few years" thingy? Now you admit you are a previously banned poster? Something is not adding up.
I already told you this ... https://www.elitetrader.com/et/threads/selling-puts-to-enter.368965/page-3#post-5653085 twice https://www.elitetrader.com/et/threads/ban-jack-morgan-pls.369333/#post-5664926 Here is his admission. https://www.elitetrader.com/et/thre...me-began-nov-2021.368377/page-39#post-5645853
Here's the Speculators' positions vs the Commercial Hedgers positions ....... new data comes out on Friday but this Friday might not be reliable due to holidays ....... All Speculators large and small which includes small traders and ET traders were buying up a storm during the crash of SPX from January to June 2022. The opposing force, namely the commercial Hedgers were correctly Short, short, short. Then these same guys, the Speculators started selling the bear rally from June 16 to aug 16 while the commercial Hedgers correctly Long-ed the move. Then these same speculators went short the new crash from Aug 16 to today in increasing intensity until a slight let up a week ago while the commercial Hedgers have been LONG SPX and building up positions. Therefore for the charm of the commercial Hedgers to to work once again today this week and the next, SPX has to put on a whopper of a rally That's why I'm calling it testing, testing, testing 1,2,3 ........................ Check out the data for yourselves wherever you can get it. I'm not completely happy with the data from investing.com and elsewhere its sketchy. I will have to find better sources check out the freefall statement by Nitrene right when the commercial Hedgers are loading up Long I'm personally wary of such statements when the Hedgers are in the opposite direction. Who knows! Maybe this time is an exception? I don't know. all I know is that my alternative SPX or Dow or QQQ wave count is nicely aligned with the commercial Hedgers. But hey, its just too goddamn difficult to process all this stuff. Is the Bear market that began January 2022 over?
Be wary of definitive type statement about market direction. Nitrene has been added to Overnight and vanzandt as contrarian sign-posts. Testing, testing, testing 1,2,3
Always open for better resources, this is my current goto; https://www.barchart.com/futures/commitment-of-traders
Hey guys, I was settling down to watch a movie and then realized I had better post this too. There are WAVE haters in overabundance at ET probably because they got burned badly in the past. But for those of you who do not have the hate, pls hear me out ............ and remember that this whole thing with the commercial hedgers vs speculators is all a giant WHAT IF? ....... until we are satisfied that we have sorted it out amongst ourselves. So here it is ............... Nitrene and ET are now feverishly getting into shorting the SPX as of yesterday, I mean Nitrene has called it FREE FALL. That says a whole heck of a lot. But she is just one person. But I have noticed that the heart of ET has switched from LONG to Short of this current SPX crash so therefore they are with the program seemingly. But the commercial Hedgers are LONG and have been building positions for all of august. The COT data does not come out till Friday but this Friday might be a screwball due to holidays .... How could I, a mere mortal digest and interpret the fact that the Commercial Hedgers are heavily LONG SPX when everyone here is short and expecting big, big, big continued crash? Well, as you know I am a WAVE-er, so I go by Waves. And in my arsenal of Waves there is one particular Wave called a WAVE (B) which is a phoney, a reprobate,wave, a trecherous devil of a wave in that it has all the markings of a motive and full powered real wave but is in fact a dud wave tht entices and traps the unwary. The starts Wave C) up and kills all these poor traders who were only trying to make a buck - no crime. So if indeed the commercial Hedgers are correct and SPX is therefore going to blast northbound soon, tomorrow or Friday or next week but soon, then this downwave crash from august 16/2022 must be that (B) wave, the phoney wave to trap us. If this is true then a gigantic (C) wave up will start soon and shoot up north to test the August 16th high and end in its vicinity. That would complete the entire BEAR rally that started June 16. This (C) Wave would catch everyone off guard except for the commercial Hedgers. I don't know if I'm making any sense, possibly incoherent but I just had to put it down to at least warn others of this possibility I might be totally off my rocker but hey I go with what I know. Humiliation don't scare me none. I've taken a pasting before and lived. God help us if the Commercial Hedgers are CORRECT this time too. It will be a massacre for the general retail trader gang, an outright slotter of innocents So I will post the verysame chart I posted days ago as my alternate assessment for why the bear rally might surprise us with another leg up to the Aug 16 top Posted many times already ..................
There is a guy in Australia who has all sorts of DATA. I've been out of touch but maybe its time to contact him again. And right up my alley its all Metastock Data.
ah ha...i knew it...no wonder i got a reason to put him on my ignore list. i see some of his post about his "waves" and alot of mumbo jumbo. he remind me of my work colleague and thinks he can follow "news" and what other ppl said. my colleague is in investor heads, care about dividends, average down on loser and buy the dip kinda of guy. he told me he is gonna buy the dip on stonks like aapl, cat, and wing etc last week when spy drop like a rock. i asked him to prove it. he shut his mouth. once u ask these imposter to back up what they are saying, they become quiet as a mouse.