• “We live in a world of walls, and those walls need to be
guarded by men with charts. I have a greater responsibility then
you can possibly fathom. You have the luxury of not knowing what I
know: that the breakdown in the S&P 500 below 1,120 while
tragic, probably saved billions. And the charts of Crude, the Euro
and Emerging Markets, while grotesque and incomprehensible to you,
save jobs! We use words like “Support”, “Resistance”, “Fibonacci.”
We use these words as the backbone of a life spent defending
something. Fundamental analysts use them as a punchline! I have
both the time and the inclination to explain myself to investors
(see charts) who rise and sleep under the blanket of the very
freedom that I provide. I would rather you just said “Thank You”,
and traded our way. Did I order the Code Red on “Risky Assets?
You’re darn right I did! Do you understand these rights as I have
just read them to you? All you did was weaken a market today. You
put prices in danger. Sweet dreams, son.”
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Risk off
Posted by hazbin1 on 4th of Oct 2011 at 03:23 pm
• “We live in a world of walls, and those walls need to be guarded by men with charts. I have a greater responsibility then you can possibly fathom. You have the luxury of not knowing what I know: that the breakdown in the S&P 500 below 1,120 while tragic, probably saved billions. And the charts of Crude, the Euro and Emerging Markets, while grotesque and incomprehensible to you, save jobs! We use words like “Support”, “Resistance”, “Fibonacci.” We use these words as the backbone of a life spent defending something. Fundamental analysts use them as a punchline! I have both the time and the inclination to explain myself to investors (see charts) who rise and sleep under the blanket of the very freedom that I provide. I would rather you just said “Thank You”, and traded our way. Did I order the Code Red on “Risky Assets? You’re darn right I did! Do you understand these rights as I have just read them to you? All you did was weaken a market today. You put prices in danger. Sweet dreams, son.”