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ZiggyMarley: Since your attacks seem to be condoned on the thread, I'll not continue this, as I just don't find you worth the effort...
LG
Burk: Non of my bottom calls during this decline were for “the” bottom, but were for tradeable bottoms and I made that clear.
Anyone that wants to check out my recent record can go to my newest website and take a look for themselves. Just go to... http://thechartologist.com/ ...and click on “Market Analysis”.
And this was my latest tradeable bottom call on my new iHub thread...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33709579
If anyone is interested in my updates, be sure to add your email address to the email list on the website. I”ll be doing an update soon.
Beginning in late September 2007 I warned that a major top was nearing and would be followed by a significant decline. For those of you interested in verifying, just go to ajtj’s Market Pulse thread and scroll back to Sept and Oct 2007 and look for my posts containg “Ely’s Coming”...gg
http://investorshub.advfn.com/boards/board.aspx?board_id=1613
BURK NOW LET’S TAKE A LOOK AT HOW YOU CALLED THIS BEAR MARKET...(folks be sure to pull up a daily chart of the S&P 500 to refer to as you read Burk's calls)...
Friday, January 11, 2008 1:51:38 AM
I don't believe this is the start of a bear market...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25906860
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25914607
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25949763
Thursday, June 26, 2008 2:02:33 AM
We'll see if my prediction of a bottom in the 1300-1325 are holds up..the MACD crossed back down on the VIX today..and thre's bullish hammers on the SPX and NDX..
I'm long and strong once again...
It's looking goooooood.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30284280
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30343941
Tuesday, July 01, 2008 12:51:14 AM
I'll provide more technical reasons later as I'm travelling, but for the record I'm now leveraged long since 1325 spx...and I'll check back first quarter of 09 and Teaparty can tell me how I did... ;)
For the record, remember T and AJ are superbears at this point...just a fact..not bashing here, Matt...
I'm expecting a huge run from "in this area" to the end of the year and into first quarter of 09...
I would not want to be short here....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30393080
Wednesday, July 16, 2008 5:13:48 PM
The "bear" is done....possibly one more low, but I doubt it...
The shorts are about to get burned...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30753695
Wednesday, September 10, 2008 12:57:30 PM
I've been trading around them recently. I have holdings I trade and holdings that are more intermediate term in nature. For the longer term, I'm bullish from this level...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32067530
Monday, September 22, 2008 4:50:35 PM
The bear is over.
Put a fork in it.
Long bull in progress.
Now is the time to get long, not at 1450.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32345474
BURK YOU’VE BEEN WRONG ALL THE WAY DOWN. IF YOU EVER HAD ANY MONEY IN THE MARKET YOU LOST IT A LONG TIME AGO, AS YOU SEEM TO ALWAYS BE ON THE WRONG SIDE OF THE MOVES. MAYBE THAT IS WHY YOU ARE SO JEALOUS OF THOSE THAT GET IT RIGHT.
BEFORE YOU START ATTACKING FOLKS YOU SHOULD REMEMBER THE OLD ADDAGE... ”PEOPLE LIVING IN GLASS HOUSES SHOULD NOT THROW STONES”.
LG
Burk: Life must be a bitch being you. I see your bookmarked tally has increased some. I guess you created a few more aliases.
Most everyone that has come into contact with you on the investment message boards, knows you are clueless. So, you take your frustrations out with jealous rants. Maybe a good solution for you, other than increasing your medication, would be to find a job that fits your personality.
Cleaning septic tanks seem appropriate...
LG
ZiggyMarley: Look in the mirror piss ant, if you want to see an ankle biter. Or better yet, just read through your own posts. Now that should really provide you with a chuckle...
LG
ZiggyMarley123: If you want to insult me, post the insult to me. Now if you want politics go to a board for politics.
And if I were to do something to one's ankle, I would do nothing less than to break it...
LG
sly: Stop posting your partisan bull shit...
Come on ajtj...
LG
michael: Well ajtj is letting the politics slide back on to his thread. We voted and the vast majority said they did not want it.
Come on ajtj, be aggressive...
LG
syhlvester80: No politics on this thread. What about that don't you get?
LG
hiker: Less downside risk. When a stock is selling for $8, it can only drop to zero, not below. So you might lose eight bucks. Your friends, the ones who own the $50 stocks, can lose a whole lot more than that.
That statement is just wrong...
100K invested in a fifty dollar stock that goes to zero amounts to the same loss as 100K invested in an eight dollar stock that goes to zero.
LG
pstuartb: Well some of us just put our work out there to share and don't taunt others via pmail for a missed call while bragging about our own cycle work, even though it is wrong far more often than right.
Since my days on Silicon Investor, I've included this...
Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Never base any investment decision solely on any one person's views or analysis, especially an anonymous message board poster such as myself. Do your own research and take responsibility for your own investment decisions. And, always use stop loss points.
LG
ajtj: Amen...
LG
hunkerdown: IMO, GS and JPM both will continue their bad boy ways, however they will be giving up leverage as they morph in an effort to get in on the tax payers dollars gravy train.
IMO the idiot running our Government have done nothing and will do very little to punish those that brought about this financial debacle or put proper regulatory measure in place to prevent it from happening again.
Without pointing out a specific party, our Government is the primarily responsible for this financial crisis and God knows they are not going to punish themselves.
The United States is plagued with idiocy among our leadership, a big reason for the downfall of the Roman Empire. Of course our citizenry elects the idiots. So, the ultimate responsibility falls on the shoulders of those electing the idiots.
LG
Have a great Thanksgiving everyone.
We celebrate Thanksgiving because of capitalism...
http://www.aier.org/research/commentaries/819-the-real-meaning-of-thanksgiving-the-triumph-of-capitalism-over-collectivism
LG
MONGO: Admin Dan, a little assistance please. We need help getting the lid back on the septic tank...
LG
Patrick Bateman: I see someone took the lid off the septic tank...
LG
ajtj: I don't understand that, given Tea's behavior and he wasn't banned. And I TOS'd the offensive posts.
But then again, iHub management dislikes me because I've been outspoken in pointing out their warts...gg
LG
ajtj: What are "they" going to do when commercial real estate begins to default in numbers and possibly prime as well?
LG
ajtj: Well I am watching the SPY 60min all sessions chart and the declining resistance line from the 11/04 high. Given the over bought condition of my regular hour SPY models, I still suspect we get a pullback today, just from a higher level than what looked to be the case yesterday into the close.
It is going to be interesting to see if "they" can gap over the resistance built up by the buying of the 10/10 low and the consolidation that followed.
LG
ajtj: Looks like what's left of the boyz is going to try and gap the market over the resistance built up from the consolidation that followed the 10/10 lows.
LG
ajtj: Doing my pre market open work this morning, but I'll comment...gg
Obama is going to use the coming 500 to 700 trillion stimulus package to get all his programs done.
7.7 plus another 7 and the Congress and Federal Reserve will be close to doubling the national debt in one year. I guess some how Bush will get blamed for that as well. That is why it is imperative to get all the bailout and stimulus money passed and obligated this year.
What a country...
Frankly, it depresses me. Those of us that pay our nation’s bills and live fiscally responsible, keep getting stuck bailing out the irresponsible over and over again. Most folks work for small business, small enough to fail. So, the Government does not step in with taxpayer dollars to make sure their jobs are saved and or their pensions are funded, but by all means, let's make sure the auto workers get a care free retirement.
What the rest have to look forward to is Social Security with ever rising eligibility dates and shrinking benefits.
It does not do us any good to tell our Senators and Representative what "we the people want", they are going do do what "they" want to do regardless.
What a country...
LG
catmouse: I am not sure. A lot of folks played the 10/10 low and following consolidation for "the" low. Which means a lot of folks went under water when the consolidation broke down. A lot of those folks are going to be selling when they get back to break even.
Let's see if what remains of the boyz, can over come the selling. Maybe they will resort to an old stand by; using the futures to gap over the resistance, which will depend on how many folks they will be putting in the green with the move.
This ramp has been fast and furious, cycling most of my SPY intraday models into or near their respective over bought ranges as the SPY encounters those sellers I mentioned above.
I suspect we will see some sort of a consolidative pullback...
LG
pstuartb: Market has been going up since 1974, with a few brief interludes. Are those double tops on the S&P Weekly charts truly Dolly Parton formations? If so, they could represent the mother of all tops...gg
Maybe some of these oracles are just good in very long term bull markets?
LG
TJ Parker: There is little doubt the market was "very" oversold and looking for an excuse to rally. I am not sure serendipity is the right word.
It may well be Obama's team planned the release so it could be used as the excuse. Who knows, he and his team may be that smart or may be that connected. I would be more inclined to say coincidence and if that event had not been available another would have been used as the excuse.
Frankly, I just do not buy into the notion that traders everywhere heard the news and instantly thought it was a great choice that would be good for the markets and the economy. Heck, the pundits will be pontificating about the pros and cons of the choice until the swearing in...gg
LG
Timothy F. Geithner rally, sure it was...gg
LG
The late rally found resistance at Wednesday's lows...
My TradeStation IWM, QQQQ, SPY 60 Minutes All Sessions Semi-log Charts
LG
Very wild ride today...gg
I love it when a plan comes together.
Have a great weekend everyone!
LG
RCKS: Made 500 on an intraday basis.
My previous post regarding the SPX divergence below its 200 Day SMA on a closing basis was off. I am not sure where I got yesterdays number, think I pulled it off the weekly chart by mistake. It was below 494.26 points at the close yesterday as compared to its July 2002 momentum low divergence of 293.33 points below.
LG
pstuartb: Dow 2002 low...
LG
ajtj: I prefer the higher price and more rapid movement of SKF rather than the low price and less rapid movement of UYG, as you have to buy a heck of a lot more shares to get the same exposure, which increases commissions.
So I would rather short SKF...gg
IE: 1,000 shares of SKF is equal to roughly 72,000 shares of UYG
LG
ajtj: Man what a great addition to my radar screen. I am hoping this constant movement up rips a few shorts off the SKF tree, so the stock will be "easy to borrow" just in time for the ramp. Want that be nice...gg
I took a look at it when it first came out for a few months, but the volume was just to low for me, so I took it off the radar screen. However, the volume has picked up this year.
LG
finally: Well there are not many of us here, but all are welcome, especially those bearing gifts of analysis...gg
LG
ajtj: However, aside from the lower low, you don't think we're going to test the 2007 highs 18-months after the lows, do you? That's the post 1974 pattern, and it doesn't fit well in the current environment.
As you know, I don't do patterns, that is why I asked you to take a look as well, back in Oct. I have no thoughts as to when the 2007 highs will be breached to the upside.
I am just hoping those two Dolley Parton cups, don't prove to be the mother of all topping patterns. Per my exchange with RCKS yesterday the one on the right could use a little "nip tuck"...gg
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33683311
LG
The SPX closed today 596.69 points below its 200 Day SMA on a closing basis today. By comparison it was only below 293.33 points at its July 2002 momentum low close.
LG
gtober: The reason you have trouble seeing my moves is because you are out in front. You need to get a rear view mirror...gg
LG
finally: Of course and I do, when an intraday chart is needed to support the commentary...gg
Update coming soon, so stay tuned...
LG
PS: You can also right click and pull the charts up in another window. http://thechartologist.com/chartdescriptions.html
ajtj: Remember when I suggested this bear market may do what we saw from the 1968 and 1973 bear markets? The SPY just dropped below its 2002 low, which means it dropped below a previous bear market low.
Scroll down to the SPX Weekly Chart section...
http://thechartologist.com/analysis-20081011.html
LG
ZiggyMarley123: In the words of that great humanitarian from LA, Rodney King, "Can't we all just get along"...gg
LG
finally: Well you have definitely stepped your game up since last year. Good show...gg
LG
rr: That would be just my luck, as I am having a very good year in the markets....sigh!
LG
SPY below its 2002 low...
The SPY is now over sold in my weekly, daily and almost all my intraday models. When they all line up it usually means a significant low is near. Look for one into the close or at the lastest tomorrow. A tradable rally should follow...
LG