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Husk - I am not keeping a nonsupport list or a I don't know list. Just those that really think as Pokersam does (or does he really)that we will hit S&P 1060 by 16 Dec.
We could end this right now. All Pokersam has to do is come out and say he made a bad call and that will END IT.
However, if he truly believes this, then he should stick with it. If it happens without tragic events, I will not do this again on any of his future calls.
I think that is fair, don't you?
Lindy
detlevs - My $NDX RSI(5) shows 66. If today closes below RSI(5) 70 I will take a short position to protect long profits. However, I will not sell my longs until the RSI(5) closes at 70 or above.
Good Trading.
Lindy
EspressoCoffee - Look I served in the military for over 21 years. We are not attacking anyone in the next 90 days. Get real!
Liarkiller - I agree. So if he would just swallow his pride and say he made a dumb call we can move on.
Good Trading.
Lindy
All - Wow! RSI(5) at 63.4
Glennob - So does this mean I can add your name to the 1060 list?
Husk - It is a 100% depiction of this board. You either support it or you don't. If you don't know then you don't. The only thing that can make this market go to S&P 1060 by 16 Dec is a tragedy. Pure and simple. So let me be perfectly clear. EXCLUDING ANY TRAGEDY! The S&P is not going to 1060 by 16 Dec, 16 Jan, 16 Feb etc... IF IT DOES I WILL LEAVE THIS BOARD AND YOU WILL NOT HEAR FROM ME AGAIN!
What out there could bring this market down in such a short period of time that is not tragic?
Lindy
All - Any supporters of S&P 1060 by 16 Dec? Looks like Pokersam is still by himself.
Lindy
Stevec - Yes, 2X is using hourly (Nocona's System), whereas I am using a daily indicator. I only trade at the close unless there is some dramatic change in the market during the day. Of course if I am short, I can only trade at the close with USPIX. My RSI(5) is showing 52.2 and MACD is closing in on a bullish crossover. If the RSI(5) closes above 50 chances are good we head on upward to 70.
Good Trading.
Lindy
Countdown to 16 Dec/S&P 1060
28 Sep/S&P 1216.89 up 1.23
-156.89 to target
Total days
(includes weekends/holidays): 79 days/-1.99 per day to target
Monday - Friday(includes holidays): 57 days/-2.75 per day to target
Minus Holidays(24 Nov & 25 Dec): 55 days/-2.85 per day to target
S&P Average Last 79 days: 12 Jul/1222.21 -5.32 -.0673 per day
Last time S&P was at 1060: 10 Dec 2003
Who supports this target?
Name/Date put on list/Date taken off list
POKERSAM/27 Sep 05/
2X-Be-Me - I don't day trade. All of my trades are completed at the close of the day. I thought you said awhile back that you were not a day trader. Guess you have changed your trading style.
Hope it is working for ya!
Good Trading.
Lindy
2X-Be-Me - Can you not read my chart? On 26 Sep the RSI(5)was below 50.
Glen034 - Yes since the 22nd & 23rd when RSI(5) was below 30.
Lindy
Vestor 2000 - Yes, it was a collective "we". I was not accusing you of any prediction.
It seems that by publishing those stats, it woke a few people up and obviously has lightened the bears den. Though that was not my intention.
I just think when someone goes over the line they need to be held accountable for their statements.
This board is a good board. We have some excellent analysis and most of the time alot of thought has gone into these analysis. Lets keep it that way and police the ones that go over board, myself included.
Good Trading.
Lindy
2X-Be-Me - We are obviously looking at different charts.
Based upon the chart I am looking at if the market was to close today below RSI(5) 30 I would buy long. I see no bearish crossover today.
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclynay[db][pb50!b200][iLb5!La12,26,9]&...
Good Trading.
Lindy
Steve - I look at the MACD to decline my trades. If we have just completed a bearish/bullish crossover and RSI(5) is under 30 or over 70 I would probably not make a trade at the close of the day and wait to see what might happen the next day. Jut like on 20 Sep we had just completed a bearish crossover and on the 21st the RSI(5) closed at below 30. I did not go long at that point. I waited to see what was going to happen the next day. I then went long on the 22nd at 38.36 and the 23rd at 38.49 while the RSI(5) was below 30. Right now I will go long if RSI(5) goes below 30. Each time RSI(5) goes below 30 chances are better that we trend up from there. So right now I would say it is better than a 50% chance we trend up in the next few days. I'm not a day trader, I aaverage around 10 trades a month. Hope this helps.
Good Trading.
Lindy
FreeMarkets - Yes I am always invested, I believe you must always be in the market, I never go to all cash. The most I have been invested this year has been 65%. Normally I start out at 25% and usually get to 50% before I go the other way. Sometimes I will hedge above 70 & below 30 to protect against whipsaws. I look at the MACD to confirm the trend. Most of the time I am early on the Long and Short side. If you go back and read my comments on this board, you will see that I have been pretty close on the trends.
Actually the last two months I have made alot more profits on the down trend than the up trend. Of course that can be contributed to the fact that on the downside I use USPIX which is half the price of QQQQ so I make double the profit going down.
Actually, right now I wish the $NDX RSI(5) would dip below 30 so I could pick up somemore longs.
Hope you have a good day,
Lindy
Vestor 2000 - You have made my point exactly. When we start making predictions like this, we are actually predicting that something tragic is going to occur. Markets don't just drop off a cliff for no reason.
Right now I don't see anything that would cause this market to make such an aggressive drop. My chart is showing a normal trend.
Hope you have a great day.
Lindy
Pokersam - Sorry so long to comment. I don't hang around my computer all day. Both time frames that you mentioned is far short by 36.92 & 67.85 points respectively. For the S&P that is alot of points. Over the last 80 days it has only moved a 3 point difference. Each day that goes by will put your prediction further in the hole. Just like today S&P is in the green as I write this. Tonight, when I update the data the 2.78 needed today to reach your target will rise.
Your right it will be interesting to find out how long you will let this go on.
Good Trading to you also,
Lindy
Husk - My trading style is simple. When the $NDX RSI(5) is below 30 I buy long, when above 70 I buy short. I also look at the MACD (12,26,9). I know alot of people on this board use the RSI(5) indicator and MACD. I've made a modest 15% return this year doing what I do.
I was in agreement with Pokersam earlier and on his team. However, he has just gotten to ridiculous lately and using catistrophic language. I don't wish any tragedy on this country. But for the S&P to fall to 1060 in that short of time, that is basically what is being predicted.
I don't know way everyone is making such a big deal about this. All I am doing is holding the person accountable.
Good Trading to all!
Lindy
FreeMarkets - I will be updating this daily until he yells "UNCLE". I agree with you, if this is right, I will never ever trade against him also. But if he is wrong then he will be discredited and we move on.
My chart also indicates we go up.
If the RSI(5) drops below 30, take it as a gift and buy more longs.
Good Trading!
Lindy
POKERSAM - Do you want to make a public announcement now to say that your call is a big joke? Then we could wipe the slate clean. But if you really believe S&P 1060 by 16 Dec is the target then stick with it. Maybe you will get some backers willing to go on the record. Who knows, if we fall off the cliff tomorrow maybe I will join you, but do you really see that happening? Of course what I believe is unimportant. I just call it like I see it. I'm a straight shooter.
Your right about one thing, "We will know soon enough".
Lindy
"Mean what you say or don't say it"
Steve - I agree. Your targets seem more realistic.
I'm just taking a survey to see who is willing to support the S&P 1060.
By putting the numbers/facts down maybe this will shed some light on the situation.
We are talking about a lose over 80 days that took almost 2 years to gain.
Lindy
Countdown to 16 Dec/S&P 1060
27 Sep/S&P 1215.66 up .03
-155.66 to target
Total days
(includes weekends/holidays): 80 days/-1.95 per day to target
Monday - Friday(includes holidays): 58 days/-2.68 per day to target
Minus Holidays(24 Nov & 25 Dec): 56 days/-2.78 per day to target
S&P Average Last 80 days: 8 Jul/1211.86 +3.8 +.0475 per day
Last time S&P was at 1060: 10 Dec 2003
Who supports this target?
Name/Date put on list/Date taken off list
POKERSAM/27 Sep 05/
Long is the best place to be right now, if your trading out further than one day. The $NDX RSI(5) is at 35.6. If we go below 30 buy more longs. This market is going to retest the 50 DMA at 1590 before it heads south, that would probably put the RSI(5) above 70, then I will go short. We have had 3 up days, we were due for a pullback. If I'm right I'll rub it in. If I end up wrong I'll admit it. I'm not a Bull or Bear, I'm just following my chart.
If you noticed I don't use words like horrendous, or other catastrophic language. Just the facts!
Good Trading to All!
Lindy
Vestor 2000 - I don't use the S&P 500 MACD and I don't look at just the MACD number. I use the MACD for the $NDX. I look at the two lines on the MACD. The thick black line (MACD) and the thin blue line (9 day EMA). These lines are getting closer together. This is a bullish indicator since the thin blue line is above the thick black line.
We shall see how this plays out.
Good Trading.
Lindy
2X-Be-Me - Yep those manipulators, jammers, and public relations people was sure out in force this weekend. Didn't think of that! Otherwise, you would have been right. He! He! He! He! He! He!
Oh, know the sky is starting to fall again! We better get them manipulators, jammers and PR people out there.
Got to love it.
Good trading, Lindy
2X-Be-Me - We don't need bear cheerleaders. Just because the RSI(5)by itself is pulling back a bit doesn't mean jack. The MACD(12,26,9) is starting to trend upward. If we close positive today it will be the 3rd day up. We are due for a pull back.
Bottom line: $NDX RSI(5) will go to 70 before 30 (If I am wrong I will buy more longs under 30). When it hits 70, I will consider shorting.
Good Trading!
Lindy
Vestor 2000 & POKERSAM - As I said on Friday, I was holding long for the weekend based upon the $NDX RSI(5) and MACD(12,26,9). Currently the S&P futures are up 4.70. If this stands, it could push the RSI(5) over 50 on Monday. RSI(5) over 50 will more than likely go to 70 before 30.
The place to be right now is LONG. I believe we may hit 39.20. However, I will follow the chart.
The break of the 50 DMA caused a big drop to the downside. Now we need to go back and retest the 50 DMA (which I think will fail). I suspect the $NDX RSI(5) will be around 70 at that point. Then, I will change to a short position. We then probably fall to the 200 DMA, which could bring the $NDX RSI(5) back down to under 30.
We have been trending up the last two trading days. Despite interest rate hike, gas prices up, and hurricane.
I don't see anything out there right now that would crash this market at this time.
So I will just follow my charts and continue buying long until the charts say otherwise. Right now I am seeing green for being long since 22 Sep.
Yes, September could close out poorly as it historically has. However, we have 4 trading days in the mean time.
Good Trading to All,
Lindy
Vestor 2000 & All - Have a great weekend! Hope your seeing the green as I am!
Lindy
2X-Be-Me & Vestor 2000 - 2X once again I would have to disagree. The $NDX RSI(5) is at 39.6 the MACD(12, 26, 9) is starting to change direction. I believe we will have a run to the 50 DMA around 1590. Which will hit the RSI(5) 70. However, I believe that resistance will fail, then we continue our downward trend towards POKERSAM's target, with intermediate counter trends. Vestor 2000 - This is my input for why I am holding long over the weekend. Hope it helps.
Just my 2 cents!
Good Trading!
Lindy
lpdcb - In 2001 wasn't we in a Bear Market which ended March 2003? Wouldn't that have an effect on the RSI(5)? Right now we are in a Bull Market, I personally will not short below $NDX RSI(5) 30. I may hold a short position below RSI(5)30 depending on the trend of the MACD (12,26,9).
Just my 2 cents.
Good Trading!
Lindy
2X-Be-Me - Don't know what RSI(5) you was looking at. The $NDX RSI(5) on stock charts showed the RSI(5) above 30 at yesterdays close. RSI(5) now reads 25.3. If RSI(5) holds below 30 I will probably cover my shorts at the close, take some profits off the table and initiate a long position for a bounce up.
Good Trading to all!
Lindy
POKERSAM - I can honestly say that I've seen alot more green in my portfolio the past 2 months than I have seen all year.
Thanks to you and others on this board for thier input.
Good Trading to All!
Lindy
POKERSAM - I feel left out. I've been bearish since 6 Sep. Yesterday, I confirmed my bearish stance.
$NDX RSI(5) is 36.9, we had a bearish crossover yesterday on the MACD (12,26,9). We are going to RSI 30 before we go to 70.
It's as clear as a bell on the charts!
Good Trading to All!
Lindy
All - $NDX RSI(5) at 36.5, MACD (12,26,9) showing bearish crossover. We are now below the 50 DMA. Looks like this bear run is just getting started. Glad I added to my short position on Friday. 200 DMA is 1536 which is where I think we are headed.
Good Trading to all!
Lindy
Vestor 2000 - Don't miss the boat. I just added to my short position. RSI(5) is 56.9 we are going to 30 before 70. Look at the RSI(5) history.
Good Trading!
Lindy
Bollinger - Yes, the name can go either way. Of course I was named after my father, he was named after Charles Lindberg "Lucky Lindy". There also was an NFL football coach for the Packers and Colts named Lindy Infante. There is also a dance called the Lindy Hop, Lindy Motorhomes, and other products.
Long position at 39.21 as a hedge against my short positions which I am pleased to say I will be in the green at the close today!
Thanks to POKERSAM I made the short entry a little early, but well worth it now!
POKERSAM - No problem. We all make mistakes. I'm also sorry for the comment I made about you not excepting worthy advice.
Actually I would have came out on the better end, because I always listen to what you have to say and I have learned alot from you and other members of this board.
Great Trading to you!
Lindy