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One thing I have loved to see and will pat myself on the back for is the fate of Jerry Monk. Gratifying to see - still can't believe it wasn't easily obvious to everyone.
It was a killer rally and great call on your part. Thank god I was "retired" by then, lol.
Hey punks - you all still losing money? Here's a clue from the other side. Short.
That would be something.
Could be correct (although I don't use oversold/overbought concept ever). I am not involved in short term moves anymore. The solid gains are much broader; and I am in a place where I done with the more frequent trading. Here is what I am interested in. Position over time on on days counter to the larger trend and it will pay off (this is the simplified reason I would look for 900 - 1000):
It truly is not that simple, look for 900 - 1000 spx first.
Careful! Not yet.
Hope you held! I am in the retired phase. Still trading a little everyday, but I made my goal and that is put away from risk. Now its a hobby - won't be around as much, but can't keep me away totally.
Read closer - I called the exact turn a day before 107.5 - BT got it. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67644622
Even so, I suspect you will be happy on the short side.
Some easy advice - if not on the ETFs, look for the stocks everyone is most bullish on and find the short ops. on the weakness there. IE: V - 5% in one day. Position early and exit when there seems no hope to go around. Best of luck to all! Later.
Did ya'll catch the turn? It was easier even than that 107.5 - even from retirement, HA!!
Likely -
Anon. Is it worthwhile to speculate what he did with his wealth? Did you know him?
He was very important in our history and "..... achieved one of the rarest feats in human history: he changed the way each of us sees the world. "
If only more of us could be that good.
Don't over think it - it is very valid. You called the bear rally - it happened and did it not have the exact character of a counter-trend bear rally? The large trend is down and nothing in the index behavior says to expect it over - 9750, and likely lower, on the dow. That is the current target with multiple confirmations.
Me? LOL. Nice job catching the 107.5 today!
BTW - where did I suggest it bounce, even short term, yesterday? - 107.5.... this stuff is so NOT random.
Did you close yet?
Nothing is impossible.
Not really - 100% run in that two years and this has been just over 15% correction only so far. It could move off 30% and march back up only to look like a normal correction given the strong bull move we had. Must keep perspective to ground the decision making.
107.5, if it happens fast on SPY, like tomorrow, I will be trading / rolling the current position - that is a spot of resistance / bounce (given the timing of it coming soon).
How'd you find a picture of me?? have a good one
9600 (conservatively) $DJI and likely 9400 it time to evaluate at that target. 97.50 on SPY, same.
To be clear - I don't like it either. Not about what I want, I just follow what I see.
I know you follow your own gut / plan and we will all find our way. Rags to riches - getting to that second part.
Zoom out a bit and see the giant bear flag / measured bear move that has really just set in post break out. That is the overriding big picture that can be powerful. Enough justification for a hard break at any time; given the environment it would not surprise me.
I wrote here weeks ago about it was time for commitment to direction. There will be trades to make on the bear rally, as you say, but not worth the risk of losing a great, long built position on the bear side. Already a 90% pad here and the real break hasn't even started. Time to be contrarian is when the charts show it.
Crazy.
Yes. I am currently sitting with the most comfortable position I have built up yet this year.
The largest payoff I will see this year (and it has be an incredible one so far). I have been nothing if not vocal about my position for weeks. Sitting on 50% cushion already.
This could be the week.
Where to invest if not trading, where to put the moola?? US/dollar denominated debt and, for the cash holdings, swiss francs. It is that simple right now.
I just don't think aout it that much... not at all actually. They leave clear footprints - every transaction does. That is the WHOLE story. I have been batting pretty darn good lately so I stick to what works.
They are at the bottom of the barrel; end of their tools.
Seriously not likely. If tomorrow it will be a scared move of desparation before serious selling comes in. STILL we have seen nothing yet. 10% more minimum on the $DJI from here - soon; depending on the signs longer term, after that, what would you think about 7200? Could happen. That breaks?? 3000???? How low could it go??? 1500?!!?!? really?? (not impossible, not saying likely yet, but easy to see)
Just a start.... this stuff is very clear at this point in time.
Watch your language... not cool or legal. Not just a bunch of anonymous yahoos hang'n out here - just say'n.
BTW - break = another 10 - 30% You don't think a Presidential election cycle would kick off with nothing to talk about, do you??
Half??? they all got hosed by that POS. And while screaming at them showing what was up..... just shows you the power of greed and fear. That was so clear as day while it was happening. LOL.