SPDR S&P 500 (SPY)

[USDollar]

Livermore was a smart guy.
But, Let's take a look.

- "Markets are never wrong, opinions often are."
1. So, if my opinion matches what market does, how will my opinion be wrong ?!
2. market is NOT an entity to be either wrong or right. The market is a union OF PEOPLE and we all know, the PEOPLE ... HAVE OPINIONS, therefore the market represents OPINION of PEOPLE.

- "Don't try to guess tops or bottoms."
1. Why ? WHYYY?
2. Market DO have bottoms and tops, just not permanent, and this is a fact.

- "It is not good to be too curious about all the reasons behind price movements."
1. since when studying is stupid or wrong?! Com'on.
2. We KNOW that information is power, knowledge therefore is power.
So it is preferable to be ignorant fool? I don't think so.

- "There is only one side of the market and it is not the bull side or the bear side, but the right side"
1. the wrong side is also a side. So much for being only one side.
2. Right side has not one but two sides - the invested and the in cash.

I am not trying to pick on the sayings of a person. I challenge them. I like to challenge any saying that comes my way. Oftentimes me and/or others benefit from a different view.

It looks like 387 tomorrow
This means 390 is days away

Then all eyes on 400