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Welcome to the markets, tubytrader. The markets are pretty good at misleading as many people as possible. But I guarantee that a pullback will come eventually. Probably when we expect it the least.

Kind of thread which makes me a nervous long. Sounds like we are getting too complacent. But I keep my longs, for now, with open eyes.

I went a few times in New York and Las Vegas. The expo itself had little value to me, but I liked the possibility to meet many traders there. Just make sure to bring your BS detector, because there will be plenty of it, BS I mean.

I still have a difficult time to understand how a very successful method/system would be published in a book rather than just traded . Unless the return from the sale of the book exceeds the return of the trading system. Anything I missed ?

It is still a rare event, I figure ! This is probably what LT701 meant.

No clue when it ends but this rallye must be excrutiating for stubborn shorts. Ah those tops look good....in retrospect !

I hear you, Maverick. I have already read some of your comments on other threads and you are not one of those "predictors". Again, predictions are good entertainment. I also trade pretty systematically and I just do what my systems tell me to do, regardless of elections, fed meetings, earnings...

I wish the markets would be that obvious, Maverick. What happened in 2004 is irrelevant to what will happen this year. Maybe it will do the same thing, ie, rallye, or maybe not. The markets have this ability to have surprising moves. I also would differ on your assumptions that "everyone will be...

Any data to back your wonderful system up, stock trade? Profit factor, drawdowns, ROI, etc...?

Well, I was being a little worried for my long trades to see a slowdown in the calls for tops. Feel better already, with your call.

Yes, at times, the "12 Monkey Army"s poject to eradicate the Human specy from earth, sounds like the right thing to do, if one cares about the survival of the planet !!

Just what we need, another "top" call. Will you , also, leave ET if the S&P trades above 1400, for example ?

I do not think that the guy is a moron, as he made 80 millions last year, I read somewhere. In the case of hedgefund, the incentive is to take as much risk as possible to get the 20% of the profits generated. You just need one good year and be very rich and retire. Probably what that guy is doing.

Maybe. I just hope you are not right only ....once a year !!!!

I think you need to define "bad" trades. For too many traders a "bad" trade is a trade resulting in a loss. For me, the only bad trades are the ones made out of my rules, win or lose. I had my fair share of "Profitable" trades which, based on the wrong reasons for trading, were teaching me the...

To paraphrase W. Allen, forever is really long, especially near the end. So, Volente leaving "forever" ?

After the calls on tops and what not, now a call that tomorrow is going to be fantastic. I wish I had all those crystal balls to make so many calls ! Ah well, at least, I can benefit from other's expertise.....

Eventually , a top will be rightly called, and this is what people will remember. In the Investing business, like other forecast endeavor, people have a short memory. So , unless, you actually put your own money on the line, predicting a major top is a good risk/reward scenario, as far as fame...

Yes, this is the way I did it the last 5 years. No problems. But have you elected, officially to M2M through the IRS?