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IMPRESSIVE BULL RUN TO SAY THE LEAST SINCE 1567 !!!... I HAVE QUALIFIED FOR A NATIONAL TRADING COMPETITION FROM THE FRENCH LEADING BUSINESS CHANNEL. IF YOU GUYS FROM "ELITE TRADER" WOULD LIKE TO COME AND SUPPORT ME BY CREATING SOME BUZZ, COME AND LIKE MY PAGE AND INTERACT WITH SOME TARGETS...

+100pts since that "1567" call... :)) at 13pts from the bottom (1554) on Sep13... market has NEVER looked back and made it all back STRAIGHT up.. (out of the past 13 days, 11 days green..) my best 2 weeks ever so far :)))

held pretty well so far.. looks like a local double bottom

the only equivalent to "house" in markets are the brokers. yes, they always win. does that mean that all the players loose? i don t think so no...

Who is the "house"??? LoL...

It is in Europe.. -10% on the monthly, 4th largest monthly loss (month not finished ok..) since sep08.. a few sigmas event for sure..

One post I found well argumented : "market feeds on people attracted to it, who are usually the least suited to trade it" While I find the idea very interesting and true to a certain extent (it actually also attracts a LOT of SMART guys who think they can make it "anywhere" : think doctors...

Did it help at ALL to predict the market rout that was coming in June?

anyway, thanks for sharing your idea, i don t know if it s possible to "recommend" somebody else'spost here on Elite Trader, otherwise I would. I would like to repeat a thought that has already been mentionned on your thread : if S&P goes higher, it will be in NOMINAL terms, not real, because...

And I agree on it being just an excuse.. there was a technical set up to sell, it was used an an excuse to smash the market by big guys.. Which is why I think it is only a correction... Which is why I am surprised we have not seen any retracement at all yet...

In Europe (I also trade European indices), correction has been stronger, and altho the US is still technically quite strong there are several technical reasons why it should rebound where I said (fibonacci + 50wMM + channels + monthly PP...). It is not just a wild guess "finger in the air", I...

Are you REALLY trying to pick the exact point?? Or is that Monday humour?.. lol

no, that may be interesting..! what was it?? i suspect smthg political underneath indeed yes.. 46 attracting.. 50 next?..

it was.. for a short time yes.. now trading at 1583 cash-1573 futures

well did not think we would test it.. but now that we are here definitely think so.. see my post today

looks like a trade has set up.. bearish RUB

could perfectly be a triple top...

it s already very tough to know where it will be NEXT month.. so 5 years time.... looks like a long shot at forecasting anything at all.......................

nice job.. have you bought back 100% of your size?

1567 as mentionned on my post above.. ie today or tmrw...