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Joab is the elder statesman, veteran here. Bow before him and shame on your impudence.

Obviously not a veteran, only here since February. :)

Pompous ass. "Myself and a few other veteran traders" What makes them veteran traders, they post a lot on ET?

If by warning, Joab, you mean picking tops and losing money you have not been successful. "It will correct lower at some point" is not a warning. Its not a call. In fact, its easy to find multiple losing trades in here from you over the past couple of months. Its all in the timing...

going down faster than free beer

yeah, takiing on water fast, lots of bulls still in apparently

I think Fliflopper has bigger problems than whats getting posted here: " I started trading obviously with too big of size. Oh yeah and I forgot to mention I was bearish. At this time I have lost about 25K over the past 7 weeks. I have about 18K left and we'll see how long that lasts. "

Joab says, "byLoswllhi, we've been trying to warn people for the last 3 months but i think we are wasting our breathe in here." What he means he's been picking tops. Wasting your breath? You think too highly of your opnion.

I think its important, the trend anyway, but this morning's number has been fully expected, even the upside surprise, since the second GDP report a month ago.

Looking good :)

how did Bernanke imply he might raise rates? Did you hear that on CNBC?

what was Bernanke's comment?

Not to be a dick, but even your rephrasing, "Do hedge funds sometimes watch certain widely watched technical indicators" is vague. Yes, i bet there is a hedge fund (out of thousands) that occasionally (but not always) use a technical indicator (out of thousands).

now do you see the futility of the original question?

what did you learn? Just curious?

why even ask that question, nobody can answer it with any semblence of accuracy. Its unknowable.

ah well, good luck anyway with it.

yeah, is it? Still waiting for the "6-7 days correction."

no, just that there are two established trend right now. I know you haven't been fighting it the whole way.

hmm, this thread reminds me of all the top picking threads in stocks. Nice solid trend being fought all the way, "can't go much further, too bullish, economy is weak, etc..."