Search results

Well, we've been down less than 40,00 points from 3250 or 1,23 %. Round numbers typically have a reaction - the same thing happened at 3150. Does not mean it's a major top. The original call is for a 9,23 % drop and we're not quite there yet. :) I do hope Volente is right of course, but I fear...

I've been influenced greatly by a few older members on this site whose posts were very valuable and nudged me in the right direction. Books? I read around 100 in the first 1-2 years I've started and came to the conclusion that most of them were a waste of time and money and usually written by...

I think there's a good chance the HOD/LOD is set for today - but if anything, odds favour another push down either towards the low or actually making new lows by today's Close. My view for today.

No denying that.

I sincerely hope you're right for my own selfish reasons, but I fear you might be wrong...

The market had a really good excuse to sell off here - yet it didn't. Instead, we're back up and closed 12,25 points from ATHs. That's where we're at.

And the board quiets...

Should be good for a run towards 3244 by end of day as long as we stay above 3231. However, if this next push up is met with selling - I think we can roll over and trade back down to the LOD.

You're changing your 'method' on a daily basis it seems. And always - it's 'perfect' on those new settings. :) It seems to me you're lacking a bit of context when trading the indices. How about trying to zoom out a bit and think about how the entire day will look like? If you do that, you can...

No one ever kicks a dead dog.

We kept hearing about an alleged audit that was 'in progress' and how bad it looked, but as far as I know - nothing ever happened. Some people need to get a life!

disasteriero is beyond pathetic... This asshole have me on ignore, yet quotes and responds to my post. In effect, this means he has to un-ignore me, quote me and then put me back on ignore. Sad.

As posted in another part of the forum (slightly modified by year end): S&P closed 2019 at 3230,78 - yielding a 28,88 % gain on the year. Since 1950, the S&P 500 have been up more than 25 % on the year 13 times not counting 2019. The last time in recent years was 2013 with a gain of 29,60 %...

I'm re-reading the Market Wizards series - which is great by the way - and was surprised by the Linda Raschke interview. Some interesting insights there and also very inspirational. One of the things she mentioned in the interview was that she struggled with isolation after she stopped trading...

I would be more interested to hear why the market will top at 3250. Why not wait for a short signal and enter then? 9.23 % seems like an odd number, but it is 300 points and probably why you arrived at that number. If the market will drop or retrace 300 points - you will get the chance to...

Well, you've managed your position very well then. Of course, there's also the opportunity cost of being on the wrong side of the market for 5 months. Get back the 100 point loss? Just wipe the slate clean and don't worry about it. 2020 is a new year. For what it's worth - on the years...

Well, you've been (heavily) net short since August and we're 400 ES points higher by now. Fundamental perceptions does not matter as long as they're not justified by price action. Pure TA seems to have been working just fine. :)

As of yesterday - we're at 29,24 % for the year. I can add your perspective as an additional requirement. Let's look at the sample I just provided, but filter on years where the prior year closed down 10% from the high that year. In 2018, we closed down -17,31 % from the high that year. This...

There was a slight error above with an 'only' that shouldn't be there. If a moderator reads this - feel free to correct it. It should say: For the following years we had an average yearly gain of 12,79 % with 9/10 years closing positively and a remarkable 10/10 years making all time highs. I...

Merry Christmas, traders! :) I'm doing some homework while waiting for the next round of overeating (we're one day ahead of you here in Norway). While the year is not yet over, as of yesterday, the S&P closing price gives us a 28,58 % gain for 2019. I don't expect we'll dip much below that by...