How are you guys doing today? Are bullish, bearish, confused?
Here is my advice to the majority:
1. If you think the market will go up, short it.
2. If you think the market will go down, go long.
In other words, do the opposite of what you honestly think and you will be fine. Never follow what you think. This advice is for the majority only. As for the minority, I have no advice for you, you know how to play it.
BTW, the last time I checked it up, NDX was at 1970 (at around 11:09AM). Watch out for RFT, he can be in any camp/wallet (including yours). He has no allegiance, neither to bulls nor to bears. His position is always: be close to the green.
RFT (his favorite colour is the green. Did you check your wallet? He may have made a visit to it lately).
2:11PM. NDX is at 1950. Which is 105 NDX points from the top called by RFT just less than 12 trading hours ago. That is more than 5% return in less than 12 hours on a major index, which is the most bullish of all index according to bulls and bagholders (the pride of bulls)!
RFT's call is UP 105 NDX points in less than 12 hours.
If you followed the call I made on Rennickout's thread yesterday (june 10) at around 1:30PM. I would take my profits and step to the sideline. You already made now more than 40 points as I write this (NDX is now at 1941. With the short call issued just 4 trading hours ago, that makes your profits at around 46 points).
Another deadly (for bulls) short call made at a top (Yesterday's
daily top).
Time is 10:44AM, June 11, the year of the King RFT, 2008!
NDX closed in area of 1925. We are now 130 NDX points from the absolute top nailed on this thread, when everyone and his auntie was shouting go long from the top.
Where is the theory that NDX/QQQQs is the strongest of the market and that only fools should attempt to short them? It has been the weakest in the last 4 trading days, and gave up more than 7% of its value in 4 trading days.
NDX closed in area of 1925. We are now 130 NDX points from the absolute top nailed on this thread, when everyone and his auntie was shouting go long from the top.
Where is the theory that NDX/QQQQs is the strongest of the market and that only fools should attempt to short them? It has been the weakest in the last 4 trading days, and gave up more than 7% of its value in 4 trading days.
Show us how much you made on that call. Let's see, Baron pays you a nickel a call. Damn that's almost 90 dollars. Congrats, and God Bless your millions of readers who just can't wait for that next call
Did you not read my call here on ET and on my blog? That was a short covering (ferocious to spit out the late bears). Now they are out, rest of friday should be played by shorting the rallies. Top of day is behind us.
