12:12PM, Who is Shorting NDX?

riskfreetrading · May 7, 2008

Dear readers,

The market has spoken, the always just referee. The thread made it clear: you are either a bear or you are a bull (in the sense of long or short the market).

Re-read this and the other thread, and you will make your conclusion on who is right or wrong on market opinion. Learn that the majority is always wrong in the market. This thread is no different.

I made my market call on the thread of "Urgent Message from Rennick Out".

Here my market call. I did not post it here or on another thread as it may be polluted with some bullshit.

Quote from riskfreetrading:

Down/weak market action starting at 9:56:58AM (time obtained from NDX/QQQQs)

nonlinear5 · May 7, 2008

Quote from riskfreetrading:

Down/weak market action starting at 9:56:58AM (time obtained from NDX/QQQQs)

"Time obtained from NDX/QQQQs", what does that mean? Is this like a new time zone or something? I don't understand "Down/weak market action starting at 9:56:58AM", either. It sounds like you have a fear of words such as "is", "was", and "will be", and this makes it very hard to understand whatever it is that you are trying to convey.

As many others suggested, you may want to consider non-ambiguous forms, such as "I am short QQQQ as of 10:00 EDT".

shortie · May 7, 2008

Quote from nonlinear5:

"Time obtained from NDX/QQQQs", what does that mean? Is this like a new time zone or something? I don't understand "Down/weak market action starting at 9:56:58AM", either. It sounds like you have a fear of words such as "is", "was", and "will be", and this makes it very hard to understand whatever it is that you are trying to convey.

As many others suggested, you may want to consider non-ambiguous forms, such as "I am short QQQQ as of 10:00 EDT".

nice call and clear enough IMHO

xflat2186 · May 7, 2008

Other then for the laughs I donât think you'll find anyone who takes him seriously at this point.

He is adept a making ambiguous statements and sprinkling them in other threads in case they end up fitting the days market action.

The fact that he truly believes that anyone who disagrees with him is somehow a bag holder and has to be on the other side of the market is just further evidence of his ambiguity and narcissistic attitude. Donât even go into his belief that there are somehow 40 million readers of ET each day and they all come to read his comments.

Heâs been relegated to the sidelines by his own doing.

nonlinear5 · May 7, 2008

Quote from shortie:

nice call and clear enough IMHO

Are you referring to riskfreetrading's call or to my call? If it's the former, please explain to me the meaning of the phrase "time obtained from NDX/QQQQs". The way I parse it is that riskfreetrading uses the stock index as some sort of time-measuring device, which makes no sense whatsoever. It's the same as if I said something like this: "The lunch time is the intersection of East and West", or "It's 2pm, time obtained from air temperature".

shortie · May 7, 2008

Quote from nonlinear5:

Are you referring to riskfreetrading's call or to my call? If it's the former, please explain to me the meaning of the phrase "time obtained from NDX/QQQQs". The way I parse it is that riskfreetrading uses the stock index as some sort of time-measuring device, which make no sense whatsoever. It's the same as if I said something like this, "The lunch time is the intersection of East and West."

not sure what he meant. maybe english is not his first language or maybe it was a typo. when i said it was a good call i meant this part ""Down/weak market action starting at 9:56:58AM", "

commiebat · May 7, 2008

Quote from xflat2186:

He is adept a making ambiguous statements and sprinkling them in other threads in case they end up fitting the days market action.

This.

If he were really confident about his calls, he'd post them in explicit language and all in one place. It's not like he doesn't know how to post twice in the same thread. Also, his calls are no more specific than "good/bad thing at $time", and later on he claims them as proof that he took a position (in what? he won't say).

He has "predictions" all over the place, and he only digs up the ones that appear to be good calls at the time. How many bad calls has he made? You can't possibly know, unless you sift through every other thread on ET for all his posts. All his bad calls are buried, and all his good calls loudly trumpeted.

The fact that he truly believes that anyone who disagrees with him is somehow a bag holder and has to be on the other side of the market is just further evidence of his ambiguity and narcissistic attitude.

But you do have a long position in NDX. I even quoted you saying so.

xflat2186 · May 7, 2008

Quote from commiebat:

But you do have a long position in NDX. I even quoted you saying so.

LOL dont let the fact I dont trade the NDX or any of its related indexes get in the way of a good story.

if if if

There I posted it again does that mean I am long again?

riskfreetrading · May 7, 2008

Quote from shortie:

not sure what he meant. maybe english is not his first language or maybe it was a typo. when i said it was a good call i meant this part ""Down/weak market action starting at 9:56:58AM", "

Hi Shortie,

They know where to find the information. They know it is accurate,what means, and everything. Reality is hard to swallow for some people. That is what I mean by the market never lies, but some poeple ... (you are an example of fair minded people)

Here is the post (in response to RennickOut's call). If someone cannot understand it, that someone is either lying/dishonest or cannot read the market which is more stubtle.

The thread is not for some. It is for everyone (excluding the some)

Quote from William Rennick:

WED. 5/7 9:50 am dow -34

The mighty "Ball" is POSITIVE calling for STRONG Market action for the morning session. BUY THIS DIP!!!

Rennick out

Quote from riskfreetrading:

Down/weak market action starting at 9:56:58AM (time obtained from NDX/QQQQs)

riskfreetrading · May 7, 2008

Quote from shortie:

not sure what he meant. maybe english is not his first language or maybe it was a typo. when i said it was a good call i meant this part ""Down/weak market action starting at 9:56:58AM", "

Shortie:

It has multiple meanings. Here some some:

1. Timing the market is not only about price, but time (more important).
2. Time-stamps for the call, and in relation to which index, and how it can played.

It could have been posted as a new thread with a title such as
"9:56:58AM, May 07, Who is Shorting NDX VIA QQQQ, This is market call", or simply as usual...

PS: There are other meaning. I might PM you about it.