9/20/05: The Only Direction To Trade Is...

Quote from Apex Capital:

Yes, 40% is a rather outlandish number, especially without any time frame considered.

As for today, I have 1212.69 as my SPX target which is basically a typical "measured-move" calculation in which this last decline of the past 3 days is 1.382 times the initial decline off of the 1243.13 high.

1208.38 would be 1.618 times the initial decline.

Stay nimble!
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blah blah blah blah! I'm ready to fade 1220 so hard it'll make your head spin! Already positioned 1230 short and could care less! If it comes up, fade it again!
 
Quote from Apex Capital:

Yes, 40% is a rather outlandish number, especially without any time frame considered.

As for today, I have 1212.69 as my SPX target which is basically a typical "measured-move" calculation in which this last decline of the past 3 days is 1.382 times the initial decline off of the 1243.13 high.

1208.38 would be 1.618 times the initial decline.

Stay nimble!
More...

Alot of good this Fibonacci gibberish is when it comes to human lives! Yet another example of T/A voodoo crap thats full of potholes. Oh yeah, Fibonacci describes the entire universe and how world order behaves.

Overanalysis on meaningless PAST data.
 
Quote from EtfTraderLives:

DOWN

This market is setting up to tank hard in the next 3 months. This weakness has already displayed itself LAST WEEK.

Reasons why:

1) Triple top in Naz w/lower high
2) SPX inclined triple top
3) Oil hovering at $65/barrel hurting consumers and eating away at corporate profits
4) Hurricane disasters taking toll on property insurance industry. Look for liquidation to raise cash.
5) Housing market topping and starting to sour

You thought October '87 was bad? This one is going to BE WORSE! Look for 40% declines in all indexes!!!

Its going to be ugly!
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==============

ETF;

Agree there is more downside risk,perhaps more weather risk than normal, especially downgaps:cool:
40 % seems to good to be true.

TOL closed below 200dma 2 times , huge sell volume;
but most have NOT.

Its still a bull market;
even a fierce downspike wouldnt last long perhaps.

Take shares in 7, 8 ventures maybe;
you do not know what evil maybe on earth.-Solomon,trader king
 
Quote from EtfTraderLives:

What is obvious is your going to be leaning the wrong way Apex. You should have been short A LONG TIME AGO IF YOU WERE ANY GOOD!
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Blah, blah, blah . . .
And this from the windbag that stated the following back in mid-April just three days before the
DEAD ASS LOWS OF THE YEAR at SPX 1137.50!



04-16-05 12:51 AM - - - EtfTraderLives

"I dont know how you guys/gals can sit at your desk all day watching quotes and charts flicker on your screen in this '70s type of market.

Why not take a long term short and go enjoy life!"

http://www.elitetrader.com/vb/showthread.php?s=&postid=729199#post729199
 
Quote from SethArb:

I remember seeing those NAS / NIKKEI overlay charts ....

or those 1929 dow / current dow charts

a few yrs ago

are they still in line or have they diverged yet ?

:p
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Still in line with downside coming... if those overlays work. Time will tell.
 
Quote from EtfTraderLives:

Free fall tankage alert. October arrived early to the clueless.
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As Apex said, please keep posting.

I don't really care what handle you use, ayk, rubber, etf, etc. you're transparent enough and you're a better fade than Cramer.
 
SPX double-bottom is in with today's early morning "retest" of the 1211 handle.

Above Mondays high of 1222.56 and yesterday's high at 1218.83 and the turbo-charged buy programs should kick in big time!

Initial resistance at the .618% fib retracement and the 40 day MA at SPX 1225.79
 
Quote from Babak:

As Apex said, please keep posting.

I don't really care what handle you use, ayk, rubber, etf, etc. you're transparent enough and you're a better fade than Cramer.
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lol. i wonder if etftraderlives still lives or if he died when the train ran over him.
 
No reason Dow can't break out to new highs today. Earnings great, gas prices who cares and no more hurricanes!!!!

Actually though hurricanes are good for stocks? I am really not sure now. Buying is the only way to go.
 
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