Anatomy of a retreat/selloff

[noddyboy]

Quote from noddyboy:

Give me one reason why longs won't take some profits off the table at this point...

We are probably at the Dec 2002 point of the bear market and muddle through from here for a few months.

 

[riskfreetrading]

Quote from noddyboy:

Give me one reason why longs won't take some profits off the table at this point...

They do not have them

Current longs are either red because entered a long time ago, or recent long entered in a musical chair. Both are in red.

 

[riskfreetrading]

Quote from krazykarl:

You don't have any models. Stop talking and read more before posting.

How do you feel now? 914+5=919, which was the exact top close you could have sold at! Never second guess powerful models!

Now a little bit more seriously, how many of you want to know the principles on which the models that nailed it is based on? Please ask.

 

[krazykarl]

Quote from riskfreetrading:

How do you feel now? 914+5=919, which was the exact top close you could have sold at! Never second guess powerful models!

Now a little bit more seriously, how many of you want to know the principles on which the models that nailed it is based on? Please ask.

I feel fine. Only fools trade opens and closes.

We still don't care about your BS - we're too busy watching the tape.

My call of 1050 by fall stands.

 

[hairdresser]

Sounds like the same call the street's been making.

 

[Petsamo]

From SyHardingBlog.com, we hit the 200 day moving average. I think this is the turning point guys.

Tomorrow, I believe we'll recover some but not all. The longs think this is a chance to buy, so they'll send the market back up. You shorts should allow the market to go back up so you too will benefit.

Monday, will be the big drop.