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Cook's Crash Coming?
- Thread starter sKaLpZ
- Start date
If I had a dollar for every time someone predicted a crash, I wouldn't need to trade.
Quote from forextrades:
If I had a dollar for every time someone predicted a crash, I wouldn't need to trade.
Ha, I said that too but I was corrected. This isn't just "someone" we are talking about, it is Mr. MARK D. COOK, the famous wizard of trading. I was also told that when his indicator works, it really works well.
A few others are calling for a top also and that includes people of the caliber of Sid Klein, Paul Desmond, Mr. Belkin, Mr. Dorsey, Mr. Davis and pretty much most market pundits I know and I shouldn't listen to. And to top it all off I am bearish myself (my signal came yesterday from the NYA composite) and that's why I am very unconfortable here knowing I have a lot of company. But I gotta go with the shorts even though I came late to the party, a signal is a signal.
Best.
Quote from coasting:
Ha, I said that too but I was corrected. This isn't just "someone" we are talking about, it is Mr. MARK D. COOK, the famous wizard of trading. I was also told that when his indicator works, it really works well.
A few others are calling for a top also and that includes people of the caliber of Sid Klein, Paul Desmond, Mr. Belkin, Mr. Dorsey, Mr. Davis and pretty much most market pundits I know and I shouldn't listen to. And to top it all off I am bearish myself (my signal came yesterday from the NYA composite) and that's why I am very unconfortable here knowing I have a lot of company. But I gotta go with the shorts even though I came late to the party, a signal is a signal.
Best.
Could you elaborate on how Dorsey calls the tops? I understand he uses data related to options pricing. Cook uses a cumulative tick intraday count where he records # intraday ticks above/below +600/-600. I don't see any crash coming anytime this year. If it does happen it'll be around mid '06. The real estate bubble, more war, debt crisis, earnings dissapointments etc should climax right about then resulting in a freefall.