I am with you. We are not quite there. Thoughts for Monday.
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cramer calls market bottom+ new bull...market tanks
- Thread starter dsq
- Start date
Quote from netedge:
Cramer is not a stupid guy. But I don't necessarily consider him a skilled technician either. When he says we've put in a bottom perhaps the worst he can be criticized for is for being vague.
I have heard him say he considers using most technicals some type of voodoo, though he has indicated his respect for a few technicians. He is a pure fundamentalist. Maybe that's why he keeps missing on his bottom call. Of course, a lot of technicians have missed the call, too.
The only pundit I've not heard call a bottom on CNBC is Art Cashin. I listen to him and Santelli.
He's a moron but he may be right about the July lows. IBD has called it as well and they have an excellent track record. (75% or so at calling bottoms)
I'm pretty sure IBD called it before Cramer did.
As far as his show, like it or not if he mentions a stock and you trade news plays, he makes news. One professional trader told me that often play the opposite direction but that they do listen to him.
On his show tonight he said, "I tried to save the American Financial System." Arrogance doesn't begin to describe it.
I'm pretty sure IBD called it before Cramer did.
As far as his show, like it or not if he mentions a stock and you trade news plays, he makes news. One professional trader told me that often play the opposite direction but that they do listen to him.
On his show tonight he said, "I tried to save the American Financial System." Arrogance doesn't begin to describe it.
Quote from dsq:
cramer said yesterday its official the market bottom is in ,load up,etc the usual bs and.....the market tanks.How this idiot does this especially before an unemployment number announcement shows his wrecklessness.
He is no better at calling markets than a drunk driving a car.Actually he s a damn good contrarian indicator.
MARKET IN RALLY MODE
Yeah that's the INVESTORS BUSINESS DAILY outlook changed this week from market in correction. Some of you dumb heads do not realize that the downtrend will end someday and a new bull market will emerge.
Enough of this doom and gloom.
Quote from HedgefundTrader2:
MARKET IN RALLY MODE
Yeah that's the INVESTORS BUSINESS DAILY outlook changed this week from market in correction. Some of you dumb heads do not realize that the downtrend will end someday and a new bull market will emerge.
Enough of this doom and gloom.
They call it a Follow Through Day and it marks a time when position traders can start looking to go long on institutional quality stocks that are emerging or breaking out from proper bases.
IBD warns that not all FTDs pan out but there has never been a bull run without one. It's also not based on anything subjective either which I really like. They have a free video on just what it is and how to spot it in their Media Section on their site at investors.com.
And just so don't hijack the thread, Cramer is still a moron.
So while there's no guarantee, it's certainly a wake up call for position traders.
ah good ole day is back! What are your posistions these days? What hedge fund do you trade for?
Quote from Bogan7:
CNBC Europe is completely different from the morons you get on the US section. You only have to look at the quality of guest commentators they get compared to the US team. Well worth watching
cnbs europe is the same format...plenty of idiot market prognosticators except they have funny accents.Not as pompous,delusional or outlandish though.