cramer calls market bottom+ new bull...market tanks

1/10/08 Cramer said financials were at rock bottom prices and advised his viewers to buy - XLF closed the day at 27.40

7/14/08 Cramer said to sell ALL financials - XLF closed at 17.72

7/30/08 Cramer once again likes financials and recommended buying them - XLF closed the day at 21.50
 
Quote from MrDODGE:

Sit around and watch how the market reacts. By that time you will have missed the move. Good luck with your fib retracements.
More...

And which MOVE would that be???

The 10 handle move down off the opening?

Or the 8 handle move from 10:20AM on?

Or the 8 handle move down into the 1PM low of the day?

Or how about the 8 handle move back up just before 2PM?

Or the 8 handle move from 2:30PM into 3:30PM?

As for fibonacci retracements, take the recent move up from the low at 1200.44 up to 1291.17 SPX and multiply by the fib of .618 and then subtract it from the high to get the most recent low. It worked for me, sorry you aren't able to comprehend how it could "work" for you.

(90.73 x .618) = 56.07

1291.17 - 56.07 =

1235.10

( the actual low on July 28th was 1234.37 )

Coming from someone that obviously doesn't TRADE for a living, you have once again shown that you have no idea what you are doing, or saying.

Thanks for stopping by.
You are as credible as ever!
:)
 
A broken clock is right twice a day.
Cramer's audience has a short attention span, so he says the same thing over and over. You've got to understand Cramer's audience! Shame on you, if you believe him. One day he will be right ... but is today that day? ??????
 
Ok all you bozo's that criticized Cramer on this call - all you guys look like idiots now and he looks like the smart guy. That's why he's on television and you guys are not.

The S&P broke through the upside of an ascending triangle today and the upside target is now in the neighborhood of 1380. Is he a genius - no. But you guys that criticized him had no idea either. That's why I said we MIGHT be at a bottom and let's wait and see.

Turns out he was right (lucky, maybe) and we should go either sideways or higher from here for the next few weeks. I still think the downtrend is not over but it will be a while before it resumes. Keep an open mind and let the market tell you what to do....
 
He claimed it was "THE" bottom. He even mentioned that it would go lower before going higher. But he claimed that the financials would not penetrate their recent lows from now on. So he has yet to be proven right.
 
Even a broken clock is right twice a day and this media clown has not even been able to beat broken clocks. Ok, he got one out of 100 (for now), good job :D

Daniel
 
Cramer is as good as the research that he gets, but like the weather it usually changes everday. Most of the research appear to come from his friends at Goldman Slacks. Well he keeps on plugging them.

Have you ever got your money back from the weatherman?, Well, Cramer is about the same.
 
You must log in or register to reply here.
Back
Top