Crash Countdown

[EPrado]

Quote from Lights:

are we going to have to stand on line for bread?

When idiots like this precther guy make bold statements, go size the other way.. everytime a moron like him, Battipaglia,gazzarelli, or any other talking head make a bold prediction, the market makes them look like clown shoes.....

Everytime I see Battipaglia on tv I get this strong urge to sell hundreds of sp's.......

 

[Free Thinker]

Quote from blogtrader:

only a few more hours till the crash of the century

sounds like a street corner preacher. repent before its too late. jesus is coming

 

[DTraderNic]

Quote from blogtrader:

be warned, this is all a conspiracy to keep the market up and avoid the depression, but the waves are stronger than any government

100% correct blogtrader. The problem is there are enough fools who belief this government bull shit and buy the lies. Since the distribution started in january 2004 it has been very easy to foretell when the next super bullish government stories would be broadcasted. And until now it has worked for them!

 

[blogtrader]

there is only one true wave, the elliot.

and its prophet is bob prechter

 

[plugger]

Quote from EqtTrdr:

Did we crash yet???


Im bored

Here's an idea, why don't you try some actual trades. Instead of sitting around and posting your endless drivel, show everyone how much smarter you are than Prechter.

You're just another loud mouth, armchair critic.

 

[EqtTrdr]

Quote from plugger:

Here's an idea, why don't you try some actual trades. Instead of sitting around and posting your endless drivel, show everyone how much smarter you are than Prechter.

You're just another loud mouth, armchair critic.

yes and your point is?

 

[blogtrader]

actually I was long today (the day of the so called crash)

eminis.blogspot.com

 

[mhashe]

Quote from blogtrader:

Bob Prechter predicted a crash for this week, join me in the countdown LOL

Prechter is perenially wrong. But then again the EW process itself is deeply flawed and works only in hindsight. One has only to look at the few EW "gurus" who post their charts on ET to see that to be the case. These guys have been the biggest fade around.

So far the only guys whose market turn forcasts I've found to be tradeable have been Mark Cook and Barry Ritholtz. Does anyone have an updated view of Mark Cooks tick based oscillator?

 

[realtor]

Quote from JayS:

Anyone else remember that day in Oct '97, that was about a year after I started trading. Fun day, I was trading mostly options then, I think my broker was DLJ direct

I DO remember being in the market crash of '87. That one actually hurt.

 

[doublea]

I knew that it was a great opportunity to cover my shorts when Pretcher called for a crash, but my analysis still point to a lower S&P so I'm short here, although it feels stupid being short after such a huge day. I need to take all the signals and not second guess my system. I do not think we will see the year end rally like we did in 02-04. At least the bond market doesn't point toward to a year end rally yet.

A crash is more likely than a rally from this point. We'll know soon.