Quote from roctrend:
Quote from roctrend:
thanks again ET for the Best Contrarian indicator , short-term, out there, Love all the Bear Posts on Friday. When you peons, wussies get bullish let me know....post away.
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I don't know why you feel so cocky, you came here and posted after it was up 1%. Its not like you came on Friday evening and said I am going long because all you ET folks are bearish.
You have proved nothing.
The dang indexes are in the same place they were before the fed announcement. They are in the same place they were in March 2005. And just a whisker away from were they were in Feb 2004.
Nasdaq 100 is now in a bear market and 9% below its 200 day moving average.
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This is school, a lesson pal, sit down .... ET is a great s-t indicator as it gets for daytrader not always swing trader....learn...its okay.... I dont predict , but quick question for you, why with so much bear news the S&P made a lower low in cash not futures last week, and close above last week close? And how many stops do you think sit above 1269 Futures? any guess? I just play what I see, Predictions are for losers, those that cant trade....predict for what? Ego? trade price and volume. I lurk and wait for sentiment like AAII and ET Posts, etc. you trade with the Crowd? ha.Resistance 1269 look out if above, will go to 1285 if breaks by few points. 50-200 day shorts. But let's see if 1269 holds first.
When will watching sentiment become some widely used that it becomes useless, I believe we are close to that. The put/call ratio ain't what it used to be.
Rennick