DOW at ~ 8250 (cash equivalent) is The Bottom!

[Jayford]

Quote from milktruck:

making calls is gay. leave your ego out of it and youll be a better trader.

no shit. almost everyone is wrong, and no one cares what others think. Just trade and go with the flow. Making predictions on public forums, other than I'm bullish or bearish, is silly. mostly its done by people that don't make much trading. The good guys just stay quiet about this stuff (usually cause they know they don't know).

BTW, futures dropped another 400 points from that, even IF this is the bottom. may be a bottom, which you were wrong on anyway. I doubt it is THE bottom as the global recession has barely begun. markets bottom about half way through recessions.

 

[krazykarl]

Quote from riskfreetrading:

If they are wrong calls. But when they are right calls, they are great.

What do you think?

Your call was wrong. There was a 10% lower print when the US session opened.

Now please leave.

 

[jackangel]

Quote from riskfreetrading:

Could you guys say something about my market call? I want to go get some sleep.

there are better ways to seek attention.

someone move this to the AIDS/HIV forum.

 

[shortie]

if this bottom does not work out, would that mean that the things are really really really bad?

 

[riskfreetrading]

Folks, here is how I traded it today. I am copying and pasting the trading post from RFT's blog:

"As predicted in the article of 12 hours ago, today October 10, 2008, we declare the end of the Stock Market Crash 2008. We are back to normal trading--Stock Market Crash 2008 Ended Today 10-10-2008 (10/10/2008).

1:19PM: with NXD at 1219, we are starting to scale in on long side.

1:49PM: with NXD at 1198, we have added a second part to the position.


PROFIT TAKING:

3:35PM: with NDX at 1315, we are offloading the long position.

More than 100 NDX points profits is enough. LONG LIVE THE BLOG!

"

 

[stock_trad3r]

The econmy is to fundamentaly strong for the recovery to not be v shapped. Mark this.

 

[riskfreetrading]

Quote from shortie:

if this bottom does not work out, would that mean that the things are really really really bad?

I agree with your concern, but one should remember that there is a reason for the bottom: it already did the cleaning in the bear market of 200-2003.

 

[riskfreetrading]

Quote from JA_LDP:

you do know there is a thread dedicated to bottom calling, right?

I did not know, but there is only one great market timer of all times. He is RFT!

 

[dsq]

Quote from riskfreetrading:

What is the problem? R U jeoulous that I get it right again?

PS: this bottom has nothing to do with world leaders, and all of that. The market never lies--use that as a principle for prediction.

riskfree=stocktrad3r

btw,you havent posted a screenshot of your trade today...no trading account?

 

[riskfreetrading]

Quote from riskfreetrading:



"As predicted in the article of 12 hours ago, today October 10, 2008, we declare the end of the Stock Market Crash 2008. We are back to normal trading--Stock Market Crash 2008 Ended Today 10-10-2008 (10/10/2008).

1:19PM: with NXD at 1219, we are starting to scale in on long side.

1:49PM: with NXD at 1198, we have added a second part to the position.


PROFIT TAKING:

3:35PM: with NDX at 1315, we are offloading the long position.

More than 100 NDX points profits is enough. LONG LIVE THE BLOG!

"

The screen is above. Ask ET members who follow my blog. They know that the above is real-time, and that it is the truth.