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

Quote from riskfreetrading:

Could you guys say something about my market call? I want to go get some sleep.
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Translation : I'm an attention whore, PLEASE GOD SOMEBODY PAY ATTENTION TO ME!
 
Quote from riskfreetrading:

1. hey shortie. I would trade it, and put the longs in what is long term (retirement).

2. Do you want me to give an anology of market and a man who goes high and has a net used to two reasons: 1) safety or 2) to try to break it and fall thru it. Let us call that man Mr. Market....

Just let me know, and I will expand on the example. It gives a visual aid to market behavior. it is rational.
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my longs are left-overs from intra-day trading. i am trading out of them when the market rebounds like today (some losers from yesterday actually became profitable today).

i would not mind hearing the explanation of your analogy.
 
Quote from 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!

"
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9:16PM Sunday: Check the futures folks! All green, and all high!
Now they will give you good news to explain it.

The greatest timer of all time (not only the past, but also the future) has done it again!

Nailed the absolute bottom to the level of ONE MINUTE!

"she chewed them and spit them out.
bangholders pay RFT his dinner out."

And ivanonich, RFT has fucked you out.

:p
 
Quote from shortie:

if RFT provides some trading/investing insights, this thread should be moved to the educational resources.
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Futures are up man! Welcome to the club of smart money. Soon, you can spit on the face of the dean (he is a bagholder). :cool:
 
Quote from shortie:

my longs are left-overs from intra-day trading. i am trading out of them when the market rebounds like today (some losers from yesterday actually became profitable today).

i would not mind hearing the explanation of your analogy.
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Shortie: I do not have time to write a longer note, but I just wanted to say that I took my juicy (retirement) burger from the oven. The cook said that it may burn if we keep a bit longer, and suggested that it is one the best burger he has ever seen. :-)

At around 11:45AM, with sp500 at 955, and the dow, ..., etc...

:p
 
Hey folks: what do you think are the prospects of the trade:


"12:49PM with NDX at 1369.21, I am starting to scale in on short side" Time is now 12:49PM. So this is in real-time.
 
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