Fed Announces Rates!! Massive market Surge!! I Am Right

[HolyGrail]

Fed Announces Rates!! Massive market Surge!! I Am Right

I don't know why, but every time I see this thread's title it just cracks me up.

I guess it's the combination of the words "massive market surge" which there wasn't anything close to a surge, and "I am right" which of course we all know he wasn't.

 

[riskarb]

Quote from Wayne Gibbous:

HANS - Good gawd - down about 20%! Cramer must have reiterated a "Moan Back".

Nasty...

Good luck dude.

I'll never understand the HANS story. They give the sh*t away at Costco. Pepsi and Coke products are 2x the price.

 

[DHOHHI]

Quote from William Rennick:

aka Hairdresser

aka "areyoukidding" ...

I doubt he (they) can even spell S-H-O-R-T ...

 

[slapshot]

this has to be one of the funniest loser threads I have ever read...

 

[stock_trad3r]

Hans gets killed and falls to 30. Loss~31%

Chap 72

TIE 27

AAPL 68

GOOG 388

Overall this sucks.

However the nasdaq is rebounding but it doesn't matter at this point since the average is weighed down by Hans and Tie.

Although my picks have been awful I was right about the market rebuonding suddenly. This week alone the nasdaq added nearly 100 points.

AND SHOWS NO SIGN OF STOPPING AS IT CLOSES AT ALMOST 2150 TODAY..A COMPLETE REVERSAL SHORTS GETTING KILLED

We could see the nasdaq go to 2350 by September easily.

And then maybe 2500 by november.

 

[polpolik]

This is a blowoff top and the precursor to a huge market drop in a week or two - IMHO.

 

[stock_trad3r]

Quote from stock_trad3r:


Looks like the bottom has already been formed

http://finance.yahoo.com/q/bc?s=^IXIC&t=2y&l=off&z=m&q=l&c=

around 2080 or so and will rebound in a few months back to 2300. Should be no problem. Nice cup and handle. Also, all bad newses is PRICED IN. That means that the fed hikes and that nonsence doesn't have the same affect as b4.

Thisis how you make money position trading. You buy some quality sotcks and hold on to them. Some do well and some may suck but overall you should do well.

And this is jsut the start. Shoud the nasdaq rebound to 2300 I estimate an overall gain of %20 for all my picks so thats some good. [/B]

Atleast I got this part right about the markets rebounding sharply. Stupid HANS ****** my record. I was almost in the black.

 

[jho]

Congrats on your correct prediction (Although it happened a little later than you expected) but hey you were right ... right?

Isn't that what this thread is about?









*Good luck with the losses*

 

[krazykarl]

Quote from polpolik:

This is a blowoff top and the precursor to a huge market drop in a week or two - IMHO.

what are you basing that on?

 

[polpolik]

I'm mostly basing this on my chart patterns and volume action. About a month or so ago, I suggested in the chatroom (when market was tumbling down huge) that the market could rally for a blow off top before any continued drop.

I have covered my ES shorts from 3 weeks ago. I now think there will be a very good short opportunity ONCE there is a sign of weakness in the market. For now, this could keep going for maybe another week or so.

Unfortunately, I don't have Rennick's crystal ball