futures down---looks like ths is the start of the sell-off!
- Thread starter BlueStreek
- Start date
Looking 4 months ahead I was expecting the top in October. With new data from the last 4months available, the top is just around the corner.
http://i20.photobucket.com/albums/b235/chicagodaytrader/SP500EW.png
http://www.elitetrader.com/vb/showthread.php?s=&threadid=70338
http://i20.photobucket.com/albums/b235/chicagodaytrader/SP500EW.png
http://www.elitetrader.com/vb/showthread.php?s=&threadid=70338
do you think any fund manager would liquidate something before the year's gains are calculated and bonus are paid?
the total return is what counts.....cash is part of the portfolio.....bonuses are paid based on the total returns of the portfolio......positions+bonds+commodities+cash+etc=total portfolio returns
if i had large cap dow stocks in my portfolio i would sell them now and buy them back a whole hell of a lot cheaper....same thing for a bunch of nasdaq snp 500 stocks......damn chtr is around 2.76......it was 1.08 in august just as an example of the kind of price appreciation for stocks like ibm, xom, goog, bidu, appl....and on and on.....actually if i was managing a large fund i would sell a lot of inflated positions and lock in my gains for the rest of the year.....or better yet ....start shorting this top to the first pullback support level.....cover let it pop.....it will be a lower high....and then short again til the end of the year....you will have people who want to buy the pullback....but they missed out.....we never have had the september pullback.....so my ta says pullback....repop by latecomers....."but lower high" and then selloff of lower highs all the way down as comps will hurt yoy comparisons for earnings with the added pressure of slower gdp growth in us......money goes overseas....us markets go down further.
the total return is what counts.....cash is part of the portfolio.....bonuses are paid based on the total returns of the portfolio......positions+bonds+commodities+cash+etc=total portfolio returns
if i had large cap dow stocks in my portfolio i would sell them now and buy them back a whole hell of a lot cheaper....same thing for a bunch of nasdaq snp 500 stocks......damn chtr is around 2.76......it was 1.08 in august just as an example of the kind of price appreciation for stocks like ibm, xom, goog, bidu, appl....and on and on.....actually if i was managing a large fund i would sell a lot of inflated positions and lock in my gains for the rest of the year.....or better yet ....start shorting this top to the first pullback support level.....cover let it pop.....it will be a lower high....and then short again til the end of the year....you will have people who want to buy the pullback....but they missed out.....we never have had the september pullback.....so my ta says pullback....repop by latecomers....."but lower high" and then selloff of lower highs all the way down as comps will hurt yoy comparisons for earnings with the added pressure of slower gdp growth in us......money goes overseas....us markets go down further.
you suck.