Good Chance market near a short term low.

Quote from Apex Capital:

For someone that DOES NOT TRADE, you sure do know how to live in a world of fantasy.

Please feel free to prove me wrong by pasting a current screenshot of your positions within the next ten minutes.

My guess is that you will be evasive as usual, and not post a damn thing because you don't really trade.
You just play on the Internet in between Haldol doses.

:D
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You already wimped out earlier today, moron.
No screenshot, no CREDIBILITY.
 
you can always tell when someone is nuts when they quote themselves, like lithium capital did above.

this has nothing to do with me, lithium, this is all about YOU meeting Charlie Dow. and if you wimp out on meeting him, you will be forever known as the biggest wimp and loser ET has ever seen. of course, i'll just keep posting Charlies offer endlessly. This won't go away. sorry, lithium.

Quote from Charlie Dow:

Question: Are you David Goodboy aka Hank Rollins aka Marketsurfer or just try to be as obnoxious as him?

You have an open forum here at ET, why not be a constructive contributor? Why do you always have to act like a middle schooler with a testosterone problem? Hiding in the internet sure suits you.

Before you make a snide remark, I will preempt you.
I will be at Katana's on Hollywood Blvd, corner table outside overlooking the Boulevard on October 16th @ 8 pm. I'll be the one with the Magnum of champagne, one of Hefner's "Mates" and the ex Seal at the table. Come by and let me make a fool of you in public.
If you ever go out in public!:D
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Quote from Apex Capital:

You haven't been the ONLY one talking about it.
:)
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yes and my point being that it was obvious to many, so how come this guy is soooooooo late to the reality -- it is rather funny imo.
 
Quote from MacroEvent:

yes and my point being that it was obvious to many, so how come this guy is soooooooo late to the reality -- it is rather funny imo.
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Macro, Joe Battipaglia is the inverse of Michael Metz.

He has been a longstanding bull, and you are correct, it is truly funny that he has now finally thrown in the towel in his bullishness based on many issues that have been obvious.

Cutting his conservative accounts from 50% to 25% equity allocation and risk-tolerant portfolios
from 85% to 70% at this point and time is pretty amazing, given his daily bullish rants on CNBC.

As others here have pointed out, it could very well be a great contrary signal.
 
What floored me was his 15% allocation to gold. We'll see how this call works for his clients - that is, getting them defensive on stocks as they've moved down and going long gold as it's reached 17 yr+ highs. :D
 
Quote from Apex Capital:

Macro, Joe Battipaglia is the inverse of Michael Metz.

He has been a longstanding bull, and you are correct, it is truly funny that he has now finally thrown in the towel in his bullishness based on many issues that have been obvious.

Cutting his conservative accounts from 50% to 25% equity allocation and risk-tolerant portfolios
from 85% to 70% at this point and time is pretty amazing, given his daily bullish rants on CNBC.

As others here have pointed out, it could very well be a great contrary signal.
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yes i know who he is --- you would think some of these people would learn something over the years.
 
Quote from MacroEvent:

yes i know who he is --- you would think some of these people would learn something over the years.
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What can you say . . .
History does have a tendency to repeat itself.

Technically, he should have stopped himself out of the market and/or lowered his equity portfolio exposure when the SPX broke the previous lows at 1201.

Yet, he acts as if the reasons that he gives for his change in his bullishness on the market were not apparent until now.
Absurd.

By the way, the S&P is trading real well off the pivots.
1172.20 having been the first support level today, and seeing a nice bounce back up to the pivot at 1183.60 before fading once again.
 
James "vishnu" Altucher
This Market's Dirt Cheap
10/13/2005 7:54 AM EDT
A discount is one thing, but right now the market is baking in a depression.

Anyone with RM sub care to summarize the article?
 
Been trading today above the ES PIVOT of 1178.10 for the entire session. Also have pushed above R1 at 1184.40 and have put in a higher daily high. First time we have seen this kind of action since the peak on Oct. 3rd.

R2 at 1190.80
 
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