I've read many of his posts and he seems to really know what he is talking about. A few weeks ago he also did make some calls on stocks that worked out well. In addition to this, he made 4 calls to a new member in private which he later thanked him for publicly since they were all good. Granted, I don't know who this new guy was and can't verify any calls made in private, but since Auto himself pushes for transparent calls from others, he's at least saying the right things. In my opinion, he says very little, but very much of it is little nuggets of gold, just like the double tops vs double bottoms in uptrends vs. downtrends. The way he talks gives me the impression that he is actually a trader and not just a forecaster/economist.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Are you his promoter? You will soon be getting a private message of you own, from the sight owner.
FWIW DAX is at 200 Daily SMA, whichever way it goes there ought to be a fantastic range expansion opportunity.
@Autodidact wouldn't you say a confirmation would be prudent in this case?
@Autodidact wouldn't you say a confirmation would be prudent in this case?
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You're an idiot, and I'm confident in saying this because I have seen many of your posts from the past. You should also learn the difference between site and sight.
If this is 1998, then yes I think that levels that would be considered unfathomable will be reached...IMO, this market has a bit of everything in it to throw everyone off the path...divergences, concentrated leadership in a few heavily weighted names, etc, etc...but the sentiment shifts are daily occurrences and the fact that this index could ramp 100 sp points with such ease makes the 2700-3000 level seem not completely unreasonable...
That sure would be exciting lol time to buy some S&P calls
If the market went for 2700+ I'd be incredibly worried about all the retirement, 401k, pensions etc riding off of that move (heck they're worrying now) and the eventual maelet badness down the road. I understand it could be considered contrarian and thinking outside the box to entertain those kind of levels but sometimes things look as they are. I mean consider pre-8/24, the market obeyed 6 months of resistance until finally dropping huge. However there's even more fundamental reasons the overall market probably won't keep hitting new and newer highs and if it weren't for cheap money and constant buyback juicing we'd probably be in a different place by now.
At the end of the day we should all be trading what we see and not what we want to see, that's a given. Just don't take the contra-angles too far.
At the end of the day we should all be trading what we see and not what we want to see, that's a given. Just don't take the contra-angles too far.
Long term, a solid buy, concur.