High Probability the Bottom is in - A rare Joab call

Quote from Joab:

SPY

Look at Monthly SPY chart at 79.50


Just barely took out 2002 lows - KEY support area.

Friday was the climax rally on the Daily
chart.

The price of Oil is the fundamental key for corporate profits to return soon.

Good riddance Bush


Up we go !
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LMAO...another one of the so called self procalimed "ET TRADING PROFESSIONALS"
 
Hello? The market rallied respectably after this guy made his call. Yes, he was wrong on the long-term direction, but if you followed it then you had a nice big profit in December.
 
Quote from Cutten:

Hello? The market rallied respectably after this guy made his call. Yes, he was wrong on the long-term direction, but if you followed it then you had a nice big profit in December.
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That may be true, but it's easy to custom fit a call to what's going on. The original poster called "the Bottom", not a short term bottom.

He was wrong and I'm sure he realizes it. I don't think anyone can make predictions for what's going on right now.

I've been hearing bottom all the way down. The true bottom will be when everyone starts saying they have no idea where the bottom is. :)

~telengard
 
Quote from telengard:

The true bottom will be when everyone starts saying they have no idea where the bottom is. :)

~telengard
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That seems to be the case right now. I haven't heard anyone call bottom yet, which is very unusual.
 
Quote from Eko_Trader:

That seems to be the case right now. I haven't heard anyone call bottom yet, which is very unusual.
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Well, here ya go...... we have a bottom! Bank It... :p

And, you heard it here first.
 
Quote from Ivanovich:

Well, there's pretty strong support at 0. That's about all I know.
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LMAO!!!! Don't count on it, I think we can break through that like a hot knife through butter.
 
Quote from Eko_Trader:

That seems to be the case right now. I haven't heard anyone call bottom yet, which is very unusual.
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Yeah, I'm seeing a lot of "uncharted territory" posts.
 
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