huge stock market rally is over for now!
- Thread starter B. Rowshan
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Given that the call is correct, and by all accounts it may prove to be a "good" call , the question is at what point will it be considered to be a"bad" call by Rowshan?
Personally, I believe it may be a good call as I had a confirmation on May 11 when the XLY rolled over, ES 923 , and remains negative ; not to say I got flipped late April, though.
My XLY doesn't get me in at the bottom and never gets me out at the top, but this it wasn't too far off....currently short XLY 23.99 and PBR 40.02... not ES, though. If the XLY recovers, I will cover and be "wrong".
Next week will possibly be the key to its outcome....should the market weaken below ,say, 875 by the end of the week, we could be off to the races.
This is my "call", "guess" ,"idea" or dream
Personally, I believe it may be a good call as I had a confirmation on May 11 when the XLY rolled over, ES 923 , and remains negative ; not to say I got flipped late April, though.
My XLY doesn't get me in at the bottom and never gets me out at the top, but this it wasn't too far off....currently short XLY 23.99 and PBR 40.02... not ES, though. If the XLY recovers, I will cover and be "wrong".
Next week will possibly be the key to its outcome....should the market weaken below ,say, 875 by the end of the week, we could be off to the races.
This is my "call", "guess" ,"idea" or dream
If the market moves up to break the S+P level mentioned in the OP, then the call is not a "good" call in my opinion. All it did was point out an area of resistance - which most of us knew anyway (the 924 area).
If it retests and then fails, then yes, it's a great call. Ever hear that old saying where predictions of the market can either give you a specific number or a specific time, but not both?
If it retests and then fails, then yes, it's a great call. Ever hear that old saying where predictions of the market can either give you a specific number or a specific time, but not both?
That's reasonable....just surprised I was so close to the top, then...
Is this your cheap and tacky attempt to lure me into posting more ideas? Please post the link to the post where I say i'm leaving ET.
Actually, this is what I said:
And this remains true. I will never share another new idea on this board.
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But in my first post on this thread, I gave a specific number AND a specific tme and BOTH were 100% correct. You must be a pretty dim bulb to then come on the very same thread and say it cannot be done.
There's an old saying that a good moderator is one who you don't know is there.
Actually, what happened was that you stated a "top" of 928 at 3.pm
You posted 3.07 , therefore while you may be correct with the 928 top you posted the time of the event AFTER the event.In other words, you either pick the number, which you did, or the time it was going to occur, which in this instance, you did not as it was hindsight.
To put it another way, you CANNOT be "100%" correct by both timing and suggesting a number...it is beyond anybody's ability to be able to do both for the simple reason it is simply IMPOSSIBLE to do it as no one can correlate the exact time both events will happen.
Get a grip....and while you are at it, you may be kind enough to tell us when you expect to buy back and precisely when you will do it .
...oops , I forgot you will never provide us with another "idea" again....please keep your word.As someone who has consistently stalked my threads in the past, do you really think your blabble means anything here and now?
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