I am not fooled...it is time to sell sell sell!

So then wait until the end of summer and make a thread that says sell sell sell. How are you going to make a thread now and say it is time to sell but then go on to say it isn't time to sell yet? Makes total sense.
 
Quote from blowingup2012:

I know why things are going to fall...its March and I will not go through the follies and drama for now. I will wait it out until the end of the summer when we are nice and sold off. For many here, waiting that long will be an eternity.

Will this post be as correct as your previous proclamation announcing your exit from ET participation ?
 
Quote from ksmetana:

In my journal So Cal Prop Trader I did state a macro theory that said we will squeeze up before we made a new high. And now I am telling you we are going to top out, and the factors that are going to lead to it. I am telling you about the trend change right now...

The dollar, bond market, stocks, commodities, etc, are all assets. Money is moved between assets to at minimum preserve the capital's value. Big money uses macro theories, macro theories cause the trend breaks, they are responsible for the crashes and the bull markets, etc. Short term noise / hysteria vs long-term truth.

gotcha, thanks.....

The logic is sound; however, I always wonder how "rational" the market is. QE3 can certainly change things, as well as systemmic events on a global scale.

but your top call is noted, and as of this post it has been a good call.
 
Quote from blowingup2012:

I think this is a good time to sell. March always brings these little panics when you least expect.

Better go get your money back from Harvard....you Failed Big Time once again! :D :D
 
Big Money is as stupid as the average guy. Where were they in 2008? All major funds were caught with pants down from mortgage crisis every trader saw coming. They exhibit herd mentality and are no smarter than the high school dropout daytrader trying to make a 100 from reading level 2. The inefficiencies they were mining such as insider information euphemistically named first call services or front running large funds clients have dissapeared. Their Harvard educated economists are no better than the high school dropout when predicting market direction. Only funds making big money are those with central bank connections. Even Pimco lost money trying to time macro events. Regardless of size, only a fool tries to time market turns.
 
Quote from Wide Tailz:

Where is Grand when you need him. We have no more contrary indicator.


I know mon.

I kinda wish he wasn't banned. Was a great fade. There goes the contrarian indicator.

It was funny reading his posts also.

Oh well.
 
Quote from SteveNYC:

I know mon.

I kinda wish he wasn't banned. Was a great fade. There goes the contrarian indicator.

It was funny reading his posts also.

Oh well.

I don't miss him a bit. Glad he was banned. His contrarian indicator was the same thing repeated over and over again for over a year. Don't even need to repeat it. Besides he quit posting trades so we know he blew up trying to short the market. Good riddance to bad rubbish.
 
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