too funny
reminds me of the bible-thumpers defending the age of the earth at 7000 years
its gettin harder though, aint it....
I'm calling it - The Top Is In
- Thread starter swtrader
- Start date
too funny
reminds me of the bible-thumpers defending the age of the earth at 7000 years
its gettin harder though, aint it....
My buddy allan let the air out of the bag slowly in 2001 --- I don't think our old friend Ben will have the same luxury in 2010
time will tell
Quote from saliva:
Chill out! It's not WHAT you see, it's HOW you see it.
gigidy!! <img src = "http://i2.bebo.com/017b/3/medium/2007/02/11/21/2494024314a3582677911b62288307m.gif">
http://www.youtube.com/watch?v=FiJ-OIR73jQ
nobody is lynching anyone for some market call (by the way you can read about dozens of market calls at any given day, so somebody must be right at any given time, so what). This guy has zilch clue about the market other than his 2-3 moving averages which he believes the market respects. Such ignorance shows a lot of lacking knowledge of what really drives markets. What else can I say...
He has already demonstrated that he lacks basic probability skills...
He has already demonstrated that he lacks basic probability skills...
what i keep being told, over and over, is that 'calling a top' is a fool's game and that you buy at a pullback to the trend,
yes, that IS true - in a BULL MARKET
this, however, is a bear,IMO
shorting resistence in a bear is the same as buying support in a bull
i think most people are confused about the timeframe = they're refering to the timeframe within a power spike, i'm refrering to the overall trend WHICH IS STILL DOWN, until proven otherwise
on the day I called it, I called the hypothesis in this thread confirmed
http://www.elitetrader.com/vb/showthread.php?s=&threadid=176672&perpage=6&pagenumber=1
in the 24 days that have passed since 9/17/09, what is the highest close above that day? 4 points, the day I said was the top. (the previous 9 trading days, it had run nearly 80) A day that STILL isnt taken about. A close of 1071.66 followed by a day with an interday high of 1080. Depending on one's technical discipline, either could be called 'the top' but neither have been taken out. That is what they are prematurley gloating about
It has not closed a monthly bar over the 20 month moving average, either last month nor this month's lower 20 month ma at around 1052
holding a mere 4 points for 24 days in a historical powerspike is hardly and invalidation of the hypothisis of either thread
<img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2578747">
What time frame are you looking at to determine the trend is still down???
We've been in a strong uptrend in which you buy every pullback for months now.
The market broke through the 200-period moving average in July and on a 5- or 10-year chart the 200 MA is now rising, confirming that you buy every pullback to the rising MA.