I'm calling it - The Top Is In

Oh please... you were caught bragging about this on tape, obviously BEFORE the trade went south. Here's it is: http://www.mediafire.com/?0ielxnmeiro

Even if you got out at the exact high (23.44) of the following day, you got in at 23.18, which is .26 * 800 shares = $208 profit NOT COUNTING commissions and slippage... IF you got out at the exact high. ROTFLMAO!!!

So stop the BS... you're not fooling anyone. If you were good enough to catch this tiny move, you would have shorted the stock instead.
Quote from jack hershey:
Quote from Trader666:

P.S. You've amply demonstrated -- in this example and on numerous other occasions --that you can't predict even a few days in advance, let alone a year:

Remember how you bragged about your NTES trade just before it went south?
http://www.mediafire.com/?0ielxnmeiro

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2592993>
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Here is an annotated chart.

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We trade on 30 minute stock type charts during real time. The person whose chart this is, is a VERY successful trader. On Sunday I will post the current hot list for next week. I will also post the results of this week when we have our usual Sunday am meeting to set up for next week.

These times are difficult. Stock trading is necessary because a trader needs to sweep his commodities surplus profits weekly or more often. Therefore, it is incumbant on traders to have the contemporary context for each market they have accounts in.

The stuff T666 is posting has been addressed many times in the past. I, therefore, get another opportunity to remind traders how trading works on various levels as he goes about his business of frontending the methods we use.

For you guys who are swift, what kind of bar did T666 highlite in yellow? does anyone know what this portended? Cool. Question why didn't T666 and why did he edit the way he did?
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Yeah... you trade like Mr. Magoo drives a car.
Quote from jack hershey:
Someone noted that I may know something they do not know. As you or anyone can see I trade just like an ordinary person drives a car.
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Quote from lexcorp:

Fair enough. I actually like your chart/analysis, and if it was on something other than the ES (like an FX pair or a stock) id agree with you, but i treat the ES very different. Long only. Play WITH the government and not against them. Treated me well for a long time now. Its manipulated to always go up over time, and I use that bias in my ES trading.
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This! Higher price are guaranteed over time. g-u-a-r-a-n-t-e-e-d
 
The drop will come when its least expected, anyone who thinks the markets are going to keep on going is just an idiot, everyone believes the economy is going to be good as it was like it was just a few years ago, tech and dot com and all other stocks in between continue to make new highs. Please tell me the catalyst for future growth in some of these companies, how much cost cutting can a company do before it starts to actually hurt their bottom line. Where is the organic growth going to come from over the next 3-5 years?
 
Quote from S2007S:

The drop will come when its least expected, anyone who thinks the markets are going to keep on going is just an idiot, everyone believes the economy is going to be good as it was like it was just a few years ago, tech and dot com and all other stocks in between continue to make new highs. Please tell me the catalyst for future growth in some of these companies, how much cost cutting can a company do before it starts to actually hurt their bottom line. Where is the organic growth going to come from over the next 3-5 years?
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Don't sweat it. The smart money will always need the dumb money to take the other side of trades. I learned long ago not to try and argue, and just take their money and say thank you. :D

There's no question that this historic rally will end badly, just like the similar one in 1930. However, that doesn't mean it can't remain irrational longer and go further than most think. The long term big picture is not in doubt, however, the short term is always prone to surprises.
 
Quote from Ivanovich:

Looking not-so-good for the top call.
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I think there's something wrong with my charts - I cant see the new high

and what's going on with that volume? it looks higher on the down days

<img src = "http://www.elitetrader.com/vb/attachment.php?s=&postid=2599967">
 

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I didn't say the high was taken out. I said it's not looking good.

As far as volume goes, that's been the story for the last six months, hasn't it? Machine volume (no humans) almost the entire time as stocks like AIG get gunned for the stratosphere on nothing. Hell, even Lehman was doing well last month!

Despite the volume (or lack of) on the up move, we sure had no problem hitting new highs.

I hope you're right, honestly. Its just that the odds and recent history are against it.
 
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