Mark my words here...

23 trading days of straight positive blotters ... that bentley GT is coming soon .... I'll post pictures for you punks!

Swordman you can smell the interior when I pick up your sister !
 
Quote from The Swordsman:You must have misunderstood, he said when we break 1220 on the ES we would THEN drop 200 pts and quickly. We opened down to that level this morning (via a gap down), hardly went any lower before rallying HUGE. He was incorrect. He tried an plays it off like we were down 180 on the dow but thats where we opened, not what happened AFTER 1220 was breached.
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Well I'm willing to give the benefit of the doubt on the 1220 breach, because technically that's a false signal.

Secondly, he SAID we'd drop 200 pts after 1220 was breached but said NOTHING of it being the dow so really it should be interpreted as 200 S&P points which is a ridiculous call for one days action.
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That's the thing though, 200 ES points is so ridiculous it had to be YM points. The first time I read this prediction/reading/whatever of his I interpreted as such.

His other calls (besides today) were accurate but thats the game. The market makes you think you can do it all the time but alot of what happens from day to day CANNOT and WILL NOT be able to be predicted. I implore you and Simon to TRY it for a month and see how you do.
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I don't predict squat unless it's about the next immediate direction, which is what we all do by taking positions (aka:trading).

As for him (and anyone else), I do give people a 85% average (which is TA), because even the best of them (Buffet, though he's not much of a "trader") can't have it all.


And again, I'm giving him the benefit of the doubt (not worshipping him by any means), simply because we went south of the 1220 since pre-market and basically held there till the 10am economic whatever (which is basically "foreplay"). That and the fact that we only went there once and once only.

His "rally to the close" is more important to me than "close slightly below" which he did miss, and by more than a full percentage point, though 1% these days isn't worth the same (crazy-ass volatility).

And I give him points for his "news" which is other than reports/earnings/predictable (well predictable news yes, but I'm talking about timing) in the Goverment pimping LEH to BAC and whatnot.


All in all this is still interesting (minus the yoga, left nut, etc). Can he do it again? Dunno. Over and over? Don't know... and frankly, I, nor anyone, will/should be "believing/advocating" anyone unless they consistent for a timeperiod in the 6 months range (heck, people still believe that Buffet is more lucky than "predictive"...)

Overall, a surprising curiosity...
 
I did Mean 200 or more on the downside.. if the ES 1220 was breached.. not after 1220.. that jackass is editing my posts.

We were down 180 after the ES 1220 being breached.. I was off by 20points
 
again.. this was the 4th day in a row!

the other 3 were dead on 100%..Never mind the calls I made in august 100% dead on!. However I will no longer make my posts.. as the idiots here seem to not want my take on the markets...

I'll just continue having intercourse with their family members :)
 
Quote from priceman:

fine simon, tells us your prediction for tomorrow? you said you give predictions when asked for
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kiss my ass.

Somehow Im starting to think your actuall name starts with a D or an R.


That should just say it all to you!
 
Quote from ProfitTakgFool:Simon may have made a few good predictions but there is a huge difference between predicting the market and making money on those predictions. Even if you are right you can still lose money. I've been dead right on a move many times and lose money as a result because my timing was just off. So even if Simon said the market would open down 180 and rally all day it doesn't mean he made a dime off it, even though of course he says he did.
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Oh, I fully agree. I mean, he talked about making 2k, on such a move? I made half his money and I barely scalped the opening.
And my timing is off all the time. Need to work on that.

Trading is not about predicting. It's about analyzing the market, trying to get in tune with the movement and having a plan for if your analysis is correct AND if it is not, with the latter being of utmost importance. It's not about being right or wrong; it's about making money.
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Well I take "predicting" in the wide sense. If you expect/read/analyze a potential move before it happens, you're predicting.
Making money is about being right on your trade.

My strategy is so freaking simple. If the market is falling I'm buying and if the market is rising I'm selling. I know with almost 100% certainty that if I try to catch a move or predict when and where the market is going it will take me about 3 or 4 tries to get it right, assuming I'm right in the first place. Why bother? Just wait until it happens and fade it. That's my MO. I really don't give a rat's ass if the market goes up or down but apparently many others do. Enjoy it while it last Simon, because it won't.
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Hey I'm a counter-trender myself, simply because I can't differentiate a pullback from a reversal in the intraday timescale.

"True knowledge is knowledge about one's own ignorance" and I'm a fervent disciple of that.
 
:eek:

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^^^^ swordmans pimp baba!

hahahaha



to end the day.. I leave you guys with a picture of the almighty...

cramer.jpg
 
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