+1000
I urge op caution around sharp objects.
Market Outlook
- Thread starter GrandSupercycle
- Start date
+1000
I urge op caution around sharp objects.
Grand, some advice:
Don't go chasing waterfalls
Please stick to the rivers
and the lakes you're used to
- TLC, Waterfalls
Don't go chasing waterfalls
Please stick to the rivers
and the lakes you're used to
- TLC, Waterfalls
There is NO competent technical basis to be calling a major market "top" in the S&P. None.
And after that reverse pennant breakout the first of the year, continuing to call for a market breakdown was folly in terms of technical price action.
Higher highs and higher lows. Classic.
If I was already long, I would lighten up at 1370 ( last Fall's highs ), 1425, 1500, and short 1575.
In terms of initiating a fresh short, you definitely want to have a few hard closes below that prominent trendline. Give up some trading range in exchange for better confirmation. Just look at that Bear Trap from last Summer. Ouch.
And after that reverse pennant breakout the first of the year, continuing to call for a market breakdown was folly in terms of technical price action.
Higher highs and higher lows. Classic.
If I was already long, I would lighten up at 1370 ( last Fall's highs ), 1425, 1500, and short 1575.
In terms of initiating a fresh short, you definitely want to have a few hard closes below that prominent trendline. Give up some trading range in exchange for better confirmation. Just look at that Bear Trap from last Summer. Ouch.
I don't want no scrubs.
A scrub is a guy who
can't get no where with me
hanging on the passenger side
of his best friends ride
trying to hollar at me.
I propose that we create an ET octagon, say in Kansas City so it is about the middle of the US. There we settle such matters in a no rules match with no time limit. I bet grand superduperpooperscooper would use a lot of biting, kicking, screaming, and scratching but at least the feud with hind-ender would reach its natural climatic conclusion
I wonder how many times he has to be wrong before he's right? :eek:
Once? Or twice more? Sooner or later, this moron will get lucky simply because it's impossible to ever be wrong as persistently as he's been saying there'll be a waterfall selloff, whatever that means. Betting we set a higher low above NQ's 2575 followed by a breach hh or new lower high.
Chart shows a clearly defined lower high. That was a pitifully low volume rally on greek speculation that won't prevent Eurozone recession. Lower high at 2640 in NQ.
Sad part is that I'm not even Nine Ender. I don't know why he thinks I am.