Market will be down over 2% on Monday

Bob111 · Jul 11, 2011

Quote from Lucrum:

Can you post this weeks winning lottery numbers while you're at it?

yeah..why bother with 2%..let's hit the jackpot

hajimow · Jul 11, 2011

Quote from Bob111:

yeah..why bother with 2%..let's hit the jackpot

I don't buy lottery. I only trade. After trading 17 hours, sometimes you feel that you know what the market would do. I have been wrong and right thousands of time. The important thing is that you should trade in a way that if you are wrong, you won't lose your shirt. By the way, my postings are for entertainment only. You are on your won if you follow me and lose.

Spooz Top · Jul 11, 2011

nice call......spooz were leaning that way last nite....but nice call nontheless.

Lucrum · Jul 11, 2011

Quote from hajimow:

I don't buy lottery. I only trade. After trading 17 hours, sometimes you feel that you know what the market would do. I have been wrong and right thousands of time. The important thing is that you should trade in a way that if you are wrong, you won't lose your shirt. By the way, my postings are for entertainment only. You are on your won if you follow me and lose.

Well done.

Petsamo · Jul 11, 2011

Quote from hajimow:
This is based on my experienced gut feelings.

I say it was based on the negative 18 on the Nasdaq futures before the Nikkei opened at 6 pm US EDT.

hajimow · Jul 11, 2011

Quote from Petsamo:

I say it was based on the negative 18 on the Nasdaq futures before the Nikkei opened at 6 pm US EDT.

Check out the time when I posted. S&P was down 0.41% and not 2%. Do you mean every time that future is down 0.41%, the next day market will be down 2%?

pattern39 · Jul 11, 2011

Quote from hajimow:

Check out the time when I posted. S&P was down 0.41% and not 2%. Do you mean every time that future is down 0.41%, the next day market will be down 2%?

"This time it's different"... Cry wolf enough times and people will stop believing you... And that's when your call is real...

Just like... Oh, in the past they didn't raise the debt ceiling and the market didn't give a hoot. Those who say "this time it's different" are idiots...

shortie · Jul 11, 2011

good call from haji.

some people will ignore any evidence even it's a simple difference between ES value at the time of the call and the current value.

hajimow · Jul 11, 2011

Quote from hajimow:

I don't buy lottery. I only trade. After trading 17 hours, sometimes you feel that you know what the market would do. I have been wrong and right thousands of time. The important thing is that you should trade in a way that if you are wrong, you won't lose your shirt. By the way, my postings are for entertainment only. You are on your won if you follow me and lose.

I have not traded 17 hours. It is 17 years. I correct it.

Petsamo · Jul 11, 2011

Quote from hajimow:
Check out the time when I posted. S&P was down 0.41% and not 2%. Do you mean every time that future is down 0.41%, the next day market will be down 2%?

A 0.41% negative before the Nikkei opens is substantial and can snowball to 2%. Had you made the prediction at Friday's close, I would've been impressed.