Marketsurfer Declares STOCK BOTTOM IN!

JSSPMK · Nov 4, 2008

Quote from marketsurfer:

Gentlemen,

The Bottom has been hit in the stock market. The DJIA will not dip below 7777 for at least the next 2 years.

surf

That is a heck of a stop suggested to call it a bottom.

marketsurfer · Nov 4, 2008

Quote from JSSPMK:

That is a heck of a stop suggested to call it a bottom.

how you trade it is up to you. it's a market projection not a short term trade rec.

best, surf

marketsurfer · Nov 4, 2008

Quote from EPrado:

Hey...even a broken clock is right 3 times a day...I was due.

stock_trad3r · Nov 5, 2008

we in the new era of perpetual upside. Buy all dips. dow 14k soon.

JSSPMK · Nov 5, 2008

Posted on 27/10/2008 in ES journal, INDU was about 1400 pts below yesterday close.

Quote from JSSPMK:

...it was a close shave today to break current reaction lows & perhaps price will breakdown. Looking at the daily chart I see a bit of a bullish wedge with price nearing current reaction low, so I would expect a rate cut tomorrow to incite buyers to step up, we are way too close to an important support level. As far as the FED is concerned, so I believe, they are under pressure to come up with something cool ie a rate cut of 1/2 point perhaps...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2147588>

Lawrence Chan · Nov 5, 2008

Quote from marketsurfer:

Let's not forget the trillion dollar cash infusion rally, when central banks talk, the stock market listens!

i have never seen a more obvious bottom in the market---technically and fundamentally.

surf

At 70 billion dollar burn rate per company (as AIG just did), it will only take 3 weeks in total to destroy all that trillion dollar.

The only way a trillion dollar is properly deployed is that when all those people who in the first place made the mistakes and created the mess right now are removed from their positions.

Clubber Lang · Nov 5, 2008

Quote from Random.Capital:

Just trying to be clear here - you're predicting the Dow will hit a level 375 points - or ~3% - higher than where it is now at some point in the next month.

Is that about right?

You're calling for a 3% rise?

Quote from marketsurfer:

yes--minimum of 10k by 12.1
surf

Well you lost 5% just today while looking for a mere 3% rise.

Awful call.

No way around it, just awful.

alientrader · Nov 5, 2008

oooooooohhh snaaaaap

JamesVU2000 · Nov 5, 2008

At some point the fiscal stimulus is going to work at least temporarily. It wil also introduce some major unforseen consequences.

marketsurfer · Nov 5, 2008

Quote from Clubber Lang:

Well you lost 5% just today while looking for a mere 3% rise.

Awful call.

No way around it, just awful.

i have much greater time and price horizons than 10k by 12.1.

these are long term calls, i do believe the roaring bull market is back for atleast the next 2 years and the absolute bottom is 7777. will there be volatility between now and the next all time high? sure, absolutely--how you trade it, is up to you. suffice to say, i am very confident in this call, as well as the gold < 600 by 4.1.2009.

regards surf