No comment, surf? Also, I still await a response in nitro's brain thread where you engaged me in an exchange.
Marketsurfer says-- BOTTOM IN, time for longs!
- Thread starter marketsurfer
- Start date
There was no "amazing call. A one day reaction is random, not amazing. Citi profited unexpectedly. That has nothing to do with a 'bottom"
Suggest holding longs here. 7777 remains next solid resistance in the cash DJIA. Expecting 1000 points plus minimum from entry point.
historic bottom in place.
regards,
surf
historic bottom in place.
regards,
surf
sorry, tdog. i don't respond to unfounded and frankly bizzare accusations.
surf
surf
Speaking of 7777 i'm confused. What happened to your "BOTTOM IS IN" call here:
http://www.elitetrader.com/vb/showthread.php?threadid=143745
You called for a "bottom on 11/4" and the S&P and DOW then lost OVER -20% of their value in the next TWO weeks!!
Surely after losing -20% in TWO WEEKS, you are not rejoicing here, are you?
Bizarre? Hardly. I was merely suggesting that it was a fluke by definition because you could not have known about Citi's surprise earnings news, which was essentially the only factor in the run-up.
When you pick bottoms...you usually come up with a stinky finger and Surf my friend........ you have a full hand of stinky fingers.....so put your hand in your pocket before you embarrass yourself again..... trade the price actions and stop guessing.
Pull your thumb out of ass and wait for the retest to fully confirm your bottom and than put on your high probability trade. Come on bro and stop taking these waves right on your head....it can cause long term damage.
Pull your thumb out of ass and wait for the retest to fully confirm your bottom and than put on your high probability trade. Come on bro and stop taking these waves right on your head....it can cause long term damage.
MarketSurfer: Closing above another key support level with gains in higher trade certainly does add another piece to the puzzle.
It is enough of a "confirm" for me to now venture in with a test LONG position until it further proves itself.
I do not know what you based your call on - but yes, a 100 point range and an "historic bottom" we may have.
It still may not be the end all be all bottom, but only a fair-poor tradeable rally. It is still too soon to even KNOW that, hence my <i>phase</i> into LONGS.
But kudos. So far so good.
This market will still need sound fundamental and technical leaders. There are NONE right now, but they may shore up in the process.
Or not.
Been there done that!
We need buyers like today and Tuesday to come into the market with heavy (institutions) trade.
We shall see.
It is enough of a "confirm" for me to now venture in with a test LONG position until it further proves itself.
I do not know what you based your call on - but yes, a 100 point range and an "historic bottom" we may have.
It still may not be the end all be all bottom, but only a fair-poor tradeable rally. It is still too soon to even KNOW that, hence my <i>phase</i> into LONGS.
But kudos. So far so good.
This market will still need sound fundamental and technical leaders. There are NONE right now, but they may shore up in the process.
Or not.
Been there done that!
We need buyers like today and Tuesday to come into the market with heavy (institutions) trade.
We shall see.
Man, like clockwork i shut down another thread - - RUN, pay$ense is a monster!!!
FYI - I think this applies:
"Markets on Friday neither extended nor contested Thursday's rally confirmation, notching a positive finish, but in lower volume."
Things are looking up, lol.
The first higher volume week of the top 5 in the past year that was not down? Maybe things are starting to turn around.
It was one of precious few up weeks since last November, I think.
p$
FYI - I think this applies:
"Markets on Friday neither extended nor contested Thursday's rally confirmation, notching a positive finish, but in lower volume."
Things are looking up, lol.
The first higher volume week of the top 5 in the past year that was not down? Maybe things are starting to turn around.
It was one of precious few up weeks since last November, I think.
p$