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Marketsurfer says-- BOTTOM IN, time for longs!
- Thread starter marketsurfer
- Start date
Quote from ralph00:
What # bottom call is this of surf's? I've lost track. Perhaps surf could provide us w/the date and DJIA level of his other "bottom is in" calls.
Sure, i called a DJIA bottom in the 7777 area. Im not ashamed of errors in calls. I can just do my best, and let you know when certain things line up pointing toward the bottom. ofcourse, im not psychic nor perfect--just a trader/analyst.
surf
Quote from marketsurfer:
Sure, i called a DJIA bottom in the 7777 area. Im not ashamed of errors in calls. I can just do my best, and let you know when certain things line up pointing toward the bottom. ofcourse, im not psychic nor perfect--just a trader/analyst.
surf
how many"all-ins","bet the farm","no risk,no reward" trades do you have left?
Wow paper trading is fun!!!
Quote from marketsurfer:
Thanks, Sandy.
To further clarify this exact call, it is with 100 point stops on the YM. It may be slightly early, but I am convinced the bottom is here or very very near ( 100 points ).
regards, surf
If this is a "classic, historical bottom," then why the tight stop?
Historic bottoms need time and room.
100 points is around 10 ES, which is not even 1/2 a daily average true range.
Quote from marketsurfer:
Sure, i called a DJIA bottom in the 7777 area. Im not ashamed of errors in calls. I can just do my best, and let you know when certain things line up pointing toward the bottom. ofcourse, im not psychic nor perfect--just a trader/analyst.
surf
do you have particular indicators that you favor to measure exhaustion?
Quote from marketsurfer:
Sure, i called a DJIA bottom in the 7777 area. Im not ashamed of errors in calls. I can just do my best, and let you know when certain things line up pointing toward the bottom. ofcourse, im not psychic nor perfect--just a trader/analyst.
surf
Trader ? Now that's funny. A guy who sits up in the cheap seats and spews out calls taking no risk is not a trader.
Do you actually trade real money behind these calls? If not you are not a trader.
How is VN doin these days ? His personal account must be getting destroyed selling SP puts. Good thing he doesnt trade OPM anymore.
Quote from operator:
what are your reasons?
All of these bottom pickers have been wrong thus far. They're just playing a probabilities game, eventually they will be right, and they will point their fingers at you and laugh. Do a quick thread search to reinforce in your mind how wrong these tools have been for the past 2 years.
Marc Faber's analysis was taken out of context. Even the biggest bears are expecting an extensive bear-rally......followed by another massive decline taking us down to deeper lows. Don't put your trust in "false prophets".