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Marketsurfer says-- BOTTOM IN, time for longs!
- Thread starter marketsurfer
- Start date
<font class="vb"><b><a href="http://elitetrader.com/vb/member.php?s=&action=getinfo&userid=10405" target="_blank">marketsurfer</a></b></font>
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<p> <font class="t2">Registered: Apr 2002
<br /> <a href="http://elitetrader.com/vb/search.php?s=&action=finduser&userid=10405">Posts: 13071</a>
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</p> <font class="t2"> 11-12-08 <font color="#000000">06:48 PM</font></font>
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<p><font class="vb">
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<hr size="1" /><font class="quo"><i>Quote from Thunderdog:</i>
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<br /> <b><font color="red">Finished</font> as in <u><i><font color="red">finished</font></i></u>? Have you been reading <i>The Education of a Spectacle</i> again? </b></font>
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<br />
<br /> with a capital F.
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<br /> no risk, no reward.
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<br /> surf</font>
</p>
<br /> <font class="t2"> </font>
<br />
<p> <font class="t2">Registered: Apr 2002
<br /> <a href="http://elitetrader.com/vb/search.php?s=&action=finduser&userid=10405">Posts: 13071</a>
<p>
</p></font><!-- <a href="http://edit.yahoo.com/config/send_webmesg?.target=www.intrendX.com&.src=pg" target="_blank"><img src="http://opi.yahoo.com/online?u=www.intrendX.com&m=g&t=1" alt="Send a message to marketsurfer" alt="marketsurfer's Yahoo Messenger Online Status" border="0"></a> -->
</p> <font class="t2"> 11-12-08 <font color="#000000">06:48 PM</font></font>
<br />
<p><font class="vb">
<blockquote>
<hr size="1" /><font class="quo"><i>Quote from Thunderdog:</i>
<br />
<br /> <b><font color="red">Finished</font> as in <u><i><font color="red">finished</font></i></u>? Have you been reading <i>The Education of a Spectacle</i> again? </b></font>
<hr size="1" />
</blockquote>
<br />
<br />
<br /> with a capital F.
<br />
<br /> no risk, no reward.
<br />
<br />
<br /> surf</font>
</p>
it sucks you in...
you reeeeeeeally want to show people that "you" have the knowledge and insight to divine the true bottom (or top). the hair on the back of your neck stands up, you can't stop smiling to yourself, you do "back of the napkin" calculations on how you'll profit from this, you think... wow, I AM the man --- then you do it!
You make your call!
@#$%&*!!!!!!!!!!!!! -- it went the other way!!??
Then you sheepishly dig out your Jesse Livermore book (Reminiscences of a Stock Trader) and promise yourself you will never be a douche-bag again.
** NOTE - it's even worse if your "market call" is correct. Then you think that you can "always" call the market direction. **
- GreenDog
(longtime trader who has been in "trading retirement" for the past 9 years but may re-enter the arena shortly)
you reeeeeeeally want to show people that "you" have the knowledge and insight to divine the true bottom (or top). the hair on the back of your neck stands up, you can't stop smiling to yourself, you do "back of the napkin" calculations on how you'll profit from this, you think... wow, I AM the man --- then you do it!
You make your call!
@#$%&*!!!!!!!!!!!!! -- it went the other way!!??
Then you sheepishly dig out your Jesse Livermore book (Reminiscences of a Stock Trader) and promise yourself you will never be a douche-bag again.
** NOTE - it's even worse if your "market call" is correct. Then you think that you can "always" call the market direction. **
- GreenDog
(longtime trader who has been in "trading retirement" for the past 9 years but may re-enter the arena shortly)
Quote from EPrado:
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.
I wonder if Vic is still holding onto the GOOG he bought at 700?
So let's see. You call bottoms and you're wrong and wrong and wrong again until you're right... and then what? What's the point? You're trying to show that if you call a bottom in the Dow every 600 points, you'll eventually be right?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
This thread is a joke. No one cares about your latest call, most of which are dead wrong, like your call in Gold and your last Dow call.
Meanwhile, technical analysts were patiently trying to tell you that 7777 in the Dow was in no way a bottom and that there was another leg down yet to come...
Seriously surf, what's wrong?
what a stupid stupid post, you are irrelevant, please stop postulating on what the market will or will not do.
Quote from DataCruncher:
Marc Faber says:
âEquities could rally between here and the end of April,â Faber said in an interview with Bloomberg Television. âThe governmentâs efforts will fail to boost economic activity. They can boost stocks. Stocks have adjusted meaningfully.â
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeDRhNolpJIg&refer=home
Wasn't he saying that about a month ago also?
I fully agree we're extremely close to a bottom that will lead to an enormous multi-year rally, but when buying into a market like this, having a 100 point stop is pretty ridiculous, you could be right, but having that kind of precision would be purely luck.