Moonshot Starts Today: 9/29/05

Quote from areyoukidding?:

The fact is you called it wrong. You were not right. Its okay.
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Excuse me, but did we not get a close above 1230.70?

I gave a specific number on the SPX on a closing basis, rather than the typical ET post that gives no specific parameters whatsoever. Learn how to read, or better yet take an English As A Second Language Course at your local junior college.

The SPX could not close above the specific level that I mentioned.
Not only was it not able to do so, but it took out last Thursday and Friday's lows on Monday afternoon.
Anyone that was still long after 1225.15/1225.22 was taken out has no one to blame but themselves. The resulting dramatic price decline confirms the significance of the 1230.70 level.

In any event, I sense a lot of crying here by people that don't even trade, let alone know how to read and understand the English language. How typical on ET.

I apologize for the attention grabbing headline.
In the meantime, try taking up an EASL course.
:)
 
Quote from Lithium Capital:

The SPX is in a 3-2-5 pattern and just completed the 3 and the 2 portion and has now begun an UPWARD 5 DAY SEQUENCE signaled by today's action.

The expectation is for a rally to unfold to test two key levels on the charts. This first key level is the previous high at 1237.95 and second point is the high at 1245.86. A close above the 1245.86 level will signal a minimum rally toward the 1315 level over the next two to three months.

Also, Friday is a weekly and monthly close suggesting that if the market closes above the 1230.70 level today it will set the tone for a strong rally for the balance of the year and into the first quarter of next year. The minimum positive close for today is the 1225.35 level and a close over 1230.70 will be very bullish for the weeks to come. Expect higher prices for the next several days.

The A-B-C correction is complete.
Time to rock to the upside in the next impulse sequence.

The AAI sentiment poll adds fuel to the fire - - - with Bears now outnumbering Bulls by 39.1% to 31.9% whereas just one week previous the numbers were nearly reversed, at 32.5% Bears to $39.5% Bulls.

Don't fight the tape.
The TREND is your FRIEND!
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I'm loving this thread. Hey lithium, you mean the a-b-c wave is complete and the aaii survey adds fuel to the moonshot??

How much this moonshot cost you so far??:p

blaaaaaahaaaaaaahhaaa
 
Its just funny how he can throw away his entire thesis and analysis because the market failed to close 3 points away from some random price level his magical chart analysis picked out.

Waggie has lost his credibility.

--MIKE
 
Quote from Trend Fader:

Its just funny how he can throw away his entire thesis and analysis because the market failed to close 3 points away from some random price level his magical chart analysis picked out.
Waggie has lost his credibility.
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you're being waaay too kind. This gay blade never had a shred of credibility. Every big call he has made, is followed by the market sharply moving against him. Where's Charlie Dow when you need him??

Quote from Charlie Dow:

Hey Lithium, the last time you posted a chart like this saying the S&P would rocket up, it dropped over 50 points. I SHORTED 2 hours before you posted this on friday and finished the day 10 points up exiting about 4 pm EDT. I'll be looking for another place to short soon, hoping you will repeat your last bumbling prediction with as much vigor. You and Elliott need to pack your drug bottles and go on a search to find E.T. and his glowing finger.
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Quote from Apex Capital:

Excuse me, but did we not get a close above 1230.70?

I gave a specific number on the SPX on a closing basis, rather than the typical ET post that gives no specific parameters whatsoever. The SPX could not close above the specific level that I mentioned.

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No, this is NOT what you said. You gave TWO levels. One level, 1230.70 that was the ideal level, and another level, 1225.35 that you gave as a minimum. Well, we DID close above your lower level.

This was your quote "The minimum positive close for today is the 1225.35 level"

You then followed up the end of week and end month action by making this quote:

Great Weekly close.
Great Monthly close.

You showed no signs of worry here. We closed the week and the month strong and we closed above your minimum level.

Take responsibility for your call.
 
The reason why any public prediction tool will fail to work most of the times is here:

Everybody knows about them.


You aren't the only 5-62-6-7-25- pattern chart drawer on the planet.


Confirmations work much better then predictions.
 
Well, it could be true that he has discovered the holy grail to read the market. However, when he shares it with everyone, his method is not working anymore. :D
 
Quote from Maverick74:

No, this is NOT what you said. You gave TWO levels. One level, 1230.70 that was the ideal level, and another level, 1225.35 that you gave as a minimum. Well, we DID close above your lower level.

This was your quote "The minimum positive close for today is the 1225.35 level"

You then followed up the end of week and end month action by making this quote:

Great Weekly close.
Great Monthly close.

You showed no signs of worry here. We closed the week and the month strong and we closed above your minimum level.

Take responsibility for your call.
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Yes, I showed no signs of worry because we NEVER closed above 1230.70
True, we had a higher weekly and a higher monthly close. Those were significant.
Yet, we never closed above 1230.70 on Friday.

Notice that I did not come on here Monday morning when the SPX was up strongly and cheerlead the call when the SPX was pushing above 1233. I was waiting for the ALL IMPORTANT close. For all technicians, it is the CLOSING LEVEL that is of significance . . . nothing else.

Now I know why FOX NEWS is so popular for those that are unable to read clearly.

http://scienceview.berkeley.edu/view/ ( just to piss you off Mav )

:D
 
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