Please stop calling tops in this furious uptrend

Nexen · Oct 13, 2009

Quote from trendo:

What's the opposite of consistently catching the bottoms of uptrends and the tops of downtrends?

Consistently catching the bottom of downtrends or the top of uptrends.

S2007S · Oct 13, 2009

Futures are higher, however tomorrow we get retail sales numbers and earnings from JPM.

I think retail numbers come in slightly higher, jpm earnings as well will be better than expected in my opinion, with all new programs and different accounting rules how the Fu$k can any bank miss earnings.

Tomorrow 10k

End of year 11k

Feb 12k

Mid 2010 14k

eventually dow 36,000.....

S2007S · Oct 14, 2009

Just got to love it:

Dow 10k tomorrow

Gold nearing 1070

Oil over $75 and rising

Futures soaring

INDEX VALUE CHANGE OPEN HIGH LOW TIME DJIA INDEX 9,886.00 77.00 9,853.00 9,891.00 9,853.00 00:00
S&P 500 1,078.40 9.60 1,072.20 1,080.50 1,072.20 23:56
NASDAQ 100 1,744.50 17.75 1,738.75 1,745.50 1,738.25 22:48

dollar sinking

this is the greatest market ever.

krazykarl · Oct 14, 2009

Quote from increasenow:

great post...seriously

You're still around? How are your "models" doing?

MandelbrotSet · Oct 14, 2009

Funny how other traders in the industry seem to think there is a good arguement for a top being made:

***

Special alert: Have equities topped?
by Garrett Jones
futuresmag.com

***

But of course, Nexen thinks he knows everything ... this is embarrasing, even by ET standards.

u21c3f6 · Oct 14, 2009

There is a top and bottom every trading day.

Joe.

Ivanovich · Oct 14, 2009

Quote from S2007S:

Just got to love it:

Dow 10k tomorrow

Gold nearing 1070

Oil over $75 and rising

Futures soaring

INDEX VALUE CHANGE OPEN HIGH LOW TIME DJIA INDEX 9,886.00 77.00 9,853.00 9,891.00 9,853.00 00:00
S&P 500 1,078.40 9.60 1,072.20 1,080.50 1,072.20 23:56
NASDAQ 100 1,744.50 17.75 1,738.75 1,745.50 1,738.25 22:48

dollar sinking

this is the greatest market ever.

That's it. I simply cannot take it anymore. Given that I am a moderator and not supposed to have anyone on ignore, I'm going to have to break that rule just this once. You have the honor of being the only one on my ignore list.

lindq · Oct 14, 2009

Quote from MandelbrotSet:

Funny how other traders in the industry seem to think there is a good arguement for a top being made:

***

Special alert: Have equities topped?
by Garrett Jones
futuresmag.com

The article you referenced was written on Futures Mag on 10/2.

So obviously his moronic call was completely off the mark.

(Note his extended red lines showing capitulation at this point. Well, we're up another 6%. So much for making predictions at the hard right edge.)

krazykarl · Oct 14, 2009

Quote from Ivanovich:

That's it. I simply cannot take it anymore. Given that I am a moderator and not supposed to have anyone on ignore, I'm going to have to break that rule just this once. You have the honor of being the only one on my ignore list.

Epic.

makloda · Oct 14, 2009

Quote from Ivanovich:

That's it. I simply cannot take it anymore. Given that I am a moderator and not supposed to have anyone on ignore, I'm going to have to break that rule just this once. You have the honor of being the only one on my ignore list.

Gotta love him