Port1385 says to "double down" in your 3x inverse positions!!!

His charts aren't bad, what is bad is his style of trading and his personality. Essentially, he is just as able as the rest of us to predict what will "happen tomorrow" aka we have a 50% chance of being right. His problem is not his charts--which I find worthwhile to have a look at--but rather the fact that he presents his information in a cult-like way, a sort of naive way of elevating himself. He never admits to being wrong, chases the market, and then points his fingers at us for not understanding his arcane and clandestine ways.

Looking at that chart I will make no attempt whatsoever in trying to predict the market's path tomorrow. I am, however, at ease enough holding a triple short ETF option overnight..but if I'm wrong and I start to see red, I'll admit it and step back to reevaluate.

As I think someone said earlier, Port is probably a kid on the forums in between class, and unable to admit when he's wrong.
I'm new here so I don't have a full feel for the forum yet, but I see the startling trend that very people here actually give any good insight, which I guess I didn't expect from a site called "elitetrader," but I guess it is a fairly pretentious name and will attract these MMORPG kids.
 
Listen up Port fans. The Russell 2000 had breached a ten year floor back on March 9th. There is no more floor for the Russell 2000. Listen to my words and hear them.

Im not exactly certain how low the Russell will go as it will be in fairly uncharted territory. The TZA will breach 100 once more.

You cannot escape the power of the chart...Obama can only jawbone the market up only so much. It is now time for the inverse to come back.



 
This post is for those who want to think, hear and believe. The $SPX is about to sink to levels that will shock you. The end will be amazing. The BGZ is about to triple from here...TRIPLE.


 
You sound so uncertain of market direction. Look, the truth is that we are in a downtrend. In the coming weeks we will experience record lows that will be shocking and the end will be amazing. The S&P will reach 500-550 level and the RUT is anyone's guess, 300? 200?

Place your bets. We go lower and the TZA and BGZ reach triple digits in the coming weeks. Dont forget the good ole FAZ. The FAZ is now at value investment levels that wont be seen again for a while.

Read the words out of my mouth. Moving Level 3 assets off the books doesnt mean they are gone. Citibank is full of them and there is simply no way to stuff them in the closet. Each day those Level 3 assets creep more towards zero like an out of control downtrending tech stock in 2001. Im sorry that you thought real estate would go up forever. Now feel my friend the FAZ as he knocks you into next week.

40% more down room to go!!!

mega-bear-quartet-real-extended-large.gif


Quote from dearinfinity:

His charts aren't bad, what is bad is his style of trading and his personality. Essentially, he is just as able as the rest of us to predict what will "happen tomorrow" aka we have a 50% chance of being right. His problem is not his charts--which I find worthwhile to have a look at--but rather the fact that he presents his information in a cult-like way, a sort of naive way of elevating himself. He never admits to being wrong, chases the market, and then points his fingers at us for not understanding his arcane and clandestine ways.

Looking at that chart I will make no attempt whatsoever in trying to predict the market's path tomorrow. I am, however, at ease enough holding a triple short ETF option overnight..but if I'm wrong and I start to see red, I'll admit it and step back to reevaluate.

As I think someone said earlier, Port is probably a kid on the forums in between class, and unable to admit when he's wrong.
I'm new here so I don't have a full feel for the forum yet, but I see the startling trend that very people here actually give any good insight, which I guess I didn't expect from a site called "elitetrader," but I guess it is a fairly pretentious name and will attract these MMORPG kids.
More...
 
Ok intraday FAZ/FAS holders who have no idea where price goes...I think I know where it goes. You just need a map. I say we bump up a little on the FAS while Obama jawbones it up, but then it comes crashing back down again!


 
You are misreading what I said as a statement of ignorance rather than humility and practicality. Stop with the hubris and practice what you preach--or maybe it's best if you didn't.
 
The first rule at the bucketshop is that there is no proper english spoken.

Now bow down to the almight vix. Bow down as it rears its ugly head to new highs and breaks up into the bullish flag that it has printed for all to see.


 
Quote from dearinfinity:

His charts aren't bad, what is bad is his style of trading and his personality. Essentially, he is just as able as the rest of us to predict what will "happen tomorrow" aka we have a 50% chance of being right. His problem is not his charts--which I find worthwhile to have a look at--but rather the fact that he presents his information in a cult-like way, a sort of naive way of elevating himself. He never admits to being wrong, chases the market, and then points his fingers at us for not understanding his arcane and clandestine ways.

Looking at that chart I will make no attempt whatsoever in trying to predict the market's path tomorrow. I am, however, at ease enough holding a triple short ETF option overnight..but if I'm wrong and I start to see red, I'll admit it and step back to reevaluate.

As I think someone said earlier, Port is probably a kid on the forums in between class, and unable to admit when he's wrong.
I'm new here so I don't have a full feel for the forum yet, but I see the startling trend that very people here actually give any good insight, which I guess I didn't expect from a site called "elitetrader," but I guess it is a fairly pretentious name and will attract these MMORPG kids.
More...

I absolutely agree with you. He has good charts, but he seems to be jumping early...which is more gambling than efficient trading. I am bearish short term, but I'd rather wait to see if today's price action shapes up with the charts. I know the bulls won't just roll over and take it.
 
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