S&P about out of gas?

Quote from riskarb:

It would've helped your cause immensely had you expressed where your felt the position had "edge" in lieu of simply stating the market was due for a fall. Unfortunately, your tone and tenor seemed to resemble a poster on this forum who's a pathological liar and narcissist.

I absolutely agree with Waggie that the ET alias issue clouds an otherwise excellent forum. I realize that web-statistics are improved by allowing for many aliases, but it stifles productive posting.

In any event, this is my last post here -- I will lurk, as I feel I've benefitted from the site, but will not post due to the alias-issue.

I realize this is a bit off-topic, but it relates to the cold-reception you've received regarding this thread(and others).

Peace,
riskarb
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Riskarb,

if you re-read this thread, you will see I listed numerous reasons why I felt the market was due for a fall. I described how the Dow and XMI did not make a new high last friday while the S&P did (a significant divergence in my opinion). I described what I saw as a double bottom on the vix at 14 (it subsequently has spiked to 18). I mentioned how the Dow and XMI now had head and shoulders patterns (now you can see them better). I also described how the high oil prices would catch up with the market. I also noted how higher bond prices were signaling a weak economy, which can never be good for stocks.

I listed many, many reasons. I'm sorry if these reasons did not "fit" the other posters idea of concrete ideas. But to me, these were very real reasons.

Anyway, I do wish you the best. Good luck in your future endeavors.
 
Manalo I for one enjoyed your post thanks for sharing BUT I still think this is just a range.

See my post ..... Today "Bottom of the Range"

Good Call though and congratulations thats some big $$$$$$

Don't give it back :p :p :p

Keep us posted on your analysis.
 
Quote from Samson77:

Manalo I for one enjoyed your post thanks for sharing BUT I still think this is just a range.

See my post ..... Today "Bottom of the Range"

Good Call though and congratulations thats some big $$$$$$

Don't give it back :p :p :p

Keep us posted on your analysis.
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Thanks Samson. I'll try to hang in there. Sometimes it gets difficult, though.

It's noted, though, that you think we're still range-bound. I disagree.
 
the user name Manolo and you will make many skeptics believers. But when we see people come on ET and make an up or down prediction only to disappear when their luck runs out and next thing you know a new "name" is making another up or down prediction it would make anyone skeptical. It is unfortunately a case of one rotten apple spoiling it for those who follow.

Keep at it and keep making calls like this one under the user name Manolo and I guarantee even Waggie will come round but 1, 2 even 3 decent calls could easily be down to luck. If in a few months you are still making these types of calls then you will undoubtedly have everyone's attention. Until then you can't expect to be taken too seriously given the generic and superficial nature of the analysis that you posted and your willingness to engage in childishness (does it really matter who started it, you either engage in that level of dialogue or you don't). Surely that is understandable?
 
I whole-heartedly agree with Mvic when he states that " Until then you can't expect to be taken too seriously given the generic and superficial nature of the analysis that you posted and your willingness to engage in childeshness."

While Manolo might be unfortunately and unfairly mistaken for other ET aliases that cloud an otherwise excellent forum, quite frankly I did find Manolo to be patting himself on the back with analysis that was rather naive at the very least, and pretty sloppy ( inconsistent ) at best.

For example, he spoke about "single trendline analysis" with dbphoenix today, yet admitted that he "flattened the bottom channel line to coincide with the support at 1120-1125." In fact, he further admitted that it's not exactly parallel. If that isn't called fitting the data to what your bias is, I don't know what is!

Furthermore, on Monday he is quoted as saying the following:

"It's hard to say that the S&P has run out of gas when it closed at a 52 week high on Friday. But I do agree that we are in a range. But the facts are that the S&P is at a 52 week high, so it's hard to say it has run out of gas."

And yet on Tuesday he then says:

"And again, these are only part of the components of why I became bearish over the weekend."

So . . . Manolo becomes bearish over the Weekend, yet admits on Monday that the S&P just closed at a 52 week high, so it's hard to say that it has run out of gas. In any event, he concludes by saying that we are in a range in regards to the S&P.

Now, it's Wednesday and the market is taking a big dive, so it's time for him to start taking credit for his "alleged" market call even though he admitted that the S&P was not running out of gas and was in fact in a range, on Monday. Moreover, he goes on to add that:

"I forgot to mention a key ingredient that helped me reach my conclusion that a correction is upon us. The high price of oil."

And later in the day:

The high price of oil is not helping. And the rise in bond prices is telling us that the economy isn't in the full blown recovery mode we are expected to believe.

Puuulleeeeeeeze, spare us the make it up as you go along crap. Show some consistency for crying out loud!

Most of us here on ET just didn't fall off the turnip truck yesterday for Christ's sake! First we are told on Monday that the S&P has not run out of gas, and is in a range, even though Manolo became quite bearish over the Weekend. Then, two days later on Wednesday he admits that he forgot to tell us about a key ingredient that helped him reach a bearish conclusion that a correction was upon us . . . and throws in a little tidbit about the strength of bonds and worries of a weaker Economy for good measure.

I'm sorry.
I see no consistency in his call.
I will not give him any credit for it.
 
Quote from waggie945:

I whole-heartedly agree with Mvic when he states that " Until then you can't expect to be taken too seriously given the generic and superficial nature of the analysis that you posted and your willingness to engage in childeshness."

While Manolo might be unfortunately and unfairly mistaken for other ET aliases that cloud an otherwise excellent forum, quite frankly I did find Manolo to be patting himself on the back with analysis that was rather naive at the very least, and pretty sloppy ( inconsistent ) at best.

For example, he spoke about "single trendline analysis" with dbphoenix today, yet admitted that he "flattened the bottom channel line to coincide with the support at 1120-1125." In fact, he further admitted that it's not exactly parallel. If that isn't called fitting the data to what your bias is, I don't know what is!


Furthermore, on Monday he is quoted as saying the following:

"It's hard to say that the S&P has run out of gas when it closed at a 52 week high on Friday. But I do agree that we are in a range. But the facts are that the S&P is at a 52 week high, so it's hard to say it has run out of gas."

And yet on Tuesday he then says:

"And again, these are only part of the components of why I became bearish over the weekend."

So . . . Manolo becomes bearish over the Weekend, yet admits on Monday that the S&P just closed at a 52 week high, so it's hard to say that it has run out of gas. In any event, he concludes by saying that we are in a range in regards to the S&P.

Now, it's Wednesday and the market is taking a big dive, so it's time for him to start taking credit for his "alleged" market call even though he admitted that the S&P was not running out of gas and was in fact in a range, on Monday. Moreover, he goes on to add that:

"I forgot to mention a key ingredient that helped me reach my conclusion that a correction is upon us. The high price of oil."

And later in the day:

The high price of oil is not helping. And the rise in bond prices is telling us that the economy isn't in the full blown recovery mode we are expected to believe.

Puuulleeeeeeeze, spare us the make it up as you go along crap. Show some consistency for crying out loud!

Most of us here on ET just didn't fall off the turnip truck yesterday for Christ's sake! First we are told on Monday that the S&P has not run out of gas, and is in a range, even though Manolo became quite bearish over the Weekend. Then, two days later on Wednesday he admits that he forgot to tell us about a key ingredient that helped him reach a bearish conclusion that a correction was upon us . . . and throws in a little tidbit about the strength of bonds and worries of a weaker Economy for good measure.

I'm sorry.
I see no consistency in his call.
I will not give him any credit for it.
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Give me a break would you like to know when the poor guy is taking a dump to?

He put a post out there and opened it up for comments and criticism that takes guts especially in this room.
:)

The guy made an excellent call and your a moron for missing the intelligence and courage it took to make it.

Why don't you stop criticizing and give credit where credit is due.

If you think you can do any better SHUT up and show us how good you are.

Untill then Manola is the man and deserves his due.
 
Quote from Mvic:

If in a few months you are still making these types of calls then you will undoubtedly have everyone's attention. Until then you can't expect to be taken too seriously given the generic and superficial nature of the analysis that you posted
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While I respect your comments mvic, sometimes simplicity is best, as in this case. I disagree with you that my analysis was superficial, it was concrete analysis that lead me to make a very good call in a very timely fashion. Just because you may not agree with it, doesn't make it superficial.

All the reasons I gave were real and genuine, and even more important, the corrective move that it predicted ACTUALLY HAPPENED. Maybe you should look at your own analysis and simplify it. From the looks of my accurate call, it looks like simplicity is the way to go.

BTW, don't "sell short" my analysis as superficial, look at the results. Something was very correct in what I said. Take another look. Good luck!
 
Quote from Samson77:

Give me a break would you like to know when the poor guy is taking a dump to?

He put a post out there and opened it up for comments and criticism that takes guts especially in this room.
:)

The guy made an excellent call and your a moron for missing the intelligence and courage it took to make it.

Why don't you stop criticizing and give credit where credit is due.

If you think you can do any better SHUT up and show us how good you are.

Untill then Manola is the man and deserves his due.
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Samson, thanks for the kind words. Anyone with an IQ over 10 can read this thread and know I hit a home run. Let's ignore the losers who are incessantly jealous of winning traders. The analysis I gave obviously merits attention from everybody, as it was right on the money. And money is the key word, I made oodles this week. And that's no brag, its just the result of what my market strategy was a stated in this thread starting last sunday.
 
Quote from Manolo:

BTW, don't "sell short" my analysis as superficial, look at the results. Something was very correct in what I said.
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In general Im not sure that its fair to assume anyone's analysis is right or wrong based on any one given call. Its in the track record that a correlation between call and performance can be made.
 
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