It only took your 2 different ids, getting banned and calling a top every 20 points since 1180. But I am glad you finally got one right. The question is, are you going to cover this time and actually make some money ?
s&p just made intermediate term top @ 1326.7
- Thread starter thorn
- Start date
yeah, but the good news is he got it right and made you look like a fool in the process.
I sense alot of jealousy from the carnival barker.
That's great for TIE.
But i'm only concerned with my own % returns on my low 9 figure hedge fund that I co-manage. And that's now up +15% YTD. And i'm quite happy about that. We are in this to make consistent returns and make our investors money, not to gamble and go "all-in" on a specific stock.
Quote from krazykarl:
as i mentioned in another thread - calling tops is for suckers
that being said, we go higher if the fed stops after the next hike.
Karl, equities tend to have the opposite effect of what you are mentioning. At least they have before. ie fed stops raising and markets then sell off.
That's one thing I have began to notice - that the market tends to anticipate and "price in" certain news...
using that as my thesis, i think the market will tell us ahead of time what the fed will do. if we have a rally into the fed june meeting, a good rally, i am expecting a large hike from the fed, then an impending sell-off as the big money sends the bids down and
-small money panics
-the shoestring margin payers get called
-some big money takes profits
I think it is a set up for an interim bear market, but who knows. i'm still learning.