SP500 Only

  • Thread starter Thread starter SPX Blaster
  • Start date Start date
SPX Blaster said:
Hi Elec,
I don't know if you know the member I'm referring to. He praised me in an earlier post and encouraged me to continue posting. Then in a later post, he went bipolar and called me a poc. It's an unfortunate thing that forums seem to be a contest about who's best, regardless whether they actually make money or not.

If my cycle analysis was perfectly accurate, I would be a billionaire now, and I certainly would not be posting on internet forum's. I have never claimed I have the holy grail.

I'll put up with it and continue posting. Thank you.
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I can't tell if you are just trolling or really that confused. That user said "the weekly-poc has moved up at 11:00h Berlin-time..."

There is something seriously wrong with your medulla oblongata
 
bellister said:
Hi SPX Blaster,
as long as the contract-poc doesn't walk upwards, the ES does not fall. I say you answer if the poc walks up.
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Sorry for my misunderstanding of the meaning of poc. I don't know what that means.
 
bellister said:
Hi Blaster,
the weekly-poc has moved up at 11:00h Berlin-time from 2987 to 3017. I`m expecting new targets at 3027 - 3037 - 3047. There are so many buyers in the ES.
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I'm sorry for my misunderstanding. Could you tell me what poc means?
 
Overnight said:
Well, there is also the way you handle "an inaccurate call".

I've been calling for new ATH if a trade deal is reached, and they have reached them without a new deal. I've been calling for 10% corrections for a while, since they now seem the norm every few months. If the market drops only 3%, I say AHA, here we go, just another 7% to go. If it doesn't happen and I get called out on it, I just say, "Well, it dropped some, didn't it?" You have to try to let negative comments roll off your back on bad calls.

After all, we're all just trying to do our doing our best.

For example, I am now long in MNQ for 4 contracts. I now expect a 10% correction to ensue, rapidly, simply because I am long.
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Is it a ridiculous reason? Yes. I do it because it salves me, and is sort of a reverse-psychology on the market in my head.

If it DOES happen, I can say "And there it is, the 10% correction."

If it does NOT happen, I can take the profits home when it hits my target. If someone calls me on it, I go *shrugs* "Oh well, my initial idea worked and I made money."

You seem to have a fan base here SPX. Don't give up so easily on the forum. Builds character? Heh
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What I said was not based on technical analysis. Just an opinion of what might happen. I could make a guess on how much crude will gap up. But I guess I won't.
 
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