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Quote from marketsurfer:

Price Drivers nail top in YM once again--- holding shorts, expecting further downside here

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The Dow closed at 15,135.84, YM at 15,073, taking out your top.

What now?
 
Macro fundamentals explain what has <I>already happened</I> - the employment numbers are good because the stock market has spent the last four years soaring.

They have no predictive value.
 
Quote from justrading:

The Dow closed at 15,135.84, YM at 15,073, taking out your top.

What now?
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Here is the call:

The above was short term, trying to time the ebb and flow within the big drop--- obviously, got that wrong here and am holding loss for now.

surf

<b>marketsurfer

Registered: Apr 2002
Posts: 5986



05-22-13 07:17 PM
15542 is the high in the DJIA for a minimum of the next 12 months. Mark my words.

surf </b>
 
Quote from Ash1972:

Macro fundamentals explain what has <I>already happened</I> - the employment numbers are good because the stock market has spent the last four years soaring.

They have no predictive value.
More...

You are confusing price with Price Drivers. Yeah, we all know that macro events have already happened-- its the longer term effect on on price that the Price Drivers try to read combined with multiple other inputs.

You can't really be saying that price is what controls everything else? I actually met a TA guy who believed this.

surf
 
Quote from paperboy:

You use cycles Surfer? Thanks :)
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I am very interested in cycles--- I use to read the foundation for the study of cycles journal-- but no, I don't use them for the Price Drivers. peace, surf
 
Quote from marketsurfer:

Here is the call:

The above was short term, trying to time the ebb and flow within the big drop--- obviously, got that wrong here and am holding loss for now.

surf

<b>marketsurfer

Registered: Apr 2002
Posts: 5986



05-22-13 07:17 PM
15542 is the high in the DJIA for a minimum of the next 12 months. Mark my words.

surf </b>
More...

Fair enough.

Uncle point?
 
Weekend musical interlude--

Just heard this thru a 1700 watt range rover 2014 sound system--- just wow==== the sound system nearly makes buying this car new worthwhile-----

<iframe width="420" height="315" src="//www.youtube.com/embed/H9hlWjo7QYw" frameborder="0" allowfullscreen></iframe>
 
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