the crash i called and continue

[jimbojim]

Watch out for some kind of short-covering rally that will induce a lot of pain to shorts.

 

[failed_trad3r]

Quote from riddler:

i apologize for my calls but i need to be forthright. the thesis is indeed intact and choc full of momentum to the down. i follow the charts and i am seeing some scary indications. we will see 9k on the down,thats just how it works. again,i am sorry for causing alarm and concern but my job is to tell the truth. good day.

LOL

How is this short working out for you?

 

[Corelio]

Quote from Big Money:

Riddler,

May I humbly suggest you focus on the most important thing that matters to a trader. Did you get paid for your wonderful prediction? If you didn’t make money on this, who cares what you think or why (Which you ignored when someone else mentioned the only thing that matters to me). Even a broken clock is right twice a day. I would rather be wrong and make money than right in my principles/ego and lose money. Do I have some opinions? Sure. But opinions are irrelevant to your trading, or they should be lest you don’t dismiss anything that contradicts your opinion and only focus on what is reinforcing it, irrespective of what the market is trying to tell you. Listen to the market and things will be much simpler and more profitable.

Many people can make successful predictions. Very few turn those predictions into cash. But they sure like to feel better about themselves by telling everyone they predicted this or that, forgetting the golden rule above.

Best of luck

BM

Any individual that wishes to succeed in this line of business should print out Big Money's post and read it 1000 times until it gets hammered to your brain.

This is not a business about being right or wrong, hitting homeruns and making predictions. It all comes down to discipline and risk control. Be humble, flexible and patient.

Best of luck

 

[MKTrader]

Quote from failed_trad3r:

LOL

How is this short working out for you?

Are you suggesting this is a long-term trend change? There were much bigger rallies than this in October 2008 (after the initial fall).

 

[LEAPup]

Quote from jimbojim:

Watch out for some kind of short-covering rally that will induce a lot of pain to shorts.

Good call!

 

[failed_trad3r]

Quote from MKTrader:

Are you suggesting this is a long-term trend change? There were much bigger rallies than this in October 2008 (after the initial fall).

I suspect a trend change as happened in march 2009 or august 2009. We just need another day like today to confirm in next two days.

Anyway, from my perspective this is not a bear trend but a pullback in a bull market. So talking about a trend-change is a moot point.

 

[fishing]

Quote from Big Money:

Riddler,

May I humbly suggest you focus on the most important thing that matters to a trader. Did you get paid for your wonderful prediction? If you didn’t make money on this, who cares what you think or why (Which you ignored when someone else mentioned the only thing that matters to me). Even a broken clock is right twice a day. I would rather be wrong and make money than right in my principles/ego and lose money. Do I have some opinions? Sure. But opinions are irrelevant to your trading, or they should be lest you don’t dismiss anything that contradicts your opinion and only focus on what is reinforcing it, irrespective of what the market is trying to tell you. Listen to the market and things will be much simpler and more profitable.

Many people can make successful predictions. Very few turn those predictions into cash. But they sure like to feel better about themselves by telling everyone they predicted this or that, forgetting the golden rule above.

Best of luck

BM

One of the very few great posts i've seen

 

[Nine_Ender]

Quote from riddler:

i apologize for my calls but i need to be forthright. the thesis is indeed intact and choc full of momentum to the down. i follow the charts and i am seeing some scary indications. we will see 9k on the down,thats just how it works. again,i am sorry for causing alarm and concern but my job is to tell the truth. good day.

You must have got hammered on the market today with that overdone negative bias. You seem to see only "scary indications" and ignore real news like the Canadian banks reporting strong earnings again.

 

[Joovenile Jatt]

Quote from Nine_Ender:

You must have got hammered on the market today with that overdone negative bias. You seem to see only "scary indications" and ignore real news like the Canadian banks reporting strong earnings again.

Why is it every time there is a big upday, there is always someone nitiwit who can't wait to post "You must've got screwed today" to anyone who has ever uttered a bearish bias???? And before you call me another sore bear, I played the market on the long side today, as I do most days these days.

 

[Nine_Ender]

Quote from Joovenile Jatt:

Why is it every time there is a big upday, there is always someone nitiwit who can't wait to post "You must've got screwed today" to anyone who has ever uttered a bearish bias???? And before you call me another sore bear, I played the market on the long side today, as I do most days these days.

I just wanted to know when the "crash" was. This thread is littered with daily conformations of how the market is dropping,
I provided a "contrarian" outlook. Sorry it upset you "adolescent andy".