the crash i called and continue

Quote from riddler:

i continue to see further downside. told all of you at the end of april that my signals were called for a trip back to 10k. i then said by at 9750 and hold to 10,500 area. we broke 9750 and went to 9600.(i was close though). we did bounce all the way past my 10,500 to 10,700. i am now calling for a break of 9600 down to 9000 on the dow. i also think we se 8k but am not 100% on that as of yet. i will keep everyone posted.
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Great call buddy you predicted 9000 and we went to 10800. You only missed by 1800 points !!! Only off 20% on an index, hell that's the end of a career usually for anyone in the business.
 
Quote from EMRGLOBAL:

What compelling reason is there to buy?

________________________________________________________

ZERO!

Smart money is on the sideline...in cash and has been there for the last two years. Even corporations are hoarding cash and not spending...hell even the banks who have TARP money are sitting on their cash and not lending.

Only fools are buying for the long term right now.

Sheeople have no hope in ever making their "losses" back are throwing their hell marry and praying that the FED has more majic power.

Traders...they are loving this market! Volatility is great and its a Traders Marekt, period.
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Take a look at this post from this clown last August. Markets up almost 30% since.
 
Quote from milktruck:

So first you think a correction is a 10% drop in one day and now you think there is nothing fundamental predicting a crash?

You want reasons?

Home sales at ALL TIME low
Home prices are headed back down
while mortgage rates are also at historic lows and the govt has been giving away $8k to anyone dumb enough to step in front of that freight train
Most measures of economic health are rolling over despite the biggest stimulus package of all time (final sales, GDP, Durable Goods, and on and on)
The banking system only exists due to suspending accounting standards and putting them on govt life support via free discount window money
ECRI is ~-10, which has ALWAYS preceded a recession.
Credit is still contracting despite ZIRP
Individual stocks are still having flash crashes to $.00001 after the May 6 event (a 10% correction in one day!)
Mutual fund outflows are 50 billion for the year, retail has taken their ball and gone home
We are STILL shedding jobs
Debt to GDP is going parabolic with nothing to show for it
Consumer confidence is 68-69, avg for recoveries is 90, avg for recessions is 73

How big would the straw REALLY have to be to break this camels back?

Amen.
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Congratulations "Milk Truck" for predicting a crash shortly before a huge rally in US markets.
 
Quote from emg:

based on my projection, S&P 500 bottom around 450-550 before spring 2011
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Probably the worst call on this site ever, even worse then Deadbroke's call for Dow at 3000.
 
Quote from milktruck:

Stock dispersion is at all time lows, the last thing it is right now is a stock pickers market, alpha is dead for the time being.

You dont think your bull rants on nothing but the fact that the market has gone up a lot recently reek of desperation?
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This is what I love about Elitetrader, that you characterize my posts from summer 2010 as "bull rants" when I was doing nothing more then accurately analyzing the market conditions of the time. Such "desperation". Let's be real here, you were part of a mob of idiots predicting a market crash at a time when this was an extremely unlikely event.

Markets rallied 30% up since. Predicting a crash means you missed by 50%. Holy cow, that's about as bad a miss as someone can make. Wow. Spectacular.
 
the crash of all the resistance lines and up goes index.all the way up to 4444 level in 150 years or so.

1444 by the end of this year btw:D
 
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