The S&P put in another short term bottom on April 11

[Buy1Sell2]

Quote from Bigbusiness:

OK, I will try again. Do you use stops?

This chart shows the area the S&P was when you made your call, after the market was closed and the new low that was lower than you said was going to be the short term bottom on April 11. So where was the stop?

I suppose it was 1 point lower than the new low

Yea I am not certain what is going on here. This 5th call shouldn't even have been made yet as the 4th one wasn't mature yet. The 4th call was for a 1330 top on cash and bears not pushing cash very much below 1290. I don't think a new call can even be made until the 4th one plays out --or there must be an admission that the 4th one was incorrect before the 5th one can be made. I am not saying that the 4th one was wrong or right ---yet. I don't understand the overlapping calls.

 

[volente_00]

Quote from Bigbusiness:

OK, I will try again. Do you use stops?

This chart shows the area the S&P was when you made your call, after the market was closed and the new low that was lower than you said was going to be the short term bottom on April 11. So where was the stop?

I suppose it was 1 point lower than the new low

Of course I use stops. My predictions are based on closing prices, not intraday short traps.

 

[Bitstream]

Quote from cnms2:

You think so ...? I doubt it will break out higher. I don't think it'll touch 1320 (1% from today's closing 1307.64). We'll see ...

well, we went much higher already'n'maybe not touched 1320 but close enough at 1318.75.

as i said waz a no brainer we gapped this am.

 

[volente_00]

Quote from Buy1Sell2:

Yea I am not certain what is going on here. This 5th call shouldn't even have been made yet as the 4th one wasn't mature yet. The 4th call was for a 1330 top on cash and bears not pushing cash very much below 1290. I don't think a new call can even be made until the 4th one plays out --or there must be an admission that the 4th one was incorrect before the 5th one can be made. I am not saying that the 4th one was wrong or right ---yet. I don't understand the overlapping calls.

I gave you short term targets and long term targets on the calls.
My call for 1334 by the end of May still stands.

 

[volente_00]

Quote from cnms2:

Sure.

No more from me until we touch 1334, so buy1sell2 can be satisfied.

 

[Bigbusiness]

Quote from volente_00:

Of course I use stops. My predictions are based on closing prices, not intraday short traps.

Sorry, I thought that as you mention an intra-day low in your first post, you would take notice of a lower intra-day low. How foolish of me.

 

[Buy1Sell2]

Quote from volente_00:

I gave you short term targets and long term targets on the calls.
My call for 1334 by the end of May still stands.

While I like Volente and enjoy his posts, I am sorry to announce that I must now put him on ignore. I will initially review some of his posts to see if the 5th call has been retracted and then use the permanent ignore feature if not. This is indeed a sad day for me. Again, I am not saying that the 4th call was wrong yet. It's just too early too tell. The 5th call is very premature without resolution of the 4th call and perhaps earlier calls as well.

 

[lilduckling]

hey guys... looks like this am might give some good shorting setups..... YM looking timid here...... think i'll short this am and see what pm brings

 

[krazykarl]

Quote from cnms2:

You think so ...? I doubt it will break out higher. I don't think it'll touch 1320 (1% from today's closing 1307.64). We'll see ...

you forget: aapl reports today.


just like it was "priced to perfection" last quarter, it's "sandbagged to perfection" right now.

 

[lilduckling]

Quote from lilduckling:

hey guys... looks like this am might give some good shorting setups..... YM looking timid here...... think i'll short this am and see what pm brings

hee hee hee ...... out with a quick +23 pts!!