The S&P will see 1000 before 1100

[Ivanovich]

You're on the ropes with your 1000 before 1100 call, Rowshan. That would make two bad calls in a row, wouldn't it?

 

[birdstone]

Quote from Ivanovich:

You're on the ropes with your 1000 before 1100 call, Rowshan.

lol. Sure, I guess I would've owed you a buck, if you had a set and bet.

Quote from birdstone:

And the S&P closed today 10/8 @ 1065.5

1100 is a 2 to 1 favorite, but i'll bet you a buck even money and take 1000.

 

[birdstone]

Quote from Ivanovich:

That would make two bad calls in a row, wouldn't it?

2 bad calls? Only in your warped world where you don't trade equities and don't understand statistics.

The odds were 2 to 1 against me from the beginning. Being wrong here is akin to me playing dice and getting 2 to 1 odds when my point is 4 and losing. Big whup.

I don't recall the other thread I started this year that was wrong. Feel free to post a link if that will make you feel better about yourself.

 

[birdstone]

Quote from Ivanovich:

You're on the ropes with your 1000 before 1100 call, Rowshan.

If you can read and understand English, I layed out quite truthfully my recent market thoughts a few posts before this.

Quote from birdstone:

Marketsmurfers call of 10077 saved me a load of money. He had been so wrong every time he made a call, it stood to reason that the dow would reach 10077 and prove him wrong yet again. Btw--when smurf made this brilliant call on 8/31/09, the Dow had closed that day @ 9496.

10077 is the top--give or take a few points.

Again, many thanks to smurf for saving me here. Anyone who wants to be honest knows I have called NO tops for months now.

 

[bwolinsky]

Quote from Ivanovich:

You're on the ropes with your 1000 before 1100 call, Rowshan. That would make two bad calls in a row, wouldn't it?

I really don't know what posesses someone to think they can predict 6.5% moves in the market. On my best trades I might let it run 8% on the market, and 16% on QLD or QID, but I never know beforehand if that trade will be that profitable. The votes fluctuate by whichever way the S&P moves. Herd behaviour is very obvious in this thread.

 

[Ivanovich]

Quote from bwolinsky:

I really don't know what posesses someone to think they can predict 6.5% moves in the market. On my best trades I might let it run 8% on the market, and 16% on QLD or QID, but I never know beforehand if that trade will be that profitable. The votes fluctuate by whichever way the S&P moves. Herd behaviour is very obvious in this thread.

Rowshan claims he can. You see how ruffled his feathers get when I point out that he's human. Took him three separate posts to reply

Maybe it's time for another username?

 

[Democrat 4 Life]

Quote from birdstone:

I don't recall the other thread I started this year that was wrong. Feel free to post a link if that will make you feel better about yourself.

Hey Rowshan/Rubberbird/Thorn what gives?? you said that you manage a 100 million dollar fund yet with this handle you just created you start out looking for a prop firm saying that you have a track record of only trading a couple thousand shares a day, and also looking for SOMEONE ELSE to fund your account. Please explain.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2556324#post2556324

http://www.elitetrader.com/vb/showthread.php?s=&postid=2556255#post2556255



And then here you are in your journal saying you just sold 10 spy's, pretty small position for a guy running a hundred million dollar fund.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2555018#post2555018

And has for the other call you were wrong on, here it is, just one of many of your losers.

Quote from b. Rowshan:

I really don't follow or trade any of those. Please remember the premise of what I said. The resistance at S&P 928-930 may hold for months. So selling S&P 950 and 1000 calls for July, August and September is the favored trade. It's high reward and low risk if managed properly.

I guess Rowshan sold 1 too many uncovered august/september 950/1000 calls his 100 million dollar fund is now officially gone, and he is looking for a prop shop where he can trade a couple thousand shares a day... Oh how the mighty have fallen. =)

 

[Democrat 4 Life]

Bump for Explanation from Rowshan, who has become eerily silent all of a sudden.

 

[birdstone]

Quote from birdstone:

I personally want to thank marketsmurfer for making this call. It was hard for me to extract the info from him, as the text shows, but I knew I was digging for gold and perservered. Marketsmurfers call of 10077 saved me a load of money. He had been so wrong every time he made a call, it stood to reason that the dow would reach 10077 and prove him wrong yet again. Btw--when smurf made this brilliant call on 8/31/09, the Dow had closed that day @ 9496.

10077 is the top--give or take a few points.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=5285&perpage=6&pagenumber=1324

I was itching to go short at the end of August.

But after reading that marketsmurfer, who is always dead wrong, was going to throw in the towel at dow 10,000+, I waited.

Well yesterday the year old gap to spy 109.68 was filled.

That can only mean one thing, the huge rally is finally over !

I owe marketsmurfer a debt of gratitude. If smurf didn't alert me that the dow would hit 10,000, I might have lost some money in the last 6 weeks.

Thanks smurf and adios amigos !

 

[tradingbug]

Quote from birdstone:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=5285&perpage=6&pagenumber=1324

I was itching to go short the end of August.

But after reading that marketsmufer, who is always dead wrong, was going to throw in the towel at dow 10,000+, I waited.

Well yesterday the year old gap to spy 109.68 was filled.

I owe marketsmurfer a debt of gratitude. If smurf didn't alert me that the dow would hit 10,000, I might have lost some money in the last 6 weeks.

Thanks smurf and adios amigos !

Could you please post a picture of the gap? Stockcharts.com has the gap closing last month....