The Top is Now In...Go to Cash now...right now...

The one main difference between here and the casino is they have security to escort those out who start bothering the real players. No matter, you can post up whatever you want or throw up youtube videos of some guy pissing himself, Ive seen it all and wont be phased by that.

I know this call will be right at some point between now and November 4th. Post up whatever you want, but I expect a huge fallout sometime soon.

Quote from Fireplace:

Oh really.....then why the need to start this thread in feedback?

http://www.elitetrader.com/vb/showthread.php?threadid=208847

See, this is your problem RDT....you want to pretend like you don't take things seriously here but then YOU want to be taken seriously when it suits your cause.

Ok, enough hijacking of this thread...later
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Quote from retaildaytrader:

The biggest mistake of traders and investors is not being able to wait patiently. The factors are all there for a big downturn (not a "minor correction") and this thread is just 1 calendar week old which is nothing. I bet if I said on October 4th 2007 the market would crash then you would be typing out this same diatribe trying to give me "pointers".

The retracement move ended in April and we have been downtrending since. There are trillions of dollars invested in the members of the $BKX and BAC is leading the way down. If BAC goes below 10, then the slide will happen very quickly.

We are now on the 20th day of October. The top of the market was put in on the 18th....
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You preach "patience" but you bought a triple bear ETF !!! Those triple weighted ETFs are a joke they just go down in value with all the rebalancing. Without a clear sustainable market direction you just can't buy those things. In terms of this ETF one week is an eternity.
 
Quote from Nine_Ender:

You preach "patience" but you bought a triple bear ETF !!! Those triple weighted ETFs are a joke they just go down in value with all the rebalancing. Without a clear sustainable market direction you just can't buy those things. In terms of this ETF one week is an eternity.
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I don't know if it would qualify as an eternity, but yah
 
Quote from retaildaytrader:

Here is what I have for the RUT. The RUT is looking a bit sick and notice how the 5 and 10 day moving averages are getting closer together.
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Are you really using a 5 and 10 day moving average as evidence for a top?
 
I think I have spelled out from the start of this thread the reasoning for a top. I dont believe I have used any "TA" in this conversation except if you consider two moving averages to be "TA".

The one thing that tells me something big is about to happen is Bank of America. Everyday it is making new lows while its competitors seem to hang in there. It is now the end of October. There is some bad news behind the curtains at BAC whether it be their bad currency trades or the foreclosure mess or a combination of them both. BAC looks like Lehman in 2008.

I would not be making any big purchases in the next 6 months until the BAC mess is resolved.


Quote from spd:

Are you really using a 5 and 10 day moving average as evidence for a top?
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I suggest to Structure your leverage and trade size so that if you had losses of 70, 92, 42, 39 pips, your account draw-down would not exceed 3-4%... maximum!
 
Quote from retaildaytrader:


.....
We are now on the 20th day of October. The top of the market was put in on the 18th....
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Sorry it wasn't. Market broke your "top" yesterday.

Of course you can call another top again and again.
 
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