the trend is up, market has bottomed.

pre·dict [pr díkt ]
(past pre·dict·ed, past participle pre·dict·ed, present participle pre·dict·ing, 3rd person present singular pre·dicts) transitive and intransitive verb

say what will happen: to say what is going to happen in the future, often on the basis of present indications or past experience

[Mid-16th century. From Latin praedict- , the past participle stem of praedicere , literally "to say in advance," from dicere "to say."]

I guess this means that if you don't "say" what you are guessing or hoping, maybe you aren't predicting but just guessing and hoping...
 
Originally posted by o_2_b_sean
pre·dict [pr díkt ]
(past pre·dict·ed, past participle pre·dict·ed, present participle pre·dict·ing, 3rd person present singular pre·dicts) transitive and intransitive verb

say what will happen: to say what is going to happen in the future, often on the basis of present indications or past experience

[Mid-16th century. From Latin praedict- , the past participle stem of praedicere , literally "to say in advance," from dicere "to say."]

I guess this means that if you don't "say" what you are guessing or hoping, maybe you aren't predicting but just guessing and hoping...
More...

What if on a micro-level (trade to trade, play to play) you are not guessing anything or hoping for anything??? Then what??? Would it still be considered predicting??

PEACE and good trading,
Commisso
 
Well, if you are truely not guessing or hoping, then you have my respect. Consider yourself a saint. However, I highly doubt that you are not guessing and hoping. I have never met or even heard of a daytrader capable of that feat.
 
0 2 B

I can positively assure you that at least one exists... And I am not the only one out there who is detached from the micro monetary results... If you really sit down and give it a lot of thought you will see how truly absurd it is to even engage in it...

PEACE and good trading,
Commisso
 
LOL WHERES THOSE GUYS THAT SAID ITS GOING UP???? WELL.... IT COULD HAVE GONE UP BUT THIS AN OUT HOUSE! WHO REMEMBERS 1929/ 30....?? IM NOT MAKING PREDICTIONS BUT THINGS LOOK CRAPPY HERE.
 
I agree...this is a good point...the difference, imho, is that 1929, 1987 were very intense and dramatic meltdown's...A good analogy would be someone who is killed in a car accident...It happens so quickly and with, what seems like so little warning, that the shock of the event is super traumatic...On the flipside, someone who is terminally ill and gives you the time to properly find perspective does not have the same shock value...

This market, because it has taken a pretty long time, to drop this far has made most of the public complacent and has not shocked them into too much action...Or maybe I am wrong about that, but the sentiment is not nearly as bad as the reality...If this washout had happened in a few weeks, a drop of 80%, the panic would have been intense and the scars permanent...Now people are still bottom fishing and presuming the worst is behind us...who the hell knows...
 
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