WARNING: ROUGH DIAMOND PATTERN ON THE QQQQs CRASH IMMINENT

Quote from vhehn:

nothing wrong with being bullish when the market calls for it but a perma bull is annoying.
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Quote from stock_trad3r:

shh you're not suppose be bullish on elite trader
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Yeah, it makes me wonder what sort of horeshit you were posting for the last 9,000+ posts.

I think if they wanted to call it elitebull.com, they would.
 
Quote from sirgiyan:

Sir, I do not consider it to be laughable. We are going down regardless of the report. The best case scenario we pop up at the open if report is better than expected and that's it.
811 is the support but I believe it would be penetrated easily. Look at $CPC PUT/CALL ratio - it's soooooo bullish that I think we are doomed short term (week from here)
Also financials and EURO/YEN did not make a new high today. Oil was up 7% so XLE (it's components) helped this to pop up. BUT oil is going south from here, so watch out below. Buy ERY - it's the last chance to get it that cheap this week
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Good analysis. Eur/Jpy is always a solid indicator.
 
Quote from Port1385:

The QQQQs have failed to make a higher high today despite a broadbased rally. Tommorrow, funds will be selling off. Time to dump now.
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LOL. This was posted just prior to our last 2 day rally.

Really, don't your market calls - which are always awful - at some point become embarrassing to you?
 
Quote from lindq:

LOL. This was posted just prior to our last 2 day rally.

Really, don't your market calls - which are always awful - at some point become embarrassing to you?
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No one can really track them but in their head. He can always point to the one he was right on, and not to the ones he was wrong on. Only the community knows the answer.

That call was absolutely atrocious.
 
Oh. Im early on the call, but I dont believe I am wrong...at least not yet. I got my pivot today and went into TZA. The QQQQs too strong where as the IWM will crumble with any further contraction in the economy.

Im not like the majority of ETers who jump right in. I patiently wait for the point of turn and then get in with a stop.

I might be crazy, but I am no idiot.

To set things straight, I dont really care what anyone thinks. I care about making money...

Quote from lindq:

LOL. This was posted just prior to our last 2 day rally.

Really, don't your market calls - which are always awful - at some point become embarrassing to you?
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Its that time. Hanging man formed on the QQQQs at the end of the day. Go back the last year through the chart. Anytime this candlestick has appeared at the top of an uptrend it has preceeded a selloff. I think its that time...and I have been waiting patiently.
 
Quote from Port1385:

Its that time. Hanging man formed on the QQQQs at the end of the day. Go back the last year through the chart. Anytime this candlestick has appeared at the top of an uptrend it has preceeded a selloff. I think its that time...and I have been waiting patiently.
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I'm with you 100%
Not to mention that volume was next to ZERO today. The only thing which troubles me is that VIX closed below 200 DMA and below 40. (there is a good thread out there "all eyes on VIX" So monday is the moment of truth.
 
Quote from Port1385:

Oh. Im early on the call, but I dont believe I am wrong...at least not yet. I got my pivot today and went into TZA. The QQQQs too strong where as the IWM will crumble with any further contraction in the economy.

Im not like the majority of ETers who jump right in. I patiently wait for the point of turn and then get in with a stop.

I might be crazy, but I am no idiot.

To set things straight, I dont really care what anyone thinks. I care about making money...
More...

Early is wrong.
 
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