We are in a slow motion Crash!

Quote from logic_man:

Still think you're "right"? If so, I'd hate to see what happens to your positions when you're wrong.
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I think Ive been fairly right this whole time. Right now, this is the topping pattern where the /TF now resembles a head and shoulders over several weeks. On Friday the GDP number comes out, but there are many other events happening daily. May is still a few days away.

The thing you are not seeing is how Apple was so oversold yesterday. So this was do for a correction. I went long yesterday right before the close the leading stocks AAPL, CMG, PCLN, MA, V, ISRG along with a few China names like DANG and RENN. My expectation is for a bump and I will sell those names probably either today or next. Im not going to hold through the GDP #s.
 
Quote from blowingup2012:

I think Ive been fairly right this whole time. Right now, this is the topping pattern where the /TF now resembles a head and shoulders over several weeks. On Friday the GDP number comes out, but there are many other events happening daily. May is still a few days away.

The thing you are not seeing is how Apple was so oversold yesterday. So this was do for a correction. I went long yesterday right before the close the leading stocks AAPL, CMG, PCLN, MA, V, ISRG along with a few China names like DANG and RENN. My expectation is for a bump and I will sell those names probably either today or next. Im not going to hold through the GDP #s.
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Ugh, man, you can't debate with someone who's just tuned reality out, but I will mention again that when you started this thread, we were LOWER than we are NOW.

Not to mention that we are still only 3-4% off the ES highs after a month of correcting. That is not a "crash", that's simply a dip in a bull market until proven otherwise.

And you, the attention whore extraordinaire, went long at the close without starting a thread to announce it? Sure you did. And I had sex with Scarlett Johansson last night, so it sounds like the hours after the market close were good for both of us.
 
Quote from logic_man:

Ugh, man, you can't debate with someone who's just tuned reality out, but I will mention again that when you started this thread, we were LOWER than we are NOW.

Not to mention that we are still only 3-4% off the ES highs after a month of correcting. That is not a "crash", that's simply a dip in a bull market until proven otherwise.

And you, the attention whore extraordinaire, went long at the close without starting a thread to announce it? Sure you did. And I had sex with Scarlett Johansson last night, so it sounds like the hours after the market close were good for both of us.
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I said this was a slow motion crash and since you make it a policy not to announce real time calls then I will do that too as well.
 
Quote from blowingup2012:

I said this was a slow motion crash and since you make it a policy not to announce real time calls then I will do that too as well.
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Sure, man. And, actually, I made a real-time call that you were wrong two weeks ago about this being a crash and so far, I'm right.

Here's another real-time call. In 2013, your user name will be "blowingup2013", not "madeatonfromtheslowmotioncrash2013".

I'd say "good luck", but I doubt you'd know what to do with it.
 
Quote from blowingup2012:

I said this was a slow motion crash.....
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Well if the market is higher now that when the "crash" started wouldn't that be a
slow motion reverse crash?


Where do these buffoons come from?
 
This morning's reaction to the UK GDP and the terrible durable goods numbers are another great example of something which separates good traders from bad. Bad traders will try to game out in advance what the reaction to a good or bad number will be, but good traders wait to see if the reaction triggers a trade and warrants putting capital at-risk.

Anticipating reactions to events is a fool's game. Pros understand how to take advantage of the movement after the event, when they can better understand their risk and manage their open trades.
 
Just bought some BIDU in the premarket.

Captain+Obvious.jpg
 
Just dumped and shorted Apple. Why is buying BIDU an odd thing? Whats the growth rate of the US and whats the growth rate of China? What rank is BIDU ranked in China in regards to popularity and webhits? Let me help you out there, its #1.
 
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