We have topped...

retaildaytrader · Nov 5, 2010

I have come to Elitetrader to announce the top is now in. We have topped. The next low will be in March of next year. I am putting my reputation on the line with this post. The next recession will start in January. The recovery has ended.

krazykarl · Nov 5, 2010

Quote from retaildaytrader:

I have come to Elitetrader to announce the top is now in. We have topped. The next low will be in March of next year. I am putting my reputation on the line with this post. The next recession will start in January. The recovery has ended.

Please go.

Bolimomo · Nov 5, 2010

Quote from retaildaytrader:

I am putting my reputation on the line with this post.

What reputation?

You'd made a "top call" on Oct 11. Instead of acknowledging you were wrong, you just start another posting saying this IS the top?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=208293&perpage=6&pagenumber=1

jokepie · Nov 5, 2010

Quote from Bolimomo:

What reputation?

You'd made a "top call" on Oct 11. Instead of acknowledging you were wrong, you just start another posting saying this IS the top?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=208293&perpage=6&pagenumber=1

TheMan · Nov 5, 2010

incorrect

you and deadbroke should become trading partners and start a trading room

lol

Eddiefl · Nov 5, 2010

Quote from retaildaytrader:

I have come to Elitetrader to announce the top is now in. We have topped. The next low will be in March of next year. I am putting my reputation on the line with this post. The next recession will start in January. The recovery has ended.

You my friend are a horses-ass. So kindly, get a life.

EF

Options_Noob · Nov 5, 2010

I also thought we may have topped, but now that you've said we've topped I better go long. :eek:

pspr · Nov 5, 2010

Hey everybody, RDT just put out a Super Buy recomendation on the market. We've got the green light to mortgage the house and go fully invested in stocks!

Wait for the RDT capitulation thread to lighten up.

Hello · Nov 5, 2010

The market will be up atleast 5% from here by years end, probably more. The market will dip next week, im a buyer at 120-121, and i will be getting incredibly long for years end. Buy any dip from here on out. Current Spy price 122.7, 05/11/2010.

Nine_Ender · Nov 5, 2010

Quote from retaildaytrader:

I have come to Elitetrader to announce the top is now in. We have topped. The next low will be in March of next year. I am putting my reputation on the line with this post. The next recession will start in January. The recovery has ended.

And you posted this as well :

Quote from retaildaytrader:

I have come back here to Elitetrader to complete my CORRECTLY CALLED bottom call with a top call. Elitetraders, it is now time to go to cash. While I feel there might be some room to go up further by a few points, the risk right now is too great to be on the long side.

If you have not done so already, I urge you to go to cash and get ready for the next move. Remember, we are now entering the period of October. We could wake up one day to a massive explosion in New York City or some large terrorist event in the world right before the elections. Iran could suddenly seal off the Med. Whatever it might be, you should not take any risks right now.

Look at this chart. The percentage of stocks over their 50 day moving average is now over 90% and has been for several weeks. This is not a time to get loaded up with the longs.

Remember, price turns very quickly and the downward pressure can last a while.

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1165 to 1225 means you missed a 5% move. Not earth shattering unless you bought triple bear ETFs as a strategy. Oh wait, that was your recommendation wasn't it ?

To your credit you "only" posted two top calls. Fly Down posted around a dozen top calls and other posters like MK Trader and Dead Broke have been posting bearish rubbish nonstop throughout this rally.