We have topped!

vanzandt · Nov 20, 2016

JSSPMK said:
Market is heading up, it's evident by looking at it.

6798 posts... hell you deserve at least one "like" for effort alone.

JSSPMK · Nov 20, 2016

vanzandt said:
6798 posts... hell you deserve at least one "like" for effort alone.

So kind. TBF I was mostly active B4 LIKES were introduced.

affan · Nov 20, 2016

Everyone on Wall Street were expecting market to crash if trump got elected. Opposite is happening now, which means Wall Street doesn't know much.

JSSPMK · Nov 20, 2016

affan said:
Everyone on Wall Street were expecting market to crash if trump got elected. Opposite is happening now, which means Wall Street doesn't know much.

Wall Street knows a lot more than we do. They will never reveal their intentions, just like poker players won't show u their cards or a boxer would never tell you where next punch will be coming from.

affan · Nov 20, 2016

Wall Street is full of idiots and unethical ppl. What they are good at is giving false information and reporting good for nothing news. Or coming up with buy or sell recommendations after the fact. There is a reason I manage my money.

vanzandt · Nov 20, 2016

JSSPMK said:
Wall Street knows a lot more than we do. They will never reveal their intentions, just like poker players won't show u their cards

Of course not, but that's what makes them so easy to beat. It is a game. And it changes everyday. Algorithms, HFT's, hedge funds that have six figure research budgets ....and the Street in general..... are very easy to beat if you can read the herd mindset before they even know where they're at. Its almost too easy. You need $'s though to truly win.

vanzandt · Nov 20, 2016

This time around, this is the greatest game of all-time. You don't think Trump knows the markets will move on what he says?

He met with Wilbur Ross today for Christsake. Follow those links I posted under IWM to see what this is all about. They can't announce anything until Wall Street positions itself accordingly.

Hey I agree with TopHat.... the markets ARE overvalued.... but it is what it is.... this time is diffferent. Too much euphoria does not mean a correction looms. We might get a minor one..... and I hope we do.... but our markets are heading north. As I have said before.... this bull is in its infancy.

_______________________________________________________
Wiiilllllbuuuur.
(only the old school guys will get that)

Overnight · Nov 20, 2016

vanzandt said:
...are very easy to beat if you can read the herd mindset before they even know where they're at. Its almost too easy...

I think that might be an insensitive statement.

vanzandt · Nov 20, 2016

It is a skill. I'll give ya that.
Some have it.... most don't.

eganon69 · Nov 21, 2016

Maybe TopHat should put some skin in the game. We should make a bet. My bet is this is still a bull market. We will see 1-3 months from now where we stand.

I am trading accordingly