Who told you today was going to be an up day before 9:35 EST?

fabrizio · Jun 25, 2003

Who said that was an up day? we where all waiting for up ther to short it till 965 (today) and more the day to came

dbphoenix · Jun 25, 2003

Quote from dookie:

up day ??

Don't you love it when people try to make calls - or take credit for calls - based on the first half hour?

There's a half hour to go, of course, but it looks like both GG and Hershey were dead wrong.

fabrizio · Jun 25, 2003

hardrock375 · Jun 25, 2003

Quote from dbphoenix:

Don't you love it when people try to make calls - or take credit for calls - based on the first half hour? There's a half hour to go, of course, but it looks like both GG and Hershey were dead wrong.

Sure do! GG, great call on the up day. With calls like that, I understand why he is losing money. He might want to spend less time making calls, and more time making $money$.

icarus618 · Jun 25, 2003

Quote from dbphoenix:

Don't you love it when people try to make calls - or take credit for calls - based on the first half hour?

There's a half hour to go, of course, but it looks like both GG and Hershey were dead wrong.

You're half right. Between Gordon and Jack, only one was predicting.

As Jack has repeatedly stated, there are three segments in a day. Each segment flows into the next so there is no need to skip ahead segments.

The AM was a rocket which could be anticipated from yesterday PM per Jack; during midday you had CCC which I've noticed always occurs right before there is a scheduled Fed announcement; and finally in the PM you had a BO from CCC which was caught with a bracket (the BO actually occurred a few minutes before the cut was announced; price seems to lead the news often, doesn't it?).

Because the market flows, there is no need to predict ever. The predicting-betting regime is a trap. Until GG realizes this he will remain stuck where he is in loser land.

dbphoenix · Jun 25, 2003

Quote from icarus618:

You're half right. Between Gordon and Jack, only one was predicting.

As Jack has repeatedly stated, there are three segments in a day. Each segment flows into the next so there is no need to skip ahead segments.

The AM was a rocket which could be anticipated from yesterday PM per Jack; during midday you had CCC which I've noticed always occurs whenever there is a Fed announcement; and finally in the PM you had a BO from CCC which was caught with a bracket (the BO actually occurred a few minutes before the cut was announced; price seems to lead the news often, doesn't it?).

Because the market flows, there is no need to predict ever. The predicting-betting regime is a trap. Until GG realizes this he will be stuck where he is in loser land.

Let's not talk nonsense. Sometimes there are "three segments" in the day, sometimes there aren't. Anticipating this segmentation is not a winning strategy.

As far as "anticipating" (somehow distinguished from "predicting") an up morning, there was no reason to do either, just buy the retracement from or the breakout from the initial thrust.

Keep it simple.

Kicking · Jun 25, 2003

Good to see you are back into trading , pal! I thought this was another of Jesse J rants

icarus618 · Jun 25, 2003

Quote from dbphoenix:

Sometimes there are "three segments" in the day, sometimes there aren't.

Actually, you are right about this. Under the market's usual mode, there are three segments--AM, midday and PM. The times vary but usually the time boundaries are 11:15 AM and 14:00 PM. There are days, however, where midday extends into PM to the close. This is a flaw and is really a good bit of information. I get my cash register ready.

Gordon Gekko · Jun 25, 2003

Quote from dbphoenix:

Don't you love it when people try to make calls - or take credit for calls - based on the first half hour?

There's a half hour to go, of course, but it looks like both GG and Hershey were dead wrong.

no, dude, YOU'RE DEAD WRONG.

Quote from Gordon Gekko:

p.s. today is going to be an up day for ES. (at least til the fomc announcement)

p.s. as i later said in my thread, who cares about predictions, anyway. i just did it for fun...

Gordon Gekko · Jun 25, 2003

Quote from hardrock375:

Sure do! GG, great call on the up day. With calls like that, I understand why he is losing money. He might want to spend less time making calls, and more time making $money$.

PAY ATTENTION!

Quote from Gordon Gekko:

p.s. today is going to be an up day for ES. -----> (at least til the fomc announcement) <----

btw, oh yeah!! what a terrible call! it only went up 8 points after i posted it. what, was going SHORT a better call at that point?!?!?! COME BACK TO EARTH, PLEASE!