Without you realizing it, your statement is absolutely correct (but not in the sense that you think of it or aimed for it). RFT fakes the bulls at the top, and the bears at the bottom. As I wrote before what you think is right is wrong, and what you think is wrong is right. So just work hard, and do the opposite (particularly in trading) of your conclusions. Today I did it to the bears at around 10:35AM, and then did it to the bulls when NDX was about to close the gap. The proof that I did it is here: http://financialtraders.blogspot.com/2008/06/stock-market-stock-trading-june-18-2008.html And above it all I told everybody (including the bulls) that I will fake them at the close of the gap on NDX, nonetheless they fell for the trap. Maybe it was hogs who fell in the trap, and got slaughtered again! RFT (the man who Really Fakes Traders (RFT) at the top and at the bottom and cut their horns)
I just made this post in RO thread. RFT has done it again (TWICE today). If things stay as they are he has called FIVE tops in 4 days!
I did exactly the opposite: went long at 1960 & 1976. NDX is now at 1990, giving me 44 points of profit.
RFT has issued another call on his blog. Short NDX at 2:35PM with NDX at 1988 to 1989 area. He is also posting his trading record later today on his blog. Stay tuned! This is a wild great profitable day.
I made for today: (1960-1945)+(1977-1965)+(1987-1965). The latest trade is to come. PS: they are trying to pin the dow at 12100 (trading of those options finish today). That is the game they are playing. It was foretold in RFT's blog. And advised those not familiar with game to stay out. RFT: playing the market maker's game, and wins it! PS: We have not counted the MASSIVE profits on the other NDX down days of earlier this week. The tally would come, and it is MASSIVE!
Check my recorded here for today: http://financialtraders.blogspot.com/2008/06/stock-market-stock-trading-june-19-2008.html http://financialtraders.blogspot.com/2008/06/stock-market-and-stock-trading-nasdqq.html
I made more money than you yesterday (not to mention the other three days before). And this morning: your asset is being delivered to you! QQQQ are back to 48.35 down from 49.00 when I last shorted it.
With NDX at around 1938, RFT issued a call at 10:04AM on his blog. Cover all your shorts on NDX. RFT (God bless him, and his good readers)
New market call: " If you have the courage, and can scale in, and only with half a normal size position, now with NDX at 1931, go long." source: http://financialtraders.blogspot.com