Reminder: The violation of Warren Buffet's Law is now soooooooo. over the top that it eclipses the froth of 2008 ET here ..... The madness of Crowds is clearly evident here. https://www.elitetrader.com/et/threads/gotta-love-zero-risk-in-the-sp500.85694/ All in the face of The Dow Theory Bear Market signal in December 2018. We are in a Bear Market Lambs to the slaughter. Every Major Top/ Bottom, same story. History repeats itself - in this aspect in exactly the same way The only silent one here is bone. He is in dire straits. If I live, his busness will collapse like a ton of bricks. He can't sleep these days. The terror must be overwhelming. I don't wish this on anybody but you go up against me, you lose - big. Rally from December lows clearest wavecount by Transports. We are in the final 5th wave for rally from Dec lows.
Imagine how much more credible your hubris would be had you been long a bull instead shorting B1S2's imaginary bear.
Shouldn't need to say this, but from the very beginning the Zero Risk thread was a (mostly) wry and facetious take on the probable, and continuing, over-stimulation of the markets by the Fed. The attitude is basically why bother trading when the market just goes up? Just buy on every dip... Hasn't been too far wrong for 10 years. Good trading to all, even fibo!
Being disciplined doesn't mean we follow the book blindly. Take for example price is going up and is approaching 61.8% level. Many newbies would enter a LIMIT SELL order at 61.8% level thinking Fibonacci was an great Italian mathematician. And Fibonacci created those powerful numbers which were using displayed in nature such as sea shell dimensions, human head/body/arm/leg length ratio .... Knowing Fibonacci level is one thing. Having skills, ability, experience, & competencies to use it for trading and profit massively from it is another thing.
Fib means very little outside of context. And actually means very little inside of context..LOL HOWEVER 50% pb is useful and it isn’t even a fib number ROFLMAO.
Thou art welcome! Forgeve me Father but I'm going to have to put my finger in Clubber Lang's bum Clubber Lang post June 2008: The Working Group is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures" ------------------------------------------------ Today's selloff was very orderly. No panic selling = no reason for intervention. hahahahahahahahahahahahahahhhhaaaahahahahahaha. ..... same shit different Bear. This prick couldn't take out a burger out of a take out stand.