And "they" are buddy. "They" went short. And it has EVERYTHING to do with the economy. ... classic bagholder.
This is what you wrote: Just going by what you wrote... You want to redeem yourself? Give a target to see how far the S&P can drop to today, EOD closing.
I make calls like that every night. Made it in Stoney's thread too, I also wrote near term on it. We gapped up, and the chart said we weren't going any farther. Simple as that. I knew we'd gap up by how the close was yesterday in rth. I don't have a crystal ball, but I can read charts. Markets don't go in a straight line. You should see the pm's from this morning when I told a few friends here that I went short 15 minutes in today. Complete with screenshots btw. 52 week lows across the board. ----> You're welcome.
Yeah but you didn't qualify the statement that you made below: Anybody can look at a chart that's got a bit of a bullish pattern and say "we are going up" without specifying a time range, when it's going to start and when it's going to finish. And it's only now that you are saying "we weren't going any further". Hindsight is always 20/20. That's what I am saying.
Ok, it's pretty obvious you're the "I must have the last word" type. Whatever. I write what I write and there's lots of members here who can vouch for my accuracy on my calls. Both macro and micro. Including several on this very thread. You don't need a time frame when trading, you need the right direction, the right instrument to trade at that moment, the ability to read the chart in front of you, and quick fingers to know when to get in and get out. Now if anybody needs some redeeming, pretty sure it's you. Let it go. -Case closed.
Yes you do need a timeframe to qualify the direction call. Without a context of a timeframe, direction call is meaningless. Like I said, anybody can dish out direction calls, but without qualifying it within a timeframe at least, it's nothing. It's not tradable. You want to spew out untradable babble like the following statements: without any qualifications, I am not going to stop you but just keep in mind that's what your "direction call" statements are, untradable babble, for entertainment purposes only. That's all I am saying, just calling it like it is.
they aren't if you know how to trade. You just don't know what you're doing. Direction is everything.