Of course, if Jesse really had it, he could tell you what to look for that would warn of an impending event of that sort. If nothing else, the exercise would do him good.
I would not be staking my rep on the dow at 9000 It is still coming off a bear market of extrordinary extreme and we are in a time of technical rather than fundamental so to do this is really putting yourself in the firing line I say this to give you a chance to really think about all that drives the market and how many have been burnt recently as well and who the major players are and how they operate A little thought here and you may just change your idea phil
"My opinions about Jesse mirror your own. Survivorship bias. While Jesse is patting himself on the back, I hope I'm not the only one that remembers the post below: -------------------------------------------------------------------------------- Quote from Jesse J.: and I am not looking for dow 9000 anymore. very limited upside from here. there is a good possibilty of a correction soon. -------------------------------------------------------------------------------- He made two calls. The second one refuted the first, his first one was right, he quietly ignores the second and screams about how great the first was. He has been "wrong" for about a month now and around 500 points off. Wrong being subjective to whether or not he made or lost any money on the above quoted call. If he lost some, then he was wrong, if he made some he was right, regardless of what he said. If neither of these is true and he doesn't trade then he is just a child starving for attention." Jesse is a pathological liar.
well thats what i was thinking, short at 9000 well thats what the muppets will be doing - too obvious - so I go againts the crowds and go long !
to see a minimum wage "moderator" skew the truth. Just read this entire thread, to see how I felt from 5/5 about Dow 9000. more specifically, read this post below, and note the post right after it. Ironic, the same DumBphoenix, dgabriel BS. http://www.elitetrader.com/vb/showthread.php?postid=253653#post253653 No folks, I was pretty much calling for dow 9000 as long as this thread existed. On a few days I wasn't so sure. That's the way it goes in the stock market. Just look at my post above and you will see my train of thoughts ran straight to dow 9000.
Oh, please, God, no. Along with everybody else who recognizes a trading range, including those who were around long before you became a member. You do know what a trading range is, don't you?
http://www.elitetrader.com/vb/showthread.php?postid=253653#post253653 Isn't that a post from you challenging me immediately after I made above statement? And you want ET folks to believe my linked statement is a 'surprise' to you? Can you say "stupid"?