hehe. Sometimes If one feels the need to short something, there's MUCH better options that the friggin' ES which is geared to go UP over time! Its suicide, but some people never learn.
DB I'm pissed. I closed this thread already. It's dwindling importance has been echoed by the markets rise. When I left here you were in full bloom the DOW was about to lose 10,000 and the bear sentiment was at levels not seen since Lehman. What was the reason? Well, they couldn't come up with one. First in was China slowing. Then China was not slowing. Then it was the fact the god forbid deutch bank had to raise capital and sell shares. Then folks realized every US bank has already done that. Then Ireland was about to blow. But then Portugal raised money no problem. Frustrated on the international side, the bears turned their attention to the US market, first the job situation was out of control. Then as I told you we got the surprise report. Next earnings were slowing. Then they were beating. Next the Fed would not ease. Next the Fed is rumored to be quantatively easing. Ok, well at least the tea party & the Republicans will win every election. Obama will yank those tax breaks and pretty soon everything will be right wing. Then the tea party dipped it's bag and split votes with Republicans causing them to lose as well. OK back to Arch Crawford! that once in a lifetime eclipse this summer.... uh... something new about that SOMETHING! Poverty rate That's it. THE US NOW HAS THE HIGHEST POVERTY RATE EVER IN RECENT MEMORY! Today, we'll go with that. And here we are. SPECIAL NOTE* When I left I told you the market would go from 10,000 to and above 10,350-- that important level... I told you to watch Apple always as an indicator lose 220 area and maybe you have something 250 plus... the Naz is marching. You said ' interesting at the time & you would have to think about it' Did you think DB? Or just shoot your mouth off? Ok I looked at your wave down analysis and remarked that YOUR OWN RESEARCH indicated a move to 10,600... you even agreed I think- so we are here. Now your thread started at 10,100 as I remember, which called for a "top" and it looks like the market is about to print an 11,000 handle. Then the White house is going to reveal that more than just the $250,000 and under crowd will keep their tax breaks... in clever language that won't allude to the same levels or the name Bush, the White House will give an additional 2 years to a large portion of the crowd about to lose their tax breaks. The rub. After 2 years and after the next presidential cycle EVERYONE WILL LOSE THEM ALL! I'm telling you secret stuff DB but I want you to be fully informed so you don't make a bloody fool out of yourself here. Tax clarification really ignites the rally that then flatlines through the mid term elections. If we get a Republican win in the Senate and gridlock-- that will be spun as good for stocks too and we will get higher in the DOW 11,000's... Now as I informed you before- you're call is actually near correct! It's a TEN YEAR BOTTOMING PROCESS! It's amazing how just one word slip has landed you in all this trouble. I'm not going to bother to read any idea you can't flush out on the page and have to link to some MANBLA thread. End of world scenarios??? Are we going Hollywood? What's next? The Vatican really bombed the World Trade Center? I don't know what to do with you DB. As you have stood there holding your unit, I have come on ET and given I'm guessing $60,000 of profit to the ET community. We can certainly add it up. It's an awful lot for two months. I want you to participate to stop paper trading and get with it DIVE INTO THE WAVE. I want you happier and not so damn deadbroke! Your whole attitude would change if you thought you could trust the market; That it wasn't all fixed in some startling way. What if Deadbroke stopped talking trash and actually made a dollar? Can someone so negative have a positive idea? Right now Deadbroke, the breadth of the market is surging, more and more stocks are at 52 week highs, sure it's a trick in a way we are off low highs, but it's a trick that tricks the same Quants & computers that took us down. I want you RIGHT NOW DB to use your powers of TA to locate good ideas. Profitable trades. You'll find out that people really read your thread and appreciate you not when you clamor for attention-- but when you deliver a winning trade. Make ET'ers some money and you'll be remembered with the other great ones of the past who have been here like $COSTAVERAGEMAN, TOPDOWN & so many more. You would be surprised in this ET internet audience here are quite a few interesting smart investors-- they usually don't post-- and there are some desperate young hedge fund dudes... their very lively hood fading away... both these folks need stock ideas not end of the world stuff. I think I speak for the rest of the investing public and all the Seniors with the IRA's when I say we are just so darn tired of the negativity. As a Country we transitioned from a manufacturing economy that exports to an egg head economy of thinkers and Nurses. Along the way we created a zillion Real estate agents and investment bankers, dimwitted easy money boys and gals who will never get another job. We have parceled overseas all our jobs to the point where ironically, it's only 10% more expensive to hire an American now at a call center than an Indian. The transition to one huge consumption machine that can't even grow it's own crops is changing back. We are becoming self sufficient again, manufacturing plants are reopening slowly and future jobs that would have been lost overseas will now have a fighting chance here in the states. More folks will farm and more food will reach the table. Green technology hopefully is the next tech craze and we will control our own steel and timber. If it really is going to be the end of the world in Europe, folks are going to be surprised at how insular and how well off young America will be. ~stoney PS:If these stupid fat finger references are about the Flash Crash your ability to rationalize stocks going from $40 to ZERO boggles the mind. How anyone could believe that was the inner workings of properly run market is beyond me.
In Oct 2009 I laid out the blueprint. And clearly stated that the crash would occur when the bearrally from March 2009 ended. Now we get to this thread. The CALL for that end is made here. Dig? No contradiction at all. That rally from March 2009 just needed to be timed to the end. Granted in another thread, my TA thread, I made mistakes with the said timing. We'll see if I've improved here.
u r the only one here calling top. or market correction... I too can call top by drawing bunch of lines on the dow chart... all i care is timing.... do u remember wolf and Shepperd story someday u will be right but ur post will have no value...
That's a very fair question, alex. Can't you tell I don't know doodly about forums? I'm brand new to ET. Besides what's the big deal? Everybody here KNOWS I'm guaranteed to fail. I mean look at the odds against my CALL ... let me outline them for you ... not a single one here at ET agrees with me not a single one outside ET agrees with me, except perhaps Prechter. And you all think he's crazy so I must be too. newsletter writers are mostly heavily bullish, some are bearish and expecting some kind of small correction. At the worst, there are only a few expecting a retest of March 2009 lows. That's how alone I am in this. And I gotta tell you; this is the way I like it. Confidence in my CALL is now +95%.