I don't know why, but every time I see this thread's title it just cracks me up. I guess it's the combination of the words "massive market surge" which there wasn't anything close to a surge, and "I am right" which of course we all know he wasn't.
I'll never understand the HANS story. They give the sh*t away at Costco. Pepsi and Coke products are 2x the price.
Hans gets killed and falls to 30. Loss~31% Chap 72 TIE 27 AAPL 68 GOOG 388 Overall this sucks. However the nasdaq is rebounding but it doesn't matter at this point since the average is weighed down by Hans and Tie. Although my picks have been awful I was right about the market rebuonding suddenly. This week alone the nasdaq added nearly 100 points. AND SHOWS NO SIGN OF STOPPING AS IT CLOSES AT ALMOST 2150 TODAY..A COMPLETE REVERSAL SHORTS GETTING KILLED We could see the nasdaq go to 2350 by September easily. And then maybe 2500 by november.
Atleast I got this part right about the markets rebounding sharply. Stupid HANS ****** my record. I was almost in the black.
Congrats on your correct prediction (Although it happened a little later than you expected) but hey you were right ... right? Isn't that what this thread is about? *Good luck with the losses*
I'm mostly basing this on my chart patterns and volume action. About a month or so ago, I suggested in the chatroom (when market was tumbling down huge) that the market could rally for a blow off top before any continued drop. I have covered my ES shorts from 3 weeks ago. I now think there will be a very good short opportunity ONCE there is a sign of weakness in the market. For now, this could keep going for maybe another week or so. Unfortunately, I don't have Rennick's crystal ball