Market has topped on 2019/11/07. Get the hell out now.

Discussion in 'Trading' started by noddyboy, Nov 8, 2019.

  1. Overnight

    Overnight

    No thank you. I don't get my kicks out of a professional golfer posting pics of cats, a hot woman, and a fancy sports car. It just reeks of "look at me".
     
    #121     Nov 16, 2019
  2. ironchef

    ironchef

    Perhaps you should be looking at non-correlation instead of correlation, like us options traders? :D
     
    #122     Nov 16, 2019
  3. ironchef

    ironchef

    #123     Nov 16, 2019
  4. No. I've corresponded with Brent about his composite volatility indicator and watched some of his YouTube videos. I like his approach re risk management but never pulled the trigger with a subscription.
     
    #124     Nov 16, 2019
    ironchef likes this.
  5. orbit23

    orbit23

    I was wrong.... There is no money to be made anticipating the drop. Just buy the shit out of every dip, and the first time you get stopped, flip short on the bounce.
     
    #125     Nov 17, 2019
    ironchef likes this.
  6. ironchef

    ironchef

    Why didn't you? He claimed this level of returns with a red light green light trading system, real easy to follow:

    upload_2019-11-17_12-3-56.png

    > 50% CAGR since 2010 for only $80/month subscription fee!!! Invest $5,000 using this system starting in 2010, by now you would have $186,875 in your trading account.

    Sounds too good to be true???
     
    Last edited: Nov 17, 2019
    #126     Nov 17, 2019
  7. I've been trading my own strategies (backtested to 1995) with good results. I don't think a backtest to 2010 is long enough (it doesn't include extreme market periods like 2000 and 2008).
     
    #127     Nov 17, 2019
  8. S2007S

    S2007S

    Interesting

    Why Dow 28,000 could mark that ‘blowoff top’ bears have been predicting
    By Shawn Langlois
    Published: Nov 17, 2019 9:25 p.m. ET






    Last month, the Federal Reserve began snatching up short-term Treasury debt to the tune of $60 billion per month in response to the repo mess that sent a chill through Wall Street back in September.

    While it might sound like another round of quantitative easing, Fed Chair Jerome Powell wanted to make it clear: It’s not. “In no sense is this QE,” he said.


    Smith used this chart to help make his point:

    [​IMG]
    “Calling QE not-QE doesn’t make it different than QE,” Smith wrote. “The Fed’s level of panic is noteworthy, as is the absurd transparency of its laughable attempt to conceal its panic.”

    And with that panic, Smith believes that the recent pop to new highs in the stock market could finally mark that elusive blowoff top.



    https://www.marketwatch.com/story/w...off-top-bears-have-been-predicting-2019-11-17
     
    #128     Nov 18, 2019
  9. S2007S

    S2007S

    #129     Nov 18, 2019
  10. Nine_Ender

    Nine_Ender

    This is one of the dumbest articles I've ever seen in financial press. Another guy trying to drill up interest by using superlatives to get guys like you overly excited about nothing. The chart tells a far different story then what this guys selling.
     
    #130     Nov 20, 2019