Marketsurfer says-- BOTTOM IN, time for longs!

SURF ALERT SURF ALERT SURF ALERT SURF ALERT


LONG YM @ 6533


IT APPEARS THE BOTTOM IS FINALLY HERE.

strongly suggest LONGS. This is a classic historic bottom---

regards,

surf

 

As I recall, you have an overall decent record, but you tend to be early with your calls.

Same this time?

 

Marc Faber says:
“Equities could rally between here and the end of April,” Faber said in an interview with Bloomberg Television. “The government’s efforts will fail to boost economic activity. They can boost stocks. Stocks have adjusted meaningfully.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeDRhNolpJIg&refer=home

 

Reasons? Why is it classic? Also what is your Gold outlook?

 

Damn, I was finally starting to get bullish. LOL.

Well at least you didn't call "THE BOTTOM" this time after the indexes were 20% off their lows.

Let's hope this one fairs better than your other awful calls.

 

Thanks, Sandy.

To further clarify this exact call, it is with 100 point stops on the YM. It may be slightly early, but I am convinced the bottom is here or very very near ( 100 points ).

regards, surf

 

yes, he is correct.

thanks, surf

 

what are your reasons?

 

Surf, not that I can't sniff something in the air or anything, but why oh why don't you appreciate the power of a conjunctive effort? You buy when price is still falling & sell when price is still rising...

Jim Rogers admits that his market timing sucks, but he is more of a visionary, hence his stops are probably at 0 when he is Long a market, but you my friend are a countertrend kinda guy, so why not wait for a big wave, after all you are meant to be a surfer

I do hope that you do not get an LDD in your face

 

that was a long time ago (internet time)