<font class="vb"><b><a href="http://elitetrader.com/vb/member.php?s=&action=getinfo&userid=10405" target="_blank">marketsurfer</a></b></font> <br /> <font class="t2"> </font> <br /> <p> <font class="t2">Registered: Apr 2002 <br /> <a href="http://elitetrader.com/vb/search.php?s=&action=finduser&userid=10405">Posts: 13071</a> <p> </p></font><!-- <a href="http://edit.yahoo.com/config/send_webmesg?.target=www.intrendX.com&.src=pg" target="_blank"><img src="http://opi.yahoo.com/online?u=www.intrendX.com&m=g&t=1" alt="Send a message to marketsurfer" alt="marketsurfer's Yahoo Messenger Online Status" border="0"></a> --> </p> <font class="t2"> 11-12-08 <font color="#000000">06:48 PM</font></font> <br /> <p><font class="vb"> <blockquote> <hr size="1" /><font class="quo"><i>Quote from Thunderdog:</i> <br /> <br /> <b><font color="red">Finished</font> as in <u><i><font color="red">finished</font></i></u>? Have you been reading <i>The Education of a Spectacle</i> again? </b></font> <hr size="1" /> </blockquote> <br /> <br /> <br /> with a capital F. <br /> <br /> no risk, no reward. <br /> <br /> <br /> surf</font> </p>
it sucks you in... you reeeeeeeally want to show people that "you" have the knowledge and insight to divine the true bottom (or top). the hair on the back of your neck stands up, you can't stop smiling to yourself, you do "back of the napkin" calculations on how you'll profit from this, you think... wow, I AM the man --- then you do it! You make your call! @#$%&*!!!!!!!!!!!!! -- it went the other way!!?? Then you sheepishly dig out your Jesse Livermore book (Reminiscences of a Stock Trader) and promise yourself you will never be a douche-bag again. ** NOTE - it's even worse if your "market call" is correct. Then you think that you can "always" call the market direction. ** - GreenDog (longtime trader who has been in "trading retirement" for the past 9 years but may re-enter the arena shortly)
So let's see. You call bottoms and you're wrong and wrong and wrong again until you're right... and then what? What's the point? You're trying to show that if you call a bottom in the Dow every 600 points, you'll eventually be right? This thread is a joke. No one cares about your latest call, most of which are dead wrong, like your call in Gold and your last Dow call. Meanwhile, technical analysts were patiently trying to tell you that 7777 in the Dow was in no way a bottom and that there was another leg down yet to come... Seriously surf, what's wrong?
what a stupid stupid post, you are irrelevant, please stop postulating on what the market will or will not do.
Nah....he probably got stopped out at 300. Then whined that it wasn't his fault. I could only imagine the loses he is taking in his account still being short SP puts.
I fully agree we're extremely close to a bottom that will lead to an enormous multi-year rally, but when buying into a market like this, having a 100 point stop is pretty ridiculous, you could be right, but having that kind of precision would be purely luck.