Aloha guys, can i just ask why everyone is being so harsh and rude to this surf bloke?? :eek: All the guy has done is make a trade call on a trade that he is makin ffs! He isnt forcing anyone else to use their capital to go long. lol It appears that theres some plonkers here who are STILL making new sell trades on the Dow, with targets around 4000 t 3000, so im just confused as to why those saps aren't being ridiculed for making such stupid calls instead...?! :eek: As for my own personal view, at this 6500 and below level the dow is EXTREMELY easy to trade, as providing you ONLY go long, and TIME though longs correctly with EXTREMELY PATIENCE on your entries, then it is ridiculously hard to lose money instead of making profit every trade. I personally am buying the dow everyday/few days now since last tuesday night, always buying just above the session lows (lowest lows of this down move), and have been enjoying raking in extremely safe and easy 30 t 90points profits for holding trades for under 1minute / few minutes. Anyone who is critising surf for buying these levels and now wants to try critising my trading is welcome to... But before you do please remember that i have repeatedly and consistently proved that i have and still am not only generating levels sucess in % profit terms that non-one else does match, but more importantly and meaningfully, doing it from a financial situation that no-one else ever could even come close to doing it from. (Not my opinion, its just the simple facts) But a direct question for you surf..., what time frames are you looking at for holding your buy trades?? Like are you buying, holding for a few minutes cashing in for a few 100points profit, and then redoing it buying at as low level as you can get in at? Or you holding for hours/days??
Ooooo...Oooooo...Ooooo /raises hand. can i make a technical prediction? we will break 857 SPX by April 30th. Serious...May 15th the latest. Count me in with the bulls.
He is calling a longer-term bottom (not an intraday or bear market rally) with a 100 point STOP. Just states no basis other than the usual meaningless (read: losing) analysis - "we are so low it must be time to go LONG". No offense to the guy, but you will not trade that way for very long and still be solvent. Hence the condom rants and countless replies and views. . .most think this way. Unless of course you are an "idiot" that unrightfully lambasts threads from the likes of this. Marketsurfer says the BOTTOM IS IN, stating no supporting evidence. But it must be so - after all he said it.p$
Pay, you just nailed it. Surf was in the Bottom, and the evidence is the used condom hanging out of Timmay's bunghole.
Rally this week? Easily. (if bloomberg displays things correctly we are rallying right now) Bottom this week? I don't think so... but unlike Mr Rennick I believe we are VERY close.
As everyone in this thread is asking for ''evidence and reason'' for why you should ONLY BUY the dow at these levels, unless you dont mind losing your money... Ive attached a chart to show why.. Im not suggesting that you 'Buy, set target at 10,000+, and then just go on holiday for the next 5years'! lol As that would be a very foolish thing to do, since you will miss out on ALOT of very easy money if you did do that. Instead im advising that if you dont want to lose money, and so only make money from your trades, ONLY BUY the Dow from now, but just make sure you have ALOT of intra-day PATIENCE to wait for the big spike down (often over 2 t 3days straight of down days), and then when you see a revesal formation form (if its been 3days of down move that is about 9% down straight), So if you buy hard there and just set your target of aboyt 100 t 200points, its reasonably likely to have that target it within a few minutes, quite likely that it will be hit hit within a few hours (especially if you buy at the close of the 3rd day whihc is the lowest point, and cash in next day when market opens up 100points), and EXTREMELY unlikely that your tarbget wont get hit within a few days. Easy easy money, nearly as easy money now as it was from the time oil went over $138. Chart- (red circles around the big steep drops, and then purple circles to show the bounces and sideways chppiness that followed EVERYTIME). And thats not just what happend in dow, that is what happens in every single market. I specialise in JUST TRADING REVESALS, so i do know what im talking about here. And it is extremely riduclously unlikely that we arent gna ssee some big upmoves over the enxt few days n weeks as the market makes a choppysideways path, if not actually even starts miving upwards already.
I dont know what you mean exactly mate, but if you are trying to say the market is again going to get extemely volatile i am extremely looking forward to that.. I actually dream about the VIX being permenantly stick at above 80! That would be the most fucking beautful thing on earth!! And in regards to me buying the dow everyday, i dont know why your trying to act like mr smug.. lol Since its extremely easy trading, just sitting there waiting for the perfect opportunity, clicking the buy button, 1minute later clicking the sell button, and cashing in 50 t 90points profit. Easy easy money.
Pay, you just nailed it. Surf was in the Bottom, and the evidence is the used condom hanging out of Timmay's bunghole. bump