That may be true. Why, then, all the rejoinders about how right you are "so far", particularly if "the jury is still out"?
Come on, db. Of course I welcome all points of view. That has nothing to do with the fact that i'm beginning to look very correct about my analysis. If anyone disagrees, please voice your opinion. I'd love to hear it.
1120-1125 is a critical level for the S&P index. My guess is that the sell-off temporarily stalls there, giving hope to the bulls that we will bounce from the bottom of the trend. Of course, I believe it will ultimately bust through 1120.
Manolo tried to share his ideas on this forum. The ideas were trading related, and proved to be quite fruitful. I'm disappointed with the response I received. I don't understand how a trading website can greet credible ideas with such disdain. Thank you db for at least trying to engage me in a dialogue. I'm sorry you didn't quite understand my methodology. But I hope others understood that I was adding up my indicators and decided a large selloff was upon us. And I started this thread on sunday, when the S&P was at a 52 week high. What more could I have done? I tried. Sorry that you people don't appreciate on-the-mark market strategy. I listed many reasons why I was negative at this point in time, and you can re-read them on this thread. I tried.
I feel very sorry for you too. Perhaps you should come out with your very OWN website, or maybe a newsletter and you can go on CNBC and be interviewed by Ron Insana in the last hour of trading and take everyone to the "promised" land! You could tell us all about the "double-bottoms" in the VIX that go all the way back to last Summer, when the NASDAQ was 42% lower. Or, you could bring your charts and show us your simple trendline analysis. I'm sure that everyone would then be a HUGE believer in your methodology. Just tell us how much it costs to subscribe. We are all cheering for you! Good Luck.
It would've helped your cause immensely had you expressed where your felt the position had "edge" in lieu of simply stating the market was due for a fall. Unfortunately, your tone and tenor seemed to resemble a poster on this forum who's a pathological liar and narcissist. I absolutely agree with Waggie that the ET alias issue clouds an otherwise excellent forum. I realize that web-statistics are improved by allowing for many aliases, but it stifles productive posting. In any event, this is my last post here -- I will lurk, as I feel I've benefitted from the site, but will not post due to the alias-issue. I realize this is a bit off-topic, but it relates to the cold-reception you've received regarding this thread(and others). Peace, riskarb