Why are people angry if someones call is not spot on? haha, this is trading folks. It is not just that after the factness "I BOT and SOLD here folks, that is picking a top and bottom!!" but how u are trading the idea, minimizing the damage when wrong, getting out when u can, adding when u can, staying aggressive. Sometimes, one gets hurt and is happy to get out minimizing the damage. It is interesting to see people curse the stye, "picking tops and bottoms" well, what properties does one find if tests are done on the characteristic of the SP market? And the, minimize risk with that stop placement..." Ouch, I feel the pain in that statement, It hurts to me more than getting slammed -30 points in the SP. Most traders I have known who know how to make real money also have been wailed on on more than a few occasions.. Traders without gamble in them bleed.
Apex82: I could not make of the two number on your quote. ( 78.6 and 1.2764), try to figure them out for last couple days..
I bet thorn would be far more likely to share his valuable opinions with us, if not for all the bashers who persistently de-motivate talented traders from making public calls here.
Till the next Thorn call, buy all the dips. There's nothing like a rally based on rampant inflation and endless wars. 1480 here we come!
Didnt rubberbird (thorn) get the cheescake last year? Da bird was da word Best guess 1302 (take an outlier-looks better if your right )
this is daily chart hmm...looks overextended if looked upon weekly chart....but anything can happen. Plus I read this article in WSJ that there is alot of bears still in the markets. Hmmmm......Thats odd. And by the bears, I mean institutions which are bearish on the markets since that bottom in the summer
Exactly the point. The market has been grinding up steadily with mucho bearishness sentiment amongst real traders. There are lots of bears like thorn scratching their heads trying to figure out what to do next. Guess what happens when these bears all start figuring out that they're missing the last major rally of their lifetimes?! yep, a massive parabolic blow off top!