There isn't any point in debating this dozu fellow, from what I can tell he is a long term investor who buys and hold the QQQ. He does not trade, investing is a completely different game. The odds of changing a stranger's opinion over the internet is smaller than being a successful trader who does not become a long term investor every time he loses.
https://www.bloomberg.com/opinion/articles/2018-07-03/smart-money-club-has-kicked-out-the-optimists In the 1950s and 70s the index was not applicable, AAA bond yielded more than 5% a year and everybody had a larger exposure to bonds than stocks. But now with hundreds of thousands of funds running a variety of strategies the rapid plunge in the index is highly concerning. It was right in predicting the two "corrections" last year and the last two bear markets.
I'll probably be barred from this thread too (3 & counting) for telling the truth and "abusing" the dozu fellow, so nail the info while its here. If I don't see you again, all the best to you. Correct about the dozu fellow. Even if he is an LT investor, he is a very very poor one. He is on the same side as the taxi drivers, waiters etc., who are yelling how easy the stock market is they are raking in the profits with eyes closed. All ignoring Warren Buffet's, "be fearful when others are greedy/euphoric". ...... and. The great Bernard Baruch who said, "the main purpose of the stock market is to make fools of as many men as possible". ...... Now look at HISTORY. Has the stock market done so ? Yes, in spades. But this time its different? hahahahahahaha. LOL This has escaped them all: SPX daily: Trend violation #1. lower low lower high Trend violation. #2. Feb 2018 major low taken out = structural wreckage Trend violation. #3. Dow Theory, the oldest, most successful methodology SELL signal Dec 2018 Trend violation #4. Death Cross (do NOT use CNBC sma, use ema). Easily shows not only the 5 waves but also the a-b-cs Trend violation. #5. Monthly trendline from 2009 busted. Goodbye SPX, game over! Example: Great Depression 1929 - 1932. death cross & golden cross & Dow Theory clear winners with ease. Blew every other methology out the door. Elliotticians if any, could have been working round the clock to figure stuff out. Dow Theory guys were at the beach the whole time enjoying holidays in the Great Depression
I could be expelled at any moment so get it quick. ......... Spot on about share buyback driving the market higher. Keep it up. . Go here for more on buybacks + more, its my thread. .... https://www.elitetrader.com/et/threads/bear-market-almost-ready-to-resume.330744/unread Best indicator for you since you are at ET is ET itself. I've been banned from my own thread. Why? Because if right it makes the whole site look downright terrible. If SPX reverses, thread will be deleted, guaranteeed. Get it now. There is no better Indicator than this. Terror! The wall of worry = every post I make here. I have to restrict language to Sesame Street. Go to search engine and pull up year 2008. Then take any oldtimer now and plug him in and you will fall off your chair. These cats were Long and buying up a storm in June 2008 even after the market had already crashed bigtime. They were buying all the way to the bottom. And then at the bottom in March 2009 they liquidated all Longs and went short. You will have a blast. Enjoy see detailed chart for one such oldtimer who is still here today. ........
I could be expelled at any moment so get it quick. ......... Spot on about share buyback dring the market higher. . Go here for more on buybacks + more, its my thread. .... https://www.elitetrader.com/et/threads/bear-market-almost-ready-to-resume.330744/unread Best indicator for you since you are at ET is ET itself. I've been banned from my own thread. Why? Because if right it makes the whole site look downright terrible. If SPX reverses, thread will be deleted, guaranteeed. Get it now. Go to search engine and pull up year 2008. Then take any oldtimer now and plug him in and you will fall iff your chair. These cats were Long and buying up a storm in June 2008 even after the market had crashed bigtime. They were buying all the way to the bottom. And then at the bottom in March 2009 they liquidated all Longs and went short. You will have a blast. Enjoy see detailed chart for one such oldtimer who is still here today. ........ https://www.elitetrader.com/et/threads/brand-name-american-companies-getting-crushed.129593/
Fibo, you're an amiable chap, but you are a DOW, EW, FIB cultist. Forget about following gurus. Just follow your own nose, atm, no bear! When bear does arrive then shoot, but you are wasting ammo right now firing at shadows.
The problem I find with most bears, is they are blindly charging into the hunters who comes into the woods with loaded rifles. The key is to pick off the occasional huntsmen who left his gun in the campground, to take a piss down the stream.
fibo, I've seen you thread. Just my two cents, a lot of people are doubting the capital you claim to be trading and not so much your call (even if it went the other way). I give everyone the benefit of the doubt. Maybe starting a new thread and posting your trades would clear your name? Just a kind suggestion.