Look, I made a short call today at 12:56PM CST on the YM saying that it will touch 20911 again today before the close. I could easily be wrong. At least it is down from where I called it. It is a reasonable call. The problem I have with franT is that saying the ES will drop 15% in 6 weeks is not reasonable. It is simply stupid. Look, Surf is a longer term guy and his 1000 Point drop in the YM is absolutely possible and the options market says that it is possible also. franT's prediction is simply trolling to me. What Surf predicted is possible, the options market says around 1700 points in YM is possible up or down. But a 15% drop in 6 weeks in the ES? That is just a trolling prediction. The franT profile was made at the end of last month. It is obviously a profile built to troll. I wish the mods of this site would crack down on people who abuse multiple profiles.
"So you're saying there's a chance?" (Jim Carrey in Dumb & Dumber). If we cut franT's prediction in half from 15% to a 7.5% drop then there is a 2.41% chance of that happening in 6 weeks in the S&Ps. At least Surf stayed well within the realm of what is possible, franT is just being a troll.
In the entirety of all of volpri's 550+ posts has he ever made a single public prediction? I see plenty of critique of other people and their predictions but has he ever put himself out there? I agree, we are in a bull market and my short from 12:56PM CST in the YM was accurate to the Close. Would you care to make a public prediction yourself, forget 1000 points in the Dow. Do you think we will go Up or Down 250 points from the 3PM Close today? You can use 3PM or 3:15PM, I don't care. That is a quarter of Surf's original range. So here is your chance, up or down 250 points from 20945 in the Dow Futures? Do we hit 21195 before we hit 20695? It's obviously a bull market right? This should be an easy call for you.
How many fed hikes lead to a recession on average? Someone should research this and post the results in this thread
We go DOWN 250 points in the Dow Futures before we go 250 points UP. Deal? Let's both put ourselves out there with a public prediction. I am even willing to be a contrarian since I saw a few temporarily bearish things in last week's COT Report. Also it makes things interesting. This should be an easy win for you. Or would you rather sit back and play it safe by not saying anything prediction wise? And please speak English, the routine is not funny anymore.
I don't know if it will go up 250 points before it goes down 250 points. I just know it is, at the moment, a bull market.
SURF ALERT Entered orders to SHORT COF capital one at $81.93 per share. we don't like what we see in this one. Will publish thesis later. surf