mkt waz worried 'bout infla...now data suggests everythin' fine...resumin' violent incest once again' yesssss
Yesterdays drop is just a memory. Massive rally coming as crude breaks 70 and there is no inflation. YaaaaHOOOOOO
They say a picture is worth a thousand. http://finance.yahoo.com/q/bc?s=^GSPC&t=1d&l=on&z=m&q=l&c= Well this one was worth about 28. Remember shorts, there are 2 rules in trading. Never short a T day. And never bet against the best ES trader here when he calls a short term bottom 5 times in a row correctly.
you seem to be pretty hated around here. you do seem cocky, and like you're setting up for a fall, but i agree that last week was profit-taking. we are going higher, just wait until oil starts dropping.(yes, it will. the saudies don't want it this high - it will cause us dumb americans to spend more $$$ toward energy technology to replace oil - so they will increase production to bring the price down.) 1400 is my year-end target. good luck all. -kk (mess with the bull, u get the horns!)
Just a quick point here. The last call (4th?) has not had time to mature--it has been neither right or wrong yet. Making a 5th call was premature at this juncture. (Bears have not pushed SP below 1290 and held there--it has been below 1290 to be sure-- and Bulls have not pushed to 1330).
How many of these calls are correct if you use a stop? I remember a few times when you might have been correct but were a few days early and would have been stopped out. Or perhaps you don't use stops?
You whipped my sorry ass today real good. The only suspicion I have is the 10 point spread between cash and futures (which came down to 5 last day). There are 6 weeks until Sep06 starts trading, that's about 6.5 weeks time. This would suggest ten 10 point down days (i.e. about 2 a week). Equating to about 50 points i.e. target around 1260.
Remember who told you the reason for the selling too. Hated around here ? "the envious only hate the excellence they can not reach"
Volente show us your blotter real time as these trades are happening. We dropped 30 pts the last week before rising today and i'm sure you were stopped out 30 times. Hey why not show us your complete trade log for today so we can match up all your trades? If you're the best show us maybe we can learn from you