The biggest mistake of traders and investors is not being able to wait patiently. The factors are all there for a big downturn (not a "minor correction") and this thread is just 1 calendar week old which is nothing. I bet if I said on October 4th 2007 the market would crash then you would be typing out this same diatribe trying to give me "pointers". The retracement move ended in April and we have been downtrending since. There are trillions of dollars invested in the members of the $BKX and BAC is leading the way down. If BAC goes below 10, then the slide will happen very quickly. We are now on the 20th day of October. The top of the market was put in on the 18th....
Just logged in. It looks like CAT is taking it on the chin, BAC about to collapse and the RUT is firmly in the red. Where is that S2007 guy who said that certainly CAT would hit a homerun. Yeah right, down 2%.
You are busting someone else's balls? <object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/ueywqUBW3oM?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/ueywqUBW3oM?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>
This place is useless. I post a serious thread it gets put to chit-chat...I post a humorous thread and it seems to stick to the top. This place is a joke much like Cramer and CNBC. Just for kicks.
Why are you still bitching, RDT? We've already been through this. You, yourself, said ET is nothing but pure entertainment. Why are you still complaining about your 'serious' thread being moved? http://www.elitetrader.com/vb/showthread.php?threadid=208847 "I do not take internet message boards seriously or personally. I know some people make their living from here finding clients or getting people to subscribe to their site, but I sure dont make one dime off this board. This place, for me, is pure entertainment. I dont take one bit of it seriously."
This is what I got for now. I still maintain we are turning a corner. Despite super bullish conference calls, the breakout didnt last for long. This wont be just a "minor correction". The top is being hammered out.
You are in your own world. You go ahead and think whatever you like. I take this board as seriously as I do a casino. Some of you on the otherhand think your lives somehow revolve around this board where you will find fortune or fame or money for that new "fund" you plan on starting. Im here to tell you that aint so. This place is as serious as a casino and can be just as expensive. I know you wont take my word for it though and continue on with your insane delusions. If I say something on here then you can take me as seriously as if we were at a poker table.
Oh really.....then why the need to start this thread in feedback? http://www.elitetrader.com/vb/showthread.php?threadid=208847 See, this is your problem RDT....you want to pretend like you don't take things seriously here but then YOU want to be taken seriously when it suits your cause. Ok, enough hijacking of this thread...later
rtd, very sad! <object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/pB_1t-Vn6Vs?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/pB_1t-Vn6Vs?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>
Here is what I have for the RUT. The RUT is looking a bit sick and notice how the 5 and 10 day moving averages are getting closer together. When those two have crossed in the past price fell out and CNBC was just as bullish each time when the price fell out...so were some of you guys on here. Im not fooled though... Uploaded with ImageShack.us