lol .. this one's cool ... I did a search on "Boney M" lyrics ... and I got this one ... reminded me of that anticipated "GAP" .. i bet it's a BREAKAWAY gap ..... Breakaway Papa said don't go to discos Mama said don't play with boys Sister said stop all romancing Brother said stop all your noise Breakaway ha, ha breakaway Breakaway ha, ha breakaway Papa said ain't working harder Better stay and work through the night Come over here and sit in my lap now You might get a rise if you do what is right Breakaway ha, ha breakaway Breakaway ha, ha breakaway Got to tear off your chains Pull up your roots Pack up your money And put on back your boots and breakaway Breakaway ha, ha breakaway Breakaway ha, ha breakaway Stand up boy, down at the disco Say I like you, will you dance on with me Say I love you, you're the girl I've been wanting Maybe some day you can marry me Breakaway ha, ha breakaway Breakaway ha, ha breakaway Got to tear off your chains...
Bulls, GREEN LIGHT ! ... Euro up 92 Swiss Franc up 71 British Pound up 114 Japanese Yen up 50 long Bond up 1.25 ... to name only a few at 7:25 am CET regards wild
What's with the taunting? Granted Lundy could have chosen a less provocative title for the thread, none of you should ridicule another trader for making an error. If anything is to be learned here, it's that trading is a personal journey. The opinions of others on what the market will do or won't do, means very little. Locking yourself into a view of what must happen because of certain indicators, over what is actually happening is very dangerous. Unforeseen events could change the indicators in an instant. Anyone could have have made an argument that the market was oversold/in the bottoming phase/due for a rise; daily charts on indices, dx, bonds, are hitting hitting extreme RSI levels. And for every argument, there will be a counter argument. That's how a market is made. The one thing you don't do is laugh when someone is wrong and loses publicly. So what? You'd be wise to tone down the arrogance chisox. Don't put Lundy/dotslash down just to feel temporarily vindicated. Your comeuppance could be lurking around the next corner.
spectre, agreed. We are, as candle used to repeatedly state, brethren. Lets not forget that. btw where is that guy?
spectre, no sorry ... I DISAGREE ... I have already made the point that any title other than "The Trend is Up" could have been much better ... even "This is the bottom" would have been OK with me ... go read earlier posts please ... THIS IS NOT THE ISSUE ... The issue is : 1) Lundy is the one who started ridiculing all the ones who disagreed with him 2) Lundy said he is 100% sure that his bottom call is correct, and refused to accept any other argument ... 100% huh ??? 3) Lundy does NOT realize he's made a bad call since long long ago ... 4) Lundy keeps changing his call on DAILY basis .. the bottom was on June 20 (+ or - one day) ... then it's June 24 ... then it's gonna gap tomorrow ... up OR down .. but no matter the directionof the Gap .. the market will still go up .. what's that ???? 5) Lundy says he easily makes 10000000000% return on his trades (stocks & options) .... What kind of bull$hit is that ? I guess NO ONE CARES whether the market actually bottoms here or not right now... We just wanted to send him a wake-up call .... before he eats all our money since it seems he's the only one making money in the market .... Good Trading !
I guess if you followed the "real bottom" prediction starting this thread you'll see today as an incredible buying opportunity! We haven't even had another attack yet from Osandwhich-pin-headin's Al-Getcha which we keep hearing is imminent. What direction do you think we are heading for again? A short-term uptrend will be 1 to 2 days at best I think. God help the longs.
just remember talk is cheap. calling bottoms is a fool's game. a trend is a trend until it reverses (and the down trend NEVER reversed since january-for the intermediate, and NEVER reversed since the start of the bear). NOTHING suggested last week was even a temporary bottom. and now that we are crashing, we'll hear AGAIN all the biased traders calling a bottom then (you know after the climax selling, that's it ! we're there !). Forget about chasing bottoms. maybe it is, maybe not. You know a bottom only AFTER the fact. Once you finally understand this truth of the market can you move forward. by the way I was so short you would not believe it. Even this week end, even monday. the trend is the trend. Counter trends are vicious and it is tempting to try to catch them. So I am aware that trying to catch bottom does reward you from time to time. But trading is about PROBABILITIES not certainty. In a down trend the probability is that the trend will continue. Get this or get killed. tntneo