For wave aficionados, do this: Monthly Apple chart, count the waves. 5 are complete (one subdivided = normal operation). Fibo resistance hit and Fired. Boom! Adios Apple.
Easy to understand why. For example if you told them to just put a 15 x 30 ema on all their charts on all timeframes, they would not. Why. Because then they would get rich but that would be too painful and utterly gross for them. Misery loves company so they stay poor. What if you showed them how they could become Warren Buffet without applying Buffet’s Law but instead applying only a simple fibo_trader’s utterly basic system ... change the 30 ema close to Low in uptrends and High in downtrends, then ride your investment on MONTHLY only and blow Buffet out the door by never getting cott in drawdowns of significance. See Dow Jones monthly one entry in 2009 still Long. Now that.s the way to play this game, baby See Herd brain fog
well , if you win a dollar or two once in a while than indeed it's understandable..try winning billions.. Simons does, he doesn't seem tired )
Oh ok, yes you did. In his defense, I think he said "his people" made that decision. But still.... his name was on it. Clubber and Mick know wtf is going on, these guys were probably in this game whilst you were in grade school. Not chastising you, but be careful of blindly casting too many stones at folks you don't know... sure sign of... and again I mean no disrespect and I'm sure it doesn't apply.... but its a sure sign of someone who "thinks" they are smarter than everyone else. They're not. The smartest guy in the room is usually the most quiet when it comes to the stuff that really matters.
Tell you what I think fibo... The majority on ET at the moment are bearish, not bullish. The majority on ET are quietly agreeing with your call but are just keeping quiet. I'm not hearing many who are bullish, only one or two. The media is bearish, so in actual fact imo you are with the herd. The current last several weeks of bullish sentiment is weakening greatly, not that it was really bullish in the first place, I'm guessing most of retail traders have been on the sidelines and missed the move. So what has been the driver???..... Healthcare, Nasdaq, the mighty Dow stocks, some metals, Telecoms, Energy Whats been overlooked???... Banks, Lithium, Dr. Copper, Gold (a type defensive) Notice what's overlooked, Banks, Dr. Copper, these are the bread and butter staples bellwethers which usually indicate strength of market. Lithium should have rocketed but hasn't. Now notice one more thing, the latter aforementioned are just now picking up their boots. The consensus of opinion is the last few weeks being a dead cat bounce with a major recession looming directly ahead. Most investors are skitterish to the extreme and are very hesitant to commit. Your claims of a type mass bullish hysteria are ungrounded imo, it's not the case, yes you are with the mob thinking we have hit top. Over and out on rant, your turn again
Don't know why you keep calling me out in post after post, when just one concise post will do. All I was getting at, was buy the dip on Boeing. The stock has dropped as dramatically as it did because of this shock event of the 737 MAX stuff. It too shall pass. Boeing has way too much entrenchment in the world to be the next GE. That is my feel of it. Will it be a parabolic recovery in a relatively short amount of time? Probably not. Will it recover? Yes. Just like Johnson&Johnson did after the Tylenol scare of the early 1980s. They did their due diligence, and they rewarded their believers heartily. Their stock is a little bit higher now than it was in the early 1980s. I am sure Boeing will pull the same recovery as well. Just give it time.
From little I have seen of you here, here is my educated guess. You voted and/support Trump and like him. So, casting stones. ...... analogy. ..... Donald hits back hard but rarely if ever hits first. fibo_trader is the same. You hit me, I hit you harder. Now go back to my thread and see WHO drew 1st blood w.r.t. Clubber Lang, Mickey and I. There you have it.
That was a bad play. Never inject politics into your argument about trading, unless it is in the politics section. You are casting aspersions on someone you don't know based upon what you *THINK* they are on about, by reading into their previous typings. That is bad juju.
The quietest guy in the room is both terrified and/or dead. For our purposes the only thing that matters is TRADING’s absolute profits, win/loss ratio, drawdowns nicely dodged, etc. But KING is Net Profit. The other stuff good guy bad guy is unimportant.