I didn't say that. I said that you could see if the posts were quality posts and if they addressed topics beyond the scope of the simplest kind of post and the kind which appears to be your specialty, the 'market call' post, not how many of them there were. Also, if you looked at the threads I've started, you'd see that I had already asked not about using my brokerage statements to prove something to some anonymous dude on ET, but as a sort of "resume" to help get a trading job without that specific background on my actual resume. If I want to do something like that, it shouldn't be too difficult to infer that the statements show profits. It's not as if I'm going to take brokerage statements that show losses to a firm and ask them to hire me on that basis. That said, I have zero interest in showing them to you, unless you are secretly a fund manager looking for someone with a scalable short-term ES strategy. And how am I "taking" anyone's money? I'm not a vendor, nor have I ever offered to teach anyone to trade for money. All I am saying is, to reiterate my initial post in this thread, there is no such thing as a "slow-motion crash" because downward moves are always faster than upward moves, all things being equal and, that if YOU actually were any good at calling market direction, you should have been pounding the table to buy in late November. Since moves up are easier to predict than moves down, due to the bias of the indices toward the upside, if you can't predict moves up, your chances of predicting moves down is very low, practically nil. Now, since the last two times you've shown up here talking about your crash call, the market has responded with 20-30 point gains, it's obvious that rather than talking about your crash call, you should have been saying that the market would be moving up from the levels it was at when you posted. That would have actually been useful and display some capability in forecasting an upward movement, which, in turn would give one a little bit more confidence in your crash call. Since none of that is true, it's obvious that you don't have the faintest idea what the market is going to be doing in the short-term. Then, when you do things like post about "dreaded necklines" as if anyone with more than a $2000 E-trade account cares about "necklines", it makes you look even more amateurish. Which is fine, we all start somewhere, but then you cop an attitude toward other posters who seem more informed than you, it just makes you look not only like an amateur, but like someone with a major character flaw known as "hubris". Anyway, like I said, I was only trying to warn you about being fixated on making these big market calls because it's a terrible way to trade. I guess if your goal is to attention-whore, it's great, though. I'm sure that nothing else you could possibly have written would have generated this many responses.
This is another one of those ET things where you try to make it look like you are knowledgable and are willing to "teach" so people will message you. Why not just pay Baron the sponsorship fees?
Yeah right, he's an undercover fund manager That said, I think he's right that the top is in for at least the coming 2 years. We're rangebound for that time.
Here is what you do to get a job at a fund. Start a journal of your trading activities. If its a successful journal then people will follow and listen. Eventually you will get a bunch of messages. I know a guy who started a blog and eventually got a few offers. So it all comes down to keeping a successful trading journal with before the fact calls and exact entry/exit points.
Get a grip. No one here is going to pay me what I think this approach is worth long-term, so I'm not interested in having the distraction.
Livermore said that "the first and last eighths are the most expensive". if we really are going into a 2-year ranging market (presumably, this initial leg down will go to the bottom, or near to the ultimate bottom of the range), what this thread is trying to do is catch the "first eighth". Again, to reiterate my point, that is bad trading strategy. Let the thing confirm first. By a conservative reckoning, we need to break 1330 first.
Didnt Jesse Livermore also talk about getting out of the stock which didnt make it above the last high? Forget the big caps, look at the small caps...the IWM...that is the etf of truth. It didnt make it over its last high and looks to be weakening. Tops are certainly not made overnight, but over a course or weeks or months. Its already been several weeks and we are going into May...so do we wait until after May when the market has sold off?
Patience is everything, tops take their time to form ... this may go down to 12300-12200, and test the top again. Then you have a nice top formation with some body. The bottom of the range I currently project at 10500. So a fairly narrow range.
The selloff in November was worse than what we've seen so far and it eventually resolved to the upside. As I said, I think it is premature to say anything about where this is going to resolve.