If the stalking trolls actually learnt how to trade they may be less angry with the markets and looking for a scapegoat. SP500 Weekly - Jan 20 Important information regarding pathological stalker 'Nine_Ender' http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767 http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449
The whole reason people are angry with you is b/c you are calling tops. Nobody likes a top caller on ET as most of us are daytraders. We don't care which way the market moves as long as it moves. We don't predict we react. Therefore, as you try to predict more and more tops and bottoms that nobody cares about, you get more people pissed !
Well said. Very true, we dont predict we react. Situations can change quick and afterwards it always looks easy. But it isnt.
I see a bent-over, distorted head-and-shoulders pattern forming......"Quasimodo"-like. With the Baltic Dry Index indicating weak shipping and then couple that with the big debt payment due by Greece in March, this could be quite a set-up for the downside.
In all likelihood, the only one who is angry in here is you, and perhaps bwoliknsky. The rest of us are like "WTF"
I'm seeing something similar in my long term analysis. Prechter Jr. may be seeing it too, but his calls would actually have credibility if he posted his entry, stop and position size like a real trader. He does appear to be a good contrary indicator, however.
There is no question that bears could continue to get slammed as all major monetary "authorities" around the world continue to liquify their weak economies. Even Greece may pull off a miracle in March. However, this cannot last IMHO. We are good till June at the most....maybe.
SP500 daily chart rising wedge remains valid. Also see Wile E. Coyote chart posted at blog Jan 20. Very overextended SP500 daily chart breaks down further, warning of sell off. [Euro/ECB announcements being an unknown variable of course] I expect Gold and Silver to follow equities as usual. CYBER-STALKER WARNING http://www.elitetrader.com/vb/showthread.php?s=&threadid=235594