Riiiiight....the market DIDN'T GAP HIGHER the following day after he went long, THAT didn't happen right. LOL, the fucking chart shows that happened, blindy Honestly, you don't care for an explanation, you already had your mind made up about it all. This speaks volumes for what probably goes on in your head when you trade (I am right dammit, I will ignore what the market is saying!!). This is probably also why you've spent 4 years under the "Trader666" handle for the sole purpose of fighting with and about Jack. There is no reason for me to even look at the links you provided because if you are too thick headed to see and try and understand the NTES trade, then there is no point in continueing this because you cleary don't understand enough about how the market operates for us to be able to have an intellectual conversation. You are just a very lost little boy....errrr....I mean girl?
When will you ever learn to use the search function of this site? This was posted on 09-11-03 after market: http://www.elitetrader.com/vb/showthread.php?s=&postid=329032#post329032 This was posted on 09-17-03 during market hours: http://www.elitetrader.com/vb/showthread.php?s=&postid=331915#post331915 Clear enough for you. Enjoy.
Now, that that should give you pause. Pay special attention to the words "Trend will start here" with green arrow pointing to an empty spot on 09-11-03. Now, pay even greater attention to the same spot 6 days later. I'd hope that should be clear enough. I don't expect thank you for the 10 min I wasted searching for those posts. It's on me. This was posted on 09-11-03 after market: http://www.elitetrader.com/vb/showthread.php?s=&postid=329032#post329032 This was posted on 09-17-03 during market hours: http://www.elitetrader.com/vb/showthread.php?s=&postid=331915#post331915
OH YEAH because you KNEW the future and just KNEW that the fraction of a point wouldn't lead to multiple points right?? That crystal ball of yours told you so right?? You didn't just happen to look back AFTER the fact to see what happened to make your little peanut gallery comments eh? Get real, you're all arrogance and ignorance. You're sitting too high up on your pedestal to actually rationally look at a situation and see what actually happenend. Let me break it down for you one last time on this trade: He went long.....the market closed for the day.....the next day the stock gapped UP to the previous days high.
LOL you paper trading twit. I sure as hell am not going to go looking for a post that jack hershey made over five years ago under yet another alias of yet another diagram. But hey, I'll give'em the benefit of the doubt ... 1 correct trade out of what, 10, 15? Pretty good stats there, pretty good stats. P.S. Bwhahahaah it's really too, too funny. But I do respect your due diligence in going back that far to find one of Jack's successful trades. One correct trade in the past five years ... you just made my point for me.
Thank you for the kind words. Yes, you demonstrated that quite clearly. Beyond any doubt. Thank you kindly for acknowledging that the market communicates 6 days in advance the location of the turn as well as the pace of the trend to those who can read the charts. Actually, it is you who made my point for me.
Nope. But if a stock has been falling for 3 weeks I'm not going to buy it thinking it's going to reverse because I deem an FTT to have taken place. That's crazy. And that "gap UP" you keep talking about was only a fraction of a point. Get real.
Yes, that's why they've had one documented successful trade in the past five years and about twenty documented failed trades ... because they can read charts so well. That also explains why you're still spanking the paper monkey.
LOL, you really don't "get it". YOU DON'T KNOW that the gap up won't lead to higher and higher prices beforehand. YOU MUST ALREADY BE IN THE TRADE to experience the gap up overnight. The rules of trading are such. Wouldn't it be nice to SEE what happens first BEFOREHAND and then get to get in at the price it was at the previous day?? Too bad it DOESNT work that way. Don't act like you knew the gap up wouldn't lead to higher prices, you dont have a crystal ball so stop acting like you do. Do I really have to mention AGAIN that the chart YOU posted ad nauseum has that particular stock in a larger UPTREND. That trend hasn't ended yet as a matter of fact creates an outside bar on increased volume. Look at that bar, lower lows and higher highs than the previous day on increasing volume and closing ABOVE the previous days high. Use your brain and try and dissect what all that means. I will help you, we have price attemtping to break out of the uptrend but reversing sharply and not only going higher but continueing above and beyond the boundaries of the previous days range and CLOSING HIGHER. The bar shows people leaning short and getting squeezed and also people getting long realizing that the overall trend has not ended yet. http://www.elitetrader.com/vb/attachment.php?s=&postid=2048456 Seriously, are you new at all this? Cause you don't seem to have a clue how things work. I'm sorry this is the case for you but if you aren't willing to understand the dynamics at play, then you're on your own squirt.