He has been right many times, but unfortunately Mr Art Cashin political inclinations and the fact Mr Obama is the first of his kind to hold the presidential office. Made him believe in the tooth fairy. It was Mr Art Cashin that started the Obama Rally rumor and almost every professional followed his advice. From January onwards every guy that came to CNBC kept repeating the same mantra.
There are none at this point......no real support at the close today! :eek: Every newly created delta NET Long Holders zone was defeated today, and there was no significant levels of resting LONG inventory at the close. This is what I call "suspended in animation" support!
Thanks for the kind words. My 2 best calls ever on ET are as follows: 1) I called the 2007 S&P top AHEAD of time: http://www.elitetrader.com/vb/showthread.php?threadid=94442&perpage=6&pagenumber=4 I am ghostzapper in this thread. If you read the thread you will understand my mindset, and the mindset that enabled me to ride the S&P down to 700 today. 2) I started a thread in September 2008, with the S&P @ 1250, asking whether the S&P would hit 1000 or 1500 first. I emphatically stated in my 1st post on the thread that it would hit 1000 first, and ALOT sooner than people think. I was proven correct in only 1 month! Unfortunately, the thread was deleted, don't ask me why. Yes, I watch WWE wrestling, and enjoy playing the villain on ET. But if you were smart enough to follow my aliases and the calls that went with them, you know that my record of making great calls is outstanding. These type of calls are part of my overall strategy that has enabled me to have 15 consecutive double digit profitable years in the stock market (audited). I have also been fortunate enough to have made over +100% in the last year alone. The S&P will see 500 in 2009.
I hope not, for everybody's sake, but we're in uncharted territory now. Anything could happen. Good trading to you.
Thanks amigo! If there are any wwe fans out there--here's a new rowshan prediction: 1 of my favorite villains chris jericho has been beating up on the older hall of fame wrestlers. Tonight, i expect him to come out and rant (he's great at it), but this time, he'll be greeted by a hall of famer who can actually fight back..stone cold steve austin. And boom, you have a nice wrestlemania match..jericho vs. austin. No, I have no affiliation with the wwe, and this is a pure guess..a guess from a guy who is pretty good at figuring these things out.
OK, I guess I should stick with market predictions. Still think stone cold will pop up to represent the "old-timers" vs. jericho, we'll see.