If someone gets 35k views being wrong between 20-94 points on their calls, I ought to get at least another 250k only being wrong by .97. what's the matter ? Not enough alias's to get your threads to 6 figures ?
Sir, you are on record with two horrific calls. Just because you say the "bottom is here" every 30 minutes does not negate all the puncture wounds and blood stains from those sharp knives you failed to catch.
1) Jack, you forgot to say good day. 2) Volente and company just successfully held off a major test of his bottom. Perhaps, he is right
"Perhaps he is right". I am sorry to inform you but the ES March contract traded approximately 4 handles below yesterday's low. In a game of leverage and precision, he is nowhere near correct with his prediction. Of course, he can always proclaim today is yet another low, but then again this becomes a game of the "boy who cried wolf".
Also if this year american stocks can gain something, this will be probably true after may, not before. Note that the core of the day (half an hour after start, half an hour before end) is relatively calm for SP
perhaps volare is going for the "apex capital" record of most consecutive threads that immediately blow up in his face.
i think predicting or calling any market is a mugs game, and only a 2 bob mug would try it. if you are going to trade direction, i think you had better do so off of what the market is doing at the moment, and take your money pdq. most of the real big money are using market neutral strategies such as pairs/spreads, conversions, arbs etc. im not saying that there isnt any big money to be made trading directionally, or that some big money is not doing so - because i know for a fact some are (nothing new there!). just that those who are, are responding to CONDITIONS NOT OPINION. i.e. im short because the market is falling. i dont know or care where the bottom will come because when it does, i will be out anyway. what are your thoughts?
At the risk of getting flamed by the Birds, having an opinion about where the market will go more than a few bars on a chart, is not wise. This thread is a very good example of where it will get you. While I am cheering Volente, I am secretly going with the trend of the moment. I got stopped out and then re-entered in the same direction later (down). A much easier approach for me.
i don't know where this thread has gotten you, but so far it has gotten me +26 points on the S&P index, plus huge gains on the Feb 1300 calls i sold at the start of this month, plus all the short trades I made @ 1281.