Again, the Fibonacci magnet is a little over a week away. The correct week for the bottom is not here yet, and there are many repeat Fibo-based clusters on a daily basis on an exact day within the correct week. That's where this is headed.
Hi Carl, long time reader of your blog. Just to comment on your recent trade. I think it’s a fool’s game to pick a bottom from a bear market. Throughout my time I have never have come across a trader who has correctly predicted a bottom. It’s like a Venus fly trap. It looks tempting, but once you’re in, there’s no way getting out. But kudos for knowing when to pull out, and that what makes a good trader, knowing when to cut their losses.
Carl: Still think you are really wrong on your recession, "not" prediction. Nice trade today and I hope you nailed the bottom. Appreciate you putting yourself out there with your predictions.
9 comments:
Thanks, Carl! Much appreciated. I just bought GOOG August 590s, and am long FXI and AAPL from a couple days.
Thank you for the SPX 1220 target. If SPX drops below 1220, I'm all out also. But I really don't think we'll hit it.
Again, the Fibonacci magnet is a little over a week away. The correct week for the bottom is not here yet, and there are many repeat Fibo-based clusters on a daily basis on an exact day within the correct week. That's where this is headed.
Hi Carl, long time reader of your blog. Just to comment on your recent trade. I think it’s a fool’s game to pick a bottom from a bear market. Throughout my time I have never have come across a trader who has correctly predicted a bottom. It’s like a Venus fly trap. It looks tempting, but once you’re in, there’s no way getting out. But kudos for knowing when to pull out, and that what makes a good trader, knowing when to cut their losses.
Carl,
You have been wrong from last week saying we will hold the lows and now you are just a little late to the party!
I enjoy your blogs, but you have been wrong too many times, so know its just for entertainment purposes and a few good laughs...
I just laugh at how you keep saying S&P to 1500 and 1650...
!0:38 am comment was written when the cash S&P was 1228
Carl,
I think we are in a bear market, but you may be right in the short term.
I am impressed with your conviction but not as ready to bet on a bounce from here.
Nothing personal, but I hope you are wrong and we get a better bottom next week.
either way love your blog
I think we end down on the day at least 300 pts. I also think we eventually see at least 10700.. kind regards, Janet
nice trade! thanks again for sharing your views.
Carl: Still think you are really wrong on your recession, "not" prediction. Nice trade today and I hope you nailed the bottom. Appreciate you putting yourself out there with your predictions.
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