You are a CLOWN on here, but very good entertainment... You have NO CLUE of what the markets are presently doing and NO CLUE of the future markets!!!
We can all do what you do, come on here and say we are heading to 1600... Every time you post that we drop another 50pts on the S&P, and then you re-evaluate the charts again... Then come on here and say 1500... DANG, S&P drops another 50pts!!!
I think if you put on your BEAR cap, then the markets will rally to new all time highs!!!
Mr Extrader Clown, Unless this is the extent of your capabilities, put yourself out there with your thoughts of the market direction. Can't do it? I see.
Dear 11:26 Anon .... I side with extrader as being bullish from 300 points ago is just ignoring the prices ... Carl is trying to catch a falling knife ... why bother ... he could have easily said to go short and made a handsome profit! But nooooo, Carl has to be a hero and be the first one on this train to 1,600!!!
Please take a look at Japan and see how "quickly" they had gone to new highs!!! 18 years and counting!
When this happens or very close, take out a 2nd mortgage, home equity line, borrow from friends and family, and BUY QLD, SSO and DDM... This will be the start of the new BULL market!
I have followed you for about 2 years and found your analysis and guesstimates to be interesting and insightful and mostly correct.
I took half of our assets out in Feb 07, right before a big correction when the mood just begin to feel too giddy and the rest out in Dec 07 when I felt it was my last opportunity to do so. It is very hard to take a position and hold it when the market moves against you but you feel that you are right. And of course its all about the timeframe you are trading/investing in.
Normally I would be looking to get back in around now but, and god help me for saying it, this time feels different. I look at the charts and the news and get no feeling of where the bottom might be. I think this may take some time to work itself out and then there will be great opportunities but you are going to have to have the cash around to take advantage.
I would say to your detractors that their vitriol does nothing to advance anybody's understanding of what the market and the economy is doing which is why I presume you read this blog in the first place. If you have arguments to make, make them.
Novice traders try to catch bottoms and while the pros wait on the side line for a confirm trend. Then there are those smart Phd types who fall pray to their egos... worse then a novice trader. :)
13 comments:
Carl:
What are the front pages of the new mags telling you?
Carl,
There's a good bit of volume down here at 1055, that may produce a mini-rally from this level.
Carl,
You are a CLOWN on here, but very good entertainment... You have NO CLUE of what the markets are presently doing and NO CLUE of the future markets!!!
We can all do what you do, come on here and say we are heading to 1600... Every time you post that we drop another 50pts on the S&P, and then you re-evaluate the charts again... Then come on here and say 1500... DANG, S&P drops another 50pts!!!
I think if you put on your BEAR cap, then the markets will rally to new all time highs!!!
GOOD LUCK GENIUS....
extrader
Carl say something!
Mr Extrader Clown,
Unless this is the extent of your capabilities,
put yourself out there with your thoughts of the market direction.
Can't do it? I see.
It doesn't take too much of an imagination to figure out why
the poster child is an ex trader.
Dear 11:26 Anon .... I side with extrader as being bullish from 300 points ago is just ignoring the prices ... Carl is trying to catch a falling knife ... why bother ... he could have easily said to go short and made a handsome profit! But nooooo, Carl has to be a hero and be the first one on this train to 1,600!!!
Please take a look at Japan and see how "quickly" they had gone to new highs!!! 18 years and counting!
Tommy-san
Here are my thoughts!
QQQQ=28-30
SPY=1000
DOW=9500
When this happens or very close, take out a 2nd mortgage, home equity line, borrow from friends and family, and BUY QLD, SSO and DDM... This will be the start of the new BULL market!
You can thank me later!!!
I have followed you for about 2 years and found your analysis and guesstimates to be interesting and insightful and mostly correct.
I took half of our assets out in Feb 07, right before a big correction when the mood just begin to feel too giddy and the rest out in Dec 07 when I felt it was my last opportunity to do so. It is very hard to take a position and hold it when the market moves against you but you feel that you are right. And of course its all about the timeframe you are trading/investing in.
Normally I would be looking to get back in around now but, and god help me for saying it, this time feels different. I look at the charts and the news and get no feeling of where the bottom might be. I think this may take some time to work itself out and then there will be great opportunities but you are going to have to have the cash around to take advantage.
I would say to your detractors that their vitriol does nothing to advance anybody's understanding of what the market and the economy is doing which is why I presume you read this blog in the first place. If you have arguments to make, make them.
thanks for blogging.
Put few more magazine covers to justify buying. Thanks. LOL
Novice traders try to catch bottoms and while the pros wait on the side line for a confirm trend. Then there are those smart Phd types who fall pray to their egos... worse then a novice trader. :)
Watch 13h40 eastern time for an upturn.
Hey all,
Just been to this site and had a trial - www.moneycycles.com. This guy has nailed the recent decline and is looking for a temporary low around 1000.
Best,
Larry
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