tag:blogger.com,1999:blog-12333088.post5981450956696230317..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on October 12, 2012Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-12333088.post-64699805562887919602012-10-14T20:35:33.009-04:002012-10-14T20:35:33.009-04:00Good work Carl. Your forecast have an uncanny accu...Good work Carl. Your forecast have an uncanny accuracy. I look forward to your comments everyday.<br />Jackhttps://www.blogger.com/profile/12075050552730418921noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-52928714788690644152012-10-13T18:05:14.508-04:002012-10-13T18:05:14.508-04:00Sentiment is mixed.
I would rather call it pretty ...Sentiment is mixed.<br />I would rather call it pretty NEGATIVE ,only fear is from expected statement from Draghi soon as few reliable sources from Europa.<br />My concern now is on breaking trading range S+P500 1430-1470,extremely cautious trading unless support levels are held.johnhttps://www.blogger.com/profile/11664737972532818108noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-7648448126573039132012-10-12T18:01:40.832-04:002012-10-12T18:01:40.832-04:00It seems like Draghi wants to make a
big statemen...It seems like Draghi wants to make a <br />big statement to the market!! Seriously!<br />I feel Draghi will say something sweet to the market once more and there again > the Jul 26 <br />“bumblebee” speech like EVENT !<br />Keep learning silently from Carl !<br />Thanks and a great weekend to all!johnhttps://www.blogger.com/profile/11664737972532818108noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-42491632101824295652012-10-12T14:44:05.118-04:002012-10-12T14:44:05.118-04:00The worst thing a trader can do is get married to ...The worst thing a trader can do is get married to a position or married to an expectation for a market. As Carl said, when conditions change, he changes his views accordingly. It's called reading the market, letting the market tell you where it's going, instead of you trying to tell it where to go.<br /><br />Great weekend to all!pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-38951234882754795632012-10-12T13:32:42.966-04:002012-10-12T13:32:42.966-04:00For whatever it is worth, the market should be reb...For whatever it is worth, the market should be rebounding strongly one more time at least. <br /><br />This "predication" is without any cost to you or any guarantees, so take it or leave it.<br /><br />Always blame no one but yourself if you lose money but if you follow my "advice" and make money, send a check to your favorite charity.<br /><br />The stick market has taught me to snub my ego. What a priceless lesson!<br /><br />Good luck to all!<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-20139808233558182452012-10-12T13:23:21.547-04:002012-10-12T13:23:21.547-04:00People who want "sure bets" should stay ...People who want "sure bets" should stay away from the casino. Wall Street is even worse than a regular casino. It is a den of thieves, i.e. the market manipulators. Most people who bet here lose money. Only a few people like Carl, with the proper mindset and training can snatch it from the the thieves. Performance is all that counts and I have rarely seen anyone as sharing and consistent as Carl. However, if someone lacks comprehension, it is not fare to blame it on what Carl "said".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-78205857773667570832012-10-12T13:17:28.044-04:002012-10-12T13:17:28.044-04:00Hi Carl
I admire your bullish outlook as well
as y...Hi Carl<br />I admire your bullish outlook as well<br />as your ability to change your view based on the data presented in front of you as it changes .<br />if the dow comes down and tests the 200 day moving average near 13000<br />i will have to call it point 24 <br />that said i still believe we are in a bearish cycle that runs into the elections .also i will note this <br />and its my own thoughts here based on what i have been testing . using a simple up 1 ofr an up day and down 1 for a down day the market has been putting in lower highs and lower lows since mid march ,hence the bias in terms of time says the market has been declining for the past 7 months <br />yes i know that price rules yet the mindset has been bearish for months .lastly short term my indicators are becoming oversold <br />which is fine if we are in a bull market yet in a bear market those indicators should become extremely oversold .<br />for the poster above .<br />you should really read the broad picture Carl paints from time to time and not just quote the latest post . an example , where i live the news was it was to rain today <br />and as i look out the window i see sunshine , should i blame the weather man ? the data changes and as we attempt to forecast what we think might happen we still need to see the signals that we are correct or not in our assessment before we can conclude we are correct and the market is always correct our job is then to make the assessment then risk our money and then have the market prove that assessment correct. if the market proves us wrong we must accept that and move forward <br />Carl changing his mind is a good thing as it shows he has the ability to accept there is an error in his analysis yet if you were to read his longer term posts and just move the cursor down the page a small amount you will see the risks pointed out . trading from my point of view is all about asking yourself what if im wrong and if i am wrong what would the market do . then if i see those signs i do not like i change my mind also . <br />nuff said and sorry for the rant Carl<br />JoeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-75471475656341206812012-10-12T11:41:48.894-04:002012-10-12T11:41:48.894-04:00confidence has nothing to do with it. I try to ass...confidence has nothing to do with it. I try to assess the significance of the market's action and associated factors and change my views accordingly. When the facts change I change my mind - what do you do, sir?Carl Futiahttps://www.blogger.com/profile/01624989905417650273noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-43236584638775695112012-10-12T09:25:43.704-04:002012-10-12T09:25:43.704-04:00Wait a minute: Regarding the ES for weeks you hav...Wait a minute: Regarding the ES for weeks you have said, "the market is now on its way above <br />1468. The ES is headed much higher over the next few months.<br /><br />Then Wednesday you updated and said, "The market should again hold support in the 1420-25 range and then start a move up to above 1468. The ES is headed much higher over the next few months." <br /><br />Now today you update to say, "The market should again hold support in the 1420-25 range and then start a move up to above 1468. The ES is in a danger zone. Should support in the 1420-25 range fail a substantial decline will probably begin.<br /><br />I like words like "will" vs. "should". I can tell when your confidence is starting to wain as you put in hedge terms like "should" instead of "will".Anonymoushttps://www.blogger.com/profile/12969008395260249411noreply@blogger.com