36 replies to this topic

[mogreen]

I've seen Me Dev on the wrong side of lots of trades.
Well a few anyway.
Yet in a day or two he pops up and reports closing out with a profit.
Yin Yangs of steel?
You go Mr. Dev.

Have a nice "dependence day."

Two great-ones havin a littol bit of a tiffffff!
By the by...Breifing.com and CNBS and many others are talkin the death cross on the SPX with the 50 goin below the 200day. That will happen on Tuesday. I'll be long by Tues mid day or Wednesday if Tuesday is down. These guys are very late to this game and will be WRONG. We almost always rally when these signals are given. (90% chance)
Below SPX 1000 would be great but 1020-1006 range is also a buyin area. Nasi is in my buyin zone -764 to -900.
Chris Carolyn has July 12th as his low turn date...and others have some time next week with the Moon Phase.
Dev has it right and we'll have a 300 point mirror advance byTuesday- Thurday of next week.

Oh...Am thinking of changing my name to TraderSafely.....But not in this market! However, if this is a full fledge attack on 950-920(10% chance) then this will be a great area to buy for summer rally.

[zoropb]

Z you are a true gentleman, and it is my pleasure to play pacman with you here. In honor of your kind words, think I'll post a few live trades in the next couple weeks-been trading so fast it's been hard to do lately. But, LOVING this quick water, To be honest, I've always been a ton better at shorting than going long. (I've got the need for SPEED, LOL).

Spooky it is traders like you that have made me better buddy and I thank you. Listen I know how it is as others do to post the lightening during the heat of the battle your going to miss some trades and though it would rock no need to bud. The bigger entry and exit are fine. You have proven time and again you can trade like a money making machine.

Spooky the short side pays you off so much faster when the setups are there. I love that too. The long side is more like one of those 1-2 step dances that takes for ever to end.

[Rogerdodger]

"Two great-ones havin a littol bit of a tiffffff!" If you are referring to me having a bit of a tifffff with Mr. Dev, then I guess I was a bit vague. Mr. Dev trades with his indicators I believe and sometimes price takes a while to catch up with them. Also he trades in a fund which only allows 2 times a day trades, so he's got to make a decision based on what he foresees. It's something that I hate doing. I went long too early Thursday and was able to exit with only a .20 loss but then re-enter much lower. I could not have done that in a twice a day type fund. Likewise I exited near the open Friday expecting some selling but knowing that I could re-enter easily and quickly if desired. Mr. Dev doesn't have that luxury in his fund. PS: I don't know about a gap up Tuesday but Trader's Almanac does have Wednesday and Thursday marked with bulls. July is the best performing month of the 3rd quarter for the S&P and DOW and early in the month is the best part (most bullish part). So for a guy who has made a killing on the downside, and who has to take longer term bets, I'd say odds favor his position seasonally. And so far the TT poll does too. However, I see some things I don't like in this dangerous market, so I'm quick to sell.

Edited by Rogerdodger, 03 July 2010 - 10:59 AM.

[laza]

Also he trades in a fund which only allows 2 times a day trades

Anyone know why Mr. Dev limits himself that way? What not just use intraday ETFs?

[CLK]

Also he trades in a fund which only allows 2 times a day trades

Anyone know why Mr. Dev limits himself that way? What not just use intraday ETFs?

Zero commissions.

[mogreen]

"Two great-ones havin a littol bit of a tiffffff!"

If you are referring to me having a bit of a tifffff with Mr. Dev, then I guess I was a bit vague.
Mr. Dev trades with his indicators I believe and sometimes price takes a while to catch up with them.
Also he trades in a fund which only allows 2 times a day trades, so he's got to make a decision based on what he foresees.
It's something that I hate doing.
I went long too early Thursday and was able to exit with only a .20 loss but then re-enter much lower.
I could not have done that in a twice a day type fund.
Likewise I exited near the open Friday expecting some selling but knowing that I could re-enter easily and quickly if desired.
Mr. Dev doesn't have that luxury in his fund.

PS: I don't know about a gap up Tuesday but Trader's Almanac does have Wednesday and Thursday marked with bulls.
July is the best performing month of the 3rd quarter for the S&P and DOW and early in the month is the best part (most bullish part).
So for a guy who has made a killing on the downside, and who has to take longer term bets, I'd say odds favor his position seasonally.
And so far the TT poll does too.
However, I see some things I don't like in this dangerous market, so I'm quick to sell.

Roger..."Two great ones" I was refering to Z and Dev. But i remember Jackie Gleason as the great one
Use'd guys are all wonderful contributors...no harm or foul as you are all gentleman who provide enormous relevent information that helps me in my trading.

Let's honor the 4th of July and be positive about our Great country....
Best to everyone here. Mo(TraderSafely)

[Lee48]

I almost forgot to mention on one of Spooky's very very very rare wrong calls.

One more thing...My blog site... is to give back in my way what you guys have given to me and so I do not forget stuff.

I do not have any intention to ever charge for my 2 cents. I get paid in good Karma and frankly I make more in a few days than I could ever collect with a very successful site. (No offense to my buds that have one) if any of you ever feel you want to contribute anything give it to Mark's site here he, his wife and the staff sure puts up with enough crap from us. They deserve it.

I'd say you're a good man and a good trader zoropb. Forget Dev....