Well alex. I think you are right as for what you are expecting, but a bit early. Don' t worry about the critics, no one here was bearish ahead of the 2007 drop and I guess no one was bearish ahead of the falling market that started in 2000. So why would you worry now ? Don' t know if it is going to be 1929 again or what, but what I know is that I have a good LT indicator that flashed LT tops in 2000 and 2007 so that I' m not worried it doesn' t work this time too. What I can say is that we are not still there, but we are approaching such a point. When the time comes I will tell here and we will see if Hussmann is right or wrong. That said the rest of the troups here are not worried about LT tops or bottoms either, basically because they trade daily and they trade futures. What the hell might they care about if their horizon is just two or three days ? They' re just worried about another 1987 event because that would destroy also a day trader if caught on the wrong side. All the rest that is not 1987, is not worrysome for them. Take care and relax....IT and LT traders will make good money when the moment comes and definitely it's this year
You can't make money off the past market action. You can't make money on the imaginary future. Money can only be made by trading the present.
Well, since July 2016 I' m up 33% and coming July 2017 I think I will overcome 50%. All the rest is philosophy
Up 33% by being bearish or by being long ?
Edited by NAV, 01 June 2017 - 03:01 AM.
