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"Did I Stutter?"


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#1 OEXCHAOS

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Posted 21 November 2017 - 11:18 AM

I didn't mince words. And it wasn't just bluster. WE (meaning this community) are good at picking tops and bottoms. There's virtually ZERO chance of a worthwhile top  being in place if this crew isn't heavily short.

 

Remember this?

http://www.traders-t...-top-is-not-in/

 

BTW, there's almost zero chance of a top today, too.

 

Mark


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#2 salam

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Posted 21 November 2017 - 11:31 AM

I concur!


I'm not sure what my future holds... But I know who holds it.

#3 opinionated

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Posted 21 November 2017 - 05:07 PM

I'm not sure about a top, or "The" top...

 

But I do think we are coming into a very risky few weeks.

 

Best



#4 OEXCHAOS

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Posted 21 November 2017 - 07:09 PM

I'm just going with the very discrete message we've gotten from Message Board Sentiment. It's rare that you find something that gives you near certainty about ANYTHING in the stock market.

 

Mark


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#5 gm_general

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Posted 24 November 2017 - 11:00 AM

To repeat the comments from the previous major top, and there were more like this (no names of course):

 

Posted 11 October 2007 - 08:37 AM
Just day trades. For the track record at timer digest, still long from about the same time as you. Now is NOT the time to position for an IT sell off. I really want to stress that.

Posted 11 October 2007 - 01:33 AM
What's not to like. Market makes new highs just about every day, pullbacks limited to a fraction of a percent, buy long and count your profits. What is that old Chinese curse? "may you live in interesting times"

Posted 10 October 2007 - 03:25 PM
Market keeps going up, which makes bulls happy, and bears got the pull back they have been waiting for a while (SPX had an 8 point sell off and NDX 5 point sell off). Now we should proceed higher with no more pull backs. Bulls will continue to make money and bears will continue to wait for another one for a week or two. Then they will get another 8 points and 5 points.

Posted 10 October 2007 - 04:43 PM
i showed the same kinda chart in the 80s at dow 1600....lookin for 4k.....everybody laft......

Posted 10 October 2007 - 05:21 PM
Sell-off here will break momentum. Momentum is incredible so far. Can't slow down now.
This thing is on the move.

This is an incredibly strong market.

If anything the setups on many individual charts are ready to rev upwards.

Techs still strong.

Wall of worry is as thick as ever.

Posted 10 October 2007 - 02:49 PM
I wish I could buy more, but I am already long 200%. Oh well, can't win all the time.

Posted 10 October 2007 - 05:47 PM
it would be nice to get the vix to 14 before we start our sell off at the end of oct

Things that will not happen in 2007: a market decline in Nov



#6 OEXCHAOS

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Posted 27 November 2017 - 08:06 AM

I'm wrong all the time. That's what stops are for.

 

Any decent trend follower is going to be wrong at a top. Do you know who makes more money, trend followers or top pickers?

 

That said, and this is what my point is, there have been many, many worthwhile tops and bottoms over the past 16 years. I think I can count on one hand the times that the market topped without this board being heavily short or bottomed without this board being heavily long.


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#7 OEXCHAOS

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Posted 27 November 2017 - 08:10 AM

Again. Virtually ZERO chance of a top of importance today. Yes, there's some over-done sentiment. Yes, we could use a pullback. If you get one, the odds say you ought to buy it. Tomorrow, we'll look at the data again.

 

Mark


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