Where I Think We Are Now...
#1
Posted 26 January 2007 - 11:04 AM
#2
Posted 26 January 2007 - 12:03 PM
Mark S Young
Wall Street Sentiment
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#3
Posted 26 January 2007 - 12:24 PM
#4
Posted 26 January 2007 - 12:59 PM
#5
Posted 26 January 2007 - 01:21 PM
Edited by hiker, 26 January 2007 - 01:24 PM.
#6
Posted 26 January 2007 - 01:22 PM
[quote name='dcengr' post='268276' date='Jan 26 2007, 11:07 AM'] [quote name='fib_1618' post='268272' date='Jan 26 2007, 09:58 AM']
[quote]
Putting this portion of the chat into better context, these specific statements referred to the fact that the ratio adjusted NYSE advance/decline line closed above the highs that have stood for close to a half a century, and so being, constitute a third wave under strict Elliott Wave guidelines.
As far as "throwing in the towel" is concerned, the market has this remarkable capability of methodically changing the minds of those who have been on the wrong side of things in ways that do create this same colorful metaphor. Some have recently done so in the last 6 months, but the great majority won't until the market wants them to....either because of personal bias or ego that blinds this same crowd from acknowledging what has already been a foregone conclusion. It just all depends on which emotion is the greater of the two, and when finally succumbed to, is usually near the top of this same third wave structure of one degree or the other.
Back to lurker mode.
Fib
[/quote]
The last quote is not in context of all of his trades, especially since last summer when he called the low and went long. You may want to see where and when he exited those.
Might add, I entered some longs wrongly recently, but once there is confirmation of an IT change, so will my trading bias.
[/quote]
I'm not knocking his ability to trade. I think most people here are good traders and profitable. Everyone has their methods, no method is 100% fool proof. Fib is probably one of the better traders on this board.
What I stated is:
1. He went long 2 days ago at top tick.
2. He firmly believes in his analysis that we are in primary wave 3.
That is all. Any interpretation that I believe Fib should be faded is not true. I do believe he's an excellent moneyflow analyst, and if the market goes down, I think many would appreciate some analysis where money flow failed. If it goes up, I think many would also appreciate why it worked.
The actions of last 2 days does not have any bearings to longer IT trend at the moment.
#7
Posted 26 January 2007 - 01:24 PM
#8
Posted 26 January 2007 - 01:46 PM
Mark S Young
Wall Street Sentiment
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#9
Posted 26 January 2007 - 02:24 PM
Fib_1618 is one of the top notch analysts when it comes to IT and LT timeframes. I have seen him wrong many times when it comes to ST, but has been consistently right on the IT timeframes. I would unequivocally say he is one of the best around in that timeframe. Making fun of him only goes to show that you are a newbie to TA.
You also called my methods mumbo jumbo in one of Greenie's posts below. What is mumbo jumbo about that i post ? LOL if you think my methods are based on some oscillators crossovers and traditional momentum methods, you have ways to go. I will give you my ocillators and you make the calls.
Geez, give some credit to that airedale guy - one of the best cycles analysts on this board. You even downplayed his contributions in one of the posts below.
http://www.traders-t...showtopic=65574
http://www.traders-t...showtopic=65577
Now this is not a challenge. You seem to be so knowledgeable with all the TA methods. Give 10 signals starting from tommrow with whatever TA methodolgy or mumbo jumbo you use. If you get more than 6 signals right, i will start worshipping you. Not the hedged analysis please - just unhedged market direction/signal ! Ready ??
Edited by NAV, 26 January 2007 - 02:32 PM.
#10
Posted 26 January 2007 - 02:38 PM
dcengr,
Fib_1618 is one of the top notch analysts when it comes to IT and LT timeframes. I have seen him wrong many times when it comes to ST, but has been consistently right on the IT timeframes. I would unequivocally say he is one of the best around in that timeframe. Making fun of him only goes to show that you are a newbie to TA.
You also called my methods mumbo jumbo in one of Greenie's posts below. What is mumbo jumbo about that i post ? LOL if you think my methods are based on some oscillators crossovers and traditional momentum methods, you have ways to go. I will give you my ocillators and you make the calls.
Geez, give some credit to that airedale guy - one of the best cycles analysts on this board. You even downplayed his contributions in one of the posts below.
Now this is not a challenge. You seem to be so knowledgeable with all the TA methods. Give 10 signals starting from tommrow with whatever TA methodolgy or mumbo jumbo you use. If you get more than 6 signals right, i will start worshipping you. Not the hedged analysis please - just unhedged market direction/signal ! Ready ??
I think I made it clear that I thought Fib was a good trader.
I think I also made it clear that I think your methods, whatever they are, makes you a good trader.
And I also made it clear that I respect Airdale's methods, as he's also a good trader.
And in the event its not clear, I am bearish IT and currently have a short position. As for giving signals, sure if you want them, I will . I don't think you'll worship me if it was right or wrong, however .
FWIW, I think its more constructive that we share ideas rather than constantly tell each other "are you listening to the market?" Don't you?