I forgot.. did nenner say bottom this week?

He's never wrong, but I could be So which was it?

He's never wrong, but I could be

So which was it?

Don't know but Nenner had a very bad 2008.

He forecast the year as sideways with about 5 moves up and down of about 15%.

I saw a post from a guy who claims he subscribes to Nenner's updates. He claims Nenner closed out his long position at 848 after entering at 850. Don't be surprised if he comes back on CNBC in a few months and claims he was told all his subscribers to get out.

He's never wrong, but I could be

So which was it?

Low was suppose to be this past week then up to around 1000 by March 9th. He did buy around 852 - 853 and was stopped out @ 850 this week. Not defending him but I believe he doesn't count this type of trade a real loss because of the very tight stop.

At this point he has been correct, market did make a lower low this week, now we will see if we go up to 1000.

I have a friend who made $80k 2 weeks ago going long OEX options, got out and bought again in the 810 area for another run. He has a tight, profitable stop now, on that position. He has made a ton of money the past 14 months using his info to get a handle on the market. I personally am at break even over the last 14 months but have only made a very few trades because of a illness in the family. I do feel that I'm getting a better read on his info and I'm looking forward to start more trading soon.

FYI, over all he is expecting a very hard down turn after the 1000 number is reached.

JDJ

When you take someone else's advice about how to bet your money.. And you still lose.. You still have no one but yourself to blame. The market doesn't provide refunds But the Fed may bail you out

When you take someone else's advice about how to bet your money..

And you still lose..

You still have no one but yourself to blame.

The market doesn't provide refunds

But the Fed may bail you out

I use his advice as a guide only.

Doing fine thank you, no need for any bail out.