Wavetimer - You got the hot hand baby!

Any news on the cycle up?

Hot hand? He is short all the grains, big gains again today in roaring bull markets, he is short gold and silver - all nicely higher in roaring bull markets again today, and long Q calls which got killed today. I really don't care, and rarely post anymore. However, he is an elliott wave proponent, he does not post charts with his counts so he cannot be questioned by Teadparty or Nav or Fib, and I do not see where he states stops. Anyone on this board who took his above positions with him in real time, and without stated stops, is losing money big time just like he spposedly is. This needs to be said, because he is getting some pats on the back for a lower stock market call. He is new on this board and thus far has not proven anything. Some new traders may make the serious mistake of thinking his publicity is a reflection of trading profitably. There is NOTHING more dangerous than an elliott waver who will not put his counts up for other long time wavers to look at and comment on. If he wants respect, let him earn it with real time exact entries posted along with real time stop losses.

GREAT POST NORTON! RIGHT ON.

Norton, it does not matter who you follow for trade advice trying to make money off of someone elses system is like trying to wear someone elses shoes. Generally they do not fit. Following someone elses system without any testing, that would be truly speculative trading which in it self is pretty risky especially in this very volatile environment. How could you be confident in following a system that is not tested? If your not confident how can you be disciplined? As far as commodity plays what is wrong with trying to pick tops and playing reversals. Gold and Oil do look extended and I am sure he is not the only one shorting them. As far as stops everyone has different amounts of capital, time frames and risk tolerances so what does that make a diff one should stay with stops that they are comfortable with no matter who they are following. The guy freekn nailed 1388 +/- 2 and he even nailed the time window within a few hrs depending on what time zone you are in. I actually would not have believed had I not read his posts.