Projected targets updated on new baby bull

I had given 1680 for SPX at the bottom. Based on the recent data, I now expect all major indices (SPX NYSE DOW Wilshire5000) except Nasdaq to achieve new all time highs before the elections. Proxy here is SPX and 1680 still is the number.

A new high with the housing in the slump....Lower earnings....Recession.....High oil and gold prices.....Banks tightening the lending standards.....You are right TA rocks....aHa

A new high with the housing in the slump....Lower earnings....Recession.....High oil and gold prices.....Banks tightening the lending standards.....You are right TA rocks....aHa

You forgot ongoing war, increasing unemployment, decreasing margin requirements and stagflation which makes them a whole

Cut those estimates by half and I am with you... (edit: so instead of 25% rise from the current price, something like 10-15%)

Edited by arbman, 27 March 2008 - 10:51 AM.

Cut those estimates by half and I am with you...

(edit: so instead of 25% rise from the current price, something like 10-15%)

You were bearish at the bottom with +95% of this board. I bet my dogs nut that you will be bullish at the top !

What worries me is how in the world you turn bullish this soon, we didnt even past through recognition phase? Am I being too vocal ?

Edited by A-ha, 27 March 2008 - 11:01 AM.

Atilla, If you are right about the bull run the same way you were right about the bear market from September 06, then we probably have another year of a bear market and then new highs in 09. I am neutral right now. I do have to say, i did learn a lot from you and your site. So For that, thanks but it was a painful experience.

Cut those estimates by half and I am with you...

(edit: so instead of 25% rise from the current price, something like 10-15%)

You were bearish at the bottom with +95% of this board. I bet my dogs nut that you will be bullish at the top !

What worries me is how in the world you turn bullish this soon, we didnt even past through recognition phase? Am I being too vocal ?

Here are my posts. Do these read like bearish posts to you?

http://www.traders-t...?...st&p=358630
http://www.traders-t...?...st&p=362015
http://www.traders-t...?...st&p=357886

BTW, the above are the public posts, I did call for a large sell off and a bottom 2 days prior to the BSC induced decline through private messages. I was buying on that Monday, but I hoped for a retest, it didn't happen as low as I hoped either. Perhaps somebody can speak up for me...

I try to avoid taking 50 point drawdowns like you did both in January and March lows and btw, if you were hedged, it doesn't count as a fully long. I did hope for a more panic bottom in March similar to January, it didn't happen, but so your channel lines did not hold the lows. We trade differently, I trade with cycles, they go up and down and I trade in and out often, you trade with channels and straight lines and prefer to sit on the IT position firmly with your beliefs, no problem, but do not distort the reality about my position at the lows. I am not here to satisfy my ego like you, but rather discuss my ideas.

My forecast here is we will most likely see the high 1300s before we see much lower for the short term (1-2 wks). No one can tell for sure whether the 1400 resistance will be broken at this time, I predict it will take one more trip south unless the breadth stays firm all the way up...

I gave a break to my trading to respond to you, I hope you would appreciate this. The initial seed investor to Okumus Funds is seeing the value in what I am doing with my small fund. I do not need to prove you whether I am bullish or bearish on a public board, to let you know. But whatever you say, you do not need to insult. This is a small circle of people, Atilla.

Good luck.

Here I also found this...

http://www.traders-t...?...st&p=359648

So, I did expect a deeper wash out, but not bearish...

Atilla,

If you are right about the bull run the same way you were right about the bear market from September 06, then we probably have another year of a bear market and then new highs in 09. I am neutral right now. I do have to say, i did learn a lot from you and your site. So For that, thanks but it was a painful experience.

I called for a top in late 2006. Market crashed on Feb 27. The top i called was at 1430. Feb 27 top was 1455. that was the right shoulder of that gigantic H&S top. not only you but millions know this.

Feb 27 2007 was the beginning of this bear market, not January 2008 !

so next time before you spread your filth here, consider that you put yourself in a ridiculous position because most of the people hanging around here have some memory and brain.

btw, how did you handle that NYX trade you gave me a while ago... that shows you may want to study little harder to consider yourself in a graduate class

hey cirrus, i am being harsh on suckers here... any comments ?

Edited by A-ha, 27 March 2008 - 02:17 PM.

Atilla, You have to stop given yourself so much praise. Anyone that went to your site knows that you made so many mistakes that it hurts. Shorting oih at 140, cover at 166. Shorting qqqq at 41. Then covering at $47. And you did not become bullish after the February crash and held your shorts until S&P 1550. I do not want to argue with you but you made lots of mistakes. Probably why you shut down the website. You got too many bashers. I am not here to bash you. You gave your opionion. It was wrong many times but no one had to listen. It was all good. Yes I sold My nyx at 64.5 yesterday. Thanks for asking. I doubled up at 59 if you have to know. Good trade all around. Covered my qcom at $38 too. Told you that was going down. $4 on that one too. Anyway, Good luck to you. I just don't like it when people hype themselves and others get hurt from it . BTW, I could go on and on on all the bad trades you had but I think I would run out of room.