Market held 1261. Just reminding you to stay long and enjoy this huge rally.
No risk.
Denleo
UP Trend Starts today
Started by
denleo
, Aug 27 2008 09:10 AM
12 replies to this topic
#2
TradingUp
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Posted 27 August 2008 - 09:24 AM
Market held 1261. Just reminding you to stay long and enjoy this huge rally.
No risk.
Denleo
What happened to 1300 in the SPX and 740 in the RUT on August 11th?
I keep asking you to provide us with some reasoning behind your predictions but you never reply.
#3
denleo
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Posted 27 August 2008 - 09:27 AM
My reasoning is that bears are stupid. They are scared. They will lose just like they always do. When in doubt -- BUY STOCKS.
Denleo
#4
TMN
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Posted 27 August 2008 - 09:35 AM
i got the binoculars ready so i can follow this rally from a little closer 
#5
NAV
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Posted 27 August 2008 - 09:39 AM
My reasoning is that bears are stupid. They are scared. They will lose just like they always do. When in doubt -- BUY STOCKS.
Denleo
#6
zman
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Posted 27 August 2008 - 09:49 AM
bears are stupid...come on be better than that...isn't this a ta board? you never post why be long or short..its always someone is stupid..who knows you may be right..I can tell that usually 3 days before a holiday it's time to be bullish...how long that lasts well depends...but your analysis is seriously lacking...
Education is the best defense against the media.
#7
hiker
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Posted 27 August 2008 - 09:51 AM
when SPX was briefly trading above 1310 ONE day, you said there was no risk to bulls
http://stockcharts.com/h-sc/ui?s=$SPX...id=p00083012718
http://stockcharts.com/h-sc/ui?s=$SPX...id=p00083012718
#8
eminimee
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I don't care who's fur is flying...
Posted 27 August 2008 - 09:55 AM
Now that the rally has been jinxed....we may see 1260 again.. 
OEX has to hold 587 on a pull back for more up today...if that breaks...good chance we are headed down further
OEX has to hold 587 on a pull back for more up today...if that breaks...good chance we are headed down further
Edited by Teaparty, 27 August 2008 - 09:58 AM.
#9
SemiBizz
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Volume Dynamics Specialist
Posted 27 August 2008 - 09:56 AM
Market held 1261. Just reminding you to stay long and enjoy this huge rally.
No risk.
Denleo
Here's his logic, same as mine...
If they can't break that 1261 here..., Time to make some decisions...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#10
Apollo
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Posted 27 August 2008 - 10:06 AM
My reasoning is that bears are stupid. They are scared. They will lose just like they always do. When in doubt -- BUY STOCKS.
Denleo
This quote from today's http://www.quantifia...s.blogspot.com/ post.
Notable but not included in the table is that 77% of all instances closed lower at some point in the next three days. The average max drawdown for all trades over the first three days was just over 2.0%.
Yea, I guess it's pretty stupid to take a 77% chance. It's much smarter to take the 23%.
Apollo
