4 replies to this topic

[A-ha]

from my experience, the next down leg will probably be like the one we saw on Feb 27, 2007 (on a different scale but very impulsive ) Therefore , once again very few will be able to take advantage of it. Remember what I told you months ago.... while I was placing my first SPoos shorts on Dec 18, I said this top would come out of nowhere, it would be sharp and powerful and only a few traders would be able to ride it to full extend. I explained the reasons (nature of terminal moves)... if you wanna review them, they are here and on my blog, all archived. When I said this, SPoos was at 1443... from that point what happened was essentially SPX moved nowhere for months but sharp upside tests and failed breakdowns scared many of you and eventually turned most of you bullish day after day. Definition of trend is not what the direction of the current tick is.... it can not be defined by indicators, no matter what type of indicator you use...from breath to momentum doesnt matter. Trend can only be seen in the history of price. The rest of the tools can only be reflection of it. Different trends live in different time frames. This one undoubtedly came from antient history (see that 30 year NYA chart i posted months ago) Paul Tudor Jones says he makes his best profits at tops and bottoms. ever wondered why? .... tops and bottoms are where the majority of traders are on the wrong side. That makes the initial move quite brutal because masses run to the exit all together ... That is why tops and bottoms are where one can make the biggest bucks.. they are often called first trust or initiation moves... and yes i made my biggest profits at tops and bottoms too....before this, it was the summer of 2006 , the big bottom... and there were many others before...i am absolutely no paul tudor but this was not my first and will not be the last ... and of course there comes a time I will be on the bull side once again ...When that time comes, I have no doubt that, the biggest bucks will be made in the first few days of the move.... somethings never change in wallstreet !

Edited by xD&Cox, 12 March 2007 - 07:55 PM.

[da_cheif]

"Paul Tudor Jones says he makes his best profits at tops and bottoms. ever wondered why".......he.s a sub

[A-ha]

"Paul Tudor Jones says he makes his best profits at tops and bottoms. ever wondered why".......he.s a sub

PTJ was in his early 30s when he nailed the crash of 87, about my current age.
You said you called 87. I believe you, you showed some papers here.
It was what made him PTJ, he traded it. It was a lifetime opportunity and undoubtedly it was the single most important market event of his life.

Therefore naturally I would expect him to follow those who could have seen it coming.
For example, after every big turn, I make a list of analysts and technicians myself , but the list changes very often.

So in short, If I see you making such call again before I die, I will be the one following every type of letter or product you provide till I die.

Edited by xD&Cox, 12 March 2007 - 08:29 PM.

[no_mind]

Different trends live in different time frames. This one undoubtedly came from antient history (see that 30 year NYA chart i posted months ago)

Bill McLaren puts out a similar theory in this week's report

[A-ha]

Like I said marginal highs on Dow, even SPX is quite possible.

But I think it would be too east to short.


What I still favor is this:

(Saturday October 28 2006) Coming tidal waves: S&P500, Dollar and Gold

Edited by xD&Cox, 13 March 2007 - 01:21 AM.