a three wave move from June 4th high 1X1 at 18.50 ES fwiw
OEX...just bottomed the 4th
Started by
eminimee
, Jun 06 2007 08:57 AM
14 replies to this topic
#11
eminimee
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I don't care who's fur is flying...
Posted 06 June 2007 - 10:01 AM
#12
BigBadBear
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Posted 06 June 2007 - 10:05 AM
remember we are also fearless forecasters.
and its not often that I give a forecast.
Fearless forecasting often does not require a chart.
We should see 1499 2day
#13
airedale88
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Posted 06 June 2007 - 11:10 AM
no bottom in sight imo. Get ready for 1499SPX........TODAY
Where is your TA? xD said this and Aire said that, if that's your trading, listening to your gurus only will eventually get your head handed to you. He lost (almost) HIS ENTIRE gains in futures (leveraged positions as far as I can remember) during the March decline for being stubborn, I've seen Airedale also doing similar mistakes wiping his months of gains too. They are both very good traders and I am not saying the current analysis is necessarily wrong, but I am just saying: make sure to do your own due diligence!
hey kisa, i did have one serious drawdown mid may to mid june 06, but that was it and was erased quickly. i'd prefer not seeing my name or work in association with the so called "guru" in your post.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#14
arbman
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Posted 06 June 2007 - 11:33 AM
hey kisa, i did have one serious drawdown mid may to mid june 06, but that was it and was erased quickly. i'd prefer not seeing my name or work in association with the so called "guru" in your post.
duly noted
Good luck!
#15
thespookyone
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Posted 06 June 2007 - 02:02 PM
I have noticed a lot of Yahooesque posts of late, bereft of technical analysis, and hardly helpful. Then, when a chart or other analysis gets posted, it seems like the same crowd wants to argue about it. Its somewhat inhibiting. (Ask Semi, for instance)
If one is coming on a TA board, seems like one ought to show up with some TA.
Although I see your point, selecto, TA is not a "hard art", but a picture that we all look at differently. The danger is in getting rigid with one set of oscilators, or theories, imho. The other day, when you and I talked about BB's, my view was trading above the upper was bearish, your comment was that the Q's were "walking the bands" and "a snort". My puts (that I held) on the Q's almost doubled today-and I sold. So what was the correct TA? We SHOULD argue about TA-as we all differ as we view and apply it. What I see more often than not here, is people applying TA on the basis that they are SURE they are correct-which speaks to me. There have been many fundamental events over the years that turn TA to toast, from going into a holiday Friday- to the twin towers and for myself, a big picture view encompasing more than just TA, works fine.
