Considering the fact he wasn't looking for bounces and the market went straight DOWN.
I'd be listening very carefully now if he says he expects sharp bounces...
That simple.
So, he's changed his analysis overnight?
Should we all start looking for "very sharp" bounces now?
Sharp downtrends have sharp bounces. Thats a fact of life. If you ever traded a real downtrend you should be aware of that. And each of those bounces look like a start of a new bull market.
Like the ones we had before the elections where we had 2 wonder bounces in a row. Both failed miserably and fast. I don't remember you selling those bounces, I remember you turned them into IT uptrend. Thats when I started picking on you.
As Semi said.. ODDS of trading with the trend are much higher then trading against it.
My opinion is and remains that we are in a downtrend, and if you want to make real money you should be trading it like its a downtrend, and not pick up pennies in front of a steamroller. And you've correctly picked the top and then started picking up pennies, and what is even worse went completely against it. And I called you on that.
Now, please stop trashing Semi's thread.