Steve Jobs born, 2/24/1955….2+2+4+1+9+5+5 = 28
Apple established, 4/1/1976…4+1+1+9+7+6 = 28
Apple incorporated, 1/3/1977..1+3+1+9+7+7 = 28
Died on 10/5/2011 = 28
I don’t think anyone was able to see how much manipulation was going to be done to the market over the last 2-3 years, so getting all the calls correct is impossible. I’ve taken my share of beatings to, and many others have as well.
So don’t get me wrong, I understand completely. I also respect Atilla and his calls, but I have to trade my own way and time frame. To me, it’s not who gets them all right, but who can adapt and change in time to make a profit (or at least minimize the loss).
I’m always open to hear what he’s thinking and forecasting, but unless his best friend is Lloyd Blankfien or Jamie Dillion, I won’t just blindly follow. I have too make my own decision… even if they turn out to be mistakes. Needless to say, I still believe we will go up into this coming opx… and then crash.
He simply didn’t adjust his methods for outside intervention. There are things the work and other things that don’t work when Madman Ben is pumping the market. I learned that the hard way also.
Atilla can still be correct that the market is going to collapse, as I also believe. But, his time frame and trading style is much different then mine or others on this blog. I trade options, and try to exit with 2-5 days. Others trade futures, stocks, or etf’s that they can day trade (if needed?) or hold for several days if the market is trending.
On the hand, Atilla trades intermediate trends with futures (I believe?) and has the staying power to ride out the ups and downs… where as I don’t. Time is my enemy, and I must look for short term moves that last 2-5 days (or more). That’s what I focus on trying to figure out with this blog.
However, I also look at the bigger picture, and try to chart it as well. While Atilla has certainly be correct in the past, I have also seen the market go up above his targets by 20-50 spx points… which would kill my position. He can still ride that out, but I can’t.
Also, let us remember the time when Atilla posted a chart with the market hitting the long term rising trendline (from 1929 I believe) and him getting upset when the market sold off some (but didn’t really crash), and then reversed back up over the following weeks (to months) to make a higher high and retest that trendline. He wasn’t too happy with that, but I’m sure he adjusted his position to turn it into a winning one.
However, others who stayed bearish might not have been so lucky? The lesson learned here is that while someone else is a great trader and market predictor, that doesn’t mean you can make money from following them. Each person much focus on what time frame they trade, and try to find like minded traders that also are on the same time frame.
Then just roll the dice and hope the stock market casino dealer didn’t give you loaded one…
i know a few people that signed signed up for atillas high priced service and
blew out their accounts quickly. he has been good though about direction for
longer term but that doesnt mean you can day trade off it. 2009 wasnt pretty
I am neither a bear nor a bull. I take what the market will give me, at any point in time. The very best traders, are the ones who are neither bulls nor bears. I have enormous respect for Atilla. But yet,I have more respect for my self by not giving my power a way to NO ONE.
For now I will play both sides. If and when the crash comes, I will be on board. Until than, I will keep on stealing from the rich (big boys) and giving to the poor. LOL
Steve Jobs born, 2/24/1955….2+2+4+1+9+5+5 = 28
Apple established, 4/1/1976…4+1+1+9+7+6 = 28
Apple incorporated, 1/3/1977..1+3+1+9+7+7 = 28
Died on 10/5/2011 = 28
http://www.businessinsider.com/the-real-reasons-for-last-weeks-rally-emerge-2011-10
Dexia’s funeral to be announced on Sunday:
http://www.zerohedge.com/news/dexias-funeral-will-be-announced-sunday-weakest-link-slovenia-prepares-bury-euro
Could this be the reason for the recent PUMP? I guess we’ll find out……
It wouldn’t surprise me in the least to see nosebleed levels either.
I don’t think anyone was able to see how much manipulation was going to be done to the market over the last 2-3 years, so getting all the calls correct is impossible. I’ve taken my share of beatings to, and many others have as well.
So don’t get me wrong, I understand completely. I also respect Atilla and his calls, but I have to trade my own way and time frame. To me, it’s not who gets them all right, but who can adapt and change in time to make a profit (or at least minimize the loss).
I’m always open to hear what he’s thinking and forecasting, but unless his best friend is Lloyd Blankfien or Jamie Dillion, I won’t just blindly follow. I have too make my own decision… even if they turn out to be mistakes. Needless to say, I still believe we will go up into this coming opx… and then crash.
This is a pretty cool map of Legatus, you can imagine George Bush eating Domino’s pizza. Just keep clicking.
http://www.muckety.com/Legatus/5015049.muckety?big=true
He simply didn’t adjust his methods for outside intervention. There are things the work and other things that don’t work when Madman Ben is pumping the market. I learned that the hard way also.
Gang,
Atilla can still be correct that the market is going to collapse, as I also believe. But, his time frame and trading style is much different then mine or others on this blog. I trade options, and try to exit with 2-5 days. Others trade futures, stocks, or etf’s that they can day trade (if needed?) or hold for several days if the market is trending.
On the hand, Atilla trades intermediate trends with futures (I believe?) and has the staying power to ride out the ups and downs… where as I don’t. Time is my enemy, and I must look for short term moves that last 2-5 days (or more). That’s what I focus on trying to figure out with this blog.
However, I also look at the bigger picture, and try to chart it as well. While Atilla has certainly be correct in the past, I have also seen the market go up above his targets by 20-50 spx points… which would kill my position. He can still ride that out, but I can’t.
Also, let us remember the time when Atilla posted a chart with the market hitting the long term rising trendline (from 1929 I believe) and him getting upset when the market sold off some (but didn’t really crash), and then reversed back up over the following weeks (to months) to make a higher high and retest that trendline. He wasn’t too happy with that, but I’m sure he adjusted his position to turn it into a winning one.
However, others who stayed bearish might not have been so lucky? The lesson learned here is that while someone else is a great trader and market predictor, that doesn’t mean you can make money from following them. Each person much focus on what time frame they trade, and try to find like minded traders that also are on the same time frame.
Then just roll the dice and hope the stock market casino dealer didn’t give you loaded one…
i know a few people that signed signed up for atillas high priced service and
blew out their accounts quickly. he has been good though about direction for
longer term but that doesnt mean you can day trade off it. 2009 wasnt pretty
I am neither a bear nor a bull. I take what the market will give me, at any point in time. The very best traders, are the ones who are neither bulls nor bears. I have enormous respect for Atilla. But yet,I have more respect for my self by not giving my power a way to NO ONE.
For now I will play both sides. If and when the crash comes, I will be on board. Until than, I will keep on stealing from the rich (big boys) and giving to the poor. LOL
All the best