Dear AMD, No need to delete my post … just few questions
Everybody knows that you developed your own trading system based on maths and your own market observations. You talked about it on TT board few years ago, you showed its real time signals in April/May of 2009 and once in 2008 too, it was really impressive, performed great on long and short side day after day. You no need to prove to anybody that you are a great trader, your system proved that already.
Why all this bearish talk all the time? If SPX goes to 1150 from here or to 1250 or what ever it is, your system will guide you there and you are going to mint money. I am sure you must have made loads of money last year, you don't just sit on bearish positions for months sticking to your bearish prediction while the market moves against you. back in 2008 you posted in real time, many times, how you got out of your positions and reversed almost for every 50 point move.
What happened to that AMD? If your prediction doesn't come true it doesn't matter, you will make money, your system is there. But its sad to see a few newbies getting hurt following predictions of a great trader when that great trader himself doesnt care about predictions but watches the market 24x7x52,
Btw, I am not MLMT (you must know it from my IP), I have seen you on TT board for many years, I know how good you are. We want that old AMD back, the one that caught fast moves both ways.
What do you think of Atilla? I was short from Nov 07 to Mar 09, expect for a a couple short periods, but turned long late Mar 09 to Jan 10. What amazed me was that Atilla posted doom and gloom from April 09 to Dec 09, then he disappeared. Then showed up again with doom and gloom in late Feb, then disappeared and now he back again, doom and gloom once again.
I am very short now and I hope he is right this time, like he was back in 08 and early 09.
Please let me add. this is hypothetical but no one has mentioned this yet. We had a BAD employment figure last friday. Now if retail sales and UMICH sentiment is very bad then MAYBE the bears are correct. You got to look at the fundimentals. These are the triggers on the technical stage.
If retail sales is REALLY bad +.2 expected and it comes out -.5 AND U Mich. cons. confid. comes out 4 pts lower or so then expected then maybe the S&P can crash tomorrow. But Don't expect such rarities. It will probably come out sort of bad so the S&P only makes a huge drop ?20pt to support around 1064 and then rallies.
If retail sales is REALLY bad +.2 expected and it comes out -.5 AND U Mich. cons. confid. comes out 4 pts lower or so then expected then maybe the S&P can crash tomorrow. But Don't expect such rarities. It will probably come out sort of bad so the S&P only makes a huge drop ?20pt to support around 1064 and then rallies.
Bens – go back and look at what happened between sept 18 and oct 27th 2008. Volatile swings daily but ultimately much lower. You have to expect that. that's why leverage is so difficult. Switch your puts for ones further out but stay away from calls.
That's exactly why I technicals don't always work, or if they do… I'm missing the part of the puzzle that makes them always accurate. The move today should have been a gap down, at least as well as I could read the charts.
But, they gapped it up to squeeze out all the bears. They did a great job of it too, as I'm sure a whole of them bailed out.
Now, everyone is expecting the 1100 level, then 1120, and finally 1150 to form that right shoulder. I think those people will be fool too, just like I was today.
By the way, where is Earl of? Did he get leave like SC because of my crazy posts about the Illuminati, Aliens, and other conspiricy theory posts?
I hope not, as I know other read his daily reports on TZA and TNA.
I was totally stunned by the open and relentless push up. I'm sure that the point was to have a squeeze and then a drop, but at what levels? Likewise, I do think that this move is a fake move, but that doesn't mean it will turn around in a timely manner.
another writes in Atilla's favor
Dear AMD, No need to delete my post … just few questions
Everybody knows that you developed your own trading system based on maths and your own market observations. You talked about it on TT board few years ago, you showed its real time signals in April/May of 2009 and once in 2008 too, it was really impressive, performed great on long and short side day after day. You no need to prove to anybody that you are a great trader, your system proved that already.
Why all this bearish talk all the time? If SPX goes to 1150 from here or to 1250 or what ever it is, your system will guide you there and you are going to mint money. I am sure you must have made loads of money last year, you don't just sit on bearish positions for months sticking to your bearish prediction while the market moves against you. back in 2008 you posted in real time, many times, how you got out of your positions and reversed almost for every 50 point move.
What happened to that AMD? If your prediction doesn't come true it doesn't matter, you will make money, your system is there. But its sad to see a few newbies getting hurt following predictions of a great trader when that great trader himself doesnt care about predictions but watches the market 24x7x52,
Btw, I am not MLMT (you must know it from my IP), I have seen you on TT board for many years, I know how good you are. We want that old AMD back, the one that caught fast moves both ways.
One person writes on X-trends about Atilla
What do you think of Atilla? I was short from Nov 07 to Mar 09, expect for a a couple short periods, but turned long late Mar 09 to Jan 10. What amazed me was that Atilla posted doom and gloom from April 09 to Dec 09, then he disappeared. Then showed up again with doom and gloom in late Feb, then disappeared and now he back again, doom and gloom once again.
I am very short now and I hope he is right this time, like he was back in 08 and early 09.
Please let me add. this is hypothetical but no one has mentioned this yet. We had a BAD employment figure last friday. Now if retail sales and UMICH sentiment is very bad then MAYBE the bears are correct. You got to look at the fundimentals. These are the triggers on the technical stage.
A Really big IF for friday
If retail sales is REALLY bad +.2 expected and it comes out -.5 AND U Mich. cons. confid. comes out 4 pts lower or so then expected then maybe the S&P can crash tomorrow. But Don't expect such rarities. It will probably come out sort of bad so the S&P only makes a huge drop ?20pt to support around 1064 and then rallies.
A Really big IF
If retail sales is REALLY bad +.2 expected and it comes out -.5 AND U Mich. cons. confid. comes out 4 pts lower or so then expected then maybe the S&P can crash tomorrow. But Don't expect such rarities. It will probably come out sort of bad so the S&P only makes a huge drop ?20pt to support around 1064 and then rallies.
Bens – go back and look at what happened between sept 18 and oct 27th 2008. Volatile swings daily but ultimately much lower. You have to expect that. that's why leverage is so difficult. Switch your puts for ones further out but stay away from calls.
I don't blame him for that…
I wish I would have skipped this week too, as it would have saved me a lot of money, and pain.
Haven't heard from Earl this week. Perhaps he's avoiding trading this nonsense.
That's exactly why I technicals don't always work, or if they do… I'm missing the part of the puzzle that makes them always accurate. The move today should have been a gap down, at least as well as I could read the charts.
But, they gapped it up to squeeze out all the bears. They did a great job of it too, as I'm sure a whole of them bailed out.
Now, everyone is expecting the 1100 level, then 1120, and finally 1150 to form that right shoulder. I think those people will be fool too, just like I was today.
By the way, where is Earl of? Did he get leave like SC because of my crazy posts about the Illuminati, Aliens, and other conspiricy theory posts?
I hope not, as I know other read his daily reports on TZA and TNA.
I was totally stunned by the open and relentless push up. I'm sure that the point was to have a squeeze and then a drop, but at what levels? Likewise, I do think that this move is a fake move, but that doesn't mean it will turn around in a timely manner.