Hey Red, what up my friend? I know, we've only exchanged a few thoughts, and I'm already calling you my friend. LOL. I've been out of pocket for the last few weeks, as I've been in Vegas on business (no gambling for me, I do enough of it in the markets!). I haven't had time to follow the markets closely, but still profited from the slide, which was great. I'm still short, and hope to close my position soon. though futures are looking positive right now. oh well. actually, the reason i'm writing this note is because a week or two ago, I remember reading (quickly) where you apologized to those who were upset at you for calling market crash. I know you felt bad about how a few actually put lock, stock and barrell on your words. well, first off, I think you do an exceptional job giving market summaries. EXCELLENT! with this being said, no one is perfect, and no one can call the market tops or bottoms to a 't.' and if they do, they're lucky. As for those who banked money on your words, well, as soon as they saw it wasn't working out in their favor they should have bailed, not blame you for their error. I know you felt bad, but you are here to simply give market commentary and analysis; and offer your opinion on which way the market will go based on your TA and other experience. However, at the end of the day, we as traders and investors have to live and die by our decisions. We can't blame others for our losses. If we do, then I suggest those in the blame game should find something else to do besides investing, because they will get chewed up and spit out every damn time. Red, continue your great work my friend. And let the markets tank on Tues. 🙂 Take care sir.
Hey Red, what up my friend? I know, we've only exchanged a few thoughts, and I'm already calling you my friend. LOL. I've been out of pocket for the last few weeks, as I've been in Vegas on business (no gambling for me, I do enough of it in the markets!). I haven't had time to follow the markets closely, but still profited from the slide, which was great. I'm still short, and hope to close my position soon. though futures are looking positive right now. oh well. actually, the reason i'm writing this note is because a week or two ago, I remember reading (quickly) where you apologized to those who were upset at you for calling market crash. I know you felt bad about how a few actually put lock, stock and barrell on your words. well, first off, I think you do an exceptional job giving market summaries. EXCELLENT! with this being said, no one is perfect, and no one can call the market tops or bottoms to a 't.' and if they do, they're lucky. As for those who banked money on your words, well, as soon as they saw it wasn't working out in their favor they should have bailed, not blame you for their error. I know you felt bad, but you are here to simply give market commentary and analysis; and offer your opinion on which way the market will go based on your TA and other experience. However, at the end of the day, we as traders and investors have to live and die by our decisions. We can't blame others for our losses. If we do, then I suggest those in the blame game should find something else to do besides investing, because they will get chewed up and spit out every damn time. Red, continue your great work my friend. And let the markets tank on Tues. 🙂 Take care sir.
It's likely to surprise everyone, as the market is prone to do that. Everywhere I looked, it seemed that everyone was expecting 1120 on the falling channel scenario, or 1140 on the inverse head and shoulders. I guess we'll see on Tuesday which one plays out….
Good thoughts. Indeed the market bias is for an up week to 1125 – 1135. However, my thoughts are like yours-namely the market is there to surprise; especially after reading this:
Hey Red, what up my friend? I know, we've only exchanged a few thoughts, and I'm already calling you my friend. LOL. I've been out of pocket for the last few weeks, as I've been in Vegas on business (no gambling for me, I do enough of it in the markets!). I haven't had time to follow the markets closely, but still profited from the slide, which was great. I'm still short, and hope to close my position soon. though futures are looking positive right now. oh well.
actually, the reason i'm writing this note is because a week or two ago, I remember reading (quickly) where you apologized to those who were upset at you for calling market crash. I know you felt bad about how a few actually put lock, stock and barrell on your words. well, first off, I think you do an exceptional job giving market summaries. EXCELLENT! with this being said, no one is perfect, and no one can call the market tops or bottoms to a 't.' and if they do, they're lucky. As for those who banked money on your words, well, as soon as they saw it wasn't working out in their favor they should have bailed, not blame you for their error. I know you felt bad, but you are here to simply give market commentary and analysis; and offer your opinion on which way the market will go based on your TA and other experience.
However, at the end of the day, we as traders and investors have to live and die by our decisions. We can't blame others for our losses. If we do, then I suggest those in the blame game should find something else to do besides investing, because they will get chewed up and spit out every damn time. Red, continue your great work my friend. And let the markets tank on Tues. 🙂 Take care sir.
Hey Red, what up my friend? I know, we've only exchanged a few thoughts, and I'm already calling you my friend. LOL. I've been out of pocket for the last few weeks, as I've been in Vegas on business (no gambling for me, I do enough of it in the markets!). I haven't had time to follow the markets closely, but still profited from the slide, which was great. I'm still short, and hope to close my position soon. though futures are looking positive right now. oh well.
actually, the reason i'm writing this note is because a week or two ago, I remember reading (quickly) where you apologized to those who were upset at you for calling market crash. I know you felt bad about how a few actually put lock, stock and barrell on your words. well, first off, I think you do an exceptional job giving market summaries. EXCELLENT! with this being said, no one is perfect, and no one can call the market tops or bottoms to a 't.' and if they do, they're lucky. As for those who banked money on your words, well, as soon as they saw it wasn't working out in their favor they should have bailed, not blame you for their error. I know you felt bad, but you are here to simply give market commentary and analysis; and offer your opinion on which way the market will go based on your TA and other experience.
However, at the end of the day, we as traders and investors have to live and die by our decisions. We can't blame others for our losses. If we do, then I suggest those in the blame game should find something else to do besides investing, because they will get chewed up and spit out every damn time. Red, continue your great work my friend. And let the markets tank on Tues. 🙂 Take care sir.
Redster! nice lonnnnnnnnnnnnnnnnnnnnnnnnnng post LOL
same page and looks like a gap up tomorrow the EUR needs to work off a bit of oversold condtions
http://hotoptionbabe.com/blog/11-another-week-w…
Since i am trying to post forex us and indian markets i am not able to give prompt reply to anyone.
San,
You sure do cover every chart. Keep up the good work, and try to join in on the conversation sometime, if you have the time.
Thanks
I read that weekly preview too Phoevos…
It's likely to surprise everyone, as the market is prone to do that. Everywhere I looked, it seemed that everyone was expecting 1120 on the falling channel scenario, or 1140 on the inverse head and shoulders. I guess we'll see on Tuesday which one plays out….
US DOLLAR Index will face resistance
http://niftychartsandpatterns.blogspot.com/2010…
Thank you
Good thoughts. Indeed the market bias is for an up week to 1125 – 1135. However, my thoughts are like yours-namely the market is there to surprise; especially after reading this:
http://www.mmacycles.com/weekly-preview/mma-com…
DOW JONES Like technical analysis for last week
http://niftychartsandpatterns.blogspot.com/2010…
Thank you
ORACLE CORP weekly and hourly view
http://niftychartsandpatterns.blogspot.com/2010…