I am a bull, but an extremely nimble trader, I trade on both sides of the market. I think within a bull trend from 600 to 1200 a retracement of 60% is perefectly in order..On one hand I will be defending ideologically the market fundamentals in face of acute attacks from the pessimists and on the other- I will be heavily buying puts on breaks of intermediate levels, my best call was break of 1498 recently I said we go to 850 but nifty did not budge instead we saw composite going under to 1320 which was equivalent of 830 on SPZ or 6700 on DOW my level I highlighted on break of 1498 and 600 on BKX, yes one problem I will only place a trade if my key levels are broken..You can see the following this is what I was doing in June-- I work with short term levels unlike others who can predict an event because it came in their dreams-- or may be God of destruction told them soo- they keep changing their script but my fundamnetal script remains the same and within that script I am able to find and look at the most critical points, I was the first and only one to write the move to 1130 back in Nov97 on 28th Oct I was highlighting the false break of 850 area when composite was struggling much lower than 1300, it is all written very simply on charts and markets, I dedicate this thread to simple people who like to get less worried when these charltans and creeps are out in unison trying to spread foolish rumors that is y goal some small little investor back in the hinter land reads my posts and decides to not to worrry that is my aim, take worries of the world on my weak shoulers, show them how wrong these guys are and show them why they still sell ice creams or humburgers, I am told privately to shut up as my bhumbo is too painful, I recently gave it to Ralph Accompora a big one also.Another awaits the sweet 'Jerry Favors'// my level like 1611 on composite remains the most critical and we had two good closes above it so far-- for me we go to 1675 80 area equvalent to 1118 -1130 area most probably we will take out 1680 and move on to 1755.. whatever that means for SPZ on the other hand I will like to see 972 as solid unbreakable support, a second close below 1610 takes me out of my longs and let my covere naked calls do the magic..I go back to my posts for academic purposes and find my mistakes I keep correcting myself but overall I am surprised by my posts and not many things surprise therefore I like to beat my own drum as by doing this I do raise the bars for my own performance, going back is important I do that all the time others will just like the story of shame on big pull ups to be burried in SI 'hall-of-shame' they cover always in middle of carnage if things go wrong because they think people out here are fools, when Fed raised the rates I was in Pakistan from 1025 SPZ within four minutes we saw it at 1072 and high of 1080 this is my bhumbo treatment- fully greased bhumbo gives a different kind of treat and these charltans deserve it day on day out- -I love it too-- this time it was specially arranged because someone wanted his eyes to pop out, tongue hanging put and tail wagging up this my picture of DOW 4000 and 6000 guys-- only one thing about my 'bhumbo' total satisfaction guaranteed and I like the fun and anger of these guys also but this isfun time on SI --- enjoying ones winning is raising bars for my own performance and that helps me to be lethal in y precision..
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