Nicholas, this is a daytrading thread, not a longterm /shortterm investment thread. Your predictions are at best way to far in the future for the thread. They want to know what is going to happen today and in the next few days, because the positions they hold are a three day hold, anything longer than that and they can visit the other thread you post on.
For the novice daytrader, your longterm analysis may affect his shortterm thinking. Your prediction of 1650 numbers does not make a person buying PVTL or BLD, etc, for a daytrade more comfortable on entry, it tends to cloud the issue with data that is irrelevant at the time.
I posted my entry into this market at 2750ish which I was saying was the bottom, as it turned out it was. Direction is more important to a daytrader over the next three days, not the next 3 weeks or 3 months.
That is not to say that you are wrong, on the contrary, you are very accurate in your longterm predictions, those predictions just don't have any place on a daytrading thread IMHO, they prematurily scare or build euphoria in the novice trader. The whole purpose of the thread is to help novice traders develop into good Daytraders, and help good daytraders become better reading the "shortterm" mommentum of the market.
Just my opinion.
the Chief |
