"...now if that didn't work on sept 26th...because after you posted that the market dumped from 1239 to 1160....when you thought it would ramp with that t/a...
I did? I refer you again to the same post:
Message 18037115
You've got it in your head that I called a definite end to the retrace there. I didn't. I'll say it again, for the last time, quoting directly from that URL (with a little highlighting):
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"I am still calling Naz 800, Dow 5000, and SPX 500, but I think the retrace MIGHT be about to be blown out of the water...."
...
"We also had a rather divergent pivot on MACD. This OFTEN indicates the beginning of a very strong rally."
...
"...this rally is LIKELY to blow through whatever price you have in mind that would be consistent with the Retrace."
...
"It wouldn't surprise me at all to see 1400 within several weeks, maybe sooner. I'll know more tomorrow -- MAYBE ENOUGH TO MAKE A DEFINITE CALL. Right now IT'S JUST A STRONG POSSIBILITY..."
...
"If things break down quickly, I'll bail out with a small profit tomorrow, most likely. However, I've got a strong suspicion that the Retrace is about to bite the dust. It's worth a shot here. Very little risk for a trader. Unless the market opens with a large gap down, I've already got a "free look" at the POSSIBLE end of the Retrace."
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I thought that was pretty clear the first time I wrote it, especially since I said the same thing several different ways.
I'm still on record with a DEFINITE CALL about NAZ 1000:
Message 17393697
My statement on September 26 was about a good risk/reward opportunity to catch a retrace-breaking rally IF IT HAPPENS. Today's opportunity was even better than the first one. Some of the divergence signals are even stronger. But it's still NOT A CALL that the retrace WILL break; it's just an alert that the chances of the retrace breaking are higher here than they have been in a long time. I'm trading this opportunity because I think the worst that will happen is that I'll make a little money instead of a lot, but I am in position to make a lot if the retrace breaks. A "free look."
Anyway, if you want to keep repeating that I called an end to the retrace, rather than just a trading opportunity that included a good chance to evolve into an end to the retrace, well, knock yourself out. I'm done.
Thanks for all the good insights. I've enjoyed the thread.
Adios!
ig |
