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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.21-1.1%4:00 PM EST
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To: Fintas who wrote (56326)1/6/2014 12:51:34 PM
From: Lazarus2 Recommendations

Recommended By
D.Austin
GROUND ZERO™

  Read Replies (3) of 218499
 
Well gee whiz, you would HAVE to think that 1620-1627 would be hit....

seeinz those numbers are hellahigh over former numbers you posted,

The irony being that 1627 is just 3 points lower than the low on the day you made this post.

A BOUNCE WAS DUE. A BOUNCE OCCURRED. There will be many on the road down to 1550/1450/1350.

A couple of days after you made that post, the market did crumble about a 100 points,,,, buts its rallied about 300 from there.

Dontgetmewrong buddy, I'm not being critical of you----> just real.

I recall a response by the da chief to a guy who said he was looking for a "tradeable bottom" --- this was back in 2008/9 --- and chief verbally castigated him. As it turned out if the guy had just gone "no worries" long at that time it would been something like a two year ride down and back up to break-even.

ANYoNE who can manage to make money trading and stay in the game deserves props but there aint a GURU out there who's right all the time. Its a combination of skill and luck. As many years as I've been doing this I would quote the proverb: FORTUNE FAVORS THE BOLD

and I think my biggest scores have been more LUCK than skill.
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