I don't know if you were referring to thebeach, but I think thebeach's comment about people keeping their day jobs was aimed more at things like the following:
Thurs night, Aug 30th: Thus, I expect sharply higher prices into at least the middle of next week, with 1180 cash the first area of major resistance after we clear the 1152 area. If 1180 clears quickly, and 1190 gives way shortly thereafter (and I think it will), we could be in for one of the most explosive rallys (point-wise, in a short time span) that this market has ever seen, with 1240 to 1250 quickly achieved.
Message 5369111
Sunday, Aug 2nd: "alas, I've come to the conclusion that the bears will have the market well in hand until late Wednesday."
Message 5388054
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What casual lurkers may not know is that the above quoted investor is probably referring to futures prices, and also has the account capability to reverse course even prior to the market open, via Globex.
The intention is not to ridicule David here, but just to reiterate to possible newbie lurkers that the market is a very dangerous place to put hard-earned money based on a one or two opinions read on the internet.
DK |
