Hi IKE
wasn't on SI at all today, busy with the familiy...
I don't see your current numbers as agreeing with mine...i don't think we have establish a trading range yet...
in fact because of the lack of a "follow thru" rally today, i feel there is real trouble ahead...big trouble...
it's a precursor to a potential 1000 point decline to the 6500 level soon...
i think we have already discounted the usual outside influences, Russia, Asia, Latin America etc etc etc...yesterdays news for me...
i don't think the market is prepared for what's just ahead...
i'm in the oppostie camp from you on Corp Earnings...they will not meet expectation, and will warn about the next Q for sure leading to this decline...
i feel this last Q, will be the best Q in the next 6-12 months...and that Q was lowered many times before...so from these levels of "expected" profits we are going to bomb from here...
this market is extremly shaky, not for the meek of heart, and absolutely not for the novice trader with short money, please all of you just stand aside...
i'm not trying to tell anyone what to do, far be it for me to sound like your father, you terrific traders out there...but this market will separate the men from the boys in fast fashion...
just when you think you bought a stock at the bottom, it will tank on you 20%-50% from these levels, and you'll be stuck with it for 1-2 years...
No,!!! this is one very serious market in disaray. it's more than volitile, it's trecherous and decitful & dangerous...there's is noway we can compete with the big boys in this kind of market...NO WAY....
i can not ever remember this feeling i have ever before...
i of course hope i'm wrong...i'd be happy to be wrong..
BUT I DON'T THINK SO..!!!!!!!!!!!!!!!!!!!
My Regards to all...Jerry |
