bobby, lol...
just a wake up call - no insult intended.
In your own words...
To:J.T. who wrote (6901)
From: bobby beara Wednesday, Feb 28, 2001 7:16 PM
Respond to 6916 of 7215
jt, nevr mind me, i'm a known troublemaker -g-
Bobby, you change back and forth b/w bull and bear faster than a chameleon changes its colors and are accountable to no one...
Why am I not allowed to change my views when the market tells me so?
Since I have been in the Dynamic Series, you fail to mention that I was Long the SPX TITAN from Feb 21 (RYTNX 17.61)to March 7th into the close and (RYTNX 17.88) turned a profit in the nastiest part of the decline 1 day before the market counter-trend top up 1.5%. Since I have been Bearish in the SPX TEMPEST on March 7th (RYTPX 61.02) to today March 12th (RYTPX 69.58) I am up 14% on the short side.
I took a 5% hit in Rydex Long OTC and switched back into XAU Precious Metals on March 7th and am up 4%...
*****************************
from the thread header:
>>>>3) BE RESPECTFUL OF ALL
POSTERS. No bashing peoples ideas or opinions on the market IF THEY ARE BULLISH/BEARISH
etc. 4) HAVE FUN, Be open-minded, and LEARN FROM OTHERS.
this is where you cloak your posts in humor or with underhanded backswipes consistently not only on this thread but on many other threads as well. This is not being respectful at all. It is saying look how smart I am in I told you so. A lot of this is armchair quarterbacking after the fact aimed at trying to prove me wrong and I don't appreciate it. You pulled this crap on Feb 8 call saying you got out at the top three weeks ago when I stayed long the XAU I called you on it and you couldn't disprove what I said. Then when the XAU takes off and validates my read to stay long the XAU you disappear or do not even acknowledge the call I made. I asked for the backtest and your backtest was a post not from you but from John Pitera. This is what started our feud:
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To:J.T. who wrote (6516)
From: bobby beara Thursday, Feb 8, 2001 8:52 PM
View Replies (2) | Respond to 6522 of 7215
jt, i sold some gold stocks into that big 3 point rally a coupla weeks ago and been lightening up since then, that rally looks like a failed rally, trap, and made a right shoulder to a topping pattern, now it's broken below that, u must suspect any xau rally that doesn not include a bullion rally, i think we could go and retest the lows in the xau.
b
**************
What I was asking in the post below was how could you have gotten out at the top when the XAU closed at XAU 51.99 on Jan 22nd close and you are posting that you are 50% long gold stocks that evening??? I did a search before and right after the 22nd and nowhere did you post you got out and took profits the day before or the day after as you say...
**************
To:bobby beara who wrote (6522)
From: J.T. Friday, Feb 9, 2001 2:32 AM
View Replies (1) | Respond to 6524 of 7215
i sold some gold stocks into that big 3 point rally a coupla weeks ago and been lightening up since then,
sheesh bobby- where did u post u sold into that jan 22nd 3 point rally close xau peak? I musta missed it... U did call the bearish wedge nicely though...
**************
Your post on January 22nd the evening after the XAU top.. Nothing from yourself saying you got out at the top as you claimed.
***************
To:J.T. who wrote (6248)
From: bobby beara Monday, Jan 22, 2001 11:08 PM
Respond to 6249 of 6523
yvan (precious waves) is just one more cool dude to bounce your theories off of.
i'm half long gold stocks and half short nasdaq.
ispeculator.com
even though the volume, internals and other technicals describe a bottom the price chart indicates a bearish countertrend rally wedge.
b
******************
Next some of my chronicled posts on why I remained long the XAU Precious Metals in Rydex.
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To:David Lee Smith who wrote (6479)
From: J.T. Monday, Feb 5, 2001 11:15 AM
Respond to 6484 of 6523
David, Look at some of these gold mutual funds like franklin gold fund and you will see they have bottomed in november. Franklin Gold closed at a new high on friday dating back to Feb 22, 2000.
We get thru this cycle low into the full moon on Feb 8th for gold bullion we should be ready to go.
Quite frankly, I wish the XAU would fill that friggin gap at 47.53 - 47.69...
Best Regards, J.T.
*************
The lower gap is now filled and the cycle low is in. Like all technicians, I give myself +/- 1 day so it is possible we get one more lower close tomorrow but that is it.
To be fair, my XAU 56.50 - 56.90 proved too optimistic too early and is still an elusive target for me.
I have noted strength in lead sled dog for gold the JSE all gold index and it again closed higher to close at JSE 927.50 its highest close since Jan 23rd when jse closed at 940.60. After that close is out you have to go back to October 2nd for the last high:
bigcharts.com.
I have also mentioned strength in gold funds such as Franklin Gold and prior to today's close was banging on 1 year highs.
XAU 5 day rsi is at double oversold levels 22.64 as XAU closed down to XAU 46.37 - its lowest close since November 29th.
Wada beautiful chart isn't it?
stockcharts.com[l,a]dacly...
I am going gold stock discount sale shopping tomorrow...
Best Regards, J.T.
**************
Your response was you said you lightened up the next day and a few days later and your backtest is a post from John Pitera not yourself......
To:J.T. who wrote (6524)
From: bobby beara Friday, Feb 9, 2001 11:13 PM
Respond to 6534 of 7215
Message 15328577
jt, i lightened up the next day after that rally, then some more a few days latter, i was expecting to see something better action from the bullion
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Well, the XAU peaked on the 22nd at XAU 51.99. On the 23rd of January the XAU opened down 40 + cents and went straight down from there. It closed at XAU 50.94 on the 23rd and 48.75 on the 24th of January so you clearly did not get out at the top as you stated. This is what I call armchair quarterbacking...
**********************
I stated that if we got thru thurs and fri mar 1 and 2 we would get a countertrend rally and stood thru your sarcastic posts..
To:J.T. who wrote (6842)
From: bobby beara Wednesday, Feb 28, 2001 1:26 PM
View Replies (1) | Respond to of 7215
jt, i think we found a solution to your problem -gggg-
Subject 50861
Then when I insunuated you were drinking that night as you were posting your "dry" humor right back at you as i noticed you were posting like a like a bat coming out of hell all over S.I. the night before you did not refute what I said:
To:bobby beara who wrote (6864)
From: J.T. Wednesday, Feb 28, 2001 1:41 PM
View Replies (1) | Respond to of 7215
speakin too soon again kemo sabe???
day ain't over yet...
clear up those brainwaves today from running high on that C2H5OH consumption last night...
Time to be on the straight and narrow now... itz lent... lol
what gold stocks u got???
Best Regards, J.T.
*********************************************
when i disagreed with jt's bullishness over the last several weeks, i was in contempt of the lord of the thread, i was proclaimed a drunk and a liar with no credibility.
Funny how you want it both ways but don't care about credibility when you really crave it so bad... In your own words...
To:J.T. who wrote (6871)
From: bobby beara Wednesday, Feb 28, 2001 2:46 PM
View Replies (1) | Respond to 6889 of 7215
jt, i don't feel the need or the responsibility to report every trade or do i have time, nor due i care about credibility - i ain't gettin paid for this, got no 900 jam job like cheefy, and everything you read on si should be taken with a giant grain of salt, just like anything you read from a paid analyst or other wall st. whore.
i'm not an aspiring gooroo -g-
but is see the gooroo of clowndom has showed up here to spread pollution,
yawn - go away nutcredtious and play jim jones in your clown playpen.
******************************
While i appreciate Jt's work on rydex very much, he has become a blaring horn, a king gooroo of the future, and lost all humility and emotionally tied himself to much to the wrong trend, he has been way too bullish during this whole bear market, kissing up to dopey chief everytime the market rallies a bit
Don Wolanchuk has an excellent track record and it speaks for itself.. He has won numerous timers digest of the year award which is the superbowl of investment scorecards for timing services. Kudos to Don. His time frame approach is different than mine. If the market goes to DOW 16,600 and or Nazdaq 10,000 in 2 years will he be wrong???
I think not as he reads long term. He trades daily on the SPOOZ and hedges short in the e-mini...
How the hell do you know what he is doing if you don't call and find out for yourself???
You on the other hand go from board to board and thread to thread claiming you called this and you called that and belittle people with your dry humor "dood" wit see I told you so...
On MITA, I do technical analysis and that has fully encompassed sentiment reads on Rydex. What good is this thread if I am only recapping the day after it is over... I try to anticipate changes in the market and have a right and duty if I call a low, it bounces and runs out of steam with much less strength and vigor than I could not have anticipated, that it is imperitive for me to turn back Bearish ... Which I did... Again you fail to acknowledge the call...
Why? Because you simply want to prove me wrong wherever possible.
If you want to call me a guru for doing what I have a passion to do that is your opinion. But don't go pissing in my MITA pool with these backhanded remarks over and over just as i won't go swimming in your toilet looking for you on all these other boards.
As for Rydex... I said the inversion wouuld come once we got below SPX 1,150... We are still not there yet...
have a nice day tonto... and a nice life...
Let it go...Unbook mark MITA and myself... I have no value to you.
Regards, J.T. |
