Donald...
with all due respect...my entire post was to not ONLY you, but to all that live and post here..it was a generalization, to those threaders that are constantly bearish...i do know several here are more level in their thinking than others...
so nothing i said was directed to you, except your thoughts on sideways trends...let me continue this debate...you just said you are thinking about these sideways movements at THE TOP of these markets, that because of this runnup, it would "FIGURE" to be bearish...not in the same words you uesed, but you get the gist...
actually, we could have said that from 7000, at 8000, at 9000, at 10,000, and now at 11,000...it's simply won't hold water Don...
now why do we have to be at a top??? who says so...whats the reasons??? why can't we move to 12,000, 13,000 etc etc etc..why not??? we could have said it at every single milestone mark on the way up?? right??? hey no way it can move over 9000...not a chance..at 10,000 everybody was SO BEARISH, they said it right here...get ready to dive over the cliff...crash crash crash!!! it did NOT happen..
You said to me, that others have day jobs, and i seem to be a gambler ..Donald, it couldn;t be further from the truth...first day jobs...if people have solid day jobs, and can't trade these markets, then buying and holding solid stock portfolios is THE ONLY WAY they can make serious profits in this market...in fact IT WORKS FOR ME TOO!!!! BUYem' & Hold EM"""..made me more money than daytrding or swing/poisition trading to date...WHY???
because when you take the emotional aspects OUT of trading, the noise, CNBC, SI all the horse manure associated with so called ANALyist, brokers, and such...then you can relax and trade the plan...
And Donald, i have never said anything about what you do day to day...it's your thing you do for this thread...it has no bearing on what i do, as i have no bearing on what you or others do here or for that matter anywhere...i ignore ALL indicators, posters on SI, CBNC, newspapers, amgazines etc...it has nothing to do with you..i just like to exchange views that are really very opposite in allaspects of our trading styles and thought processes...and Don whos to say whos right or wrong...certainly not me, or you...
BUT....i have the charts to prove this senario you speak about...not to disparage you..no way...if you took one minute, and read Tom Dorsey, his book and daily updates about stocks, the markets direction, sectors, on the site, i think you would be dumbfounded with how accurte his is and has been...in fact get THIS, last Sept OCT i went to meet him in person at a seminar in Mass...we hit it off right away...super nice fellow...he said to me then, " Jerry in less than 6 months or so we'll see $20.00 OIL"...i said sure we will???
not a bad prediction....this person alone, has been so influential to my way of trading and investing..Gamble DON??? no not really, i may sound like it all the time..but everything i do, well lets say 90% of everything i do, is very calculated based on P&F..PERIOD...
so we may from time to time see things differently, and of course i have the utmost respect for you and others here...i just bring a different appraoch to this thread..because besides SO, i don't think there's another REAL BULL here??? <gggggggg>....
oh yeah Don, i love debates...regards....OJ.... |
