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#1
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Back into stocks
It's here. There should be the chance for some real upside in the market. I'm going long with a lot of this money in tech which should bounce hard. Back to the races! |
#2
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you disappoint me
What happened to the September 21 low? Didn't meet your schedule? You were a seller at 1070, 27 points below us. I am bearish, there is yet little reason to expect stock prices to be higher a year from now. And if somebody asks "why" I am inclined not to say. eLROY |
#3
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day trader comments on the long term
"I am bearish, there is yet little reason to expect stock prices to be higher a year from now" so what why cant he make money on long positions? you are in and out of the market all the time why cant he be? |
#4
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his exact words were \"Within 2 months.\"
He could very easily have said "I expect the S&P to break the low before I get new information." What good is a prediction, if you fail to predict you will get new information, and that the information will cost you 25 points? A day trade is simply a prediction about how soon you will know to exit. eLROY |
#5
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Re: his exact words were \"Within 2 months.\"
"He could very easily have said "I expect the S&P to break the low before I get new information." right but aren't you nit picking? nobody would fail to change their mind if they werent presented with new information. thats a given i think. "?What good is a prediction, if you fail to predict you will get new information, and that the information will cost you 25 points?" how do you figure it necessarily cost him 25 points? ok it would have been better to be in 25 points ago but who the hell can pick all the inflection points in the market flawlessly? if he is right and the market moves in his direction and he makes money the issue becomes was the risk worth taking. as far as the information that changes his mind how can he predict when he will get it? ok his system may or may not be very good. it may be good enough to make him money though. "A day trade is simply a prediction about how soon you will know to exit." sure. your comment to him was that in a year stocks would be lower not higher is probably irrelevant to him since his indicators seem to be more sensitive than a one year time frame would indicate. |
#6
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Re: his exact words were \"Within 2 months.\"
"how do you figure it necessarily cost him 25 points" Based on prices at the first opportunities to trade after he made each of his two calls. "his indicators seem to be more sensitive than a one year time frame would indicate" Also more sensitive than a two-month timeframe would indicate. "right but aren't you nit picking?" No. A price and time prediction should be a prediction of the price and time at which you expect to get new information. He never gave the impression that this was anything but a two-month trade, where the passage of time, or reaching the low, would invalidate the trade. He has completely changed the distribution of returns, and the appropriate level of capital to commit to the trade. "comment to him was that in a year stocks would be lower not higher is probably irrelevant to him" He said "It's here." That implied something long awaited. People do no long await things which are over in a week, or even in a month or two. eLROY |
#7
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Re: you disappoint me
Well, the best I can say is I changed my mind. The market is vastly oversold at this point. There should be a nice up movement from here on out. As usualy Elroy you are thoroughly confusing and rambling. I have no idea what your beef is. I changed my find because of a variety of factors. I've been bearish for almost 1.5 years and yes I have been waiting for this. I doo not anticipate this being a short term "trade" though it may end up beind less than a year long. I don't really like to trade much. I'm going aggressive on tech. Hooray for tech! |
#8
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BTW why TECH? *NM*
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