it was interesting seeing a chain of comments related to my
posting (maybe some other trial members as well). I am ok with all
sorts of reaction but I want to share some of my thoughts just to
entertain you:
- the theme of my last few postings is that I feel quite a few
people's mindset is fixed in a box (such as so-called road map EW
theory). remember there are hundreds of interpretation of EW chart.
just as any other technical analysis, it just offers all sort of
probabilities - I don't even think you should map the future using
this system
- I am a little disappointed by some of the responses I got
after I post my messages. For example, today I was just addressing
one of the member's posting about buying SRS and short the market.
I got a message shortly from Matt vigorously defending his SRS
system and how much percentage of gain he had historically. dude,
did I comment on how ineffective his mechanical system is? NO. then
why in the world I am hearing all these defensive words?
- I agree if some members or trial members post messages that
are irrelavant to this blog, you need to do something about it (I
think I saw quite a few political ones). But if someone says
something that you hate to hear because you just want to get your
view confirmed and anything else is bs, well, my friend, you have a
long way to go to be a man.
i wish you guys enjoying the trading and everything else,
I am a trend trade too. what i was saying is that last couple of
days I've seen too many people trying to short the rally - why?
also, not sure I understand the newsletter - the "bigger
picuture" about ABC which implies that market will eventually crash
after this so called B wave up - I am not sure I agree with that
road map. at best you have to label a 50/50 chance.
not sure if you guys will like this - but I feel too many people
on this site are a little too bearish about the market.
EW theory is not everything. the downtrend has been unprecedent
so the rally could be unprecedent too. what about if there is no
wave C to retest the march low and we just go up from here? the
bearish mindset will ruin your investment totally. sure you can
alwasy say 9 months later "hey I was wrong and let's move on". but
by then, you will realize the difference if you are open-minded
which means you have to consider a new bull market a 50/50
chance.
excuse me but why so many people are bearish after yesterday's
big rally and momentum pickup? it broke the trendline and triangle
and never came back in there - should we expect further upward
swing?
The community is delayed by three days for non registered users.
I promise this is my last posting
Posted by yago on 20th of Jul 2009 at 01:55 pm
it was interesting seeing a chain of comments related to my posting (maybe some other trial members as well). I am ok with all sorts of reaction but I want to share some of my thoughts just to entertain you:
- the theme of my last few postings is that I feel quite a few people's mindset is fixed in a box (such as so-called road map EW theory). remember there are hundreds of interpretation of EW chart. just as any other technical analysis, it just offers all sort of probabilities - I don't even think you should map the future using this system
- I am a little disappointed by some of the responses I got after I post my messages. For example, today I was just addressing one of the member's posting about buying SRS and short the market. I got a message shortly from Matt vigorously defending his SRS system and how much percentage of gain he had historically. dude, did I comment on how ineffective his mechanical system is? NO. then why in the world I am hearing all these defensive words?
- I agree if some members or trial members post messages that are irrelavant to this blog, you need to do something about it (I think I saw quite a few political ones). But if someone says something that you hate to hear because you just want to get your view confirmed and anything else is bs, well, my friend, you have a long way to go to be a man.
i wish you guys enjoying the trading and everything else,
yago
since I started the trial
SRS
Posted by yago on 20th of Jul 2009 at 12:20 pm
since I started the trial two weeks, I've seen many guys here try to short the market (or buy this SRS puppie), no good man, no good.
cool
make some noise
Posted by yago on 15th of Jul 2009 at 02:08 pm
cool
I am a trend trade
make some noise
Posted by yago on 15th of Jul 2009 at 02:04 pm
I am a trend trade too. what i was saying is that last couple of days I've seen too many people trying to short the rally - why?
also, not sure I understand the newsletter - the "bigger picuture" about ABC which implies that market will eventually crash after this so called B wave up - I am not sure I agree with that road map. at best you have to label a 50/50 chance.
make some noise
Posted by yago on 15th of Jul 2009 at 01:53 pm
not sure if you guys will like this - but I feel too many people on this site are a little too bearish about the market.
EW theory is not everything. the downtrend has been unprecedent so the rally could be unprecedent too. what about if there is no wave C to retest the march low and we just go up from here? the bearish mindset will ruin your investment totally. sure you can alwasy say 9 months later "hey I was wrong and let's move on". but by then, you will realize the difference if you are open-minded which means you have to consider a new bull market a 50/50 chance.
take a breath
Posted by yago on 15th of Jul 2009 at 11:33 am
just got out of BGU and TNA - market overbought and awesome gains since last Friday.
but I still think this rally has legs. hope to get back in at a little cheaper prices
i love it! now the
remember INTC reports tonight
Posted by yago on 14th of Jul 2009 at 04:38 pm
i love it! now the question is whether I should ring the cash register tomorrow if the market is up big.
gotta follow the trend baby. I've heard too many bearish comments these days.
I see a possible bull
SPX bear flag maybe?
Posted by yago on 14th of Jul 2009 at 12:55 pm
I see a possible bull flag instead.
excuse me but why so many people are bearish after yesterday's big rally and momentum pickup? it broke the trendline and triangle and never came back in there - should we expect further upward swing?
another reminder not fighting the trend
Posted by yago on 14th of Jul 2009 at 12:02 pm
i said yesterday stocks like SRS could be really streaky - don't get in front of the trend. today is another reminder.
SRS could be very streaky
SRS @ 21
Posted by yago on 13th of Jul 2009 at 05:16 pm
SRS could be very streaky and given the underlying strength of today's rally, SRS could easliy get to under 20. just my 2 cents,