I
don't know but in spite of having 22+ technical systems,
studying & analyzing zillion plus charts, you never
even got a hint of the massive downside move of a whopping 160+
handles in S&P coming. Not only that,
you were bullish before the downside move started and that
you initiated 2 more bullish positions during this downside
move. I don't think I will ever subscribe to your
newsletter again after my subscription expires. Better yet, you can
refund my remainder of 6 month subscription. I have been in the
market for about 20+ years and have gone through and traded 2 stock
market crashes. So I do understand stock market very well. Thank
You.
Regards,
Nayan Shah
Reply: Do NOT confuse the SPY System with our Newsletter
Analysis of the Markets. Your previous comments in September
indicated some confusion and Matt responded and said to avoid
trading this system WITHOUT a clear understanding. We
acknowledge that the system trade has led to draw-downs (it has
several times in the past as well) and that's why one must accept
the system or avoid trading it but our analysis was far from
bullish which you would have recognized if you took time to listen
to all the newsletters.
The SPX Wedge was drawn and shown multiple times PRIOR to the
decline. Also you clearly didn't listen to my comments about
the VIX Weekly BB's contracting and expecting a larger move over
time.
Posted by McFly1985 on 15th of Oct 2018 at 09:50 am
Nayan, clearly you didn't listen to the newsletters during the
week of the downturn, since Matt & Steve were giving serious
warnings about a downturn. I listened, went short, and had a hugely
profitable week. (I had a few longs not work out, but who didn't?)
If you are only referring to the SPY system, it doesn't get every
move all the time. (I've traded a lot of automated systems, and
they just don't work that way.) That being said, I totally get
being frustrated. This market isn't easy to navigate.
1. Matt and Steve run an outstanding website. Both had
been cautious of late...especially going into last week. Not
sure how you missed that.
2. Although I don't play them, BPT's SPY Systems and
sub-Sytems have excellent longterm track records. However, no
system (or individual) will be right 100% of the time.
3. It's extremely hard to predict those 1-2 day downdrafts; no
one can to any degree of consistency. If you've followed even
a sampling of suggestions put forth by BPT over time and traded
with discipline, you should be well ahead of the game. If
not, look inwards and improve your trading .
I looked over the newsletters and over the month every daily SPX
chart we've shown has been a rising wedge pattern with 5 waves and
MACD divergence. Only a couple times I showed one pattern
that could have been considered slightly bullish that had the
rising wedge as a wave 5 of (3), but you have to understand that
even under that option I said to expect a pullback of 60 - 100
points for that wave (4)! Because that would have been consistent
with the wave (2) correction. So even that supposedly bullish
option expected a decent size pullback/correction. There was
no option presented that had the market just rallying to new highs
right away without a correction! We also showed a rising
wedge that if it had rallied off the lows early last week could
have formed a lower high RS of a H&S top, obviously that option
was negated on Wed as well as the (4th) wave. Otherwise there
were no rip roaring bullish market chart options. Also had
SPXU as a perfect falling wedge in late Sept and early Oct on that
wedge
Posted by tradeit007 on 13th of Oct 2018 at 02:09 pm
To Nayan Shah - anyone who says they understand the stock market
very well provides substantial evidence that they are a
self-deluded amateur. If you were a true student of the market,
like you say you are, you should have known when to exit a trade
(regardless of what you think a newsletter says). This newsletter
has provided a wealth of knowledge over the years. You should thank
them rather than criticize them. But if you were a true student of
the game, you would have known that.
I'm traveling out of town and don't have a laptop with me
to respond, I will respond tomorrow after I'm back in town too
difficult to do so properly from my phone. Otherwise you seem to be
referring to the Spy system that has nothing to do with our market
analysis and they are 100% mutually exclusive. This
should not be construed as an analysis on the market because
the SPY System is long. Two weeks ago in my Wednesday
newsletter I pointed out the rising wedge on HYG and said things do
not look good and the BTP Deluxe went Red last Tuesday.
Please review the SPY system overview in depth which includes
historical returns and address questions. Make sure you take
time to listen to ALL the newsletters and examine all such charts
over the past few weeks.
Posted by eagleowl on 13th of Oct 2018 at 11:00 am
Nayan, I actually have found the opposite. I have
subscribed to many stock newsletters and services, and while I am
still a new member here, I've found that Matt and Steve's
newsletter is the most comprehensive and informative service I've
ever seen. I've learned so much just listening to their
newsletters every night. In my opinion, they are some of the
best in the business.
Hi Nayan, I have inside info that Steve and Matt have on
order from Google, Bots that can time market tops and bottoms
to within 2 POINTS! Until they arrive turn up the volume on your
speakers and LISTEN to their newsletters!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I don't know but in spite
Posted by nayan32 on 13th of Oct 2018 at 03:07 am
I don't know but in spite of having 22+ technical systems, studying & analyzing zillion plus charts, you never even got a hint of the massive downside move of a whopping 160+ handles in S&P coming. Not only that , you were bullish before the downside move started and that you initiated 2 more bullish positions during this downside move. I don't think I will ever subscribe to your newsletter again after my subscription expires. Better yet, you can refund my remainder of 6 month subscription. I have been in the market for about 20+ years and have gone through and traded 2 stock market crashes. So I do understand stock market very well. Thank You.
Regards,
Nayan Shah
Reply: Do NOT confuse the SPY System with our Newsletter Analysis of the Markets. Your previous comments in September indicated some confusion and Matt responded and said to avoid trading this system WITHOUT a clear understanding. We acknowledge that the system trade has led to draw-downs (it has several times in the past as well) and that's why one must accept the system or avoid trading it but our analysis was far from bullish which you would have recognized if you took time to listen to all the newsletters.
The SPX Wedge was drawn and shown multiple times PRIOR to the decline. Also you clearly didn't listen to my comments about the VIX Weekly BB's contracting and expecting a larger move over time.
https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=15&id=p47716059604&a=592740180&listNum=61
Nayan, clearly you didn't listen
Posted by McFly1985 on 15th of Oct 2018 at 09:50 am
Nayan, clearly you didn't listen to the newsletters during the week of the downturn, since Matt & Steve were giving serious warnings about a downturn. I listened, went short, and had a hugely profitable week. (I had a few longs not work out, but who didn't?) If you are only referring to the SPY system, it doesn't get every move all the time. (I've traded a lot of automated systems, and they just don't work that way.) That being said, I totally get being frustrated. This market isn't easy to navigate.
Three points, Nayan: 1. Matt and
Posted by RichieD on 15th of Oct 2018 at 08:34 am
Three points, Nayan:
1. Matt and Steve run an outstanding website. Both had been cautious of late...especially going into last week. Not sure how you missed that.
2. Although I don't play them, BPT's SPY Systems and sub-Sytems have excellent longterm track records. However, no system (or individual) will be right 100% of the time.
3. It's extremely hard to predict those 1-2 day downdrafts; no one can to any degree of consistency. If you've followed even a sampling of suggestions put forth by BPT over time and traded with discipline, you should be well ahead of the game. If not, look inwards and improve your trading .
I looked over the newsletters
Posted by matt on 15th of Oct 2018 at 10:21 am
I looked over the newsletters and over the month every daily SPX chart we've shown has been a rising wedge pattern with 5 waves and MACD divergence. Only a couple times I showed one pattern that could have been considered slightly bullish that had the rising wedge as a wave 5 of (3), but you have to understand that even under that option I said to expect a pullback of 60 - 100 points for that wave (4)! Because that would have been consistent with the wave (2) correction. So even that supposedly bullish option expected a decent size pullback/correction. There was no option presented that had the market just rallying to new highs right away without a correction! We also showed a rising wedge that if it had rallied off the lows early last week could have formed a lower high RS of a H&S top, obviously that option was negated on Wed as well as the (4th) wave. Otherwise there were no rip roaring bullish market chart options. Also had SPXU as a perfect falling wedge in late Sept and early Oct on that wedge
To Nayan Shah - anyone
Posted by tradeit007 on 13th of Oct 2018 at 02:09 pm
To Nayan Shah - anyone who says they understand the stock market very well provides substantial evidence that they are a self-deluded amateur. If you were a true student of the market, like you say you are, you should have known when to exit a trade (regardless of what you think a newsletter says). This newsletter has provided a wealth of knowledge over the years. You should thank them rather than criticize them. But if you were a true student of the game, you would have known that.
Good luck to you, Gary M
I'm traveling out of town
Posted by matt on 13th of Oct 2018 at 11:22 am
I'm traveling out of town and don't have a laptop with me to respond, I will respond tomorrow after I'm back in town too difficult to do so properly from my phone. Otherwise you seem to be referring to the Spy system that has nothing to do with our market analysis and they are 100% mutually exclusive. This should not be construed as an analysis on the market because the SPY System is long. Two weeks ago in my Wednesday newsletter I pointed out the rising wedge on HYG and said things do not look good and the BTP Deluxe went Red last Tuesday. Please review the SPY system overview in depth which includes historical returns and address questions. Make sure you take time to listen to ALL the newsletters and examine all such charts over the past few weeks.
Nayan, I actually have found
Posted by eagleowl on 13th of Oct 2018 at 11:00 am
Nayan, I actually have found the opposite. I have subscribed to many stock newsletters and services, and while I am still a new member here, I've found that Matt and Steve's newsletter is the most comprehensive and informative service I've ever seen. I've learned so much just listening to their newsletters every night. In my opinion, they are some of the best in the business.
Cheers,
Eric
I agree breakpointtrafes is the
Posted by morton7 on 13th of Oct 2018 at 01:58 pm
I agree breakpointtrafes is the best website around having tried many!
Hi Nayan, I have inside
Posted by amcap on 13th of Oct 2018 at 05:11 am
Hi Nayan, I have inside info that Steve and Matt have on order from Google, Bots that can time market tops and bottoms to within 2 POINTS! Until they arrive turn up the volume on your speakers and LISTEN to their newsletters!