I agree...I have gotten destroyed listening to elliott wave and
waiting for the final 5th wave pullback... the intra-day guys
really suck...saying this marks the top evry 5 points up in the spx
from 785 they are back seat drivers.... steve
guys we are in an uptrend, I stated 2 weeks ago that I thought
the low was in, I covered all shorts on the watch list on Mar 9th
and put Longs, We state we only use EW as a roadmap, but use normal
tech analysis to time our trades. EW worked well last year and
defines the bear market, this is not the start of a new bull
market, however we are in an uptrend. wave B will last for
several months, it has been three weeks, what have you
missed?? You still have a few months of uptrend? My target on
wave B is 1000 - 1100 on the SPX, but is will not go straight
there. Plus did not not play any longs?
People get so damn emotional, I'm getting tired of all this.
I said, we are in an uptrend, we look to buy pullbacks,
pullbacks will be shallow so shorting is only for short term, the
trend is up, I've been saying this for a while. We have Longs
on the watch list. how many shorts do you see and the 2
shorts we have are working. Enough on this already
As a person who tried to do day trading by myself, and lost
$40,000, I'd like to say thanks to Matt & co. I have much
better direction than I ever had before. And I say to Matt, "you
can't please everybody all the time" !! Carry, on, you are doing a
great job ! Thanks again.
Posted by biketastic on 25th of Mar 2009 at 10:37 am
Matt, do not be dispirited by the negative comments. This
is a great service; your comments are clear, informative and
well balanced. Maybe the detractors would benefit from some
training in listening skills :-)
Posted by dallassteve on 25th of Mar 2009 at 10:15 am
Matt, I am watching the SPX hit that 825 line you drew on the 60
minute chart. I'm interested in your thoughts as we watch if
it is taken out, or falls back. Looked strong this morning,
but too vertical. I may sell my SDS on a small decline, or
hold if the market falls back as quickly as it went up.
Regarding emotions on the site. As long as people keep it
civil, it is nice to know we have a passion for trading. I
try to make objective trading choices, but I do smile after a nice
trade. And I learn something from the bad ones.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I agree...I have gotten destroyed
Elliott & Fibonacci (more)
Posted by sfeid on 25th of Mar 2009 at 10:03 am
I agree...I have gotten destroyed listening to elliott wave and waiting for the final 5th wave pullback... the intra-day guys really suck...saying this marks the top evry 5 points up in the spx from 785 they are back seat drivers.... steve
guys we are in an
Posted by matt on 25th of Mar 2009 at 10:09 am
guys we are in an uptrend, I stated 2 weeks ago that I thought the low was in, I covered all shorts on the watch list on Mar 9th and put Longs, We state we only use EW as a roadmap, but use normal tech analysis to time our trades. EW worked well last year and defines the bear market, this is not the start of a new bull market, however we are in an uptrend. wave B will last for several months, it has been three weeks, what have you missed?? You still have a few months of uptrend? My target on wave B is 1000 - 1100 on the SPX, but is will not go straight there. Plus did not not play any longs?
People get so damn emotional, I'm getting tired of all this.
I said, we are in an uptrend, we look to buy pullbacks, pullbacks will be shallow so shorting is only for short term, the trend is up, I've been saying this for a while. We have Longs on the watch list. how many shorts do you see and the 2 shorts we have are working. Enough on this already
As a person who tried
Posted by macbeth on 25th of Mar 2009 at 10:24 am
As a person who tried to do day trading by myself, and lost $40,000, I'd like to say thanks to Matt & co. I have much better direction than I ever had before. And I say to Matt, "you can't please everybody all the time" !! Carry, on, you are doing a great job ! Thanks again.
Matt, do not be dispirited
Posted by biketastic on 25th of Mar 2009 at 10:37 am
Matt, do not be dispirited by the negative comments. This is a great service; your comments are clear, informative and well balanced. Maybe the detractors would benefit from some training in listening skills :-)
Mike - from sunny Denmead, UK.
yes sir
Posted by sfeid on 25th of Mar 2009 at 10:15 am
yes sir
Matt, I am watching the
Posted by dallassteve on 25th of Mar 2009 at 10:15 am
Matt, I am watching the SPX hit that 825 line you drew on the 60 minute chart. I'm interested in your thoughts as we watch if it is taken out, or falls back. Looked strong this morning, but too vertical. I may sell my SDS on a small decline, or hold if the market falls back as quickly as it went up.
Regarding emotions on the site. As long as people keep it civil, it is nice to know we have a passion for trading. I try to make objective trading choices, but I do smile after a nice trade. And I learn something from the bad ones.