Every letter writer I have ever listened to talks out both sides
of their mouth...then they can go back and selectively say I told
you so....doesnt mean they're not competent, just that they want to
play both sides of the street...fact of the matter is, they dont
know which way the market is going...would be nice to hear them
say, hey, we just missed it...I can accept that....nobody's
perfect...
knaub, theyre just tryin to sell something...I take it with a
grain of salt, recognize it for what it is....BTW, I'll be
continuing my subscription because I want to hear what all of you
have to say, not just Matt and Steve.
Posted by blockbuster on 29th of Nov 2009 at 03:53 pm
Steve and Matt,
thanks for your commitment to provide and improve upon your
already extensive market analysis. Your methodology has kept
subscribers in the intermediate trend. Less clear is your
methodology for when at what prices stocks are triggered and
stopped out. Eg. Jnpr: 26 stp, you closed out at 25. NANO: Closed
out out 13. It gapped down that day. AEZC: Down 50% overnight.
Should have triggered. Left of list next day. CIT: Gap down. Price
from previous night used. If you want to establish credibility and
spread the word about your excellent work, it may be helpful to
offer clearer parameters. Oh, I am not a bitter short or long.
Please do not take this with anything but a desire to help make the
most of this community and your considerable skills.
It seems as though you have had a problem with letter
writers in the past. No one Knows for sure the direction of the
market but can often give you clues . Hopefully you learn to read
and heed the clues as I have. An e.g. was SLV that I was short on
Wed. close via puts. Sold 50% of them on opening Friday a.m.The
puts were up to .69 via a close at .40 on Wed. Enjoy the day and
listen to the clues.
You have to also remember that the market does not follow logic
and predictability to the day. If I had followed my gut
instinct months ago, I would have shorted and lost much more money
than one day where it gapped the wrong direction on Friday.
Also, one day does not make a reversal or a trend, so either follow
your strategy for trading to the tee here or wait on the sidelines
until a trend develops.
Geesh, some of you guys are unbelievable......Matt/Steve have
clearly stated what they expect and it is just sour grapes if you
didn't listen......I've been trying to short this market for a few
weeks and didn't listen to Matt/Steve........Had I listened I would
have been in a better position but like someone posted earlier I
may finally be right with my short positions.....or not.....I am
learning to take smaller and smaller positions as opposed to going
all in with one trades......spreads out risk for a swing trade
imo......cheers all.
It's still too early to make any definitive conclusions about
the market. Over the past 7 days the primary indexes have
experienced two markedly bearish sell offs BUT they managed to
recover and have yet to break down. The one thing that I've
stated recently is that the risk reward near these levels is not
something that I find attractive for swing longs (I have cited many
reasons including some above). However, that does not mean the
market cannot probe higher. As traders return to their desks
next week, we will see how they react to last weeks developments.
For now, I suggest we keep an open mind and focus on trading
the best setups.
The dollar is weak again tonight which is helping to lift the
futures higher - this has been pattern lately on Sunday
Evenings.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Direction
Your statement
Posted by carlb on 28th of Nov 2009 at 11:57 pm
Every letter writer I have ever listened to talks out both sides of their mouth...then they can go back and selectively say I told you so....doesnt mean they're not competent, just that they want to play both sides of the street...fact of the matter is, they dont know which way the market is going...would be nice to hear them say, hey, we just missed it...I can accept that....nobody's perfect...
knaub, theyre just tryin to sell something...I take it with a grain of salt, recognize it for what it is....BTW, I'll be continuing my subscription because I want to hear what all of you have to say, not just Matt and Steve.
RE: The Watch List
Posted by blockbuster on 29th of Nov 2009 at 03:53 pm
Steve and Matt,
thanks for your commitment to provide and improve upon your already extensive market analysis. Your methodology has kept subscribers in the intermediate trend. Less clear is your methodology for when at what prices stocks are triggered and stopped out. Eg. Jnpr: 26 stp, you closed out at 25. NANO: Closed out out 13. It gapped down that day. AEZC: Down 50% overnight. Should have triggered. Left of list next day. CIT: Gap down. Price from previous night used. If you want to establish credibility and spread the word about your excellent work, it may be helpful to offer clearer parameters. Oh, I am not a bitter short or long. Please do not take this with anything but a desire to help make the most of this community and your considerable skills.
Direction
Posted by rbreese on 29th of Nov 2009 at 09:01 am
It seems as though you have had a problem with letter writers in the past. No one Knows for sure the direction of the market but can often give you clues . Hopefully you learn to read and heed the clues as I have. An e.g. was SLV that I was short on Wed. close via puts. Sold 50% of them on opening Friday a.m.The puts were up to .69 via a close at .40 on Wed. Enjoy the day and listen to the clues.
You have to also remember
Posted by jacob on 29th of Nov 2009 at 12:21 am
You have to also remember that the market does not follow logic and predictability to the day. If I had followed my gut instinct months ago, I would have shorted and lost much more money than one day where it gapped the wrong direction on Friday. Also, one day does not make a reversal or a trend, so either follow your strategy for trading to the tee here or wait on the sidelines until a trend develops.
Jacob
Geesh, some of you guys
Posted by bullau on 29th of Nov 2009 at 01:31 pm
Geesh, some of you guys are unbelievable......Matt/Steve have clearly stated what they expect and it is just sour grapes if you didn't listen......I've been trying to short this market for a few weeks and didn't listen to Matt/Steve........Had I listened I would have been in a better position but like someone posted earlier I may finally be right with my short positions.....or not.....I am learning to take smaller and smaller positions as opposed to going all in with one trades......spreads out risk for a swing trade imo......cheers all.
Can't wait for the weekend report.
Quick Comments
Posted by steve on 29th of Nov 2009 at 01:41 pm
It's still too early to make any definitive conclusions about the market. Over the past 7 days the primary indexes have experienced two markedly bearish sell offs BUT they managed to recover and have yet to break down. The one thing that I've stated recently is that the risk reward near these levels is not something that I find attractive for swing longs (I have cited many reasons including some above). However, that does not mean the market cannot probe higher. As traders return to their desks next week, we will see how they react to last weeks developments. For now, I suggest we keep an open mind and focus on trading the best setups.
The dollar is weak again tonight which is helping to lift the futures higher - this has been pattern lately on Sunday Evenings.