i wonder when this rally have even 5% pullback!!! Bearish trader are losing lots of money so far in 2012....... Doesnt matter what bear say.... fibs.... gann..... hurst...... trendline...... macd....... tom demark...... market keeps going up anyway!!
Well, every single one of those indicators doesn't work, so that's not a surprise. I don't know who Tom Demark is.
Quote....... every single one of those indicators doesn't work. well other trader here use many of them, but those trader may not be profitable even if they say otherwise.... see here case of multiple identities... http://www.elitetrader.com/vb/showthread.php?threadid=236585 one person using many user name to gain credibility..... Tom demark is TA guy with many followers. He was on tv 3 weeks ago calling for immediate market rollover..... instead the market makes bear stew
02-11-12 bwolinsky states: 'This is a lie.You don't make a "Apple crash" call if you're not saying you shouldn't be in it or go short.' bwolinsky, Like Nine_Ender you also conflate TA analysis with trading. This demonstrates intentional malicious conduct and/or appalling ignorance by yourself. I made no AAPL trade recommendation - short or long. It will crash eventually but there is no sell signal at present. http://www.elitetrader.com/vb/showthread.php?s=&threadid=236316 BTW I didn't know you're a stockbroker like bhardy307. Are your clients aware of how you conduct yourself on public forums ? There seem to be a few brokers on ET with a long only bias and no TA knowledge. Not a good recipe in a long term bear market. And we all know how brokers earn money - via sales commission. Not trading... [disclosure as per http://stockmarket618.wordpress.com/2012/02/10/aapl-parabolic-irrational-exuberance/ - no AAPL position held]
<b> Your TA analysis hasn't proved to be profitable. You started a thread called "The Apple Crash" and you're such a fool you claim it has nothing to do with a trade recommendation, which is so naive and stupid I don't need to pay any attention to your bullshit. That I post in forums publicly is more of a shock to clients but what I post if you know me anyway is a lot more important than the drivel you soak these forums in.
Think there'll be a shallow dip, less than 5%, more around 4% in NQ, not sure if ES will be as weakly sold off as that, but if the OP hasn't bought in yet, it's a dam shame for him not to have been more aggressive.
wtf happened at the close today? I know price movement is random but there was probably something that made it pop like that right?