Wednesday, January 16, 2008

LT sell



I will post a detailed update during the weekend. For now, it's suffice to say the break of the Aug lows and my bull-bear market indicator crossing below zero has signalled a LT sell.
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3 comments:

Greenie said...

200 points down from the top and you got a sell signal????? What a joke. Add to that, just five days back you were looking for 1620. Maybe you should talk less, stop posting less of this crap, and learn more from people who really understand the market, such as A-ha, Denleo, IT and so on.

11:30 PM
NAV said...

Yes, i missed the 1620 projection which i made in Sep 2006 by 40 SPX points. Good enough for government work eh ?

Yes, the LT sell was generated 12% from the market top. That's why it's called a LT sell signal. You don't get long term bearish confirmation at the top, if you understand even a litlle bit of TA. Those who claim such feat are snake oil salesman. The same LT sell signal in 2000 was generated 10% from the market highs. The LT buy signal in 2003 was also generated 10% from the market bottom.

If one were a ST trader, it would have gotten you out of the market right near the top on Oct 11 - ST sell posted by me on TT.

http://www.traders-talk.com/mb2/index.php?showtopic=77295&hl=

If you were a IT term trader, it would have gotten one out of the market at 1480 on Nov 11. IT sell posted on traders-talk

http://www.traders-talk.com/mb2/index.php?showtopic=78887&hl=

So bottomline, it depends on what timeframe you are trading and how much drawdown you want to take.

Are you the same Greenie from traders-talk, who has been calling the bear market from 2003 ?. Always bearish, always wrong. One disgruntled permabear !

5:40 AM
NAV said...

"Maybe you should talk less, stop posting less of this crap" - Greenie

Greenie,

May i ask you, why are you wasting your time reading all this crap ? What are you looking for on this blog ? What are you afraid of ?

2:22 AM

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