tag:blogger.com,1999:blog-6062751687592413583.post6913387811305688041..comments2024-03-26T21:56:51.634-07:00Comments on World of Finance.: Irrational Exuberance Redux.World of Financehttp://www.blogger.com/profile/14109552944903875871noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6062751687592413583.post-63059400782029095692012-07-14T05:11:29.779-07:002012-07-14T05:11:29.779-07:00The above chart is not an Analog and I strongly su...The above chart is not an Analog and I strongly suggest nobody should follow any Analog. Analogs are just for fun and fluke. Its nice till the time they match but have very little guarantee of repeating that in future. <br />I have my own cycle analysis and few other TA indicators which I follow. Let not worry about the mechanics but see the end result. So lets wait for one more push up till Tuesday and then wait and see if my call for market correction by 1st week of August comes through.World of Financehttps://www.blogger.com/profile/14109552944903875871noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-17762363146737109022012-07-13T21:25:44.192-07:002012-07-13T21:25:44.192-07:00Hi,
Enjoyed your post. BB is presenting to congr...Hi,<br /><br />Enjoyed your post. BB is presenting to congress on Tuesday and I would have thought based on what he said re QE3 would set the tone for the market for the next few days but you think the market will go upon Tuesday and then go down?<br /><br />Is this based on an analogue you are following, Hurst cycles or some other reasoning? Appreciate your clarification. Thanks.<br />AmitAmithttps://www.blogger.com/profile/14026680352388563250noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-68210713284430371542012-07-13T21:07:16.596-07:002012-07-13T21:07:16.596-07:00Thanks Mike.
Most have very superficial idea abou...Thanks Mike. <br />Most have very superficial idea about trading. A bear correction is normally complete in few weeks and if we are sure of the move, we can play with leveraged ETFS. It is much safer than options.If I am lucky, I can even sell covered calls and reduce my cost. But I do not hold leveraged ETFs long enough to sell covered calls. One should never hold leveraged ETF for a longer period because of daily re balancing.<br />But I am not advising anyone to take these trades. It is there just for general direction of the market.People read what they want to read.World of Financehttps://www.blogger.com/profile/14109552944903875871noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-77368742412136092612012-07-13T20:58:46.612-07:002012-07-13T20:58:46.612-07:00Bb thanks for the posts. I am a long time reader a...Bb thanks for the posts. I am a long time reader and have found you to be transparent with all of your moves.Mike Phttps://www.blogger.com/profile/04749814122052860517noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-16549245143792431242012-07-13T20:09:48.232-07:002012-07-13T20:09:48.232-07:00Did you not read my post of yesterday? I sold out ...Did you not read my post of yesterday? I sold out the UVXY.World of Financehttps://www.blogger.com/profile/14109552944903875871noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-65550162059456216712012-07-13T20:09:05.309-07:002012-07-13T20:09:05.309-07:00You may not be following my Blog for a long time. ...You may not be following my Blog for a long time. I have not traded anything for over a month. I trade only when I see a possible risk to reward ratio. And I am not suggesting any trade to anybody. These are my model and everyone has to trade invest according to his/her own risk tolerance level. Possibly you do not understand how a bear market correction works, which is mostly "fast and furious". I advise everyone to have their own stop loss level and I have mine. We will re-visit this issue by the 1st week of August. It will be helpful if you give your real name.World of Financehttps://www.blogger.com/profile/14109552944903875871noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-18122831023342430052012-07-13T19:48:33.329-07:002012-07-13T19:48:33.329-07:00see--you say re enters shorts ---did you sell you...see--you say re enters shorts ---did you sell your inverse positions Friday?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-72858777051043365302012-07-13T19:42:07.585-07:002012-07-13T19:42:07.585-07:00I like your blog. Please emphasize that your portf...I like your blog. Please emphasize that your portfolio is very risky (inverse funds at 3x's)!!!. You talk caution ----but come on<br />----4 suggested 3x's inverse funds? Wow---that is not caution that is insane!!!! You are either over confident or trade in and out more than your tweets suggest!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-31102657936325238212012-07-13T19:09:22.441-07:002012-07-13T19:09:22.441-07:00We are at 1356. So 1375 is not an impossible targe...We are at 1356. So 1375 is not an impossible target. But what does it matter whether spx reaches 1375 or 1380. I will re-enter short position on Tuesday and I am hoping SPX reaches as high as possible by then.World of Financehttps://www.blogger.com/profile/14109552944903875871noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-42948736386631394482012-07-13T19:07:22.414-07:002012-07-13T19:07:22.414-07:00You can not see a future move in a chart.Its inter...You can not see a future move in a chart.Its interpretation of many things.World of Financehttps://www.blogger.com/profile/14109552944903875871noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-30514914989266618602012-07-13T17:32:05.088-07:002012-07-13T17:32:05.088-07:00Do you see the 1375 area being tested again or may...Do you see the 1375 area being tested again or may even go a bit higher? Thanks!Traderhttps://www.blogger.com/profile/04378215683236676470noreply@blogger.comtag:blogger.com,1999:blog-6062751687592413583.post-22615451851251020772012-07-13T17:04:36.321-07:002012-07-13T17:04:36.321-07:00Thanks for the post! Where in the charts/BB's ...Thanks for the post! Where in the charts/BB's can see a move to 1200? Just trying to learn! Love the blogrippy41https://www.blogger.com/profile/10442769446676425683noreply@blogger.com