Financial topics

[Higgenbotham]

Covered short position and flat.

I've acknowledged and continue to acknowledge that the market could crash. However, to go short again, from a tactical standpoint, I would rather see a challenge of yesterday's high or thereabouts.

Also, since this is a holiday week, it would not be unusual to see the market flop around in here for a few days, even having a nice rally early next week if there is no bad news over the holiday weekend.

[aeden]

Covered short position and flat.

I've acknowledged and continue to acknowledge that the market could crash. However, to go short again, from a tactical standpoint, I would rather see a challenge of yesterday's high or thereabouts.

Also, since this is a holiday week, it would not be unusual to see the market flop around in here for a few days, even having a nice rally early next week if there is no bad news over the holiday weekend.

agree
As suggested the affairs took longer than we garnered.

"In the case of South Korea, this is absolutely a home run,"
Few remember what was written to the effects.

We have been asking The Senate for longer term solution's. Not going to happen is it.....July 8, 2008
I contacted our State Senate which effected 12,000 jobs then.
She was prompt and forward with the discussion. Nobody had a clue to this day since the Koreans were flooding the market as She noted back.
Then letter was in context to dumping. I was clear and concise on that date and the product dumped.

As discussed and closed one third of short.

Keep the Faith.

[Higgenbotham]

I watched a CNBC interview with Mr. Lutz, formerly of GM.

https://www.youtube.com/watch?v=DOYUDBzS1O0

It's incredible that people can be as ignorant as he describes. Given that, this country is in a lot more trouble than the ignorant know or care to understand.

[aeden]

https://www.youtube.com/watch?v=BRi-Uou ... 1522268588 <---- ;->

[Higgenbotham]

The following was posted March 13 at the most recent high:

> I just got an email from someone who runs a stock market advisory
> service (makes recommendations to clients on whether to buy or
> short the stock market). The email said he is long now, but
> wanted to know if the market crashes when it would make a low.

> I think everyone can draw the appropriate conclusions.

Tell him 85 days, 9 hours, 43 minutes, 28 seconds later. Guaranteed.

I did give him a day, but that's only based on his (and it seems like everyone else's belief that this might be "like" 1929 or 1987). And that was after telling him multiple times that it's not. So it isn't going to crash in the same way and there is no reasonable estimate of a date for a low. This is like 1929, 1930, and 1937 all rolled into one. Interest rates have been at "depression-era" levels for 9 years, so it can't be like 1929 and certainly not 1987. But everyone who makes a comparison keeps telling me it's like 1929 and 1987. It's not.

This is what I told him on March 13:

It could be about 10-11 trading days, so probably March 28 or 29. When I say "could" those were the number of down days from the secondary highs. The other way to look at it is I think Gann discussed ~56 calendar days from the top with days 49-55 being the panic phase. That would mean the panic phase begins Monday and could wind up as early as March 26. The other way to time it would be a couple days before the next full moon (possibly) or on the full moon, which would put it at March 28-30.

I've decided to take my own advice and get out of all shorts, wire out, and wait for the next opportunity. Final decision. From the top, I made 280 S&P points on a 10 lot basis.

[Higgenbotham]

Covered short position and flat.

I've acknowledged and continue to acknowledge that the market could crash. However, to go short again, from a tactical standpoint, I would rather see a challenge of yesterday's high or thereabouts.

Also, since this is a holiday week, it would not be unusual to see the market flop around in here for a few days, even having a nice rally early next week if there is no bad news over the holiday weekend.

agree

As suggested the affairs took longer than we garnered.

As discussed and closed one third of short.

Keep the Faith.

Surely I have to consider that, while my timing was pretty much spot on multiple times, my early January prediction about the magnitude of the decline was dismal. Given that, I feel it's time to shut down and be open to the idea of revisiting 2800 or even a new high, or both at different times.

[aeden]

I think it wise to wait next week. The mid week regression profile we just utilized was compiled for that window H.
Thu May 29, 2014 11:40 am was the inception date for that window alone. As you understand H be patient and your skill sets are
striking with the dialog and pattern recon surveyed here. If they think your a lunatic making a call just means three things for them, not you.

Also the Hunter Seeker aspect never ends with prolific evil and the DOJ with the Office knows the condition we are up against.
To much and to many for now as we play catch up. We posted the air log and who was on it here. The gardening may or may not pick up
since truly for democrats or republicans know to little.

https://www.zerohedge.com/news/2018-03- ... rafficking

The dictatorship always separate children from their parents.
The hour darkens. <---- ;->

[Higgenbotham]

https://youtu.be/sxWpvgTH9oI?t=700

"As a venture capitalist, the majority of money I give to companies is going to landlords. It is going to commercial real estate and even more to urban slumlords."

[John]

> I've decided to take my own advice and get out of all shorts, wire
> out, and wait for the next opportunity. Final decision. From the
> top, I made 280 S&P points on a 10 lot basis.

I've always thought that some day traders actually have a form
of gambling addiction. Are you suffering any withdrawal symptoms?

[Higgenbotham]

> I've decided to take my own advice and get out of all shorts, wire
> out, and wait for the next opportunity. Final decision. From the
> top, I made 280 S&P points on a 10 lot basis.

I've always thought that some day traders actually have a form
of gambling addiction. Are you suffering any withdrawal symptoms?

My addiction (as anyone can see from reading this forum) is an irrational belief that the stock market is too high, as well as an outsized view as to how much it should go down. That can lead to taking short positions that are too large and taking them too early.

That is why I wire most or all of the money out of my account when I make the rational calculation that it is time to exit a short position. I don't wire a large block back in until I make the similar rational calculation that the market is too high.

Once I wire the money out, I suppose it is like a gambler taking a flight out of Vegas (though I have never been to Vegas). I am out of Vegas and my life returns to normal.

Any trader who does not realize they are gambling does not have a clear picture of what they are doing. Though if they are highly skilled, the odds are skewed somewhat in their favor. A successful trader must be obsessed with the market to be successful, which is almost like saying it is required to engage in addictive behavior to make money.

I think the statistics show that 1 trader in 160 can consistently beat the market. Reading the foregoing would make one understand why that is true.