BW went long this morning at 893 and held long all day, capturing 17 S&P points. The reversal Short level for tomorrow is 896.95.
The above Weekly chart remains in a 4th Wave correction and will confirm the beginning of the 5th wave down at 839.67 basis BW, but I hope to get short a lot earlier on a shorter-term model.
I posted this trade on Twitter (allanpharris) this morning, long TBT which is an leveraged ETF way of shorting bonds:
A
14 comments:
on your twitter...big deal. you put any post out about your moves and so long as the story makes sense, sheeple will follow. try making a move silently and then let us know how you did in 1 weeks time. Probably dont get the s ame results.
Anon, sorry but I ain't believin' that Alan's trying to make "sheeple money" on something like TBT, at >50 per stub and over $300MM exchanging hands today.
I'm guessing if he reports post-partum results you'll then complain he engineered those results too.
Some people just can't be pleased...
Wayne
Baaa-aaa says the sheeple who doesn't think he's a sheep.
So I guess another week possibly of bullish bs.
Gosh, turn off moderation, and here they come crawling out of the woodwork!
Thank you, Allan. I appreciate it.
Allan,
I'm new one at your blog, recently visited when you posted about big storm coming up. As I see, you use EW principles. And your count is wave 5 for the next big move. So my question is: is that wave 5 is part of Primary 1 wave down? Or you look for full impulsive wave (C) to complete all this correction from 2007?
Scout, The logical implication of the 5th Wave count is that it is either the complete Wave C or only a larger Wave 1 down. Which one it is doesn't concern me now, since I am really just trying to identify the next major tradable move. For all intents and purposes, it remains a huge wave down that will need your labeling eventually, but not until a significant new low is in place.
Here comes the moderation again, cause some jack-hold doesn't get the concept of open discussion. No one posting here is forcing you to buy a thing, nor are they exciting speculation. You want to buy it, buy it. It's a discussion, not a sheep following sheep ordeal, really, how corny of you. Maybe you (Anon, who can't even post an imaginary name) should read some of the other blog topics where the point is to educate the reader - not plug a stock - all based around the S&P, an index where speculation doesn't do much of anything.
As for the comment on TBT, my personal brokers been plugging that for months now, so it's an industry wide trend, not just Allan trying to create speculation. If you believe Allan has that kind of power, then you should buy everything he mentions or you're an unwise investor. If he really had that kind of weight, we should all be so lucky to be sheep and make money when he calls it out. However, we are not sheep. You're just some dude who's mad he's broke, doesn't understand the discussion and too closed-minded to do anything about it. Keep fighting the system buddy, it put your sorry rear where it is. You're doing great too.
Really, anyone who's been reading this blog for over two months understands it's for education and advise, none of which you have to participate in or accept as being the end all be all of investing and trading.
People who make comments like you make me happy that there is still someone out there who ultimately ends up a burger flipper - someones gotta flip my burger after all. Medium rare, and the more spit in it the better.
For you, it will be some nice butt-cheek sweat ala "Road Trip". And I do everything allan says/implies to do; aka, FAZ and NNVC. Both have been dogs...and not the hot kind that I like. I don't mention the ones I made moola bucks on. That would make my rants utterly boring.
Butt-cheek sweat was a hilarious scene, so you're obvisouly a younger dude who's antsy with his cash.
How would your "moola bucks" trades make your rants more boring then they already are? They'd at least provide some kind of support because as for now, you're just some mad dude who's doing nothing but spinning his tires. I find your insecurity to post your 'success' as well as lack of foresight for NNVC or FAZ, or whatever else you picked up on to be quite humoring. You're not the first to call people who read this blog 'sheep', you won't be the last either. Question is, can you hang with the 'sheep'? Or are you just a sheep in your own right, one of the non discussion posers who think they know it all but never shed any insight?
Baaaaaaaa
"And I do everything allan says/implies to do; aka, FAZ and NNVC."
So wait, you are a sheep?
i agree with eric, please dont't put a blame to other shoulder, it's your money , so it's your responsibility to take care of it, not just following others, do your homework,just grow up,if you didn't like this site, please leave. allan share his knowledge, so what do you share with us? i'm tired with someone like u,just go to yahoo message board, that's the right place for someone like u. thanks
I am proud to say that I am a sheep. And since I am, I feel I have warrant to complain when led astray. Baaaaaaa baaaaaaa baaaaaaa!!
You should want to kick your own arse for being led astray. A warrant to complain? Back to flipping burgers for you!
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