tag:blogger.com,1999:blog-9226230.post6197290633656274913..comments2023-10-20T05:43:46.254-07:00Comments on All Allan: On being preparedUnknownnoreply@blogger.comBlogger21125tag:blogger.com,1999:blog-9226230.post-25580852727718716202009-02-09T19:39:00.000-07:002009-02-09T19:39:00.000-07:00@anar, it is the double and triple beta ETFs that ...@anar, it is the double and triple beta ETFs that don't perform uniformly in both directions. If you want to go inverse with ETFs then stick with 1x versions like QID. I personally alternate between SH and SPY.<BR/><BR/>If you want more than 1x leverage then you should step up to options or futures. Futures have 8-9x leverage so you need to be careful with them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-80811133076304385282009-02-09T18:59:00.000-07:002009-02-09T18:59:00.000-07:00I have no idea what you are referring to and I hav...I have no idea what you are referring to and I have never deleted a post, ever.Ahttps://www.blogger.com/profile/04435140994142833427noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-18967390927370856602009-02-09T18:36:00.000-07:002009-02-09T18:36:00.000-07:00So why'd you delete the post about you pumping a p...So why'd you delete the post about you pumping a pinky that released news that is without substance?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-14996405774647406122009-02-09T16:50:00.000-07:002009-02-09T16:50:00.000-07:00You know what the market is telling me? That cash...You know what the market is telling me? That cash has outperformed stocks for the past 13 years. That means Prechter has outperformed the perma-bulls for the past 13 years. Get over it, I've seen many a fine market analyst melt down attacking Prechter, resorting to lies and vicious bigotry as though that somehow makes them right and Prechter wrong. Facts are facts, face and deal with them or you will never be successful in navigating the markets.Ahttps://www.blogger.com/profile/04435140994142833427noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-58087572199802181122009-02-09T14:47:00.000-07:002009-02-09T14:47:00.000-07:00Allan - take a look at IYF and tell me that's a ch...Allan - take a look at IYF and tell me that's a chart that doesn't want to go up. Forget your preconceived notions and biases that come from ill-informed financial writers. Forget EW and Prechter that has been calling for a cataclysmic crash for the past 20years. What is the MARKET telling us?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-5059647683910921262009-02-09T13:57:00.000-07:002009-02-09T13:57:00.000-07:00well I'm back into QID near today's low, after the...well I'm back into QID near today's low, after the SP500 turned back just a couple of points shy of the 100% Fibonacci retracement. If the rally holds tomorrow I'll be looking to add QID around SP of 890. If SP goes beyond 920 or so then I'll just take my QID loss and wait for the market to assert itself one way or the other.<BR/><BR/>WayneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-6654898162770777882009-02-09T11:34:00.000-07:002009-02-09T11:34:00.000-07:00I just have to say, beware of those who sell a sto...I just have to say, beware of those who sell a stock picking service and then proceed to twitter the pick that worked the next day, ignoring of course all of the vast majority that failed. They use youtube to post videos of 'how I called the bottom' in November when in fact there were many more videos, unpublished that said the opposite. I know, I lost my ass with 20 buys or shorts that failed in the last two months, especially the shorts like SKF and FAZ , the dangers of which he had no clue about....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-6018432632324191562009-02-09T11:03:00.000-07:002009-02-09T11:03:00.000-07:00Just checking your blog after posting on Apple for...Just checking your blog after posting on Apple forum. Trouble with EWT is that if you put two elliotticians in a room (heck you and me), there would be at least three interpretations. According to my T/A, an upside break of your wedge is more probable, and if so your EW count is flat out wrong.<BR/><BR/>P.S. Change your bio. from "than" to "then".<BR/><BR/>Cheers!<BR/><BR/>-cramarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-53328640521546375232009-02-09T09:39:00.000-07:002009-02-09T09:39:00.000-07:00Re: NNVC This is blockbuster news that as of no...Re: NNVC <BR/><BR/>This is blockbuster news that as of now is being incredulously overlooked by the market. They have confirmed a pending deal with an unnamed major pharmaceutical company. We will look back at today as the first step toward recognition of their remarkable therapeutical discovery and it's application across a broad spectrum of viral diseases. I cannot be more excited for the company and its shareholders.Ahttps://www.blogger.com/profile/04435140994142833427noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-50544192115287566312009-02-09T09:24:00.000-07:002009-02-09T09:24:00.000-07:00Allan, any thoughts on todays PR from NNVC.....it ...Allan, any thoughts on todays PR from NNVC.....it looks like they are getting ready to receive some good news like FUNDING!! jmoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-24453620248531719662009-02-08T21:41:00.000-07:002009-02-08T21:41:00.000-07:00Do others here stay away from Inverse ETFs? They h...Do others here stay away from Inverse ETFs? They have been very, very bad at working the way they theoretically should....<BR/><BR/>UYG (ProShare 2X Financials BULL) 2008 Return = -83%<BR/><BR/>SKF (ProShares 2X Financials BEAR)<BR/>2008 Return = +5%<BR/><BR/>FAS (3X Financial Bull)<BR/>2008 Return = -54%<BR/><BR/>FAZ (3X Financial Bear)<BR/>2008 Return = -40%<BR/><BR/>WTF (I know SKF was halted, but still...)?<BR/><BR/>soo those who believe another leg down is coming, any favorite alternatives?Anarhttps://www.blogger.com/profile/03846519340080245125noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-29996895837681238982009-02-08T18:41:00.000-07:002009-02-08T18:41:00.000-07:00Allan, on what website can I find the False Bar St...Allan, on what website can I find the False Bar Stochastic indicator, thanks ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-24718255261008431402009-02-08T18:16:00.000-07:002009-02-08T18:16:00.000-07:00"I think it's likely we will begin wave 3 of 5 tom..."I think it's likely we will begin wave 3 of 5 tomorrow or on Tuesday."<BR/><BR/>As much as I wish it'd just get over with, I wouldn't be surprised to see one more day of upside. Anyone late to the party will have looked at the market over the weekend and may decide to buy. Geithner also pushed his unveiling out until Tuesday.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-26692603010252556832009-02-08T18:11:00.000-07:002009-02-08T18:11:00.000-07:00Allan:I read your recent posts and all the comment...Allan:<BR/><BR/>I read your recent posts and all the comments with a big grin. Those of us that have been at this for some time know to trust our charts and ignore all the noise.<BR/><BR/>The most encouraging thing about the comments is that when the ankle biters start coming out in force like this you know the move is coming sooner than later.<BR/><BR/>All the best to you and your family. <BR/><BR/>BruceLasertraderhttps://www.blogger.com/profile/09851172376651193676noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-2131577656551735072009-02-08T15:39:00.000-07:002009-02-08T15:39:00.000-07:00That last comment was great. Right on the money. M...That last comment was great. Right on the money. <BR/><BR/>Myself, I see resistance at 886 c = a of (2) of 5. Then 889/ 896, which is the 61.8%/ 66.6% retracement of (1) of 5.<BR/><BR/>Looking at that wedge or triangle that could be taking shape on the 120 minute chart, resistance is just below 900.<BR/><BR/>Thus, STRONG resistance starts at 886 to just below 900. I'll look to sell SPX there. <BR/><BR/>If SPX gets much above 900, people will see a head and shoulders bottom and it would be dangerous to stay short if SPX starts to get into the 920 area. <BR/><BR/>It is best to play this market from the short side in the 886 to <900 area, anticipating the downtrend is about to resume. <BR/><BR/>What really may sink this market in the long run is what we learned in Econ 101 -- the crowding out effect. It may be starting to occur now. <BR/>AlexAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-32291153463068874502009-02-08T15:04:00.000-07:002009-02-08T15:04:00.000-07:00Hi Allan,I'm with you on this one. There's no oth...Hi Allan,<BR/><BR/>I'm with you on this one. There's no other way I can see to read this chart that to expect one more significant move down, which will very likely take out the November lows.<BR/><BR/>The tough part of this call is the timing. 5th waves begin after 4th waves. And there's the rub, trying to figure out whether the 4th wave has ended. 4th waves are usually the most difficult to figure out because they often play out in complex corrective patterns whose EW counts are ambiguous until it's obvious that the 5th wave is well underway.<BR/><BR/>That being said, I would give at least even odds that the 5th wave down began on Jan 6 and we are very close to completing wave 2 of 5. I think it's likely we will begin wave 3 of 5 tomorrow or on Tuesday. <BR/><BR/>Good luck!pimaCanyonhttps://www.blogger.com/profile/09477196225992507658noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-12698832084750596552009-02-08T14:39:00.000-07:002009-02-08T14:39:00.000-07:00Not much love from the other Mr. Anonymous. Might...Not much love from the other Mr. Anonymous. <BR/><BR/>Might I say that the pros will be fading most rallies in a bear market...not buying them. Want to get savaged...buy this market before it proves itself. That includes Mr. Big Talk, Warren Buffett. Warren uses other people's money. Life, and tough calls, are a lot easier when your own cojones are not on the line.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-27944919549830957892009-02-08T10:33:00.000-07:002009-02-08T10:33:00.000-07:00Allan:1)If you are not long by now, you are a gone...Allan:<BR/><BR/>1)If you are not long by now, you are a goner.<BR/><BR/>Say gooodbye to your investment cash<BR/>and go to nursing school. They are hiring out of there rapidly. <BR/><BR/>2) Dump NNVC at 70 or better. By the end of the second quarter it will be at 7 cents.<BR/><BR/>3- GFRE and ACTC may be much better picks.<BR/><BR/>Conrad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-65886900922393083402009-02-08T07:41:00.000-07:002009-02-08T07:41:00.000-07:00Allan,I think your site is great. I have been tra...Allan,<BR/>I think your site is great. I have been trading for more than five years and have tried many financial websites and trading software, and after thousands of hours of research and training, You by far have it right. Your chart posting is spot on. We are in a wedge with false up and down moves, and when we break from the triangle a lot of people are going to get taken out of the market. It's simple, a break above 900 means an uptrend is in place, break of lower triangle then we go to 600. Thanks for your hard work, keep postin!Anonymoushttps://www.blogger.com/profile/01434913573310534480noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-70574690788178248792009-02-07T21:29:00.000-07:002009-02-07T21:29:00.000-07:00Allan, if a big down day/week/month is coming, whe...Allan, if a big down day/week/month is coming, where do you think it would be safe to stay long? Can financials such as C and BAC eat it further than their recent lows, particularly given that the FED is committed to making sure they survive? I can see how GS and JPM might have a lot of downside, since they haven't been punished as much as C and BAC. And what about pinkies? small caps? Will they also be punished along with the broader market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-47186176554137346202009-02-07T21:25:00.000-07:002009-02-07T21:25:00.000-07:00I might be inclined to take you more seriously if ...I might be inclined to take you more seriously if you had 50 billion in cash like some other fellow who thinks its a good time to go long NOW.Anonymousnoreply@blogger.com