Somebody has posted elsewhere that an imminent reversal is in the offing for S&P 500 based on some divergence. According to her words "that a bottom is immenent...creating a double bottom in the S&P. Talk about bullish divergence...."
Since I trade solely the S&P 500 futures, I'll keep her to her words. I, on the other hand, am pretty damn certain that this market is bound for 1275.
Well, I plan to maintain my neutrality in this latest round of SF wrestle mania. But, if you don't mind, I like to mention two things in passing.
First, by way of an analogy, just who the hell in their right mind would tell the whole world that they keep a ton of money in their house and expect their house to be safe from lurking thieves? Likewise, when you make a larger-than-life claims, be it real or not, like "I made a fortune last week (the amount that you will never obtain in ure lifetime)", you can count on others to call ure bluff as it were. And the burden of proof would fall on you to verify the same claim that you made. This can be done in various ways, but obviously posting ure trades in real time would be the most effective way to prove ure mettle. However, you should know by now that this can work both ways. Perhaps you should ask our resident psychologist about its consequence. ;^)
Second, while ure efforts to spread the wealth of trading knowledge might be laudable, making more enemies than friends in the process would only defeat the purpose of such noble aspiration. You must ask why you are doing this and for whom. That is, who is to really benefit from all this?
For a few dollars more, I would go where even the angels fear to tread. But I ain't so sure anymore. I can no longer tell who the good, the bad, and the ugly is. Well, if ure like me, just enjoy the show!
On the contrary to what was posted, I would think that if you gave trades in real time that you could have been accused of security law violation if you preceded the recommendation with trades.
I believe ure taking this way out of context. WSG simply made the post, albeit a belated one that has only further damaged his credibility, in response to Alfies challenge (or accusation depending on how you look at it). Even if WSG recommended the stock outright, I doubt anyone other than the noobs would have accepted his calls at face value, especially with such a time lag. But then again, that seems to be the norm around here.
As far as I know, SF doesn't yet support "monthly" qualifiers. But it does support a phrase like "open 1 month high", which means the opening price on the day the stock reached its 1 month high. If what ure looking for is date specific, such as January 1st or June 1st, then check out this thread: Specific Day.
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