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      03-01-2016, 12:41 PM   #3697
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Originally Posted by mact3333 View Post
Been calling for 1950-70 for 2 weeks now and we just got it, we shall be heading down next week..on our way to making those new lows...dont assume what I will be making and not making, all you need to know is that most of my calls have been dead on....if you think this is easy, just make the calls ahead of time like I do..
We should probably lock/close this thread with a disclaimer for anyone who stumbles into it to not take mact3333's advice. Stocks up 300 points today.
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      03-03-2016, 06:05 PM   #3698
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Originally Posted by e90m305 View Post
We should probably lock/close this thread with a disclaimer for anyone who stumbles into it to not take mact3333's advice. Stocks up 300 points today.
He seems to know what he's looking at, at least much more than most, but still calling highs and lows repeatedly is impossible and he continues to claim to be able to. Take his advice with a grain of salt as you would anybody else.
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      03-03-2016, 07:02 PM   #3699
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Originally Posted by ScarecrowBoat View Post
He seems to know what he's looking at, at least much more than most, but still calling highs and lows repeatedly is impossible and he continues to claim to be able to. Take his advice with a grain of salt as you would anybody else.
He definitely knows what he is talking about and has experience in the industry but he's over confident with his calls.
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      03-08-2016, 10:36 PM   #3700
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but I will be the first to admit I am wrong
you guys notice how he completely disappears when he is wrong
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      03-09-2016, 01:44 AM   #3701
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lol...I noticed you guys disappeared when I was right too....

Timing wasn't right but in the end the mkt will fix it for me...I will be off by a week most likely...is that really a big deal in the big scheme of things.?..,.if you think so you are trading very short term....getting worked up for a 30pt SPX day?...really?...

I will do roll call in 2 weeks ok...I tell you what, if we make new all time highs before we hit 1700's on SPX I will never post on this thread ever again and we can close it down ok?...thats a promise....

But if we close into the 1700's within the month(I will guess 2-3 weeks from now), you guys either leave or stfu for at least a week ok?....

And yes I still think we see 1200 SPX a year from now...might be a bold statement but at least I will take a stand and make some calls based on my own charts and theories rather than spew empty criticisms(still not a single call).

See you guys in 2 weeks.
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      03-09-2016, 11:48 AM   #3702
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To ease the tension here

Is anyone trading oil? I did mention oil price to go back around $40 p/b after hitting $20s

Ride the uwti train it should go to mid $40s and then might see a drop back to 30s 2nd to 3rd quarter...then it will go up up up
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      03-09-2016, 11:58 AM   #3703
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Originally Posted by mact3333 View Post

And yes I still think we see 1200 SPX a year from now...might be a bold statement but at least I will take a stand and make some calls based on my own charts and theories rather than spew empty criticisms(still not a single call).
What is your rationale behind that feeling? Just wondering. I agree the bull market is aging quite a bit and stocks are expensive, but that's a -40% swing, which seems to reflect a bonafide recession. Recessions are most often caused by unemployment, and that's looking pretty darn good right now in the U.S. Just curious about the reasons for your convictions. Thanks.
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      03-09-2016, 01:25 PM   #3704
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Originally Posted by tc328 View Post
To ease the tension here

Is anyone trading oil? I did mention oil price to go back around $40 p/b after hitting $20s

Ride the uwti train it should go to mid $40s and then might see a drop back to 30s 2nd to 3rd quarter...then it will go up up up
Ive had USO, UWTI, and COP for a few weeks now. Up about 30%
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      03-09-2016, 05:57 PM   #3705
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Quote:
Originally Posted by -BEASTMW-
Quote:
Originally Posted by mact3333 View Post

And yes I still think we see 1200 SPX a year from now...might be a bold statement but at least I will take a stand and make some calls based on my own charts and theories rather than spew empty criticisms(still not a single call).
What is your rationale behind that feeling? Just wondering. I agree the bull market is aging quite a bit and stocks are expensive, but that's a -40% swing, which seems to reflect a bonafide recession. Recessions are most often caused by unemployment, and that's looking pretty darn good right now in the U.S. Just curious about the reasons for your convictions. Thanks.
Have you checked the labor participation rate recently and/or the quality of the "new" jobs (FT vs PT)?
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      03-09-2016, 06:27 PM   #3706
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Originally Posted by qba335i View Post
Have you checked the labor participation rate recently and/or the quality of the "new" jobs (FT vs PT)?
I agree it's far from ideal, but still a steady recovery. The economy isn't great, but it's alright and moving in the right direction.
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      03-11-2016, 01:47 PM   #3707
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Quote:
Originally Posted by EstorilM
Quote:
Originally Posted by tc328 View Post
To ease the tension here

Is anyone trading oil? I did mention oil price to go back around $40 p/b after hitting $20s

Ride the uwti train it should go to mid $40s and then might see a drop back to 30s 2nd to 3rd quarter...then it will go up up up
Ive had USO, UWTI, and COP for a few weeks now. Up about 30%
I heard UWTI is having a reverse split next monday

Not that it changes anything but incase you saw prices jump to $20s and thought you made a $million
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      03-11-2016, 01:54 PM   #3708
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Quote:
Originally Posted by tc328 View Post
I heard UWTI is having a reverse split next monday

Not that it changes anything but incase you saw prices jump to $20s and thought you made a $million
Good to know. That would have been a letdown lol
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      03-11-2016, 02:31 PM   #3709
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Quote:
Originally Posted by mact3333 View Post
Timing wasn't right but in the end the mkt will fix it for me...I will be off by a week most likely...is that really a big deal in the big scheme of things.?..,.if you think so you are trading very short term....getting worked up for a 30pt SPX day?...really?...
You were wrong the first time and now you say you were just off a week. Looks like you are going to be wrong again. It's up 200 points today alone.

If you keep saying things are going to go down, you'll eventually be right. You are like my hedge fund friends. Very pessimistic and always looking at things in a very bias way as if they are going to go down and crash and burn. Eventually you'll be right, but hopefully this humbles you a bit because you were dead wrong on your calls. The market has a way of humbling people. I'm certainly no expert on it, but I just made the exact opposite call from you to prove a point and I turned out to be right.
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      03-11-2016, 04:45 PM   #3710
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Quote:
Originally Posted by mact3333 View Post
lol...I noticed you guys disappeared when I was right too....

Timing wasn't right but in the end the mkt will fix it for me...I will be off by a week most likely...is that really a big deal in the big scheme of things.?..,.if you think so you are trading very short term....getting worked up for a 30pt SPX day?...really?...

I will do roll call in 2 weeks ok...I tell you what, if we make new all time highs before we hit 1700's on SPX I will never post on this thread ever again and we can close it down ok?...thats a promise....

But if we close into the 1700's within the month(I will guess 2-3 weeks from now), you guys either leave or stfu for at least a week ok?....

And yes I still think we see 1200 SPX a year from now...might be a bold statement but at least I will take a stand and make some calls based on my own charts and theories rather than spew empty criticisms(still not a single call).

See you guys in 2 weeks.
tagged...........see you then
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      03-14-2016, 08:59 AM   #3711
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Quote:
Originally Posted by EstorilM
Quote:
Originally Posted by tc328 View Post
I heard UWTI is having a reverse split next monday

Not that it changes anything but incase you saw prices jump to $20s and thought you made a $million
Good to know. That would have been a letdown lol
Gold!!!!
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      03-17-2016, 01:10 PM   #3712
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Quote:
Originally Posted by mact3333 View Post
Timing wasn't right but in the end the mkt will fix it for me...I will be off by a week most likely...is that really a big deal in the big scheme of things.?..,.if you think so you are trading very short term....getting worked up for a 30pt SPX day?...really?...
Do you want to concede defeat now? The market is up another 100+ points today. At this rate there is no way your call can even come close, and as a matter of fact the exact opposite has happened from what you predicted. Not only were you wrong/off, but you were so far off it's not even funny. The exact opposite of what you said would happen, happened.

I hope you did not lose too much money on this. I have empathy.
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      03-18-2016, 10:40 AM   #3713
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Dawn, why be a dick about it???
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      03-19-2016, 03:51 PM   #3714
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Dawn, why be a dick about it???
Not being a dick, just speaking directly. I said I have empathy. Dicks don't have empathy

This guy was smug early on in the thread about his predictions and it's also dangerous to give stock advice. If anyone had listened to him they would have lost their ass. It's dangerous.
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      03-20-2016, 07:28 PM   #3715
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I think it is highly unlikely anyone can reliably tell us when the stock market will go up or down. I don't blame the guy above. If anyone makes a prediction of up or down, some will be right and some will be wrong but no one will be right all of the time.

Maybe better luck doing a lot of research on a specific company or working for a specific company (insider trading info) but I have most of my money in index funds because after looking at the track records of managed funds and with only about 20% of them beating the market (after their expenses), even with there big budgets, looking at everything available, and hiring some of the best people, it seems really unlikely to come out ahead.
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      03-20-2016, 09:00 PM   #3716
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Originally Posted by tc328 View Post
Dawn, why be a dick about it???
Everyone is entitled to their own opinions. This is Mact's thread. If you don't like what he says, feel free to exit.
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      03-20-2016, 10:59 PM   #3717
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prepare to go short this week! Good luck.
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      03-21-2016, 10:31 AM   #3718
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Originally Posted by David70 View Post
I think it is highly unlikely anyone can reliably tell us when the stock market will go up or down. I don't blame the guy above. If anyone makes a prediction of up or down, some will be right and some will be wrong but no one will be right all of the time.

Maybe better luck doing a lot of research on a specific company or working for a specific company (insider trading info) but I have most of my money in index funds because after looking at the track records of managed funds and with only about 20% of them beating the market (after their expenses), even with there big budgets, looking at everything available, and hiring some of the best people, it seems really unlikely to come out ahead.
I'm glad to see another reasonable person in this thread. Timing the ups/downs of the market is not what will lead to long term gains....in fact, attemtping to accurately time the market often leads to losses. What drives long run performance is going to be properly allocated/diversified investments given an individuals risk tolerance. That, along with paying attention to fees.
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