RE: timing No, what I said in advance was that Dec 27 looked like a top, and specified that a decline was to start on the 28th. I never said it would be done by Jan 6-9. What I said was this date could be a bottom on the way down with the whole process taking longer.
Dec 27th was a top, and it did drop hard on the 28th. My cycle work was correct in forecasting weakness on that date. However, it was just a false start in the bigger play. No problem. Traders who locked in profits on the 28th made a nice trade, and if not, S&P closed today 8 points higher than Dec 27th. Big deal.
I was early, and you were even earlier in looking for a top in December. These are your comments from HVU board:
Dec 20th
"I bought a small starting position here today under $21. Will be adding here the rest of the week. Will be larger positions if this goes below $20. Believe this will reward come January."
Dec 22nd
"Bought another position at the close in the 17's which brings my average to just under $19. I hope that this will go lower so I can buy more. I would buy huge around $15. January will be ugly."
So here you are calling me out when your own calls weren't so hot and, in fact, were even earlier.
This is too funny lol!!!
Sometimes I get the tops and bottoms just right. Other times I am early, but all that is really important is that the real money is to be made in between the top and the bottom. Yes, I could be "right" all the time by saying nothing or hedging everything I say, but all that is important is making money.
Here's a little tip that could help you with your losing position:
Mkt should decline into the middle of next week Jan 11 or 12th.
SC