Thursday night I posted this chart suggesting that I would buy
Friday's weakness following the Employment report.
In fact, Friday I posted my intentions, in real-time, of buying after
a drop of 1/2 an Interval and one full Interval.
This led to an average buying price of SP 673 with a stop at 665.
I would look into taking profits at SP 740-745 or as high as
SP 780. More on this later
5 comments:
Yet again, awesome job calling this bottom, Will. Congratulations, and good luck!
Looks like not much upside left. I'm long but loosing in this bottom catching game. Please advise when you exit. Thanks for the helpful posts.
One thing to suggest buy weakness for expected rally another to position yourself on really buying the market. You would have posted your long entry if you really went long. Later
@ anonymous 9:09,
I don't really care, we use Will's blog for our own benefit, he is kind enough to let us share his thoughts with us for free. No one got this bottom to the day and with the big moves down that was costly. If you have followed this blog Will has been the best forecaster out there. No one can time the markets 100%.
Enjoy the community; if you know the bottom or next top, let us know!
SS
Anonymous,
At the risk of insulting your genius, did it ever occur to you that:
1) I almost never post what I do.
2) Friday's weakness provided plenty of opportunity to use your imagination and could had bought anything you wanted.
The entry level is just a guide for timing.
3)Since you know it all, you must know that I bought ERX (and how much of it).
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