I posted this in comments below but for those who missed my posts , I am putting it here.br /br /—————————br /br /Sheeplie is now close to get break even for the year as SP500 is now near where it was in Jan 2009 but interestingly in the last two days, all you heard was new bull market and how Atilla was wrong about SPX 850 being top… If you need a sentiment gauge right here, think about this: While Atilla was shorting their ass from 1500 to 670, it wasn’t looking as exciting as it is now, however Sheeplie is now on the new bull bus dreaming he can get even… wouln’t you say so Sheeplie?br /br /By the way, I do not mean to insult bulls or bullish investors / traders or a group of traders with specific market outlook by “Sheeplie”. Sheeplie are those that suffer from myopic syndromes in finance. Those that got raped numerous times brutally in the stock market and now think it is all different game and rules. Sheeplie is the one that can not recognize his place in the game despite countless lessons given. br /br /br /Atilla may be down for the trade at this moment but it is going to take Sheeplie more than 35 handles to get even with Atilla if this is what Sheeplie desires…That is, about 900 SP points from 670 to 1570… br /br /Atilla wants to remind Sheeplie one thing: In the last two years Atilla made many intermediate term trades publicly that he initially took 50 handle drawdown to book 100-300 handles profit from each later. Then the question Sheeplie needs an answer for: Is this going to be different? br /br /Atilla says: Unlikely but if it is, Atilla assures Sheeplie that he will let Sheeplie know that for the first time in this bear market, Atilla lost it. br /br /Other thing Atilla want’s to remind Sheeplie about is the fact that Atilla a href=”http://xtrends.blogspot.com/2009/03/covered-sp-and-es-below-670.html”covered his short positions at 670/a. That is the bottom tick of this bear market so far.br /br /Although Atilla stayed bearish all along, he traded according to what he saw as always. When Sheeplie gets emotional and claims otherwise, xTrenders know the fact that Atilla a href=”http://xtrends.blogspot.com/2009/04/covered-es-and-sp-780.html”closed his early shorts from 750 at 780./a Then a href=”http://xtrends.blogspot.com/2009/04/fully-short-sp-and-es-from-840.html”shorted at 840/a to a href=”http://xtrends.blogspot.com/2009/04/covered-remaining-50-es-sp-811.html”cover at 811/a. He then a href=”http://xtrends.blogspot.com/2009/04/long-es-803.html”went long at 800/a, and a href=”http://xtrends.blogspot.com/2009/04/closed-es-8235.html”sold at 825/a. Atilla has been shorting since 850 and trying to micromanage. br /br /People should always remember that no one can be right 100% of the time. No matter how good or bad, Market hits everyone without exception. It is inevitable and unpreventable. What is important is, a mistake must be recognized before it is too late. Within the time frames and price levels Atilla trades, he thinks market proved nothing since SPX 850. For the change in the picture to happen, key indices must take out some key levels within certain time frames. This is yet to happen.div class=”blogger-post-footer”img width=’1′ height=’1′ src=’http://res1.blogblog.com/tracker/2192317321691025209-3137846766699265244?l=xtrends.blogspot.com’//div
