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Up over 300 points?

Big Al
October 5, 2015

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Discussion
40 Comments
    Oct 05, 2015 05:36 PM

    Gary,

    What about all those retail investors you said were in the market that we’re going to get slaughtered.

    Again you were wrong.

      Oct 05, 2015 05:46 PM

      Can we PLEASE stop gigging these commentators just because they miss a prediction? They DON”T have crystal balls, and they cannot predict the future. Quit pretending like they should be able to. Anything they say here is an OPINION, and you can choose to either accept it or reject it. But PLEASE stop belittling them if things don’t go exactly as they say they might. It is just plain infantile.

        Oct 05, 2015 05:51 PM

        +2

          Oct 05, 2015 05:03 PM

          +33

            Oct 05, 2015 05:22 PM

            +44. and about and silver too.

            Oct 05, 2015 05:04 PM

            + me…how much did we pay for their opinion? $0 and often we get much more than that in return. I’ve read your past posts JTL and you’re pretty bright. Look to see what happens after markets reach all time highs, Either more qe as soon as it falters ( also Gary’s prediction) or we come down. We should take exception to irregularities caused by big bank activity…I think that’s all it is.

            Oct 06, 2015 06:07 AM

            + 666

            owners & operators:
            so you don’t want to moderate useless and frivolous comments?
            FINE
            does this software support a “flag” feature?
            if so, I suggest enabling it, and when a comment is flagged a dozen times, it drops out of sight.
            over?

          Oct 06, 2015 06:25 AM

          GARY LOOKS LIKE A HERO TODAY………TUES METALS UP………..

        Oct 05, 2015 05:53 PM

        +1

      Oct 05, 2015 05:11 PM

      JAMES “THE LESSER” (of two evils)

      The fact that you have chosen the name “the lesser” seems to imply that you are not “the greater” or “the greatest” thing since sliced bread. Like you (and the rest of us on this board), Gary is not perfect. You may not agree with everything that he says, but then again, not everyone agrees with everything that you or I say as well. Is that not why this forum is so enjoyable? That said, this is not an “I know all things” blog. If that were the case, then we are ALL in the wrong place. Let’s be nice!

      Cheers.

      Oct 05, 2015 05:23 PM

      Nope I was exactly right. In fact I couldn’t have nailed it any better.

      I said the Nasdaq would rally to 5130 and would top catching all the retail traders long at the top. Then the market would suffer a significant intermediate correction before it had any chance of breaking out. I even said there would be a crash because the Fed was artificially propping up the market.

      I even warned traders not to short the market until the S&P at least moved below Tuesday’s low because there is always risk that the fed would abort the rest of the 7 year cycle low. They have a printing press after all.

      You’re going to have to do better than that. No one has called the stock market better than me, and our returns in the stock portfolio attest to that. If you want to try to find fault somewhere you definitely don’t want to challenge me on my stock market calls. They have been perfection.

        Oct 05, 2015 05:12 PM

        +1
        A few here can’t tell a good call from a bad one because they don’t understand what’s being said and are probably too proud to admit it. I’ve noticed that many times.

        DC
        Oct 05, 2015 05:11 PM

        +2 Yes! : )

      DC
      Oct 05, 2015 05:09 PM

      I’m in, too. Totally sick of the arrogant displays that carry an obvious joy at being able to skewer someone who, in this case, is right on the money far more often than not. And, yes, as ProudCanuck said, how much are we paying for these professional experts to take their time to try and help us???

      A personal “thank you” to Al, Cory, Gary, Doc, Chris, Rick, et al, for your continued VERY FINE EFFORTS!

    Oct 05, 2015 05:42 PM

    I am with Gary…….

      Oct 06, 2015 06:26 AM

      GARY GOOD CALL……….DOC , RICK AND CHRIS…….egg on the face tues,

    Oct 05, 2015 05:45 PM

    ETF…..COMMENT good one CORY.

    Oct 05, 2015 05:12 PM

    Thanks Gary + Doc,
    Only time will tell guys. Either way, this is a bit more positive news than we usually get. If the bull resumes by the end of the year or early next year I will be very happy.

    Oct 05, 2015 05:18 PM

    Here is a crazy prediction from Dent. Near the bottom of the correction the warnings started and the market has risen sharply:

    “This is only the beginning of what will be the biggest collapse in U.S. economic history.
    Harry warns: “We are about to see a historic drop to 6,000… and when the dust settles… it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse… gold will sink to $750 an ounce… and unemployment will skyrocket!”
    And given the uncanny accuracy of his track record, I urge you to take his newest warning seriously.”

      Oct 05, 2015 05:25 PM

      Dent is a jerk. I would say that to other person.

        Oct 05, 2015 05:25 PM

        Would not say that about other person.

    Oct 05, 2015 05:27 PM

    james the lesser-if its not constructive..then use yr energy in another way..you aren’t adding to the site..stop yr nipping..
    thanks

    Oct 05, 2015 05:00 PM

    I was always told not to buy V formations on charts.

    Oct 05, 2015 05:06 PM

    Also Gary, gold was $1920 then soon after it was $1520. Everybody was looking for w nice bull flag and a new high soon. The nearest it got was $1800 a year later and that was when the real bear market started.

    Gold looks in no-mans land for now to me though.

      Oct 05, 2015 05:09 PM

      Also, the gold:silver ratio is just in a trading range, not doing anything right now.

      Oct 05, 2015 05:27 PM

      Silver,
      Like I said, at bear market bottoms no one is going to believe until many months and many percentage points have gone by, so no of course at this stage it doesn’t look like a bull market yet. But I’m seeing some subtle changes that have me hopeful that gold has finally made the turn.

    Oct 05, 2015 05:28 PM

    Too many in the media have been calling for a bear market when it is only a regular correction.

      Oct 05, 2015 05:49 PM

      Paul, the technical failures and monthly chart MACD, STOs, etc, says this is not a regular correction. However, if the Dow can take back the megaphone resistance at 17,260 (16,550 based on monthly closes) then the bears better get nervous.
      http://schrts.co/IvZyqI

    Oct 05, 2015 05:15 PM

    Doc, spot on as usual. The weekly on PMs is going down.

    Gary, you are always really good with the conventional markets. You’ll see it coming before the crash starts. And it will.

    Cory, you are getting better at those technicals!

    James, would you like a cheese ball with that whine?

    Oct 05, 2015 05:40 PM

    Chartster,
    I’m not sure why you think the weekly charts are down. Every oscillator is pointing up???

    http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=1&mn=6&dy=0&id=p93732925906&a=426565030&listNum=1

    Oct 05, 2015 05:51 PM

    Gary,
    I see what you mean with that chart. When the red line on MACD,TRIX and PMO go flat, it usually means a directional change. Not every time, most of the time. The RSI and William%R (7) are still looking to the downside as well.

    Oct 05, 2015 05:00 PM

    I’m convinced all of commodities I follow have bottomed, except gold and oil. Maybe that’s why the CRB is so squirrelly ??

    Copper, steel, lumber, timber. Bottomed

      Oct 06, 2015 06:29 AM

      thanks for the info………………………………..ccf

    Oct 05, 2015 05:14 PM

    The loonie changes its tuney:
    http://schrts.co/ldR2ZF

    Oct 06, 2015 06:25 AM

    JTL – tell us a horse story.
    -those are usually pretty good.