iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Hate it or love it… the market now up over 1,700 points since buy signal…

IronMan 2008 Kona, Hawaii

I issued a statement last week that Thursday or late Friday would be a great opportunity to get long an “epic bounce”.  I even told you to make the trade when you’re afraid.

Thursday’s panic at the Vix disco only confirmed my strategy (that’s how you should trade- place different scenarios/biases and when you get confirmation, trade!  Even if you’re afraid, just trade because when your mind was normal a few days ago you conjured up that strategy.  Don’t use the current mental despair to nullify your game plan.)

 Since then, the Dow has charged forth over 1,700 points.  Are you kidding me?  Nope!

Congrats to those who can swing.  (Note, i just changed my headline to 1,700).

😉

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7 comments

  1. chivasontherocks

    great call Gio.

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  2. Gio

    Thanks chiva… i hope you banked with me!

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  3. Gio

    Wow… market now over 1,700 points since then. i have to change my headline. LoL.

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  4. torontotrader

    Excellent call Gio. Keep on posting Gio

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  5. Jakegint

    Chivas was long since Friday. He swung low enough over the roaring fires to have his balls roasted early, but held on to meet the 72 virgins up at the top of the other tree.

    Or something like that.

    ___________

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  6. Jakegint

    “Chiva” — I like that….

    Makes him out like some kind of Hindu god of vengence.

    No “white robes and sandals” for this mofo.

    _______

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  7. stucktrader

    great call GIO as usual. i wish i could be more active, but you know how the ‘important things’ gotta get done, and i aint waking up 3 am anymore.

    ha! my puts are still very profitable…(mind you is spent less than $100 total to begin with…) nice relief rally for the bears maybe in a couple days. there will either be a lotta hype on AAPL notebooks (and a surprise product) or a big ole dud with cheaper notebooks. Leading to a rally in tech flattening out.

    i shall be posting earnings again from time to time… or maybe over the weekend have it ready… we shall see… ‘tract’ / map stuff will be keeping me busy as it will for you.

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