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{ 23 comments }
tell us where you think the market is going? u mean u have no opinion?
Who would you like to see replace the Fed Chief? Constant criticism without contribution is a theme of yours, besides taking your eye off the market ball and consistently losing money.
Take a look at a WEEKLY chart of the S&P500. Market is still in bullish mode as the ascending trendline from 2007 is about to be taken out.
Can we have a vote:
(A) Those who think Chuck is a competent trader.
(B) Those who think he is not.
Please select one…
i think he has charting skills even though his timing has been very much off to say the least, for instance he spoke of his shorting apple at about 125$ and that stock went up over $200k.
If he has charting skills, he should have recognised that apple has broken the downtrend/resistance line and stop out. Subsequently, he should have gone long. This is what i call good charting skills. If your timing is off, it means you are not competent. Anyone can tell you if i throw a stone upward, it will eventually return to the ground. But someone more competent will tell you if you throw with certain amount of force, it will reach XX height before falling back in YY time to the ground. This is what i call good analysis. Otherwise, anyone can tell you oil will be worth $200 one day and it will come true because of limited supply & growing demand and oil being a limited resource.
firstable he should start to aknowledge when he screws up and being more straithforward (no soap box endless chit chat),i ve never heard
him saying that regardless of situations
i have to concede that this market has screw up more people recently than in a long time( my guess), in ref. to the seemingly endless advance based on…..u know what.(B-S)
lastly i heard that the market is also being defined as the big humbler,
or in other words it does what it wants regardless of being a good chartist or not, i am not defending Chuck,in any case….
Don Chin.. How nice to see you again. I’ll clear up a few things for you since I realize you don’t remember too much. What on earth makes you think I am still short Apple from 125?? That was so long ago, but you seem to ignore that fact
I day trade, I hold long term, I do positions trades. I day trade long and short, whatever takes money out of the market. My analysis is ‘NOT’ geared for those who are day traders. I advise many times that people should not day trade if they don’t understand the markets. I’m sorry that you don’t agree with my analysis of where the markets will end up. Don Chin.. please go long the market all you want, no one is stopping you in case you have not noticed.
chuck, thanks for logging me out. show the people here who worshipped you your trading account if u r real. I bet
with my reputation u r a losing trader. don’t tell the world what u think, show the people u have made $$. you r nothing but an empty vessel…BS…
New highs yet again…… maximum pain to bears now
Wow. New high.
I am a bear too, but not a stupid one! I know the market has no fundamentals in its rise but who cares? Just trade it as it is. I am not a sucker of blind faith.
I am a bear long term on stocks, but as long as the dollar weakens, the market manipulators are going to push this market up in the near term. There will be a day of reckoning when either the dollar goes down the perverbial toilet or a prolong selloff begins. However, I don’t believe the stock market will fall off a cliff on any given day. There is no rush to start unloading stocks. The rally may be based on BS, but like DC says, “who cares”. Trade the trend, and right now it is bullish. Wealth will be destroyed either way in the US, either by the falling dollar, an equities crash, or even worse both. I like gold and precious metals long term.
I got booted for giving advice back in April that smart bears don’t short market leaders like AAPL, GS, AMZN and GOOG, etc. Smart bears feast on low hanging fruit under the 200 day moving average. I still see that Chuckie has not learned that lesson. Also, the recent sideways action is bullish as the market digests the recent runup before another march higher. Cash is also a position that every trader should go often as it clears your bias. Peace all!
TBTF.. You were booted because you constantly log in with different names and clutter my server with proxy crap
You remember what ‘you’ said back in August? I do
All these posts… if you really have something constructive to say… why don’t you say it in an email to Chuck? If you are unhappy with the analysis provided…. why don’t you go to another site? What gives you the right to denigrate Chuck who provides this site free of charge? I repeat if you don’t like the analysis… MOVE ON… to a site you prefer and has your own beliefs.
hello chuck,
thanks for the video
canada keeps on listening
market over bought at this time
no doubt in my mind
no one can know the future though
but right now with limited amouts of money entering the system
another deflationary event could be setting up
the market would then slide down
and the fed would again have to save the show
by creating whatever liquidity it would take
to reflate and stabalize prices
thing though is that every day 7 billion people need to eat
just that is quite technological achievement
to get them all comfortable and playing vedeo games
and living in peace
is pehaps something that will never hapen
after thousands even tens of thousands of years
humanity has arived here today
many many wonderfull things have been done
are still being done
in art music architecture literature etc
but the best of the best remains beyoud
the reality of many
today mankind is interlarded through and through
with opposing forces
but i say that most of the considerations
which drove developement in the past
and which are still driving developement now
are closely tide in to the establishment
of an ever larger and larger tax base
somehow in some way the good and beautifull
was never much considered as an ultimate goal or option
to have man live in peace with themselves
and with each other
to have humanity live in harmony with nature
and and all such noble nad high aims
as equality and education for everyone
would just not have been good for taxes
but now it might very well come to pass
that a whole lot of even the powerfull and rich
are getting to circle the drain
and will end up getting sucked down with the rest of us
just whats it going to look like
without oil
for one thing
there might just be some mountain tribes
somewhere that will come out ok
at least they will get to keep thier land
later hdeen
Hi Chuck,
Chuck always tells you dumb %^*($% to trade what you think he is not telling you what to do. He is giving an opinion mothing more. If you base all your trades off what he thinks you should not be a trader.
I get my info form this site and many others, Slope of hope is another favorite, Tim agrees with Chuck and so do I. This is going to end in a crash plain and simple there is no other way to resolve this, its not going to be a slow burn as most think.
The dollar imploding is not a good thing for stocks, how long do you think China and Japan is going to put up with this shit. Its only a matter of time before bonds get dumped in a huge way.
The first credit crisis was only a warm up to what is comming.
You seem to be very rigid in the prices you are aiming for i.e. “Sell or Go Short here!” The market does not care what you want, so take what it gives you.
Trading is just like any other business. Buying something for less than it is worth and selling it for more than it is worth. A good business doesn’t purchase inventory at a greater value than it is worth, and neither does a good trader. One more point: Location, Location, Location. It’s vital in business and vital in trading. Pick your location, understand the probabilities, let the trade come to you, execute, and actively manage your trade by knowing when it has been invalidated, so you are bound to get the exit price that you need.
All the best!
till proven otherwise Chuck has been a loser for at least the last 6 months
Guglielmo -
Why so mean-spirited? Yes, Chuck’s technical analysis has clearly been a poor predictor of the market direction since early this year, but, he is not a “loser”. Being wrong about the market doesn’t make you a loser. Chuck is a smart, hard-working guy that does a lot of volunteer work. If you want to criticize his day to day technical analysis results this year…that seems to be fair. But no need to get personal.
hey you bums. Now you are quiet when the market goes down. Those who bitch the loudest have probably never traded a day in your life but continue to think the market will go up forever.And you criticize anyone for a negative view.
You complainers are disgusting!
Stephan,
Please look into the mirror before you comment. Are you trying to me/us you are able to hold your own trades? We are not complainers, we are realists!!
I believe you are a novice at best…