Kunal Vakil

This Bear Market is Worse Than I Thought

Donulvi, credentials? Have you read my previous posts? I am one of the few who nailed the market up until the last 2 weeks where I challenge you to find me someone who predicted this.

Venividivici....."I actually read one of your other offerings. Anid it was just as dopey as this one" You clearly need to go back to grade school and learn how to read again. Are you sure your reading the right language? Anyone that reviews my previous posts can easily see how I nailed the top in this market a couple months ago, predicted the many banking failures, called a short term bottom at 1200 and predicted that the rally ensuing would not last and that we would set new lows down to 1160. Again, I obviously was wrong about the ferocity of this bear. If you want to persecute me for not seeing the most viscious decline in the history of the stock market, go ahead, if that makes you feel better for your losses. The fact of the matter is that you are a child.

Most Volatility Since 1987

Glen, I have been very accurate, knock on wood. Review my posts and you'll understand why a bottom was put into this market.

daytrader, no offense, but you seem like a woman scorned.

The Banking Sector Has Bottomed

CLH...yes....I should have clarified a little better & I agree with you. I was making the point that the financials bottomed for this move down. The chart says it all...the UYG never took out the July Lows, even in the face of this horrible fear! I am still trying to figure out what this short selling ban means to this market. I dont like it when the market is structurally manipulated. This could cause a problem down the road

The Markets Will Reward the Patient

The hand,

The market is a discounting mechanism; it will price these issue into price well before the issues become a reality. It appears that most are forecasting the subprime mess to be controlled at some point next year. The big players will not wait that long to make their purchases. Now is the time, in the face of fear. I still believe we challenge sub 1200 on the SPX as I suggested above and it should probably happen in the next 3 to 4 weeks. This bottom should mark an important in my opinion.

Massive Government Intervention Has Bulls Cheering

Sumosama....Firstly, I am primarily a day trader and do not hold many positions overnight, especially in this volatile trading environment. I believe the risk:reward setup is not there for me to take on swing trading short positions at this point.

The Markets Will Reward the Patient

Your a fundamentalists...have you ever heard that stock prices reflect future expectations of earnings? The market is telling you now that it believes that the financial turmoil will be over sometime next year. Why would big money wait till then to buy? They are going to buy now when everyone is fearful and stocks are on sale. Mark my words here, the financials have or are very near to an important bottom.

Stock Markets Nearing Important Bottom

galewhitaker, its NEVER different. The charts do not lie and they are not lying this time either. This market is very close to a very robust rally that will most likely run it higher for the next 9 to 18 months ahead.

Energy, financials, etc. Didn't we have the same sentiment in 2002 2003 timeframe: war, worldcom, enron, stock market crashing from 2000 highs, overbloated earnings, etc? We then witnessed a gigantic rally that lasted 5 years and didn't look back. This pattern repeats itself at almost every bottom.

I am here to make money, not to pontificate on economic conditions that have no bearing on price movements in the market. Remember, the market is a discounting mechanism. When I see panic, which I have seen, I see the sale coming to an end. That time is near.

Please re-read my post. I am NOT long this market. It is quite the contrary. If you review my history, I have been bearish all the way down from 12700 on the DOW Jones, calling for this financial debacle every step of the way.

I suggest in my post that the market is CLOSE to a significant bottom that I will buy with a 9 to 18 month time horizon. That is CLOSE but not here yet.

"I will be a heavy buyer from 1200 on SP all the way down to 1182 for an intermediate term (9 months to 18 months) hold"

This is precisely my plan

Dow Jones Industrial Headed For Major Breakdown

I was not trying to be a stock picker, I was merely providing my opinion on the overall direction of the market, which looked to be dead on.

Time To Abandon Stocks?

We will see the SP500 under 1200 before any major rally is attempted by the US markets. The markets suffered a technical breakdown through the 12700 area on the DOW. We have rallied back to that level with major divergences in technical indicators and money flow figures. Look for lower levels.