Ummmm?
Friday May 8th S&P 500 was 929. Today it closed at 910. Please explain? Looking at the 1 month chart, I don't see a close above 929.
Remember Reinhardt? He's predicting something BIG for March 15...
- Thread starter wgadget
- Start date
Ummmm?
Friday May 8th S&P 500 was 929. Today it closed at 910. Please explain? Looking at the 1 month chart, I don't see a close above 929.
Dang it, I thought close of trading was may 11 ( but the market has been swirling like a turd in a toilet for the last two years... details details..) was the date/time of the paradigm shift but now I see that Open of trading, may 11 is actually the date/time of the paradigm shift...
oh wow, how could i have missed it, mine eyes are opened...
oh wow, how could i have missed it, mine eyes are opened...
hmm, so if the Dow went down 200 today, Reinhardt was right
but with the Dow going up 200 today, Reinhardt is STILL right
so yep, no matter what happens Reinhardt was right
I think he was referring to the fact that dforkus didn't know that May 11 was indeed a turn date, whether large or small.
Ok, so if the Dow ever breaks 8550, can we put an end to this once and for all?
You know, I WISH Reinhardt could predict the future because then I would have struck gold. When I first saw his youtube video back in February about CDO's being the cause of a huge collapse in the stock market during the week of February 11 I got so scared and rushed in to put my entire life savings into gold. Over 3 months later gold is still down from when it was above $960/oz. Instead, there was a huge stock market rally where you would have made 30% in stocks if you had bought it at the low point when the DOW was at 6500 and sold it now. Worse, if you tried to short stocks listening to his advice where it was supposedly going down to the 2800 level you would have been screwed.
All Im waiting for is for May 8's Dow close to be surpassed again. If that happens, you guys can do your rain dances or whatever and chant "reinhardt was wrong!" till you pass out from heat exhaustion. Until that happens you just look foolish for jumping to conclusions, not to mention the other posters that just post flat out bullshit info (I mean, 20 stocks on the Dow? Come on. Who could take you seriously?).
As of right now his prediction of a market down turn on exactly May 11 is still proving accurate.
While he did call a turning point, much of what is happening with the market still hinges on the dollar. I think yesterday was a correction for the dollar's new value. I still think the bottom hasn't been reached, but I don't think we'll see sub-6800 levels due to dollar value/inflation.
Zippyjuan
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Dow has been bouncing around a bit but I would not consider it having really gone down much since May 8th. Mostly flat actually (allowing for the occasional swings). Down is what you saw in September. March was up, April up but May pretty flat.
True, Dow is only down 274 since May 11th. Not big, but the market is starting to get volatile which has me wondering. Also the action with T-bonds and GM about to BK makes me think we are seeing the catalyst for the next big move. Is Reinhardt right? I don't care, but if he is right, I want to be on the right side of the trade.
Is that sarcasm? If no, thanks, I hope so.
I look at his predictions like a big picture. I wouldn't invest solely on his advice but rather will take his predictions as an indicator of how to play the market. For example, the first week of his May 11 turning point prediction, FAZ was a good play. Now that things are going down in the T bond market, which he did not directly predict but is following the downturn "big picture" that he did predict, T bond bear ETFs like TMV are looking like strong plays. The guy still has the knack for picking the swing dates. It's just a matter of taking that basic info and putting it to work.
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