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Pivot Point Trading Videos
- Thread starter nnuut
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Rod
Well-known member
I now say beware of this guy. It seems that he only posts "bearish" videos after a selloff. He likely does this in order to justify/bolster his bearish view. We haven't heard from him since 20 May... 1 day after the last selloff.
He is not consistent like Ira or Frank from Pivot Boss... to name a couple. Therefore, take what he says with a grain of salt. You know the old saying... even a broken clock is right twice a day.
He is not consistent like Ira or Frank from Pivot Boss... to name a couple. Therefore, take what he says with a grain of salt. You know the old saying... even a broken clock is right twice a day.
Valkyrie
Well-known member
actually he stated the market would be up for a few wks, which is where we are now and then re-test the lows. he quickly said that and then kept re-enforcing why the re-test will happen. Pivot boss has been stating similar about a re-test. both have inferred a minor pull back soon, also my thoughts, and then up and then,,,,
you know the bottom will re-test right before november and into. I tend to remember there is something important to happen in november.
that is my take on their info.
Rod
Well-known member
But, he'll keep pushing out that time horizon on when the retest will likely happen... if it happens at all. Like I said, even a broken clock is right twice a day. He'll get it right eventually if the retest comes.
BTW, he's always saying... "I would not buy into this market." That's just stupid advice because there are, and have been buying opportunities. Heck, the major indices are up 36% to nearly 40% from their 23 Mar lows. Furthermore, do we really believe that The Fed will allow Mr. Market to fall back to earth to the 23 Mar lows? I'm beginning to think they will not. But, we shall see!
DreamboatAnnie
Well-known member
So I was really liking this guy Pivot Point, but then realized that he kept saying the same thing over and over really fast! 
But I do like his charts. Thing is that everyone knows eventually the market will drop again...thing is when and how far will it drop?
Tell you what, I had veered away from Grok Trade but then heard their new guy, Romulus, who did a 2-3 minute introductory video. Informative, tied the March Bottom going back to a few years ago and it made sense on how he knew bottom was in. He was a Hedge fund manager with many years of experience, but I've not seen another video by him on Grok Trade. Must say I do like to hear Dez/D7 go over the charts. He has a quick eye and I've learned quite a bit about drawing trend lines and reading candles just by watching his free videos.
Best Wishes!!! :smile:
But I do like his charts. Thing is that everyone knows eventually the market will drop again...thing is when and how far will it drop? Tell you what, I had veered away from Grok Trade but then heard their new guy, Romulus, who did a 2-3 minute introductory video. Informative, tied the March Bottom going back to a few years ago and it made sense on how he knew bottom was in. He was a Hedge fund manager with many years of experience, but I've not seen another video by him on Grok Trade. Must say I do like to hear Dez/D7 go over the charts. He has a quick eye and I've learned quite a bit about drawing trend lines and reading candles just by watching his free videos.
Best Wishes!!! :smile:
Rod
Well-known member
He must've sensed that we were talking about him because he posted his latest video. It is titled, "Stock Market Melt-Up. Don't Confuse Brains With A Bull Market... or Bear Market Rally."
At least he's acknowledging the "Melt-Up."
But, he is still saying, "Be patient." In other words, don't invest in this market.
At least he's acknowledging the "Melt-Up."
But, he is still saying, "Be patient." In other words, don't invest in this market.
Rod
Well-known member
So I was really liking this guy Pivot Point, but then realized that he kept saying the same thing over and over really fast!
Tell you what, I had veered away from Grok Trade but then heard their new guy, Romulus, who did a 2-3 minute introductory video. Informative, tied the March Bottom going back to a few years ago and it made sense on how he knew bottom was in. He was a Hedge fund manager with many years of experience, but I've not seen another video by him on Grok Trade. Must say I do like to hear Dez/D7 go over the charts. He has a quick eye and I've learned quite a bit about drawing trend lines and reading candles just by watching his free videos.
Best Wishes!!! :smile:
Add this guy to your arsenal. You'll like him.
https://www.youtube.com/watch?v=qU222yzGCYA&t=198s
weatherweenie
Well-known member
Goes to show, you can have all the fancy charts and reasoning and still be wrong.
FireWeatherMet
Well-known member
I think everything Pivot Point says, makes sense...except for one major thing.
The charts do NOT take into account several TRILLION dollars of QE FED Action....which is keeping the "melt up" going.
I thing (fear) in the near term, unless a vaccine quickly comes to market in September, Pivot Point may end up right, albeit late...about a steeper decline.
Until then, the right choice would be to say invested most of the time.
The charts do NOT take into account several TRILLION dollars of QE FED Action....which is keeping the "melt up" going.
I thing (fear) in the near term, unless a vaccine quickly comes to market in September, Pivot Point may end up right, albeit late...about a steeper decline.
Until then, the right choice would be to say invested most of the time.
rangerray
Active member
Pivot Point keeps talking about "what a bear market is designed to do," but bear markets aren't designed. They are not a construct, they just are. Besides, there's some disagreement about whether this is a bear market or not. The trend, right now, is certainly not supportive of a bear market.
Rod
Well-known member
They don't care to make a vaccine for the cold virus because so much $$$ is made in controlling/relieving its symptoms. Same goes for cancer, especially in the area of research. A "common cure" would mean no more funding, which would lead to a loss of many jobs within the scientific community. They keep pressing on long enough to always remain "on the cusp of a cure."
nnuut
Moderator | TSP Legend
Kind of hard to keep up with him but I like his posts.
Rod
Well-known member
Yep.
Been saying this for a couple of months or so: Essentially, don't buy into this market because it will retest the 23 Mar lows.
Of course, in the meantime Mr. Market has rallied 40%.
I was also a believer in that retest until I wised up and realized Daddy Fed won't allow that to happen anytime soon.
I'd love for it to come, though! I'm just no longer anticipating it.
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