Recent content by rockefehler

:D :D :D

So far, manufacturing jobs made obsolete by automation have been replaced by service jobs ... if we get to a point that low-level service jobs get replaced by technology, and there are no replacement jobs created, we have to put some restraint to this technological development (e.g., laws...

Teeth gnashing moment: I would have bought a nice amount of puts a few days ago, but all my capital is with brokers who don't do puts ... ah well, let's see if it indeed drops to 460 :D

Now I'm curious whether AAPL will indeed show the sharp drop hinted at 2 months ago, after topping at 620. SPX seems to have topped at 1380 as predicted; it isn't entirely clear where the next bottom will be (below 1300 I think).

Any quantifiable approach that has real merits and is published, will lose its value pretty quickly, that's obvious. Adding to that, the author apparently is a known fraudster. Perfect for party people to base an approach on :)

Forecast, prediction, whatever ... I'm not interested in semantics, I'm interested in what gets the job done. How can you congratulate me now; SPX hasn't reached the 1380-90 zone yet, and could continue upward from there if it reaches it.

First, how can one trade with positive expectancy without making some kind of (at least probabilistic) prediction? I predict continuation of moves and turning points based on patterns I discovered over the years. For instance, on 6/18 I predicted a top for SPX at 1380-1390 (in the "Only...

Pattern recognition.

I surely hope it for you Mr. Cactiman! But, as you know, the market knows no mercy :) It looks quite bullish for now; SPX may top around 1380-1390. So far it looks corrective though, and that means there will follow more downward action, settig a new bottom. We'll see.

I agree with that article; looking at the weekly chart, if it tops between 610 and 620, it may drop sharply to say 460, forming the C wave of a larger A-B-C. Long-term analysis: the Dow will trade till the end of 2013 in the range 11500-15000.

It looks bullish, could form a top around 610 though. Then a bigger C wave down? Not sure at this point. Target 1250 was not hit yet.

It may top though around 600, and another wave down may start.

LOL, yeah ... including me. Today's action makes me think it has bottomed. Looking at the weekly chart also.

If people start predicting Black Monday, the bottom is near :D

13/217 = 2%?? 470. If it makes a higher bottom and top, my prediction is canceled.