Crash 40% Down, In Two Weeks

[Chood]

Quote from Digs:

Just wanted to post some credit, for the first jpeg on this thread was supplied from TheChartStore.com.

From the weekly chart blog (June 10th 2007). Great site !!

Symmetry between 1946 and 1987, is no reason to act, but it warrants buying some puts/leaps for protection.

I'm surprised that the comparative graph you've posted hasn't prompted a more serious colloquy. I suppose it could be because there's been a lot of Chicken Little threads on this board. But what you've posted is uncanny if accurate. Did you verify the accuracy of the overlays?

Maybe the pros on ET already are so familiar with what your post shows that they don't consider it worthy of comment. Upon a bit more research on my part, it could make me reconsider my view that the sheep shearing is still some time off.

 

[Spectre2007]

digs, thanx for the chart.

here is the calendar for next week in terms of catalysts.

http://www.forexfactory.com/calendar.php

guess who has a speaking engagement this week.

 

[infolode]

Quote from Spectre2007:

digs, thanx for the chart.

here is the calendar for next week in terms of catalysts.

http://www.forexfactory.com/calendar.php

guess who has a speaking engagement this week.

07.15.07 8:30am USD Fed Chairman Bernanke Speaks

Well that's 1 of ? triggers for next week.

The 15th....damn!

 

[Spectre2007]

mr. irrational exuberance does too.

 

[infolode]

Quote from Spectre2007:

mr. irrational exuberance does too.

lol Double damn

 

[Covertibility]

FT Short View: Dow 6,500

I remember this guy on CNBC while another guy was calling his prediction ludicrous.

ET'ers have cited 30 of the past 2 crashes.

 

[Chood]

Quote from Covertibility:

FT Short View: Dow 6,500

I remember this guy on CNBC while another guy was calling his prediction ludicrous.

ET'ers have cited 30 of the past 2 crashes.

How about the chart the OP posted? Had I the wherewithal, I suppose I could test equity indices for pattern recognition and possibly identify other coincidental frames, diminishing the significance of the OP's overlays. But I'm not certain of that -- far from it.

The OP's finding appears uncanny. Plus you have PIMCO's boss (no slouch he) saying he's bearish on bonds for the first time in how long (since 1982, right? another coincidence?).

 

[Spectre2007]

tudor used the price pattern to prepare for the '87 crash. Its in market wizards.

 

[marketsurfer]

Quote from Spectre2007:

tudor used the price pattern to prepare for the '87 crash. Its in market wizards.

in an extremely rare, surpressed video, PTJ shows the actual charts he used to nail the crash, comparing 29 to 87.

surf

 

[Digs]

..."The OP's finding appears uncanny. Plus you have PIMCO's boss (no slouch he) saying he's bearish on bonds for the first time in how long (since 1982, right? another coincidence?)."...

.."(no slouch he)"... : I disagree, Bil Gross has made huge calls and been wrong. One was the INDU to 6000.

With his most recent call, he was really talking up his own position. I am not saying he's wrong. But his batting average is no better than any others.