DOW Crashing ?!

Originally posted by futurecurrents
Personally I favor the idea that the bottom is in already.
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Considering the dollar has just completed a head and shoulders formation, and the S&P could break the neckline in a matter of months I think we are unfortunately nowhere near bottom.
 
this is options expiration week, and I definitely think that a lot of short term manipulation happens during expiration weeks both through news releases and actual trading by big active players. Whip it up, then whip it down, but not a lot of net change for the week. I'm not going to judge bull or bear based upon what happens this week, the signal to noise ratio is kind of low right now.
 
Futurecurrents,

I got a better idea for you .. go to http://www.stockcharts.com/ ... type "$COMPQ" in the ticker box ... make it a 3-year log chart ... get a pencil or a sheet of paper and place it on the 2000 peak passing downward across the July peak of the same year .. project to the right ... and you'll see what I mean ...
 
Originally posted by Bono
Futurecurrents,

I got a better idea for you .. go to http://www.stockcharts.com/ ... type "$COMPQ" in the ticker box ... make it a 3-year log chart ... get a pencil or a sheet of paper and place it on the 2000 peak passing downward across the July peak of the same year .. project to the right ... and you'll see what I mean ...
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If I use the July high on the above mentioned chart yes, but if I use the August high no and if I use Q charts which allows one to draw a trendline then neither of them traces this years tops. Frankly, I don't know how you can do serious tech analysis without serious charting software. Good luck and be well.

Edit: If you do have serious software and was just using this to show me what you see on your software
then never mind. But then that still leaves the question about the difference of what we see and perhaps speaks to the ambiguity of technical analysis.
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The theory dictates what can be observed
 
Futurecurrents,

Once again, I ask u to calm down ... and stop jumping into conclusions ... and pre-assuming that no one's doing their work properly ... and that "serious technical analysis" rubbish you mentioned in your last message ... rest assured that I do know what the modern age is all about .. I do know what's a computer .. and a computer software ... and technical analysis software ... and what's a trendline ... and how it's drawn ... guess what ? I am using a Gann software that your likes would take ages to figure out ... but honestly speaking, reading your posts ... I see no reason why I should be discussing such an advanced tool with someone like you who can't even read a technical view ... sorry for being blunt ... but I tried every single method to raise your level of understanding and thinking with absolutely no luck ...

listen if you think the market has bottomed fine with me ... go buy it all you want ... just save us some pride, and tell no one you're a technician ... because guess what ? it's been three days already and u haven't even posted one good reason why you think so ... but who cares what someone like u might think ? I personally don't ...
 
Futurecurrents,

your edit came in too late I suppose ... I have no interest in proceeding with such a ridiculous discussion ....
 
hahahaha ... this is so funny ... we're down like 5% across the board in 3 days ... and we're still talking long ... shorts are being covered now dear ... u don't make 5 to 10% in 3 days and take it to the weekend ... see u next week :)
 
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