Dow TOP call - 10yr top formation done

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The only 2 possibilities I see are

(1) We are going up to the 50% or 61.8% fib on daily frame as I mentioned and warned about in earlier post and opening post #2 or thereabouts (will check tomorrow). this means we will take out the July 13 top and exceed it to my targets, but the daily short will be unperturbed.

(2) This rally today is a trap because the move down from July 13 high on 60-min is a 5-wave move, BEAR's signature which means the trend on 60-min. has reverted to DOWN! What you saw and are seeing after the 5-down is an a-b-c upward corrective move, with the current upwave rally the "c" part. when it ends, the crash will resume.

These are the 2 possibilities.



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Quote from deadbroke:

Margin of error:

Margin of error is miniscule in comparison to MY premise that a historic 10-yr duration topping formation is now in its final throes

Current rally target box as shown in chart below is ensconsed between the 50% and 61.8% Fibs of the grid from April - July

the Top is already in as of Tuesday's close

OR Dow goes to 50% fib @ 10,453

OR Dow goes to 61.8% fib @ 10,654

Dow could reach up and kiss the 50% and then charge south for good OR he could head to 61.8% the outer limit of my MARGIN OF ERROR.




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I found it. here is the prev. post stating exactly what my margin of error is. :)
 
I'm a total dummy for licking pussy and drinking on such an important move. But what the hell to do, life has to go on ....


as I think at warp speed with limited resources mentally, here is possibility #3, a developing one, perhaps.

Note: wave b shown can exceed the top by a bit, thus fooling many. Its one of BEAR's tricks.



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Quote from brownegg:

Post my trade numbers? Have you even looked at the other posts I've made? I've done just less than 4k roundtrips today. What I posted BEFORE IT HAPPENED was that CL was driving ES. Then I showed AFTER THAT what I was talking about. I'm not interested in giving entry points to pikers like you, I actually spend the day trading.

Enjoy your short call and your paper profits... I'm not net long equities and don't plan on being at the moment. In fact, looking at my blotters it appears I was short more often than not today. BFD.
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hilarious, anything but post realtime numbers. So easy to spot a scammer at Scammer Central. :)
 
Quote from brownegg:

At the moment I'm long oil and gold, and short EURUSD, all via futures and ETFs. By the time you read this, likely at least one of those has changed.
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hilarious!!!!!!!! post is straight from ET's template. No numbers. :D :D
 
Quote from Larson:

deadbroke: short call or financial apocalypse?
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Both! Let me spell it out some more ...


(1) Dow targets are (from page 2 of this very thread)

4000 ... = uptrendline from 1974

2325 .. = previous 4th wave of lesser degree

615 .. = previous 4th wave of lesser degree

MY call is 615 is the final destination!

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(2) Financial apocalyse

See # (1) Isn't that enough? Its not? OK, then .....

Greater Depression = 2-3 x Great Dep.

but = or > Depression of 1720-1784

Fasten seat belts.

As always, ET will be the last one to find out as they always are at any top or bottom. In fact the new definition for an ET-er, is one who gets grace marks and still fails!!!!!! :) :D :D

I'm going up ALONE against the entire ET lot. :D :D

Thread call running nicely
 
Quote from deadbroke:

RE: Dow Jones

By the way, does anyone here remember the ET talk when Jones was powering up northbound in early and mid April this year?

Heck, I saw comments like, awesome, relentless, forever, true bull-run etc.,

Review the post on SENTIMENT and HERD a few posts back, then dig this post by yours truly on April 19, just one week before the April 26, 2010 top. See last page of thread below

http://www.elitetrader.com/vb/showthread.php?s=&threadid=179613&highlight=lambda

DSI (daily sentiment index) = 92 = Lalaland

options traders sentiment = off the charts = COMPLACENCY = admiring the huge new stretch of beach

Insiders selling 6 times > buying = they've seen the receding waters, know what's coming, and are now bolting for the hills
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For brownegg:

Since you said I'd get banned ... it will be because of the above playing out. If it does play out AGAIN at this current rally level and then a whole new crash leg gets going, what do you think newbies are going to think when they read this thread in the future?

Easy! ET is loaded to the hilt with prescience-less retards! :)
 
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