Dow TOP call - 10yr top formation done

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Quote from TheMan:

i would wait until dow 11,140 and sp cash 1174.5 before making anymore "10yr top formation calls "

because these numbers need to be hit in order to complete the current long cycles


this was already set in motion based on prices from 7-6 and 8-4-10


once we get to those areas ---- depending how much they exceed it will determine the degree of the next short cycle.

Great top call BTW :confused:
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need this first
 
Quote from stonedinvestor:

Love that graph DB! One missing notation though- down at wave B, DOW 10,000, don't forget to put DB's Short call here! :p ~stoney
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You were warned adequately.


StonedInvestor\right-click\send to\Turd Central.

No recourse.

Adios.

(If you don't understand, it means I don't read any more of your posts, hence no answer. You cease to exist.)
 
Usually I let these silly comments roll off my back but that's when they come from long time posters on ET like Joe Paterno or Hydro or the few other haters I have.

But to have a sniveling wet diapered newbie tell me to get a life is really raising the hackles this morning. DID I COME ON HERE AND TELL YOU TO SHORT THE DAMN MARKET AT 10,100???? OR AM I THE GUY WHO CAME ON HERE AND GAVE AWAY 40 OF MY PICKS FOR FREE THE MAJORITY OF WHICH HAVE MADE ET'ers rich all over the place.

I take time out of my day to explain what's going on to the best that I can see it... I don't try and scare you all and I don't hype to the moon. I have a life my friend I'm just starting to realize it; this past week i went to both an EELS concert and an JAMES concert and I've told the wife I'm ready to be seen in public again.

Slowly I will be easing back into society. My work cultivating wild orchids in the fields is near done. Who knows, I might even read a book.

I have two GREAT IDEAS ALREADY for a new thread next week!
Until then I go to feel the birds in Ct.~ stoney
 
Quote from deadbroke:

Nasdaq versus S&P500 i.e. the ratio Nas/S&P

Friday's action gave us the first significant drop - similar to the June 7 drop.
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Galactic DEATH CROSS occurred on Sept. 10 for the first time since March 2009 (this was mentioned before, reminder here)
 
Quote from deadbroke:

Dow Jones daily chart


The 78.6% level was hit yesterday.

Shown is the April 26 top and waves 1 and 2 (circled)

Shown also is the A-B-C move, a 3-wave move, which by definition is corrective and therefore countertrend.

Shown also are the 5 internal subwaves of wave C, the recent entire September rally.

The regular basic trendline thru' wave 4 shows that Price is testing it, but it is generally better to draw a trendline thru' waves 2 and 4 (in blue) and then a parallel line at wave 3 to show the entire channel for wave C.

When lower channel line is taken out, good odds that the rally is over.

If I'm right, wave 3 down will get underway shortly. Again, if right, there will be no mistaking this momentous event.

Fasten seatbelts. :)




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blue channel still holding ..........




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Quote from deadbroke:

Dow Jones is almost at the 78.6% retracement level. Yes, you bet I am expecting my reversal.

Dow Jones THREAD Short stance reiterated firmly. :)

As said earlier a few posts back, I think BEAR is doing exactly like he did at the 2007 top, which is that it has become once again ALL ONE MARKET ...

$ versus the rest of the instruments aka world.

You name it, Gold, euro, oil, other commods, indexes, the works, they be all on one side going in unison.

When it stops, the $ will hammer them all just like he did back in 2008.
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Reiterated October 3, 2010!!! $ versus the rest of the world

Dow Jones is nothing but the Dollar's butler and Gold will now kneel before the Dollar for years.

EurUsd sitting just shy of 61.8% @ 1.3880

DX just shy of 77.33

world indexes toppy and appear topped out

Gold top within smelling distance (nobody would dare agree here)

Financial WW3 about to get underway

UsdJpy at possible lift-off plateau (guesstimate) Dollar Index is going to need this 13% contribution to rocket power for wave 3.
Wave 3 does not fck around - all auxilliary engines have to be on board.

Robert Prechter and Steve Hochberg and every other elliottician in existence have unamimously had the Dollar Index wavecount wrong and justifiably so - it was a bitch to figure it out. We all knew that the rise in 2008 was an impulse wave but the fckup was what occurred after - it was too slow.

I don't know about them, they might be still screwing around with X waves and whatnot, but I've got it! The clue came from USDSEK.

Wave 3 up is next in the US Dollar Index (whenever this current drop ends, timing to be done on 4H)
 
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