Dow TOP call - 10yr top formation done
- Thread starter deadbroke
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On the plains of Africa or more specifically on your home on the Mara, the wildebeest congregate too and enjoy each others' company; they too share an intense interest in Price action but the PRICE they refer to is their mortal enemy, THE LION and sometimes the leopard.
When a member of the frontline of the wildebeest puts on a show for a lion by thumping his hooves, raising his asshole high in the air and then scampering like a rabbit here and there, the lion just "goes" .... when I get that prick in my vice-grip I'll look in his eye and say, "you fckin idiot, then I'll gobble him up like I've done 'em all heretofore"
Quote from promagma:
I'm waiting to get down there to BUY
Good for you.
A progressive short will do the trick even better, i.e. when confirmation comes thru' from Nas, Nas100 and S&P - all on 1H of course. STOP will then go over the TOP and hold the position regardless the color of the defecation of the wildebeest here.
Once confirmation comes thru' on the daily chart in the same vein as described above for the 1H frame, pack it in and go on holiday. You've nailed the TOP, so whatever you're in for on the SHORT overall, you hold for 1-2 years.
Your next test = test of virility, courage, hardness and coefficient of restitution will come when Jones, after crashing a bit, starts a rally - this is what separates the pussies from the cocks - you sit thru' this rally and wait for confirmation of lower highs and then when the low is taken out YOU HAVE THE NEW TREND IN PLACE.
Dig?
Goodluck to you and may you make alot of money.
The rest of the idiots here can suck my dick.
Yes, similar idea but on the long side and with options ... fixed risk and it becomes a waiting game. I will pyramid this too.Quote from deadbroke:
A progressive short will do the trick even better, i.e. when confirmation comes thru' from Nas, Nas100 and S&P - all on 1H of course. STOP will then go over the TOP and hold the position regardless the color of the defecation of the wildebeest here.
Once confirmation comes thru' on the daily chart in the same vein as described above for the 1H frame, pack it in and go on holiday. You've nailed the TOP, so whatever you're in for on the SHORT overall, you hold for 1-2 years.
Your next test = test of virility, courage, hardness and coefficient of restitution will come when Jones, after crashing a bit, starts a rally - this is what separates the pussies from the cocks - you sit thru' this rally and wait for confirmation of lower highs and then when the low is taken out YOU HAVE THE NEW TREND IN PLACE.
Dig?
Goodluck to you and may you make alot of money.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3012053#post3012053
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