Dow TOP call - 10yr top formation done
- Thread starter deadbroke
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Quote from RCG Trader:
You made this call in April?????
You are very late, my friend
http://www.elitetrader.com/vb/showt...=188151&perpage=6&highlight=6250&pagenumber=3
Any kind of Gann/Fib/cycle analysis showed this at the beginning of the year.
Not hardly!
The april 26, 2010 top is only a secondary top. The real top was October 2007. I called it, but I wasn't at ET nor any other bulletin board - just among a group of students of TA. (Actually I had made 2 mistakes with that top, so in any event it was not a perfect call)
Its no excuse, brownie. Actually I'm quite surprised that the anal-ysis when drunk turned out to be quite good.
Those are still the 3 senarios on 60-min.
Are you kidding? Making calls, esp. when one has a basis, is the most beautiful thing in existence.
You have a business to run?
B O R I N G = HERD LIFE I stopped working and retired at age 39.
How old are you brownie? Maybe I can give you some tips on early retirement?
don't tell me - you're saddled with 2 rotten kids, a wife 40 lbs overweight, haven't gotten any good pussy in over 5 years, 15 loaded credit cards, a house upside down in value, the bank owns you .+++++ ............. am I right?
(this is not an attack, brownie, I'm smiling
) the 60-min. close below 10,130 has caused another addition to the SHORT.
The SHORT is now firing on all cylinders.
If 1 of the 3 scenarios on 60-min. plays out (as shown yesterday) and Dow gets to 50% or 61.8% daily chart fib, there will be another add to SHORTY.
God, do I love being judged by traders who can only barely see 1 daily bar and here I am calling a top that encompasses a range from april 26 to July 23. Whew! Its too much for Brownie and gang.
Quote from deadbroke:
Dow Jones thread SHORT CALL on daily chart continues unabated and unabashed
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If the 60-min. Macd crosses the 0-line northbound with some nice hard-on histogram bars, we might get a challenge of the recent July 13 top and onward to wave 5 as I wrote a few posts ago, stating that I was in doubt and as to whether the drop was a wave 4 or not. The rest of this week's action will likely clear this up nicely.
But the larger picture of my CALL is crystal clear!!! SHORT is the way to be
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OK, with the July 13 top now taken out on 60-min., the margin of error targets are now the destination, i.e. daily chart 50% and 61.8% fibs as listed on page 1.
If we get there, add to Short!!
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Dow Jones SHORT continues unabated and unabashed
put another way, with MY sentiment .....
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
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Its sunday morning here, markets are closed, but I just saw something juicy from Gertrude (Dennis Gartman), so here goes ......
BEAR just nailed the last significant one and convinced him to change his BEARISH mind and climb aboard the alleged bull. With Gerty comes a whole host of his subscribers and with his CNBC appearance, hundreds of thousands of public stragglers have now climbed aboard the alleged bull.
My theory:
BEAR has no fun unless they are ALL aboard; only then does it get interesting for him. His motto is, "have them all, but climax only once"
And as the title of the thread says, all this bullishness in the face of a 10-yr topping formation.
http://www.tradersnarrative.com/den...n=Feed:+TradersNarrative+(Trader's+Narrative)
put another way, with MY sentiment .....
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
-----------------------------
Its sunday morning here, markets are closed, but I just saw something juicy from Gertrude (Dennis Gartman), so here goes ......
BEAR just nailed the last significant one and convinced him to change his BEARISH mind and climb aboard the alleged bull. With Gerty comes a whole host of his subscribers and with his CNBC appearance, hundreds of thousands of public stragglers have now climbed aboard the alleged bull.
My theory:
BEAR has no fun unless they are ALL aboard; only then does it get interesting for him. His motto is, "have them all, but climax only once"
And as the title of the thread says, all this bullishness in the face of a 10-yr topping formation.
http://www.tradersnarrative.com/den...n=Feed:+TradersNarrative+(Trader's+Narrative)
reminder:
still not a single one of ET's traders can explain why that is not a double-bottom?
And now, add Gertrude (Dennis Gartman) to the list as he called a reverse Head and Shoulder on the Materials Spdr ETF (and consequently went bullmarket long-term LONG)
Even if I'm wrong in my overall call and Gerty is right, it won't be because of the alleged "reverse H&S formation"
Surely at least one of Baron's so-called "returning exp. traders who don't look for content at ET, rather they provide it in spades" will come up with the answer?
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