Dow TOP call - 10yr top formation done

[deadbroke]

Quote from deadbroke:

reminder:



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)

Remember that Gertrude called a bullmarket on July 25, 2010 as documented here and on CNBC.

For his subscribers' sake I hope he's right; heck at $500/month and god knows how much more each one pays for private consultations, one would expect his calls to be near-perfect.

Just keeping tabs on the experts who called against me

 

[deadbroke]

Quote from deadbroke:

Professor Bassetti has climbed aboard the bull taking thousands of subscribers with him .... here is an exact quote from him ....

Aug 2

"system stop taken out; we bought the Dow, S&P and Qs ETF s and closed our gold hedge. The buy signs were all over the place in just about everything. We will cover them tomorrow morning. In the meantime we think the contrarian backbone may be broken and the bull market may be back on"

Professor Bassetti went bulllish on August 2, 2010 and went LONG Aug 3 taking all his subscribers with him.


Professor Charles Bassetti, former student of John Magee, now the author/editor of the bible of TA, the sole technical analysis book in my possession (the rest of the pile, I got rid of), a man with 40+ years experience in the markets, excellent credentials, sharp as a whip, my teacher, even took the time to answer my emails back and forth (god bless him , charges everyone else $750/min.(??) for a market consultation .....

and if BEAR nails even him .... that's not a happy day for me personally. Its very difficult to beat the Prof., .....

I have the utmost respect for this TA practitioner of supreme skill. He shuns elliottwave totally and scoffs at fibonacci. Hey, that's totally OK with me.

so this is another one I want to keep tabs on .....

 

[deadbroke]

One very disheartening thing about the venerable Professor is that his most recent posting right after the August 11, 2010 crash shocked me. why? Because he's blabbering about fundamental analysis when he ought to know better.

BEAR can do that to a person, even one of a high skill level like the Prof.

Here then is his most recent posting .....

"It is obvious that the market has not yet settled down. We think that it is expressing strong, if not paranoic doubts about the ability of the Congress to avoid a double dip recession. And considering the competence (and courage (lack of)) of that venerable institution we can well understand its neurosis. Robert Shiller has joined Paul Krugman and ourselves in stating that there are strong possibilities of a double dip recession unless jobs are created. Meanwhile, Congress worries about the deficit. One wonders why they didn’t worry about it when they were spending a trillion dollars in Iraq. Oh. Forgot. That was off budget"

 

[deadbroke]

Quote from deadbroke:

Caution ..... re: Dow and S&P500 HERD collective sentiment analysis flashes red alert

BEAR looks like he's duplicating the April 26 top by fckin with the HERD. The HERD as you know is the general public. By definition they are dumb as they can only react; creativity is almost nil. Its always a good idea to study and watch their movements and emotion AT SUSPECTED IMPORTANT turns. Why? Because they BE always wrong at such turns. But a wandering lion can consider himself lucky to have stumbled into ET, for as I've said in Baron's Feedback forum, the ET HERD is dumber and therefore gives off better = quicker signals.

The lion, of course can be wrong. That don't stop him from taking the shot. Its a question of favorable odds, not guarantees. But the dumbest lion of all is yours truly for talking to the HERD in the first place.


Nothing personal guys; its just the way it is.

The HERD is duplicating the mental sentiment that it manifested at the recent April 26 top, i.e. a surge in excitement into April 15 and then a diverging excitement level in the later higher Price top April 26 . The CRASH then followed. Remember?

You clowns are doing the same thing now. Excitement high on July 27 and then diverging excitement at higher Price high on Aug 4.

Just a thought guys.

Slamdunk!!!

 

[deadbroke]

Quote from shortie:

are you saying the herd is less bullish at the exact top than the week before? i don't know if it is true or not but it does not make sense. how could the herd foresee the slaughter?

Exactly!!! Its not supposed to make sense!! Nothing about the HERD is supposed to make sense or compute or be rational!!

The HERD is totally reactive.

Forsee the slaughter? From paras 1 and 2, therefore they can't forsee doodly.

HERD formula: Prescience = Zero


Don't you guys get it? ... This is the reason TA works. PRICE = Herd's footprint.



And you guys are so lucky. If you want to learn about the HERD, I mean seriously learn, heck, just look around you at ET. You're surrounded by HERD members from antediluvian days. Their forefathers were the ones who got fcked in the 1720 crash and then in the Great Depression too. They never learn from their mistakes. They just keep repeating them over and over again. Hence the famous TA axiom, "the same old technical patterns, over and over again"

And now BEAR has thrown a new curveball - the black man in Washington.

 

[deadbroke]

Quote from Petsamo:

I bought da dip and went back to 90% long.

and you got fcked as only I noo you would.

Now its totally clear to me you're nothing but a scammer and jammer. I won't be asking you to post your entries etc. no more.

Tony Robbins says one should run the other way when one sees a scammer, a stupid person , a negative person etc., ... me, I don't run, I just drop-kick the pricks out the fckin window. Adios!

And you've demonstrated repeatedly such massive stupidity .... just one example is that after the DEATH CROSS, a technical feature, you then go on to negate it by invoking fundamental analysis.

You, chief, are the dumbest bounty hunter I've seen at ET.

Have a nice day

 

[deadbroke]

Quote from JSSPMK:

I am withdrawing support for the OP's call, sorry Amigo, but you want to be in minority anyway

Just looking at weekly MA magnets & how price retested 100 average, closed above 50 & now 20 points to retest of Longer period averages currently around 1173 & 1210 ES. That's a rather obvious set-up, quite simply there is no failure in price & stocks are expected to "naturally" go up rather than down.

http://www.dormantrading.com/Trader...0);SMA(260);SMA(400);SMA(100);MACD;&type=LINE

You got fcked too. And what's worse, just one day before the top. I thought that at least you showed signs of wanting to be a lion, but had landed in the HERD by some genetic warp. But now it turns out you're at best the first HERD member to jump into the Mara river AND THEN the rest of the gang follows. A leader amongst the HERD, yes, but still a HERD member.

A lion is a totally distant realm for you. Sorry!

I liked you from day 1 and still do, my friend.

God bless you, and happy profits in forex trading.

 

[deadbroke]

Quote from coolweb:

deadbroke. we hsve similar lifestyles.
except your trading needs imoprovement.if i trade off of your calls id be deadbroke. when u are in the tst area. a fewhours plane ride away from thailand. ill show u true heaven

I have heard. You're the gray rider who wouldn't make peace with the experts.

You and only you, sir, may go in peace! Paint the sign of the "technician" on your lodge so that in the winter when I travel south I'll see it and know you're not foe.

 

[deadbroke]

always a great pleasure to see Stoney doing well and flourishing and prospering.

 

[deadbroke]

Quote from RCG Trader:

deadbroke,

While I will not contest your April top call, the current trend on the Dow is up. It has been 7/6/2010. All I can see is a slow down in the acceleration of an up trend.

Caveat Emptor

I will be gentle with you, sir.

The problem with ET, i.e. 3-5minute timeframe traders is that its akin to .... missing the forest for the trees.

the worst thing about oral sex is the view!

they see just one pubic hair, even the vulva at that close range appears to be as large as a Volkswagon hood, albeit bushless.
They don't bother to just raise their head a little so they can see the face/eyes of the recipient of their largesse. Had they done so they'd see the larger view ...