Dow TOP call - 10yr top formation done

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Quote from deadbroke:

continue to stay Short the Dow as per the thread call

(note: despite the rampant confusion on the faces of the 3-min. timeframe gang, i.e. everybody here at ET)

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Guys, you might want to look at yield differentials in my prev. posts here

http://www.elitetrader.com/vb/showthread.php?s=&threadid=168825


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


specifically Moody's corp. bond yield MINUS US T-Bond yield

reminding you that aside from the actual indexes like dow, nas, sp, approaching the game from the vantage point of CREDIT gives you a nonpareil leading indicator ... that called the crash in 2007 as early as July07.

You should have guessed by now that CREDIT is BEAR's weapon of choice and his 2 beneficiaries are $ and Yen. How many times have I been saying this? Since I came to ET in October 2009.
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you were warned well in advance.

that was posted on 7-31-2010 and flogs the Hindenberg easily and is soooooo much easier.

And note how the corporate community is fast asleep at the wheel.

chart follows in next post ... separated for ease of viewing
 
The Hindenberg? Bah!!!

This cat's superior, easier to construct, easier to follow and what's more, just looking at it, one can hear the entire CORPORATE community S N O R I N G soundly!!!! :) :D

Nobody is currently aware that under the hood, cracks are occurring. Deep fissures. A bust out thru' the trendline as shown will be THE EXPLOSION. It will be too late to react and fix because its a WAVE 3

BONDS analysis is the best weapon. But taken further, Bond yield differentials is the ultimate weapon.



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Quote from deadbroke:

Heck, I'd give a 1000 just to have a good look at you in person, you founding Father of ET, you! :D :D :D :D
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Canton, GA - let me know when you're going to be in the neighborhood.
 
Man things are moving quickly for me guys. My mother found some rare disease and I think I have it! I'm not joking it's an HIGH ARCH DISEASE!!!! And it F's people up. They have crooked broken ankles my mother told me not to look on the net but I have VERY SUPER high arches and folks-- this can lead to tingling in hands and feet!!! Yes hands too weird... Ok I have my second visit with the Nerologist tomorrow that's all my HMO will allow, he is going to tall me to get an MRI for my heart I'm sure and I'm going to say.... not so fast have you heard of..... I have to get the name.... I do have a disease. And that's sitting weird with me; I've had a blessed life physically up until now- I anticipate and take on a lot of illnesses, but really I've been very healthy.

My grandmother had horribly gnarled feet and swelled legs she wore tights all the time... her fingers were always numb... it's a heridatary thing... I may have my answer! And that feels so good just to have an idea of what could be causing this tingling.

THE RALLY STARTS SOON- THURSDAY!
I had my jobs number one off it's this one that they stuff all the at home jobs- this thurs we will get some indication of the next report and that is going to be a big report. Also the Fed member who warned about deflation speaks, hopefully he will temper down his language.

I am THINKING STRONGLY ABOUT CROX HERE! It's on support and ready to move higher coming off a SUPER earnings reports a while back. Folks it's simple some stocks move and some stocks just don't there are some stocks out here like FLEX and IRM that are just DEAD. We need a stock that can GO UP and CROX is that stock.

PPO-- Folks you know this as a fave!!! I'm buying more and going HIGHER.....

PWER- The buy of last week is the buy of this week buying more.

FOSL- I tell you Peter Lynch would be proud I was taking a bath and reading all the cataloges and damn if the Fosil one didn't look good with a lot of leather offerings bags and such more than just watches... my wife is fvrom a retail backround so I ran it buy here and she agreed.... stock went up $2 on Earn the next day!

It's retraced and might be worth a look as well... FOSL...

These are some of the ideas for this week... If things get sexy I'm going with a name I've been following IDSA Industrial play I have to do more DD on and pre paid phone play IDT... Lastly OVTI looks good.

As I see it these are the names to play this week-- #1 - CROX and then

PPO // PWER // FOSL // IDT // OVTI // IDSA //

Some stocks to Watch::Scotts SMG & RINO & AVNR & PANL!

I'm back for an hour and I have drummed up 7 GREAT IDEAS FOR YOU ALL!!! and 4 to Watch. Where else do you get that folks!!!!

love~ stoney
 
Quote from Lucrum:

Canton, GA - let me know when you're going to be in the neighborhood.
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:) That's just 34 miles from Atlanta.

No wonder you don't like elliottwave - you're too close to them. :)
 
Quote from deadbroke:

For Baron AND newbies:

(regardless whether my call is right or wrong and regardless whether TA works or not)


refer to the chart posted a few posts back about a double-bottom formation.

The question I posed was, "Why is that not a double-bottom?"

Note that chart patterns are basic-basic in TA and that if an ET-er can't even get that down correctly, yet is a fervent practitioner of TA, is it any wonder that the failure rate is 95%?

If this thread does not get closed, I'll be able to prove that sheer ignorance, laziness and often rank stupidity is the cause of that whopping 95%
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The 95% loser syndrome bothered me a great deal when new at ET back in October 2009. Its like what TraderZones (ET's #1 asset for newbies) taught me so well ... everyone at ET thinks he or she is an exception to this universal stat, that in essence they are among the 5% winners. That scared the shit out of me because I was already familiar with WISHFUL THINKING, having seen it in so many other fields, especially among "Sales Closers"

How can everyone here be among the 5% winners? Its not possible.

This thread is confirming for me in spades that the 95% syndrome has its power base in what I've stated above .... sheer ignorance, laziness and rank stupidity.

I shall take up the first example now ....
 
On page 1, poster "gettinglucky" (I like the demeanor of this poster, so abs. no derision intended here; actually a damn shame I have to use such a nice person to show this example) called a reverse head and shoulders pattern .... suggesting therefore a reversal, and a new bullrun.

What's worse is that there were quite a few technical experts on CNBC and elsewhere who have large subscriber following, who also said the same thing.

The timeframe for this argument was DAILY

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so remember the concepts I used, .... lazy to put in the work and dig deep into the basics, therefore ignorance, therefore manifestation of rank stupidity.
 
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