Dow TOP call - 10yr top formation done
- Thread starter deadbroke
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Quote from deadbroke:
Of course its unclear to you.
Of course I could just whack you over the head with a saucepan and have you look at the daily chart of Nasdaq versus S&P500 - broken below the 200 m.a. on August 11, (a month ago and you still don't cott it), still can't get above the 200 m.a. and now on the verge of delivering a downside DEATHCROSS.
If you have disagreement with the concept of Technology vs S&P500 as being a relatively nonpareil proxy for overall market direction, I'll whack you twice - doubt it would make any difference, though.
Now call me a rude boy again.
"The worst thing about oral sex is the view"
Your trade is a net money loser and your call seems out of touch with today's market. If you insist on discussing technicals to death well the most important technical to note on the US markets is the giant channel they have traded in the WHOLE YEAR. So what you should be discussing is how to profit from that channel NOT trying to GUESS when some giant breakout will occur from the channel before it happens.
You briefly suggest a STOP LOSS on your trade but are very vague. So let's be specific. What is your actual stop loss or are you going to hold this trade forever until Dow drops to some level ? So what is it ?
If you can't be specific just shut the hell up there is no money making opportunity and you are just fishing to be a hero on some vague call. Trading demands specific levels and timing or its nothing at all.
"Meanwhile, we see a big disconnect between the dash into gold and bonds and the VIX S&P 500 volatility indicator, which is still down near 20 and showing no signs of the concerns that are ostensibly driving investors into gold and bonds. While cautious because of continued downgrades in economic growth expectations, investors are as yet uncertain as to whether this is a mini-bond market bubble or a tectonic shift in bond yields as the US succumbs to the Japanese disease?leaving gold as the default choice as the debasement of fiat currencies is expected to continue in either case; even though gold in US dollars has already risen 400% over the past eleven years and the DJIA has declined over 80% against gold since 1999."
From TJI
From TJI
Just saw this. Don't know Joel Stainton but he sure looks smart to me, well articulated and you can tell the mind is quick. Never seen his analysis before. Anyway, he talks and swears by the DEATHCROSS - yeah baby, my DEATHCROSS - only difference is that his is 100x200, mine is 144x200.
Listen to how he bases an entire case for the Nikkei collapse on just this DEATHCROSS.
Your Honor, what can one do with these duffers at ET?
Oh yeah, one more thing ... I called the Nikkei top on april 15, 2010
(see concurrent asia contagion thread for location of the call)
http://www.cnbc.com/id/39145391
Buffett, Ballmer Predicting Bright Economic Future
The Associated Press | September 13, 2010 | 03:43 PM EDT
Some of the biggest names in business said Monday that they see a bright future for the economy, with famed investor Warren Buffett declaring the country and world will not fall back into the grips of the recession.
"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway [ BRK.A_125000.0_ +1023.0 (+0.83%) ] . "I see our businesses coming back across the board."
Buffett said the same things that worked for the country through a century of two world wars, a depression and moreâall while increasing the standard of livingâwill work again. He said banks are lending money again, businesses are hiring employees and he expects the economy to come back stronger than ever.
"This country works," Buffett said during a question-and-answer session via video at the Montana Economic Development Summit. "The best is yet to come."
The Associated Press | September 13, 2010 | 03:43 PM EDT
Some of the biggest names in business said Monday that they see a bright future for the economy, with famed investor Warren Buffett declaring the country and world will not fall back into the grips of the recession.
"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway [ BRK.A_125000.0_ +1023.0 (+0.83%) ] . "I see our businesses coming back across the board."
Buffett said the same things that worked for the country through a century of two world wars, a depression and moreâall while increasing the standard of livingâwill work again. He said banks are lending money again, businesses are hiring employees and he expects the economy to come back stronger than ever.
"This country works," Buffett said during a question-and-answer session via video at the Montana Economic Development Summit. "The best is yet to come."
Dow Jones 60-min. frame ........... reversal will be confirmed on trendline break.
Dow Jones THREAD CALL on Daily frame ... continues with unabated SHORT since April 27 with several additions to short.
Now this ....
Add again to THREAD Daily chart Short today at open.
Dow 60-min. chart shown below (not to be confused with the Daily which is the thread basis)
Uploaded with ImageShack.us
Dow Jones THREAD CALL on Daily frame ... continues with unabated SHORT since April 27 with several additions to short.
Now this ....
Add again to THREAD Daily chart Short today at open.
Dow 60-min. chart shown below (not to be confused with the Daily which is the thread basis)
Uploaded with ImageShack.us
Quote from JSSPMK:
Don't be such a dildo. If you look at SPX weekly vs NDX weekly back in September/October 2008 you will see exactly what I am talking about, SPX was below 200 SMA & NDX was above it, only when NDX locked below 200 weekly SMA markets went into sell off mode. It's a fact, it looks the same now is also a fact. But another fact is that NDX has a higher low and within a pennant type formation, I have used histogram for a long time & it also suggests a bounce. But even if bounce is not to take place that histo pattern points to a high probability of an umpulse wave starting very shortly, hence a breakout is required to have another fact & trade accordingly, not based on forecast
Thanks for that, JP.
You keep confirming that you are a dedicated HERD member with so much mumbo-jumbo. Zoom out on the Daily, please.
please refer to any Daily chart of Dow Jones I posted in this thread. My analysis is laid out clearly. Nothing has changed. No flip-flopping like you on an every 6o-min. rally basis like a yoyo.
See next post for some other thoughts .. feel free to reply and call me a rude boy ..
Quote from deadbroke:
Thanks for that, JP.
You keep confirming that you are a dedicated HERD member with so much mumbo-jumbo. Zoom out on the Daily, please.
please refer to any Daily chart of Dow Jones I posted in this thread. My analysis is laid out clearly. Nothing has changed. No flip-flopping like you on an every 6o-min. rally basis like a yoyo.
See next post for some other thoughts .. feel free to reply and call me a rude boy ..
For the record I remain short ES, even though it is starting to look as the beginning stages of a Xmas rally. Analysis need confirmation to be a respectful member of the herd
For JP:
The larger TREND (that the HERD has forgotten = therefore bullishness still too high for the BEAR of 2008 to be over) is DOWN! We have an uptrend since March 2009 within this larger perspective.
Question is, "is the uptrend since Match 2009 over, or resting and consolidating so as to continue higher?"
My thread says the uptrend since March 2009 is over based on TREND violation.
We are therefore in a TREND TRANSITION. Bullishness is still the dominant theme. Soooooooooooooooooo easy to observe. Just look around at ET or outside. This is a topping phenomenon. I mean the whole package, since the 2000 top and then the 2007 top and now this one.
Its that simple.
The larger TREND (that the HERD has forgotten = therefore bullishness still too high for the BEAR of 2008 to be over) is DOWN! We have an uptrend since March 2009 within this larger perspective.
Question is, "is the uptrend since Match 2009 over, or resting and consolidating so as to continue higher?"
My thread says the uptrend since March 2009 is over based on TREND violation.
We are therefore in a TREND TRANSITION. Bullishness is still the dominant theme. Soooooooooooooooooo easy to observe. Just look around at ET or outside. This is a topping phenomenon. I mean the whole package, since the 2000 top and then the 2007 top and now this one.
Its that simple.
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