Dow TOP call - 10yr top formation done
- Thread starter deadbroke
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Stoney,
Courtesy to you is now complete. I've kept my word.
I have no more time to devote to you.
You're welcome to stay and post fundamental stuff - I have zero interest in any of it. But you're welcome anyway.
But just reminding you things have changed overall for me at ET.
I have a different hat on from yesterday onwards - its the same hat that I wore during the years as a younger man shooting for early retirement which was accomplished at age 39.
Tolerance for stupidity is zero = turd rocket propelled to the bottom in a heartbeat.
your choice - best of luck
Courtesy to you is now complete. I've kept my word.
I have no more time to devote to you.
You're welcome to stay and post fundamental stuff - I have zero interest in any of it. But you're welcome anyway.
But just reminding you things have changed overall for me at ET.
I have a different hat on from yesterday onwards - its the same hat that I wore during the years as a younger man shooting for early retirement which was accomplished at age 39.
Tolerance for stupidity is zero = turd rocket propelled to the bottom in a heartbeat.
your choice - best of luck
Back to work after several distractions
Dow Jones Thread SHORT call continues unabated.
Dow just below the 78.6% retracement level mentioned a few posts back.
Under the hood there is an even more sinister development - its aborning and therefore in its infancy and for my short call might even turn out to be evanescent, but I cannot ignore it or push it under the rug.
Vix Macd and histogram trendlines are showing a northbound breakout.
Dow Jones Thread SHORT call continues unabated.
Dow just below the 78.6% retracement level mentioned a few posts back.
Under the hood there is an even more sinister development - its aborning and therefore in its infancy and for my short call might even turn out to be evanescent, but I cannot ignore it or push it under the rug.
Vix Macd and histogram trendlines are showing a northbound breakout.
What up DB!
Out of CROX! You could of made over 2 grand if you had just listened. I know I'm getting a lot of emails asking me why I bother, but I feel so terribly bad for you sometimes DB. Here's a little history lesson about ET.
There has always been a DB here, in other names the end of the world charlatans who hide behind TA have always been here. Your routine is nothing new. what makes it fun is the swear words and stuff but you have made such an utter fool out of yourself that we have reached a tipping point. You came on here with this thread at DOW 10,100 and you proudly stated the top was in. Go short! It's right there on the page. This call by you is reminiscent of many the world's worst timed calls.
We are about to enter a magic new reality. The big dividend stocks are about to go on a multi year run. This is going to happen for a number of macro reasons that I'll only give you if you request I reopen your thread.
Right now. I feel we are going to start a correction. Gut call. Could start tomorrow Thursday- looking for a reversal day, an outside day-- the sentiment stuff is already in line.
Now the fact is through your shrill answers I don't think you answered one question. I thought you liked to grovel at the feet of teachers??? Well you got the market's biggest teacher for free right here buddy in case you haven't noticed.
I must of released 40 of my trades here in a two month period. Anyone can check the results. I know I have. ~stoney
Out of CROX! You could of made over 2 grand if you had just listened. I know I'm getting a lot of emails asking me why I bother, but I feel so terribly bad for you sometimes DB. Here's a little history lesson about ET.
There has always been a DB here, in other names the end of the world charlatans who hide behind TA have always been here. Your routine is nothing new. what makes it fun is the swear words and stuff but you have made such an utter fool out of yourself that we have reached a tipping point. You came on here with this thread at DOW 10,100 and you proudly stated the top was in. Go short! It's right there on the page. This call by you is reminiscent of many the world's worst timed calls.
We are about to enter a magic new reality. The big dividend stocks are about to go on a multi year run. This is going to happen for a number of macro reasons that I'll only give you if you request I reopen your thread.
Right now. I feel we are going to start a correction. Gut call. Could start tomorrow Thursday- looking for a reversal day, an outside day-- the sentiment stuff is already in line.
Now the fact is through your shrill answers I don't think you answered one question. I thought you liked to grovel at the feet of teachers??? Well you got the market's biggest teacher for free right here buddy in case you haven't noticed.
I must of released 40 of my trades here in a two month period. Anyone can check the results. I know I have.
~stoneyDow Jones 60-min. updated chart with some great learning pointers for me esp. re: elliottwave and why its so tough and why they/we or any practitioner is playing with fire on the smaller timeframes - I've always been of the opinion that the monthly chart shows the waves the clearest and then as you drop to lower frames it becomes increasingly difficult to see them accurately.
I've left the old 60-min. chart as-is from a few posts back - only thing I removed are the moving averages and added the 2 thick black trendlines to show an ending diagonal triangle or wedge.
Showing clearly how I was fooled by the wavecount as the wedge started to develop - and hey, I might still be getting fooled.
But the blue trendline support is quite solid as a guide.
Uploaded with ImageShack.us
I've left the old 60-min. chart as-is from a few posts back - only thing I removed are the moving averages and added the 2 thick black trendlines to show an ending diagonal triangle or wedge.
Showing clearly how I was fooled by the wavecount as the wedge started to develop - and hey, I might still be getting fooled.
But the blue trendline support is quite solid as a guide.
Uploaded with ImageShack.us
Man DB wouldn't you of loved to have called this the way I did! To the minute using fundamental logic!!!! 
~si
~siDow Jones daily chart
The 78.6% level was hit yesterday.
Shown is the April 26 top and waves 1 and 2 (circled)
Shown also is the A-B-C move, a 3-wave move, which by definition is corrective and therefore countertrend.
Shown also are the 5 internal subwaves of wave C, the recent entire September rally.
The regular basic trendline thru' wave 4 shows that Price is testing it, but it is generally better to draw a trendline thru' waves 2 and 4 (in blue) and then a parallel line at wave 3 to show the entire channel for wave C.
When lower channel line is taken out, good odds that the rally is over.
If I'm right, wave 3 down will get underway shortly. Again, if right, there will be no mistaking this momentous event.
Fasten seatbelts.
Uploaded with ImageShack.us
The 78.6% level was hit yesterday.
Shown is the April 26 top and waves 1 and 2 (circled)
Shown also is the A-B-C move, a 3-wave move, which by definition is corrective and therefore countertrend.
Shown also are the 5 internal subwaves of wave C, the recent entire September rally.
The regular basic trendline thru' wave 4 shows that Price is testing it, but it is generally better to draw a trendline thru' waves 2 and 4 (in blue) and then a parallel line at wave 3 to show the entire channel for wave C.
When lower channel line is taken out, good odds that the rally is over.
If I'm right, wave 3 down will get underway shortly. Again, if right, there will be no mistaking this momentous event.
Fasten seatbelts.
Uploaded with ImageShack.us
Love that graph DB! One missing notation though- down at wave B, DOW 10,000, don't forget to put DB's Short call here! ~stoney
~stoney- Status