Dow TOP call - 10yr top formation done
- Thread starter deadbroke
- Start date
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OK.
anyway ??Quote from deadbroke:
Re: Dow Jones daily October 25, 2010 top.
Yahoo Finance April 26 high = 11,258.01
Yahoo Finance October 25 high = 11,266.3
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Dow Jones data from Stockcharts.com and from Alpari are not confirming the higher TOP on October 25. Ditto for Quote.com
Quote.com April 26 high = 11,258.01
Quote.com October 25 high = 11,247.6
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Most accurate data source is .... ?
What is their DJI high for Oct 25?
Regardless the differences in top values, Yahoo Finance has recently altered the April 26 top high as 11,308.95, and so today, there is no doubt that the TOP is exceeded.
So although my recent post that the THREAD CALL is wrong was premature, it is now confirmed that I AM WRONG.
So, as stated before, knocked down but not OUT.
Continuiing to try to catch the top .....
Note: What hasn't changed at all is the THREAD TOP CALL concept. That we are in a TOP scenario is 100%+ clear to me. Now, what would it mean to me if I am wrong about such TOP. It would mean clear and simple, I'm a total goner.
This is still very much in force despite the timing error.
Quote from deadbroke:
Regardless the differences in top values, Yahoo Finance has recently altered the April 26 top high as 11,308.95, and so today, there is no doubt that the TOP is exceeded.
So although my recent post that the THREAD CALL is wrong was premature, it is now confirmed that I AM WRONG.
So, as stated before, knocked down but not OUT.
Continuiing to try to catch the top .....
Note: What hasn't changed at all is the THREAD TOP CALL concept. That we are in a TOP scenario is 100%+ clear to me. Now, what would it mean to me if I am wrong about such TOP. It would mean clear and simple, I'm a total goner.
This is still very much in force despite the timing error.
seriously ???????????
lol
Nooooooooo DB!
re: it is now confirmed that I AM WRONG.
Noooooooooo. What next!
I'm selling my last chunks of Cavium for my family @ $35! WHOOPS!
Yea I got out way to early myself @$32 listening to you... DARN YOU!
Common man here's my email back to the hedge fund explaining why I want to
be at 6% cash vs everyone else's fully invested:
- from stoney-
I'm certainly not timing the market here but too much stuff is weird-
neg yield on TIPS, VIX super low, A Fed that suddenly targets equities up,
Europe not doing the same, dollar dwindling, oil nearing $90 Cotton through the roofretail #'s not impressive... & I see a slowdown in tech to boot.
Against all of this will be the rush for performance by mutual funds. But we all know that's a two way door.
My gut still says quick move down. I'm not finding good value when I look around at ideas.
Of course you guys are better at that!--
So there you have it. The market is up 200 and I have a big cash position.
Now you sir can see we are about to go down can't you.... what of the running with the herd stuff??? Commmon man.
What you did DB is draw your trend line wrong and miscount your waves typical junior investing stuff and now you are faced with the ancient dilemma Do I Fight The Fed???? We are always told never to do that....
Ok we went DOW 14,000 to DOW 10,000 on housing. Housing is not much better but the cars have been fixed and the banks are more secure so we half that amount and your " Top " is going to be in the 12,000 zone. How we get there though that's where the fine arts comes in. Luckily I was an English major!~si
re: it is now confirmed that I AM WRONG.
Noooooooooo. What next!
I'm selling my last chunks of Cavium for my family @ $35! WHOOPS!
Yea I got out way to early myself @$32 listening to you... DARN YOU!
Common man here's my email back to the hedge fund explaining why I want to
be at 6% cash vs everyone else's fully invested:
- from stoney-
I'm certainly not timing the market here but too much stuff is weird-
neg yield on TIPS, VIX super low, A Fed that suddenly targets equities up,
Europe not doing the same, dollar dwindling, oil nearing $90 Cotton through the roofretail #'s not impressive... & I see a slowdown in tech to boot.
Against all of this will be the rush for performance by mutual funds. But we all know that's a two way door.
My gut still says quick move down. I'm not finding good value when I look around at ideas.
Of course you guys are better at that!--
So there you have it. The market is up 200 and I have a big cash position.
Now you sir can see we are about to go down can't you.... what of the running with the herd stuff??? Commmon man.
What you did DB is draw your trend line wrong and miscount your waves typical junior investing stuff and now you are faced with the ancient dilemma Do I Fight The Fed???? We are always told never to do that....
Ok we went DOW 14,000 to DOW 10,000 on housing. Housing is not much better but the cars have been fixed and the banks are more secure so we half that amount and your " Top " is going to be in the 12,000 zone. How we get there though that's where the fine arts comes in. Luckily I was an English major!~si
Quote from deadbroke:
One more daily chart reference point for THREAD short confirmation ...
if the dashed black channel is busted, add to Short
if the pitchfork lower channel line is busted, add to Short
see the bunching of long-term m.a.s ? = volatility move coming up
If 200 m.a. busted, add to Short.
Hold until Dow = 2,500.
Then close out and buy real estate and hold for 70 years. And resume your gorging on CREDIT and living beyond your means until the same stuff happens again (in about 70 years when a Chink might be running the White House)
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same chart updated ...... I've added the solid black trendline as an additional guide (=once broken) for the upcoming SHORT
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