Dow Top Call - 11yr formation - part 2

Status
Not open for further replies.
A bone for Lucrum to research and hammer me with ...

he has the right to make a living too. :)

he is on ignore so whatever he posts, someone can point me to the dirt he digs up so I can evaluate it myself - I'm hazy on it as I left ET for months around about that time period.

See the $ chart in previous post ..

See the 10/31/2010 low? I don't remember what occurred there because I left either right then or shortly after bla bla ...

go dig that dirt, Lucrum and hammer me with it. :)

In any event I'll get around to researching it myself sooner or later when time permits.
 
Unimportant to everyone else but to me of supreme relevance and importance .....


If the scale is from 1-10, ten being as far as I can currently see in terms of AN IDEAL SCENE in terms of market ability ....

I believe I've got a firm hold of only RUNG #1.

And the essence of this RUNG #! is that I know I'm totally alone and a one-man army and can count on nobody else but myself.

And simple logic and experience in other endeavors prompts me to realize that if/when I get to RUNG #5 or 6, the vista might have expanded to such an extent that I would be in reality at only RUNG #2.

Its no small endeavor to be in command of the markets because one is in essence gauging the PSYCHE of the human collective, a very large and complex subject that NOBODY really understands, least of all the psychiatrists and psychologists and ALL market technicians and players.

I know what I'm up against and I love the challenge regardless whether I perish or succeed.

Back to work. :)
 
Trading is underway in currencies - I'm still flat EurUsd and have no other currency trading positions.

Wave B down still underway on 1H in EurUsd.

I will view Euro later but for now the only thing noteworthy is that the 50 is crossing the 200 to the downside on 1H at this very instant and that wave B is hovering just above a full 100% retracement of wave A.

More later ................
 
We have seen this over and over again, market looks like its going to break down only to surge right back up, who knows what this time brings, but it feels like the same thing we have seen over the past 6 months or so, market sells off 2-3% then rallies back to new highs!!!!!


So in that case start buying right now, they will lift it back up by mid week, SPX will be back above 1340+ and today will look like it never happened.


SPX at 1316
dow 12355
nasdaq 2756
 
Quote from S2007S:

We have seen this over and over again, market looks like its going to break down only to surge right back up, who knows what this time brings, but it feels like the same thing we have seen over the past 6 months or so, market sells off 2-3% then rallies back to new highs!!!!!


So in that case start buying right now, they will lift it back up by mid week, SPX will be back above 1340+ and today will look like it never happened.


SPX at 1316
dow 12355
nasdaq 2756
More...

Okay --- just bought SPY at 132.01
 
Quote from noddyboy:

Okay --- just bought SPY at 132.01
More...


$132.10


:D


updates through out the day!!!


it only gets better of course, 1340 is my short term prediction!
 
Quote from S2007S:

$132.10


:D


updates through out the day!!!


it only gets better of course, 1340 is my short term prediction!
More...

I doubt it but let's see...I will sell EOD MOC.
 
Status
Not open for further replies.
Back
Top