Dow Top Call - 11yr formation - part 3 (COSTCO)

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VIX continued from the previous post ....


Historians of antediluvian times in the era 2080 onwards will surely remark, "this fellow deadbroke sees things a month to months ahead of anyone at ET, the latter so engrossed in the Salvation Army's penury 1-min. chart aka THE FAMINE TIMEFRAME FOR RETARDS that they miss the tsunami rogue wave aborning on DAILY"


Behold the vision of deadbroke as he updates the VIX chart.

You all have permission to go muttering insidious nothings about the dead one's effrontery and chest thumping. :) :) :)


Behold how the oft cursed and thoroughly misunderstood subject of INDICATORS works for nobody else at ET, but always works for the dead one who gives a flying fck whether they lag or lead.

The INDICATOR hatred was started by ET's most useless poster, a hijra of unkempt and intemperate disposition, named Lucrum whose post count speed has now broken the sound barrier - he has followers, actually quite a huge following at ET.

Stupidity of the asinine, hovine, bovine nature keeps finding new plateaus?





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Welcome to ET member, Low Roller.

If I can't answer one or more of your questions, that itself would be a challenge for me to get better - and besides its always likely that those who are prof. traders but don't post anymore at ET, might soften up to our plight and come into the thread to help us improve and make strides towards our goals.

Trading is a beautiful venture and well worth the effort to excel at it.



:)
 
Quote from deadbroke:

The mighty DOW JONES taken apart:


Dow Jones DAILY timeframe, June 14, 2011


WE shall NOT include Wave Analysis for the time being and go to battle with straight, simple TA ....

The DAILY TREND is still UP, UP, UP. Long trendriders are snoring and sound asleep, knowing that there will be the inevitable upwave.

Why are trendriders unconcerned?

(1) The March 16 low still holding firm.

(2) The 200-day m.a. still unmolested.

(3) DOW THEORY has no trend violation as of today

The only factor upsetting this confirmed continued uptrend is that there is a TRENDLINE broken. But is this trendline a significant one, or is Price simply trying to settle down and form yet another basing point, therefore another trendline anchor point and then CONTINUE northbound?

Price could be simply trying to go to the lower channel line shown, sort of like a Pitchfork phenomenon.

Is there a right shoulder going to be formed after the HEAD touches the shoulders?

There ought to be some sort of TOPPING PHENOMENON, right? The rally from the March 2009 lows was and is significant, so there should be some topping phenomenon - or is that May top a V-shaped topping phenomenon?

Then again we could wait for CNBC and John Murphy who would rather have the 50 m.a. cross below the 200 for there to be a Top call.

So, one can easily see that there is a lot to consider ....

------------------------------------

Therefore the dead one considers only the March 16, 2011 low as the arbiter. And said low is still holding firm.

The DAILY TREND player is still LONG and is snoring, snoring, snoring.

What would he be looking for?

To see how secure that March 16 low really is. Then he'd be looking for the inevitable upwave to see if it can exceed the top, in whch case the LONG rider will go back to sleep. If it cannot take out the top but instead drops like a stone and takes out the March 16 low by 3 bars that do not touch the low of the March 16 candle, its over - that's all she wrote and the trendrider is outtta there with a closed LONG
More...



Repost as I now review the stupendously perfect waves of the DOW JONES since the 1700s by looking at a spliced chart of British prices.
 
Updating the very same chart from my Dow Top Call Thread .......


just look at where the dead one called it and know that all he alerted was a Defcon 3 status, hehehehehe .... naturally this calling of attention to wins is going to infuriate the HERD, hahahahaha, God do I love it so. :) :D





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Just like Love and Inspiration the Dow has now arrived softly at the uptrendline from 2009 and the 200-day m.a. (green line).

At ET I believe the only one who has noticed this is Shortie and that is because he is prone to lift up the skirt, doodle in the underwear and revel in the beauty of the bush.

So as stated earlier with Straight TA we are waiting pay-shuntly for the upwave - this is where the MASTER clues will be generated as to whether we have a TOP or not

But with Wave Analysis the Dead One noo the TOP was due since the March 16, 2011 and April 18, 2011 lows. He noo to watch carefully for a definite sign of weakness and he did this on the 1H chart and cott it beautifully.

:) :)


But many, many say that Wave Analysis kills people. Yeah baby, the monk bought lunch. True, true true - that's why the Dead One took the trouble to learn it well, to develop it and to go with it. It still has holes as big as barns :D :D :D but the Broke one knows that this will all be ironed out as TIME progresses for the Divinity is with him and the only friend he needs is his own Higher Consciousness. :) :)

We wait and see whether STRAIGHT TA will register a TOP?

Either way, I love both methodologies and embrace them as my own.
 
Sorry, cannot use Dow Jones data for the long-term wavecount. I think Mr. Prechter did the right thing by using the UK Financial Times Index since that data does start way back then and it is after all the same Empire ongoing.

So to clear the facts, the chart and data is not my own and neither is the work that was done on it.

But the work is so good and precise that I will borrow it and use it.

As you can see all the data comes from Bryan Taylor's outfit, a highly trusted data source IMO.

There will b much more thought-ing on this over the next days as the US Economy and Dow Jones will respond to this wavecount to a T.






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Since the chart is done on Log scale its easy (hehehehehe, nothing is easy) to first observe the breadth and majesty of the South Sea Bubble and then also the Bubble of 1825 and that of 1920s.

One thing is very clear to me in one ogonblick of view of the chart. There will not be any Armageddon now and not for at least another minimum of 70 years into the future.

What this means is terrific news for the dead one - when this crash is over it will be the buying opportunity of the century. The dead one plans to catch that low, take advantage of it and then hammer in the ultimate rocket aka CREDIT.

The dead one knows that any US expansion phase (and wave 5 will be an expansion phase) will be once again a gluttony over CREDIT - the dead one already has a credit score of 780/803/797 - by the time we bottom the dead one will have a rating well over 800, residing with the elite of the elite. This will aid in rapid collection of real estate and other goodies with only the dead one's signature and wink.

Oh, I didn't mention it? Hehehehehe, of course the real estate bull will continue after the crash is over - we gots to have 5 full waves up, right?

The lucky woman with me gets it all and Lord does she deserve every penny of it for her devotion. She gets it all and gladly.
 


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Observe a thing of beauty in the chart - of course the dead one catches these things in a heartbeat, but here he shares it with the slowpokes :) :D


Do you see that long long long sideways consolidation from 1725 - 1940?

What does your BASIC TA tell you about CONSOLIDATIONS?

Yeah, the monk bought lunch - dig it baby, the sheer vertical wave thereafter that gave us the CREDIT BUBBLE, the COMMODITIES BUBBLE and every fckin bubble in BUBBLELAND will be like a towering inferno of juice and its nowhere near ending taken on the yearly scale. A magnificent thing that the dead one expects is that AFTER THE CURRENT CRASH the next upwave could subdivide into a full 5 waves and give us thereby another 150+ years of bliss before Armageddon.

And what will Armageddon be? That part is easy, in fact so easy the dead one can describe it in his sleep. But he will summarize it and say just this ....

Back to the Stone Age - all books and learning will be lost and we start from scratch again. Has this happened before? You're damn straight. We keep doing this over and over again - when the Millenium Wave hits 5, we go back to the StoneAge again. How? By killing each other of course or bombing or whatever is discovered next to destroy destroy kill and maim. What a bunch of idiots we are!!!

Its all in the HERD implant.
 


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Another thing about the massive sideways consolidation - and this aspect is in DEADBROKE's native domain - its the TRIANGLE.

Why is the dead one so excited about this triangle?

The dead one is excited about all triangles for one reason only .....

write this down on your foreheads ....


Triangles always occur in the penultimate position of the wave sequence. Therefore by definition, the next wave is THE LAST in the sequence. Then comes the BEND IN THE TREND aka THE TOP.

Yeah baby, I'm in fckin Paradise with this chart.

So I know if I come back after body death I will catch the upcoming massive wave 5 and most likely drop the body well BEFORE Armageddon begins - thus escaping it.

Of course it would be nice to conquer the FORGETTER MECHANISM that transpires upon body death and picking up the next one - yeah but then there would be NO GAME.

:) :) :) :D :D :D
 
So repeating .....


The Index data belongs to Bryan Taylor's outfit - the chart was put together by Robert Prechter.

ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLL analysis and thinking and thoughting is all done by the dead one ONLY - a one-man army.
 
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