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

Status
Not open for further replies.
Quote from deadbroke:

- if the elasticity and coefficient of restitution of the 200 fires, I'm outta there pronto.
More...
Translation for you new guys: Dead Beat doesn't have a clue what he's talking about but desperately wants to sound like he does.
 
Position closed. Profits rushed off to Lucrum's house to pay his rent.

Have to leave for a little while. Place YOUR stop as per your own risk level.

I have a better and far more realistic 15-min. chart because as you can see it appears from the previous one that Price was not respecting those Fib levels shown. Therefore it would follow that I had the wrong grid.

Not anymore. :)





Uploaded with ImageShack.us
 
DRYS long-term massive SHORT position will be closed tomorrow. God help me, I've nursed this baby for a looong looong time and most of what I leaned about TREND came therein with hours of agony and sometimes sheer poetry as I fought the demons to stay onboard and not give in to the humungus forces to liquidate and go party. I noo there would come a good reason to close the position and that time is now.



DRYS .... the massive SHORT now releases funds tomorrow to be made available for SHORTING the Euro when wave 3 becomes available. The ammunition is HUGE and MASSIVE, the weaponry is ready - its just a question of waiting pay-shuntly and in a state of rest. The rest is LUCK.

see these threads

http://www.elitetrader.com/vb/showthread.php?s=&threadid=220543&highlight=DRYS

http://www.elitetrader.com/vb/showthread.php?s=&threadid=204411&highlight=DRYS

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



05-15-11 05:18 AM

Adding more to existing SHORT on DRYS next week now that the 50 has crossed below the 200 and a rejection at 50 just occurred. STOP info is in the thread below

see entire running analysis on DRYS here ....

http://www.elitetrader.com/vb/showt...&highlight=DRYS


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


05-15-11 05:25 AM

caution ....

if the Dow Jones breaks the 1H lows shown earlier and gives me my wave 3 down (this will be unmistakeable), I plan to close the entire DRYS position and cash out as bankruptcy is inevitable in the tsunami forthcoming.

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

http://www.youtube.com/watch?v=1XlqCFi6o-E

(at 3:00 min., "the monk bought lunch")


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





Uploaded with ImageShack.us
 
Quote from deadBEAT:

Position closed.
More...
Well that's a neat trick, considering by your own admission you don't even have a brokerage account. LOL
 
Quote from bone:

Maybe better as a journal, since this is an ongoing exercise ? Just a suggestion.
More...




Territorial trespass - there are already 2 lions here - there is no meaningful prey here for you, no females either so no pride to take over.
 
Quote from deadbroke:

see previous 15-min. chart -

The green m.a. shown is the 200 - if the elasticity and coefficient of restitution of the 200 fires, I'm outta there pronto.
More...



special note made only for the dead one for when he reviews these files at a future date to strengthen his strengths and eliminate or mitigate his weaknesses ....

see black ellipse in chart below


the 200 m.a. FIRED a rocket, a delayed action rocket, but the dead one caught it aborning and closed the remainder of his position. A little later, Price revealed another trap that only the dead one noo was acoming when Price droped below the 200 m.a. but Mom said, "careful now, son" .... Mom being momentum - and what happened then? .... why of course the classic SLINGSHOT lifted off.

See chart - I have NOT changed a thing, its only updated that's all

----- end of note to the dead one ----





Uploaded with ImageShack.us
 
Quote from deadbroke:

Position closed. Profits rushed off to Lucrum's house to pay his rent.

Have to leave for a little while. Place YOUR stop as per your own risk level.

I have a better and far more realistic 15-min. chart because as you can see it appears from the previous one that Price was not respecting those Fib levels shown. Therefore it would follow that I had the wrong grid.

Not anymore. :)





Uploaded with ImageShack.us
More...




2nd note to the dead one


Always always always GRID THE DOUBT - a sort of corollary to Murphy's Law

A truly magnificent piece of work by the dead one - why? .... because the inner doubt suggested that it was only an internal wave 4, therefore the larger trend is still up.

Judgement is a strength that must be developed and when combined with pay-shunce (an awfully tough feature to master) the duo is nonpareil.

end of note to the dead one
 
Quote from deadbroke:

my current view of the Dow Jones on 60-min. - if the configuration here is correct, then one can easily understand why EurUsd must start to deliver my Wave 3 down. Why? Because the Rogue Wave aka USD is the prime generator of the CRASH - remember, its all one market, the US dollar on one side and versus the rest of the world on the other side.

Wave 3 is supposed to stump everyone including the dead one. But the main thing is I see the 2 scenarios and one thing I love about Price - he clears things up for me real fast - a few more bars and it will be clearer.

But this is what I'm going with currently and if the SHORT materializes on EurUsd I'm taking it with the STOP mentioned a few posts back.

Hasta manana




Uploaded with ImageShack.us
More...




read and read and read the quote and the chart - for if correct HISTORY will look favorably upon me for there are indeed very very very very very very few individuals who can catch a Wave 3, let alone see it aborning. I say this with humility for I could easily be wrong and get hammered too.

But my STOP will protect me from ruin.
 
DEFCON 5 full alert for the start of wave 3 down in EurUsd is now on.

(Our father who art in Heaven ......... ) fingers crossed.

goodluck to everyone

if I am wrong, this really is the very best I could do at this time. Eighteen months from now, whatever I have done now and am doing now, will look like kindergarten to me for I will have quadrupled in prescience, motive force and power.


Insurance in case I am wrong .... if the TOP is taken out on Daily (we are not far from there) then I know that the doubt expressed on the Daily chart about EurUsd is valid and so we would make another higher or close to the high TOP.

Either way the start of the highly remunerative Wave 3 is close, with the doubt feature it will be delayed by a few days - that's all.

If wrong, admission will take place right here.
 
Status
Not open for further replies.
Back
Top