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

[deadbroke]

Reversal could occur at the 23.6% Fib or at 261.8%. That is where wave 5 would end. When it ends, Wave 3 down starts. The thick black uptrendline, when broken gives the SHORT entry.





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[deadbroke]

We've zoomed in on 1H to catch the EurUsd TOP in previous post's chart.

Let's see if the 15-min. gives a quicker SHORT entry?

And it likely does ......................

This being ET one must spell out the obvious - trendline break gives the SHORT entry, STOP goes over the top of Price on 15-min. frame




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[deadbroke]

EurUsd 15-min STOP over the top is likely to get hit. The 23.6% level which is just a tad higher is attracting Price like a magnet.

I'm leaving the STOP as-is

gotta go soon, back later.

 

[GrandSupercycle]

Downtrend on key equity indexes strengthens further. Choppy
topping since Feb this year is finishing.

http://stockmarket618.wordpress.com

 

[deadbroke]

Quote from deadbroke:

EurUsd 15-min STOP over the top is likely to get hit. The 23.6% level which is just a tad higher is attracting Price like a magnet.

I'm leaving the STOP as-is

gotta go soon, back later.

Is the dead one lucky or what?

The STOP stayed unmolested while I was gone and making another magnificent sale - making money at both ends

 

[deadbroke]

Closed the EurUsd SHORT .... this time profits sent to the Salvation Army where 95% of ET members will end up when the Dow continues heading south to Argentina.


Just gaze in awe at how EurUsd respected my trendlines and analysis, hehehehehehe ....

Swimming for me even at fckin midnite.

Adios

15-min EurUsd chart ...




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[deadbroke]

Quote from GrandSupercycle:

Downtrend on key equity indexes strengthens further. Choppy
topping since Feb this year is finishing.

http://stockmarket618.wordpress.com

Grand, watch your females, hungry bone is on the prowl and he's blind in one eye and can't see with the other; I'd hate to think what he might do to you if he mistakes you for Nine_Ender.

 

[GrandSupercycle]

EURUSD still indicates it's topping. Last 1.4661
So USD bullish.
-----------------------

Quote from deadbroke:
Grand, watch your females, hungry bone is on the prowl and he's blind in one eye and can't see with the other; I'd hate to think what he might do to you if he mistakes you for Nine_Ender.

Where is Professor Bone these days ?
I hope he's ok.

 

[GrandSupercycle]

Key index weekly charts now give bearish signals - the
correction gathers momentum. Next S&P500 target is 1222.

Ignore the would be trader trolls ...

Longs be careful.

 

[deadbroke]

quick update ....

I have NO position since that 15-min. closed short.

A band of turds rode shotgun on me the whole night - with any luck I left them out in the desert.

Post coming out of Starbucks - home Net kaput. Would short that prick ATT in a heartbeat. (don't take it literally)

good trading to all