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

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Quote from GrandSupercycle:

EURUSD still indicates it's topping. Last 1.4661
So USD bullish.
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Where is Professor Bone these days ?
I hope he's ok.
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Professor bone is most likely living up to his name, Spread Professor, namely causing others to spread.
 
ROFL !
You really should get your own blog.

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EURUSD downtrend is confirmed. Last 1.4592
USD rally momentum increases.

stockmarket618.wordpress.com
 
"Cyclical methods in technical analysis, for instance the Elliott Wave Theory, function especially well on paper. The theory is not quite so successful when the forecasts are compared with actual trades. It is, of course, possible that the downwards correction in a market equals exactly 61.8 per cent (a so-called Fibonacci retracement) of the preceding upwards movement, in which case the theory has been proven right once again. The fact that the market has previously breached other main correction levels is not mentioned. As long as the analyst does not need to trade, he can afford the luxury of cherry picking hits only. Insinuating that someone who does not earn any money using the Elliot Wave Theory or Gann cycli has not understood these theories correctly is going too far, however."
Goldberg and von Nitzsch (1999)
 
Quote from deadbroke:

I have NO position since that 15-min. closed short.
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Is there anyone here naive enough to believe you EVER had a position?
 
Quote from bone:

"Cyclical methods in technical analysis, for instance the Elliott Wave Theory, function especially well on paper. The theory is not quite so successful when the forecasts are compared with actual trades. It is, of course, possible that the downwards correction in a market equals exactly 61.8 per cent (a so-called Fibonacci retracement) of the preceding upwards movement, in which case the theory has been proven right once again. The fact that the market has previously breached other main correction levels is not mentioned. As long as the analyst does not need to trade, he can afford the luxury of cherry picking hits only. Insinuating that someone who does not earn any money using the Elliot Wave Theory or Gann cycli has not understood these theories correctly is going too far, however."
Goldberg and von Nitzsch (1999)
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:D :D :D :D :D :D :D :D
 
Quote from bone:


Goldberg and von Nitzsch (1999)
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2 bigwig opinion leaders within the wildebeest community.

A lion pays no attention to what anyone within said community says or thinks. The only purpose the latter serve is to continue to lead astray the masses, thereby guaranteeing the sustenance and longevity of the former. (deadbroke 2011)
 
Mandelbrot, Benoit and Richard L. Hudson (2004). The (mis)Behavior of Markets, New York: Basic Books, p. 245

"But Wave prediction is a very uncertain business. It is an art to which the subjective judgement of the chartists matters more than the objective, replicable verdict of the numbers. The record of this, as of most technical analysis, is at best mixed."
 
Quote from bone:

Mandelbrot, Benoit and Richard L. Hudson (2004). The (mis)Behavior of Markets, New York: Basic Books, p. 245

"But Wave prediction is a very uncertain business. It is an art to which the subjective judgement of the chartists matters more than the objective, replicable verdict of the numbers. The record of this, as of most technical analysis, is at best mixed."
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>>> "But Wave prediction is a very uncertain business. <<<

Correct!

Now behold another sure telltale sign that the bigwigs were/are WILDEBEEST gurus/leaders .....

Certainty is a commodity that only the BEEST can afford and judging from THEIR certainty at TOPS and BOTTOMS that they themselves create, they get screwed ALWAYS (= certainty :) :D :D )

Certainty is a commodity that the lion cannot afford - HE deals only and exclusively in the domain of PROBABILITIES aka ODDS.

(deadbroke 2011)
 
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