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

deadbroke · Jun 9, 2011

Quote from bone:

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

" It is an art to which the subjective judgement of the chartists matters more than the objective, replicable verdict of the numbers.

CORRECT!

Now behold yet another of the aphorisms of the WILDEBEEST .....

Being told what to do and when to do it and what's more that it is the right thing to do is the modus operandi of the BEEST. They function as ONE and rely heavily upon someone ELSE making the first move and then they follow willy-nilly.

The lion relishes and thoroughly enjoys the concept of JUDGEMENT and the Aesthetics, Ethics and FINE ART that it entails. Regardless what the "objectivity" suggests, the "look and feel" of THE MOVE plays a superior role in the decision-making process.

(deadbroke 2011)

bone · Jun 9, 2011

deadbroke · Jun 9, 2011

Quote from bone:

The record of this, as of most technical analysis, is at best mixed."

Correct!!!!

But the dead one is no ordinary hunter - see below for why ....

Behold the lion - 10% to 30% success rate, mostly near 18%, too low for deadbroke - not acceptable.

But the dead one adds a magnificent dimension to the Lion and he does this knowingly by incorporating a variety of methods that dovetail into a fluid attack - a work very much still in progress but developing at a rapid clip .....

success rates of hunters

#1. Cougar

#2 Cheetah

#3 Tiger

#4 Wild Dog

#5 Hyena

#6 Lion

As you can easily see, the features the dead one incorporates into his attack are .....

cunning & stealth, speed, power, endurance, persistence & resolve, strength

and all these features under the command of deadbroke's analytical mind, the seat of intelligence, ethics and aesthetics, and one gets the idea of how far this can go. There is no more formidable fighting force than this.

(deadbroke 2011)

deadbroke · Jun 9, 2011

Quote from bone:

Thanks for confirming that to win you hold a gun to your broker's head.

bone · Jun 9, 2011

Quote from deadbroke:

Thanks for confirming that to win you hold a gun to your broker's head.

Amen, Brother. Or a compound bow will do nicely. Forgive the tawdry humor at your expense. Please carry on.

deadbroke · Jun 9, 2011

countdown to the arrival of the other ET sponsors, BlackBison and gang - starts now ...

bring guns please, come to papa

deadbroke · Jun 9, 2011

Quote from bone:

Amen, Brother. Or a compound bow will do nicely. Forgive the tawdry humor at your expense. Please carry on.

I'm generous when I dine in sybaritic splendor.

deadbroke · Jun 9, 2011

I missed this later SHORT too, not because I didn't want to SHORT but because something threw me for a loop right after Murphy cut my Net connection.

I have no position. So if the top is in already on 1H, I missed this latest entry.

What I'm leaning toward and suspecting is that there is one more 1H top or Top challenge because this current drop is only a wave 4. One more rise, i.e. wave 5 would complete the sequence.

So I've drawn a new grid to reflect this and also added the Head and Shoulder Top which gives (minimum)target to 1.4416, just a tad lower than the 38.2% Fib retracement of wave 3

Ongoing thought-ing ....

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deadbroke · Jun 9, 2011

Quote from bone:

bone, you naughty boy, you shot another ET sponsor - didn't you see the golden mane before you fired? Haven't I been telling you over and over again that there is only ONE dark (black)- maned lion here?

Lucrum · Jun 9, 2011

Quote from deadbroke:

I missed this later SHORT too, not because I didn't want to SHORT but because I don't have a brokerage account in the first place