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

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Good to see you're alive and well Professor Bone.
:D


EURUSD downtrend and USD uptrend continues.
Key equity index weekly charts give bearish signals as the choppy correction gains momentum. S&P500 target is 1222 but that won’t hold. Unfortunately the March 2009 lows will be breached.
 
Still NO TRADE = FLAT continues ......

but, would I have loved to have been SHORT for the recent juicy drop in EurUsd? .... yeah baby, it would have been sweet and highly profitable - these are the types of events that spur me to the next level.

So its clear that I've run into the NEXT HIGHER PERSONAL RESISTANCE LEVEL.

Therefore the loss of not participating in the juicy SHORT will, if utilized properly, provide remuneration in spades later on in LIFE.

Therefore next level of tuition paid, paid paid and probably could pay some more.

But ONE datum has not been violated, probably TWO ....

(1) Preservation of Capital and Profits.

(2) Do NOT get involved with things/events/scenarios/positions that one does not understand. Wait for things to clear up. The only viable decision during such storms is, "defensive step back and regroup"


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Is there a light?

Yes, its aborning.

Coming up in next post regarding the US Dollar.
 
A closer look at the Rogue Wave (US Dollar) - if anyone doubts the he is indeed a rogue wave, just watch how he flogs the Dow. :)

And THEY (the retards) said that HE (the $) was so diluted and so worthless that he would go under and die and that a new MASTER currency would take his place.

Yeah, suck my dick, retards. :)

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Tomorrow or the next day I will take a closer look at EurUsd, but for now, as always, one must start the anal-ysis with the King of Kings, aka the $ - so here goes .....

A kick in the ass for myself for NOT grasping the likelihood of the BASIC event that after 5 waves there will be an A-B-C recovery wave (recovery used here regardless direction, i.e. works in both bull and bear markets)

If it turns out later that I am wrong here, then there is something that I need to understand even deeper, so this is a wait and see ....


Therefore ongoing work on the ROGUE Wave ................

only more time will give me a better idea of where wave B and Wave C will end.

If this scenario is correct then WAVE 3 has NOT yet started.

If wrong and wave 3 has already started, then it fcked me real good because I've missed it.





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Quote from deadbroke:

Grand, wanna take a crack at why Professor bone left so quick? :)
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Leave Grand's crack alone and play with your own bone homo.
 
Quote from deadbroke: Grand, wanna take a crack at why Professor bone left so quick? :)
More...

deadbroke, what have you done with my pal Prof Bone ?
Have you scared him away with your wit ?
:p

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Key equity index downtrend on daily charts strengthens. Weekly
charts are bearish to neutral. I expect the overdue equity
correction to gain considerable momentum.

EURUSD downtrend and USD uptrend continues but EURUSD currently oversold and USD overbought.

USDCHF ~ consolidation continued for longer than expected however daily chart bullish signals have now strengthened and further upside expected.

Ignore the emotional pseudo trader trolls - longs be careful.

http://stockmarket618.wordpress.com
 
Quote from GrandSupercycle:

deadbroke, what have you done with my pal Prof Bone ?
Have you scared him away with your wit ?
:p



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Prof. Bone found neither victims nor prey in this thread so he scampered off brandishing a sword like he was auditioning for a job at Benihana.
 
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