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

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Quote from deadbroke:

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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Opinion and analysis unchanged, so no trades. Nice long break to live life outside trading. :)
 
The Elliottwave hater and stalker is invited to continue the discussion and attack right here in OPEN FORUM also known as broad daylight.

Joe has permission to go into my PM box.

In the wild, lion territorial and methodology disputes occur in the open - the PM box is akin to pissing on the trees to mark territory; I believe this stage is crossed and we ought to move on to the actual fight.

If the fight is accepted, then my word to Joe re: referencing name

is obviously retracted and null and void.

Welcome!

:)
 
A reminder ......

Dow and Dollar Index were timed perfectly well in advance here - for Dollar Index see the 13th post for the weekly chart depiction of where the turn would occur. All thru' the thread were footprints (posts) of the countless fools who never ever saw anything coming.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=219266&highlight=Dow+Top+Call

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Then in this thread they disappeared - not a single one showed up to "fess up like a man" - they must have been in shock that the one standing dogma at ET was broken -MARKET TURNS ARE IMPOSSIBLE TO CALL CORRECTLY

But the turns did occur as called and for the Dow and Dollar Index they occurred at precisely the level shown in advance .... see the 7th post here ...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=220543&highlight=Dow+Top+Call


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Fast forward to today and here's what the Rogue Wave looks like - Oh how nice, right up against my trendline and retreating to reconsider and gain power and then try to thrust thru' ....




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And penultimately here is the CALL made on Dollar Index ONE-HOUR timeframe several days ago after which I have not traded, only waited for the expected Wave 3 up ........




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Finally, here is what Dollar Index one-hour looks like today .... remember the old Target Box? I left it as-is on the chart to show the percentage error in the sub-call.




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Quote from deadbroke:

Amen!

Now move that very same trendline thusly ...

any breakout past this trendline north bound is a LONG entry denoting a full 5 waves complete on 1H. A continued down wave would be the subdividing mentioned.



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Amen! Even the 261.8% support shown, held.

The IJJIT stalker will note that once again as is so often again and again and again the case, it was called well in advance ... and here's the guarantee - no other methodology can predict this much in advance that a wave will end and that for the end, a simple trendline will be enough for the final signal.

That's why I stated its pointless for an adult who KNOWS the strengths of the methodology to argue with a 2-yr old pigheaded, assinine, hovine, bovine, daft nincompoop who CANNOT argue because by definition he has never studied the subject except from an armchair watching TV.

Show up here and fight fair, like a man instead of hiding behind the skirts of the cops here. Yeah yeah yeah yawn yawn yawn we know you can get anyone expelled or have their threads send to Politics or Chitchat by just a whining flick of the wrist.




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Quote from deadbroke:

A reminder ......

Dow and Dollar Index were timed perfectly well in advance here - for Dollar Index see the 13th post for the weekly chart depiction of where the turn would occur. All thru' the thread were footprints (posts) of the countless fools who never ever saw anything coming.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=219266&highlight=Dow+Top+Call

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


Then in this thread they disappeared - not a single one showed up to "fess up like a man" - they must have been in shock that the one standing dogma at ET was broken -MARKET TURNS ARE IMPOSSIBLE TO CALL CORRECTLY

But the turns did occur as called and for the Dow and Dollar Index they occurred at precisely the level shown in advance .... see the 7th post here ...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=220543&highlight=Dow+Top+Call


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


Fast forward to today and here's what the Rogue Wave looks like - Oh how nice, right up against my trendline and retreating to reconsider and gain power and then try to thrust thru' ....




Uploaded with ImageShack.us


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



And penultimately here is the CALL made on Dollar Index ONE-HOUR timeframe several days ago after which I have not traded, only waited for the expected Wave 3 up ........




Uploaded with ImageShack.us




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



Finally, here is what Dollar Index one-hour looks like today .... remember the old Target Box? I left it as-is on the chart to show the percentage error in the sub-call.




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Dollar Index 60-min. chart updated. Note that everything is as-is, no changes. I've moved the "C" to the right as the chart hard right edge develops - I'm looking for "C" to show a clear 5 waves as it is an impulse wave. So until this develops I keep waiting because as per my own thinking, Wave 3 up in the Dollar will develop after "C" completes.

I could be wrong but this is my play and the current play is not to play.





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Let's assume I'm right in my thinking - if wrong then fuck it, I'll make zip for weeks so that's enough penance. :)

So I'll throw a freebie here for the retard who was talking kindergarten shit to me in my PM box. My generosity knows no bounds sometimes and right now is one of those times. Never mind why. :)

Trading successfully is about risk assessment - some idiot said in a book that its as easy as walking over to some money lying around and just picking it up - that's an exaggeration meant for the gullible book purchasers but for me I'd tell the author to go fck himself.

Here's is the el superlative risk assessment technique but to use it properly you dummies are just going to have to learn wave stuff - I doubt anyone here ever will, most are just too thick to even learn about trendlines, but fck it, I'm generous today ....
 
When a downtrend ends, especially a long downtrend, and the first wave up fires, one knows that its a first wave up because the preceding sideways motion aka triangle before the final low denotes a 4th wave so one is ready and knows that a reversal is at hand.

Note sometimes there is no triangle but a simple zigzag, so then one gets verification from momentum to know that a 4th is occurring.

Anyway, after the reversal has occurred and a first wave up has been printed, there must be a correction aka wave 2 and this wave 2 will hold above the low and when momentum gets very low to the downside you've just gotta get in with full power, I mean total power and ALL wherewithal that you've set aside for trading purposes because that there is the

LOWEST RISK IN CHRISTENDOM

Wave 3 up immediately thereafter will give you sooooo much profits that you don't need to trade much thereafter - that's exactly why my # of trades is small.

Then I wait for the 4th wave low and get in for wave 5 - the risk level is a bit higher here but still acceptable.
 
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