Great Depression 2 underway as of July 25, 2014

I can't see how most people feel the market is locked in to go up.
I think it may have topped and that it is going down.
We had a measured move to an estimate of 2012 and ES topped Wednesday at 2011.
I have posted that with a close < 1988 we could start a big leg down, which I'd like to revise to <1982 for stop-running).

We have touched an intraday low of 1989.50

Frothy action abounds with Facebook having set highs of market cap. (replay of the 2000 bubble)

The chart seem to me to be a rounding top.

At what levels are the next support?

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Dr_BVCC said:
As much as i hate to say it, as this thread is a train wreck, but still thinking Gold will see 1354 for this swing.

If 1240 gets taken out then that will be negated.

A smidge nervous as of now but still thinking 1354 is in the cards.

This down swing needed to hit 1256 before having a chance of going up, now that we have that i am still thinking 1354.
More...
Why say the thread is a trainwreck - what value is there in that?
You haven't posted a chart for your thoughts on gold .. do you have one showing why you feel 1354 is coming? How much lower before 1354?
 
aquarian1 said:
I can't see how most people feel the market is locked in to go up.
I think it may have topped and that it is going down.
We had a measured move to an estimate of 2012 and ES topped Wednesday at 2011.
I have posted that with a close < 1988 we could start a big leg down, which I'd like to revise to <1982 for stop-running).

We have touched an intraday low of 1989.50

Frothy action abounds with Facebook having set highs of market cap. (replay of the 2000 bubble)

The chart seem to me to be a rounding top.

At what levels are the next support?

View attachment 144313
More...

many market guessers said market top when GOOG hit 200,300,400,500 and there has been top calling for YEARS now.....guessed tops when TWTR went public, facebook, end-of-year, beginning-of-year, and everywhere in-between. more guessing now with alibaba and whenever the fed meets. guessed when S&P hit 1500, 1600, etc... and now 2000.

i would say the first top call i've seen was when the S&P was near 1200. yes they will be right eventually.

time to BUY, BUY, BUY!!!!!!! S&P is going higher!!!!
 
aquarian1 said:
Why say the thread is a trainwreck - what value is there in that?
You haven't posted a chart for your thoughts on gold .. do you have one showing why you feel 1354 is coming? How much lower before 1354?
More...


I don't bother with any of these negative comments, aquarian1 because NONE of these guys has ever posted a trade in realtime - at best you will see loads of hindsight trades. If I'm wrong I'd like them to post any trade that shows the date and time stamp.

Yawn
 
istoptime said:
many market guessers said market top when GOOG hit 200,300,400,500 and there has been top calling for YEARS now.....guessed tops when TWTR went public, facebook, end-of-year, beginning-of-year, and everywhere in-between. more guessing now with alibaba and whenever the fed meets. guessed when S&P hit 1500, 1600, etc... and now 2000.

i would say the first top call i've seen was when the S&P was near 1200. yes they will be right eventually.

time to BUY, BUY, BUY!!!!!!! S&P is going higher!!!!
More...



I was not one of them. :)

So you just bought, right? Post your entry and profit target please.
 
Great Depression 2: Top call for Dow which will set in motion GD2

aqaurian1
please have a look at these and give me your opinion or perhaps anything else I might have missed

(1)
Symmetry of advancing waves
Dow Jones 2000 top to 2007 top = 20.85% approx
Dow Jones 2007 top to 2014 top = 20.85% approx. to an error of 0.05%

(2)
Fibonacci extrapolation for the 2007 wave to 2014 gives Dow currently @ 138.2% a prominent Fibo

(3)
Fewest bearish advisors in 30 years = huge huge optimism, the likes of which not seen = even more extreme than 2007 top = invokes Warren Buffet's advise to SELLLLLLLLLL

(4)
Not a single BEAR at ET = easy to explain because a BEAR = going against that warm fuzzy feeling of the GROUP = not allowed = you will get killed :D:D:D

(5)
Wave equality
2009 to April 2011 then projected gives equality approx. NOW already
 
Great Depression 2: Warren Buffet Topping formation spotted

AfterLOS be the first fella who dares to call Buffet's fall from grace

Once below 185k kiss Berky class A goodbye for good. It will never recover from the Depression

He took a hit a big hit in the 2008 crash. But that was only the warning.

Wave C down will finish him off for good.

No more CNBC interviews for Warren no more. Becky will have to find a replacement guru

Yawn



Berkshire.png





 
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