SHORT re-entry for GREAT DEPRESSION 2 - finishing touch

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see prev. chart few posts back for Dow Jones 1H

if you're wondering why the Dow is sort of holding up without crashing further asap then look at my chart and note that the 50% Fib is what is holding things up.

Break that and we go down to 38.2% in a heartbeat. Why?

Because if this is the genuine article known as the 3rd of 3rd the market wastes no time - it is ruthlessly efficient in this segment of the wave - merciless to - akin a ruthless hunter/closer.

Another thing to note is that the Dow within a 3rd of 3rd is now drawn by a fierce pull to the 200 m.a. on 1H which guess what, also lies at the 38.2% Fib.

This is how deadbroke thinks - and prepares - all well in advance - hunters/closers have to operate this way for the other way, the way of prey species, namely to react, is for idiots.

Lord have mercy, watch Jack on lead bass - don't miss the latter half.
Watch these well-informed young folk in the audience - why? - because it takes knowledge and taste to dig this stuff that was the creme de la crreme of the 1960 - and this trio is undoubtedly up there with the Beatles as the greatest combo ever.

Lord have mercy with Ginger Baker's drumming.

And Eric? No words can describe his ART.


http://www.youtube.com/watch?v=--qzM3NS-is&feature=related

:)
 
Quote from deadbroke:

see prev. chart few posts back for Dow Jones 1H

if you're wondering why the Dow is sort of holding up without crashing further asap then look at my chart and note that the 50% Fib is what is holding things up.

Break that and we go down to 38.2% in a heartbeat. Why?

Because if this is the genuine article known as the 3rd of 3rd the market wastes no time - it is ruthlessly efficient in this segment of the wave - merciless to - akin a ruthless hunter/closer.

Another thing to note is that the Dow within a 3rd of 3rd is now drawn by a fierce pull to the 200 m.a. on 1H which guess what, also lies at the 38.2% Fib.

This is how deadbroke thinks - and prepares - all well in advance - hunters/closers have to operate this way for the other way, the way of prey species, namely to react, is for idiots.




:)
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Behold how the Dow Jones follows deadbroke's script perfectly as he bounces on the trampolene @ the 50% Fib that was shown oh soooo many times for suuuuuch a long time all well in advance of today and all on the same solitary chart for analysis that is now worth thousands of dollars - God bless deadbroke, a man so thoroughly hated at ET that even the Devil in comparison looks like a Saint.





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Quote from deadbroke:

Behold how the Dow Jones follows deadbroke's script perfectly as he bounces on the trampolene @ the 50% Fib that was shown oh soooo many times for suuuuuch a long time all well in advance of today and all on the same solitary chart for analysis that is now worth thousands of dollars - God bless deadbroke, a man so thoroughly hated at ET that even the Devil in comparison looks like a Saint.





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For some enjoyable entertainment all a technician gotta do is tune in to CNBC as they describe the Dow's movements - like so ...

Dow down 2% but was down as much as 2.7% and now starting to go lower towards the session low

:D :D :D :D

for the technician this is just yawn yawn yawn - for the technician its just an internal wave 4, for the junior technician its sideways consolidation at support - waste of time describing it - why - because the trend is down.

:) :) :)
 
I would love for you to be very successful in your trading.
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LOL....I was forced out of my shorts with a loss last week as well. Didn't get wasted but i got out in the nick of time before the triple digit bullslhit run up.

I am successful in the Private Equity World, so It gives me plenty of rewards. I did trade for a living from 1999/2000 til 2005. But the edge disappeared, market manipulation picked up, and being retail...well isn't worth it unless you can make 6 plus figures a year.

But I enjoy a few positions from time to time.

I'm still not convinced, even with this EMU news and Greece saying FUCK YOU....that we are going to see a trend reversal. I think the risk reward, as of today is on the long side.
 
 
Quote from EMRGLOBAL:

I would love for you to be very successful in your trading.
-------------------

LOL....I was forced out of my shorts with a loss last week as well. Didn't get wasted but i got out in the nick of time before the triple digit bullslhit run up.

I am successful in the Private Equity World, so It gives me plenty of rewards. I did trade for a living from 1999/2000 til 2005. But the edge disappeared, market manipulation picked up, and being retail...well isn't worth it unless you can make 6 plus figures a year.

But I enjoy a few positions from time to time.

I'm still not convinced, even with this EMU news and Greece saying FUCK YOU....that we are going to see a trend reversal. I think the risk reward, as of today is on the long side.
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Very valid argument and one that I would advise anybody to pay attention to.

Here is MY logic and it is mine alone ....

look to the left on the Dow weekly to the 2008 crash - we dropped recently to at least the halfway point of THAT crash BUT the fireworks are nowhere near as dramatic. So when we NOW continue heading down again, if the fireworks don't jump exponentially, something is wrong and caution is warranted.

Like I said, if this is truly a 3rd of 3rd its gotta deliver the goods in terms of rupture and decapitating and dismemberment.

If I don't see that I will be very very suspicious and go LONG on a technical reversal
 
Another thing that I find very far-fetched is that a country like Greece could, in its failure, bring down a powerhouse like Germany.

Sorry but I just don't see that happening to any extent wherein Germany would be decapitated.

And another thing, re: United States

Its going to take a whole lot of megaforce to bring down a giant the size and stature of my USA - no Sir, its going to need a tsunami of lambda 2 Km to break its bow.

And at the current time the USA has no 2nd place contender.

The chinks? Fuck them - I don't want those nasty ass pricks in power.

The euro dismantling? Fuck that man. Sorry, don't see it.

A whole lotta shit going down, yes, but total decapitation NO NO NO.
 
Thread title finishing touch complete.

Preparing to close the thread.

Major accomplishment thus far is not related to any calls or any market action - rather to the fact that I am even more disliked at ET than before. To me, that's a bull-run in personal progress. :) :)

Very much appreciated though is the fact that almost nobody enters my threads to post - thank you kindly for that - my threads are used for further study of my method which continues to be in further development. Its much easier to just scroll down and find my posts so I have rapid continuity.

Lucrum is of course always welcome - good luck to you amigo, good luck with the work on your engine - may you strike it rich with your endeavor - offer still open to solve your engine problem with my classmates from engineering school who are employed at NASA - solution 80% plus probability. See you in the next thread, amigo.

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Analysis thoughts for now before closing this thread.

I'm not happy with the dopey 3rd of 3rd downwave thus far. And if the dopiness continues it is most certainly not a 3rd of 3rd. Sure I made nice money, real nice money especially on EurUsd, the bulk of my endeavors as always.

But the Dow is not satisfying me with the decline to where I know with certainty that the 3rd of 3rd is afoot. I am far from sure at this point due to the the paltry 300 point drop.

I want and demand 1000 point action for the 3rd of 3rd - if I don't get that, then fuck it, I ain't interested in putting on a position and going to the beach for 15 months. I am forced to trade the down and up moves like a fckin moron on the 1 H chart, something I totally detest doing primarily because TRADING was meant to be a back burner operation that required gobs of work done in analysis ONLY at the start of reversal and then go back to life once I've jumped on the wave - these waves in currencies last for years and that was my game plan to ride them on the back alley of my life, constantly making money without any attention more than 5 minutes a day to view the daily chart and then back to life.

What I was counting on was the GREAT DEPRESSION magnificent downtrend - a downtrend which does not violate the basics of trend for an ogonblick, one that I could just look at each morning and say that's it for the day - the trend is still down - back to the beach.

Unfortunately thus far I cannot do that as the move down is relatively wimpy.
 
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