Marketsurfer called a 1000 point likely gain on the day after the bottom was in in 2009 A tip from Mr. Nobody: Minimum retracement of the Dow Jones drop from 2007 into 2009 would be to 13,204 = May 2nd, 2008 wave high = no brainer This is 13 times higher than the likely gain of 1000 called by marketsurfer Then voila! The Dow gave AfterLos yet another TIP - @ 12,928 in May 2011 the Dow corrected to YAWN 38.2% and then took off again. So here's TIP #2 .... extrapolate the wave from 2011 top to 10-7-2011 and as you can see I called the current top as per my analysis at 261.8% of said wave extrapolation. So in summary, for the entire bullrun that started in March 2009, the only location I suspected a TOP but never called it as it was not sooo compelling was at the 161.8% in April 2013. But the Dow rapidly started using this level as a support so I nooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo 261.8% is the level = we are there as of July 17, 2014. Hence the TOP CALL for this thread. Now, if this is wrong and Dow shows me strength after taking out the July top and uses it as support, heck, the next turning point will be at 423.6% = a long long ways northbound from here. That my friends is how easy it is. Hahahahahahaha, so you see how shocked I am that I'm f_____d in Gold? In 5 years I have not even come reasonably close to a TOP call for Dow until April 2013 and now July 2014.
Where you see stupidity I see continuing education and self-improvement in Trading. You talk of posting as passion? You don't know doodly. Let me fill you in. Put your trade online in real time for all to see - entry and exit and context and analysis including reasons for the trade and most importantly ... expectation of reward and why the reward is likely at that level? You take the HEAT from losing money if the trade goes bad and + red hot coals of abuse and criticism from the general PUBIC - from the depths of despair and defeat greased by criticism in vast amounts comes the tapping into reserves of power that would never otherwise be uncovered. Its called SUBTERRANEAN GROWTH baby and is different from regular growth in that it comes from low frequency vibrations in the 5 Hz range - such forms the base of strength. That's why I'm posting and welcoming criticism in abundance. I want to get better. Its that simple. And ET is the not only the best but also the ONLY place I know of where this type of learning and improvement can occur quite nicely and smoothly, pain in vast amounts notwithstanding. That's why amigo I put in the time and work
Gold: New BUY orders @ 1284.17 & $1290.42 are plugged in IF Gold does a whopper lightning breakout they'll fire STOP is as stated under June 3rd
Even one hair above July 17 top and I'm WRONG - regardless a crash right thereafter. WRONG is wrong, no 2 ways to interpret
on ET, there is never wrong!!! Say this was only 1% of account and next trade is 20% of account. Then say you made 100% on hedging some obscure product, and then say you are still up 1,003% percent from trading 20-years ago......i'm sure i'm missing a few tricks of ET.
Cannot and won't do that, my friend. Why? It defeats all the benefits of getting hammered to a pulp and standing back up and learning therefrom. My Gold trade has a much larger percentage than you mentioned (1% of account) and it is NOT hedged. I repeat I have no insurance, no hedge. The nite the support @ $1283 appeared to fail and you guys gave me huge static, I slept like a foetus, all curled up and in agony - all nite long. Yeah they say, "control your emotions" - that's why all stock market books\rightclick\sendto\Recycle Bin My best accomplishment in the Stock Market thus far? They took everything from me, nothing left, no pride, no dignity, it sent me back to BASIC-BASIC The one thing THEY can NEVER take from me is my godgiven ability to close business deals - no Sir, ain't nobody going to take that from me, that came from God, only he can taketh away. With said ability I can recover all losses in under a week stateside when I return to my Sales business in California. That is the ONLY insurance I have.
Human Nature aka a CROWD character TRAIT revisited: The last post of marketsurfer's thread above was on March 25th, 2009, just 19 days after a BOTTOM had been put in. AfterLos sees the total lack of follow-up by participants + the not returning to say "well-done" by the critics who said a lot of crap, including accusations Shocking? ..... Hardly! That be human nature of CROWDS = the mob runs amuck and kills = but has zero responsibility to make things right Just another day in the office for AfterLOS studying CROWD SENTIMENT
I think you might find it interesting. http://peterlbrandt.com/bearish-technical-case-precious-metals/