greetings & best wishes to you, boss. that will come back to haunt you within 1-6 months. And what I'm about to deliver will be icing on the cake that confirms that ET, like the Titanic, has been sinking inexorably, but the band plays Lalaland music non-stop. ------------------------- The LARGER view to a KILL: "Rommel, you magnificent bastard, I read your book" ... General George S. Patton as he surveys the tank battle in Libya. "PRICE, you magnificent bastard, I read your book" ... Deadbroke H. Novice aka Mr. Nobody as he surveys last year's REPROBATE (the $) demolish COUNTRIES. Pinpointed, knife thru' butter summary: (all anal-ysis purely my own) The entire WORLD is absolutely oblivious but totally hostage to just one incipient, aborning attack scenario, "the inverse H&S on Dollar Index MONTHLY" - the hint that it will fire = ignite being given already by EurUsd breakdown of its own neckline!!!! And $ is right at the neckline NOW!!!!! I'm fully prepared (as outlined in my TA thread). Art thou? full explanation follows in next post
pull up the MONTHLIES on the following ..... Dollar Index, EurUsd, DEM, UsdChf, ChfUsd, GbpUsd. the reason to include DEM (Deutsche Mark) and CHFUSD is because of the loooong HISTORY. + the power of the euro resides in the original Deutsche Mark, a truly magnificent beast. Then see the stupendous uptrendline from 1940 for DEM. Now work on one to the other, SPOT the HEAD & SHOULDER + NECKLINE. Note that GBPUSD has no H&S but a beautiful trendline that has already busted to the downside. EurUsd has busted the neckline, but Dollar Index has NOT YET broken-out thru' its inverse H&S neckline. Its on the verge. Then look to the left on the Dollar Index monthly at the similar pattern in 1986 to 1997 and what occurred after topside breakout, noting that that was during an extant Dollar massive downtrend. If you want to get stoned just show the same H&S pattern on dollar index monthly thru' to the weekly, daily and realtime. See the perfect touches of the neckline day before yesterday? Fckin A!!! Now look at the Dow Jones MONTHLY - downlsoping neckline from left to right, right shoulder being formed currently - how can one possibly know that the shoulder is being formed? Because all thru' 2009, my bellowing thru' a megaphone was, "how can it be a bull with such low volume?" ---- meaning, a H&S pattern requires, by definition, a total drying up of volume on the right shoulder. Did we not get a limp dick rally? Yeah, deeg eet mahn, let's juss say fuck it and go have some rohm and coke, lean back and watch the ocean. The devilishness of BEAR!!!! Perched high up in the mental realm atop a crucible, he's laffing hees ass off as he sees his student finally gott-ed the intermarket relationship signal-issimos!!! The secret lies entirely with CURRENCIES - they be the boss. Even Santelli has been screaming for people to pay attention to EURJPY (Euro/Yen). best wishes to ALL
Not really. We all know that when a person makes a call, and that call doesn't go his way, that the time frame of the trade magically expands to "1 - 6 months".
Not true with me, boss. I have neither dignity nor pride left; please note that CALLS on page 1 of my TA thread which represent the HEART of my position and stance is ALL MONTHLY timeframe. I believe that what you might be referring to is the call I made on "baron, the sponsors and ET deathwatch countdown starts now?" ..... jeez boss, give me a break, how could that possibly be a nanotimeframe call? It was referred to page 1 to be in line with my TA thread call and is therefore a MONTHLY timeframe call. see next post for a true realtime aka short-term call regards
------------------------------------------ boss, this is the realtime, short-term or intermediate-term call that is a SUCCESS. No biggie, no need to write to Ma about it, its all about getting better and learning. That's the perspective; anything else, BEAR punishes swiftly. Note that the call was made @ EurUsd = 1.1967 (friday's close). Only 4 bars later (1H bars) on open for this week, the euro bottomed (for now). The triangle cautionary signal worked although TA bashers will say its hocus-pocus. I don't mind. How often does stuff like this TA work? ... every damn day!!! Note also that I said to catch the aborning LONG on 5-min. So anybody who followed, MADE money. But it belies the greatest aspect of the call. PRESERVATION. Everybody was calling for Euro death and certain more short, short, short. My call got them to preserve short profits and enter the new Long early. nuff said. stay tuned for important update on one aspect of this call, but the CALL is now COMPLETE = FULLFILLED!!!
See 1H EurUsd right now, this very minute .... 1.2102. Do you see that she has crossed the 200 m.a. on 1H? And why do you think that we are seeing a red bar forming now, right now? Because she hit the EXACT 50% monthly Fib line mentioned in the CALL 3 posts or so back. That is a MONTHLY line but I keep it showing thru' ALL timeframes as its a key figure. Dig? Now you decide how to continue to play. Me, I've got World Cup soccer starting tomorrow and my team, the USA is playing England. For one whole month I'm going to be in paradise watching this beautiful stuff. It a real bummer that we have to go up against England so early in the competition, but I've got faith in Donovan. Wish 'em luck.
------------------------ re: elasticity and slingshot power of the Monthly fib ..... (not to be found in any book, but because Fluid Mechanics, Thermodynamics and Aerodynamics were my favs, AND PRICE has whispered to me that he CAN and should be viewed within the realm of Bernoulli's equation AT SUPPORT/RESISTANCE ......) On 1H Price is much lower than the 50% monthly fib-line and could cause one to assume that the support has totally failed. NO it hasn't. Price is building up static pressure during the meandering for hours and hours in this case. The slingshot can fire at any time, even from below the support line. Static pressure will convert to Dynamic pressure, which has Velocity squared as a component - hence the speed aka rocket. So until then I would hold off judgement on the Coefficient of Restitution of the support. Give it a chance and time. I'm a bit drunk so sorry for the incoherency. Luv you all. http://www.grc.nasa.gov/WWW/K-12/airplane/bern.html
greetings and best wishes to you, boss. you said I don't have room to talk because of some of my recent predictions (you said this a few posts ago) see within the quote above at all those instruments that are moving CORRECTLY and in line with my CALL as per my TA thread (link above). But as explained earlier, ALL CALLS are monthly timeframe. That they are moving in the right direction is only encouraging, the key being that this goes on and on and on. Therefore evaluation of the CALLs is done monthly or quarterly. one exception: EURGBP This one has not fired yet. So I'm very happy to admit I'm a total dummy on this one. I should have been smarter to realize that once the 38.2% fib gave way, we'd be headed to 50% retracement. I think perhaps you've been around ET kids playing video games too long. Jon Stewart told Jim Kramer (live), "this is not a fckin game" .... re: you're hurting families with the bad calls that you yourself don't follow. as for me, my entire REAL life is based on what I've written here and in my TA and forex thread. EXACTLY like this. I use TA as my ONE and ONLY weapon to live my financial life. I consult nobody. I wish I had stumbled upon TA when I was younger. Its truly a beautiful thing that TA answers ALL of Psychiatry/Psychology/HERD/Unconscious Mind et al via the footprint on a financial chart. In the next post I shall clarify my call on "baron, the sponsors and ET deathwatch countdown begins on April 26th, 2010"
My CALL "baron, the sponsors and ET deathwatch countdown begins now (April 26, 2010). Oct07 - Mar09 downdraft was handled by BEAR's cub, Teddy. Pops, an adult in his prime, handles the next leg down, a relentless, full-throttle, viscous move. This leg-down already started on April 26, 2010. Dow Jones is now finishing up a likely 50%-61.8% retracement advance of the drop from april 26. What to expect? .... before December 2011, with major onset of pain starting within days/weeks from today. we already have ET-ers at 20% unemployed or under-employed. This will climb to 34% or +. 95% of american ET-ers are George Bush-twice voters, loaded to the hilt with credit and houses (aka ATMs) that have collapsed (broken) in value. As BEAR progresses, these bums will have blown ET as they will lose all interest in anything to do with trading and markets - this being in line with BEARMARKET SENTIMENT. Banks, businesses, pensions, bonds, et al will go into major collapse. Governments will go into default and bankruptcy. A credit tightening wave has already wafted from dormancy since March 2009. It will explode soon and CREDIT will totally shutdown. ET's sponsors will go out of business. ALL of them. There will be a full-blown revolution in America as the public wakes up to the fact that the clowns who've been telling us its biz as usual, were in fact asleep at the wheel, as usual. And what of Baron? Heck, boss doesn't even acknowledge the business cycle and/or market cycles, stating that he's been doing this for 12 years and "its business as usual" Whatever Baron says = one giant topping signal for ET. BEAR will tear him a new one and then some. respectfully submitted and with high affinity, zero malice for our boss. Hope he lives a long time and flourishes and prospers. That is my wish, but its not up to me.
RE: ET's experienced traders/investors/analysts Why didn't a single ET experienced papertrader alert the gang to BP? ET is a private forum, a family, sort of, right? ET-ers by definition are market savvy in ALL aspects of analysis - surely one would expect them to know first and therefore advise us dopey newbies. Dream on; these mothers, even after BP has been crashing for months are still totally clueless. Don't believe me? Heck, just read the threads and posts on BP. What I say now is in hindsight, but how could anyone miss the glaringly obvious DOUBLE-TOP neckline breakdown in Sept-08 weekly chart and then, dig this, the retest of the neckline - all standard ELEMENTARY Technical Analysis? But its even juicier - the MONTHLY long-term uptrendline from 1992 brokedown in July 2008, just 2 months before the weekly Double-top breakdown. All simple, basic TA, not even requiring any Elliottwave or esoteric TA. An investor should/would get the heck out of the Long and get ready to go Short for the duration. Why? Because the HERD is rigged for 5-3 wave sequence and when 5 complete there is all Hell to pay. Even if you count the 5 incorrectly like Prechter is prone to do, the double-top breakdown is God's word = she saw her husband go into the motel with another girl = shit is going to hit the fan. Dig? Now dig this .... I just heard on CNBC some heavy talk about how BP price is stabilizing and we should have a rally/reversal because of all the nice talks with Barack. What a crock! Look at the chart - PRICE is right at the long-term uptrendline support from 1978 AND a hairsbreadth from 61.8% Fib support. Its not Barack causing this, its PRICE. Its always PRICE AS CAUSE, the action on the ground is by pawns in EFFECT. (don't miss the bonus at the very bottom) BP (monthly) Uploaded with ImageShack.us ------------------------------- BP (weekly) ... showing the double-top neckline and retest of neckline Uploaded with ImageShack.us ------------------------------ bonus: http://www.youtube.com/watch?v=2AAa0gd7ClM&feature=player_embedded