Let me wrap up my commentary here. As a rule I have not posted my charts over the years. Before this my last chart was posted on 26AUG06 if I remember correctly (lol). There are thee issues that I addressed here: 1. The up coming Bear market dealing with the end of the Bull retrace. Charting above the channel levels requires a slow fractal where bars are days or wekks or quarters in duration. I also read serious publications: Foreign Affairs Quarterly; The Economist and a host of others. The Stochastics Society is also on my watch list. 2. I addressed the focal point of annotating for me. The attached and its prior are helpful to a lot of people here who work to learn and work to become expert. I have shown the CP4 helper and other items to keep on fractal and log the legos on many levels. Here are some notes to minimize confusion. 2a. Through today you see how "inverted saucers" are formed with container segments on the same fractal. (BBT's in this case.) 2b. There is a "news" issue covered. At bar seven on EST time there was news and the "outside bar flashed into the fractal momentarily. This brief "effect" is not like important news which lasts longer than three subBBT fractals. I used to call them "Greenspans" of a point value of 150 DJXX points. It looks like there is a Green line violation on bar 7; in fact, I ignored it in BBT terms. 2c. 2b also relates to when the day margin ends and the evening margin begins. 3. I delt with the mutually exclusive worlds of induction of the CW and the deductive pool extraction paradigm which is the foundation of binary vector trading. The worlds of probability and non probability to not overlap. As you see it was not possible for many of the induction convention to think in terms of information theory's non probabilitic foundations and cornerstones provided by guys like Carnap and Keynes. It is difficult for most to sideline the thoughts of Bayes and "frequentists". I must keep out of the way of people who cannot process critical thinking. I was supporting the OP with rational information. It is not a workable situation. It is very common in the industry for people to "lift" the practices of others and use their names and ID's of concepts to acquire followings for various purposes. I understand how these things end. The filters we use always work. I request that the thread not be split nor abridged. I especially do not want to support the OP any further. I feel that I have clarified the situation and I feel it is not a good idea for my name or the name Cash Cow not to be used in this thread any longer. To facilitate that I will not post here any longer since my name would be placed in the thread automatically. I have certainly delighted in the questions I got to answer regarding the Pool Extraction Paradym and the economic status.
Hi, Jack, thanks for posting. I will admit I don't what you're talking about in many of these instances, but that doesn't matter because no one really understands you anyway. I'm not programmed any differently than a rational person would wish to verify trading methods with. Cash Cow is the only system that's been shown effective. If you have a backtest, you're welcome to post it. Otherwise there's not much else to discuss, without seeing the results of whatever system you have. To date the only one I've seen is from Scottd, and even he didn't make it work. I left two days ago, and I do not wish to continue with this dialogue, because you haven't made any points than to post about charts. Making a point to me would include why the charts say what they say to you. Without that, I can start posting charts and discussing them, but if I never say what each line is, or <i>how it's written</i>, we won't ever get anywhere.
Jack, while I applaud you for making a rare call without the benefit of hindsight, perhaps you should have stuck to what you wrote about predicting last October: Predicting is one of the myths many traders believe in. I do not believe in prediction for one reason: it is not necessary. As it happens, also, it does not work. http://www.elitetrader.com/vb/showthread.php?s=&postid=2122415&#post2122415 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2564249>
It has gone up, T, so I'm not quite sure what your problem is. He's predicting a spike up followed by a descent down. How far down he didn't say, but both he and I traded on the same day probably for different reasons. I was out of QLD at 44.70 with a model price of 44.74 for net negative slippage on the trade of 2 cents, and I had had 6 cents I think of positive slippage before that. The entry price was 43.66 and the model price was 43.68. Still waiting on Cash Cow to do some trades.
Here is the correct quote and time stamp for JH's "prediction", as you call it. 09-01-09 10:12 AM Recently (yesterday) was a big turning point for the markets. All fractals but the bull/bear fractal came to the end of their runs (legos) about midday. This final long channel that is underway will bring to the final end the Bull retrace of the economic Bear market we are in for the foreseeable future. (for those who are precision oriented CP4 is in play, however). So the date we are talking about is 8-31-09 and he says that something happened about midday which is when I also have 'something' happening and about which 'something' it does not seem useful to elaborate on given the discourse history between yourself (and others) and JH (and others). Don't get fooled on the retrace.
I think something happened yesterday, too. Let's keep it going. If something happens in a forest and no one notices, did something really happen?
Here's something tangible- My buddy's print finish shop's books are finally back to break even, and the work is stacking up. He does high end print finishing which deals with high end clients. Typical print shops don't have these unique machines because typical printers mass produce, and print finishing is specialty image enhancing work. Anyway, the point is that his type of business is the 3rd or 4th domino to fall in a recovering economy. Another notch or two of demand and he's hiring.
lol - Tuesday night Jack makes a call anticipating the lows to be in on Wednesday morning, as the next (and final) leg up is beginning and once complete, dominance (down) will resume. Wednesday morning sees a low of 991 by 10:30 am ET and we close today at 1014. ~23 point move in <3 days... Cash Cow. Again nice call Jack - making it look easy.
Wrong. I was quoting something he posted almost 10 hours after that, at 09-01-09 08:09 PM, just as I said: As a trader for 53 years, this turning point tomorrow is the most significant I have seen in my life. http://www.elitetrader.com/vb/showthread.php?s=&postid=2560747#post2560747
Put down the koolaid cup and please tell me how Wednesday was the most significant turning point in 53 years.