The only 2 possibilities I see are (1) We are going up to the 50% or 61.8% fib on daily frame as I mentioned and warned about in earlier post and opening post #2 or thereabouts (will check tomorrow). this means we will take out the July 13 top and exceed it to my targets, but the daily short will be unperturbed. (2) This rally today is a trap because the move down from July 13 high on 60-min is a 5-wave move, BEAR's signature which means the trend on 60-min. has reverted to DOWN! What you saw and are seeing after the 5-down is an a-b-c upward corrective move, with the current upwave rally the "c" part. when it ends, the crash will resume. These are the 2 possibilities. Uploaded with ImageShack.us
----------------------------------- I found it. here is the prev. post stating exactly what my margin of error is.
I'm a total dummy for licking pussy and drinking on such an important move. But what the hell to do, life has to go on .... as I think at warp speed with limited resources mentally, here is possibility #3, a developing one, perhaps. Note: wave b shown can exceed the top by a bit, thus fooling many. Its one of BEAR's tricks. Uploaded with ImageShack.us
Both! Let me spell it out some more ... (1) Dow targets are (from page 2 of this very thread) 4000 ... = uptrendline from 1974 2325 .. = previous 4th wave of lesser degree 615 .. = previous 4th wave of lesser degree MY call is 615 is the final destination! ------------------------------------------ (2) Financial apocalyse See # (1) Isn't that enough? Its not? OK, then ..... Greater Depression = 2-3 x Great Dep. but = or > Depression of 1720-1784 Fasten seat belts. As always, ET will be the last one to find out as they always are at any top or bottom. In fact the new definition for an ET-er, is one who gets grace marks and still fails!!!!!! I'm going up ALONE against the entire ET lot. Thread call running nicely
For brownegg: Since you said I'd get banned ... it will be because of the above playing out. If it does play out AGAIN at this current rally level and then a whole new crash leg gets going, what do you think newbies are going to think when they read this thread in the future? Easy! ET is loaded to the hilt with prescience-less retards!
You made this call in April????? You are very late, my friend http://www.elitetrader.com/vb/showt...=188151&perpage=6&highlight=6250&pagenumber=3 Any kind of Gann/Fib/cycle analysis showed this at the beginning of the year.