Well I hope I'm not the only one-- but that last post from someone pretending to be DB has me very interested. Clearly on several levels those words are not DB's, you don't have to work at the FBI to know that (but it helps to have a friend who profiles serial killers there.) DB would never start off by saying sorry and not be able to post the same chart over and over as he has from DOW 10,100 to where we are now DOW 10,100... it's been a big circle pattern for DB and all of us. You don't see many spiral patterns in investing which is interesting; there can be no doubt we have been coiling around DOW 10,000 in an ever tighter circle and the result will be quite drastic. It has to. Drastic Up. India Up China Up Apple Up NFLX up (same reason?) There has been a topsey tervey relationship between the Challenger & ADP survey & the Gov Payroll Report lately... I feel very strongly the number Fri will be very large. Challenger did say planned firings was sig down....The market will skyrocket that 111 points we talked about from 10,100 so when the dust settles folks will be invested for the next month and will be at that important Fib area of 10,370. Not that much higher from here. The REAL run will happen when the White House formalizes a tax plan and my dream is that they realize they need to encourage long term investing so a capital Gain tax breakdown like this would work very well. On holdings of one day. 35% On holdings 2days to 6 months 30% On holdings of 6 months to a year 25% On holdings 1- 3 years 15% On holdings 5 years or more 10% This would provide the same overall amount to the government I believe and we could begin to get investing back to what it's supposed to be. Clarification on taxes- screw the Bush tax cuts... a NEW IDEA is in order; this is what this market needs. If that comes so does 14,000. Today I'm beating this heat and scooting to Ct. I have a plan; I have the names. I have a backup plan. Today if anything it would be CF CAVM PPO These are ST positions. For LT players UFS KEM As to the fate of dear DB... something really spooked him... must of been that profile... Wow was that a bomb. I have no idea what I wrote on mine, I better be careful but here's to being right again. I've done a lot of good work here I don't mind saying and next time it will be on my own thread after Labor Day. Unfortunately, this thead is now CLOSED. ~stoney
10yr topping formation = Head and Shoulders Left Shoulder: January 14, 2000: 11722.58 1st Neckline: Oct 9, 2002: 7286.27 Head: Oct 9, 2007: 14164.53 2nd Neckline: March 9, 2009: 6547.05 Right Shoulder: April 23, 2010: 11204.28 Recommendation: Long Europe Long Asia Short the US
Stoney, That was my post. Moving to new location, no internet yet so updates from Internet Cafe. International trip coming up soon, so posts will be infrequent until weeks later on.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=203700&highlight=biggest+and+loser see the thread above - all are losers therein. Killthesunshine is the current #1. I intend to surpass him and be #1.
WANNABE REALMONEY TRADER Still a correct description of my realtime trading status. Internship ongoing with now total # of live trades = my forex thread + new EurUsd + UsdJpy threads = very few but will pick up in 2011-12.
Thread DAILY chart short CALL for Dow Jones continues unabated. (Note: every rally brings in HERD members making noise. This is normal) See several posts back for my mention of a possible rally to complete my Diamond reversal formation. When this pattern completes, we get the full blown reversal.
I rarely fail at what I attempt. Even realtime trading will soon be bested - just a matter of time. But let's deal with you first, the main Mother Superior of ET .... another HERD quality uncovered by yours truly .... any high volume poster at ET is automatically considered a loser. This seems to be the unanimous consensus. You're already there but try to fake it with the posts/day stat. Just as with everything else about the HERD, this too is most likely WRONG. Either way I'll surpass it on my way to realmoney wannabe trader ..
Mother Superior neutralized, part 2 ... unlike the liars and cheats here, I stated my position on my 2nd day at ET, namely October 15, 2009 .... ""Then I'd better get this in quick before anybody loses money - I've just started out with realmoney trading - only 3 trades under my belt; study and demo completed. I'm going to keep trading sizes under 1 Lot pref. building from 1 mini-Lot & scaling in if correct. Personal preference is 4H and daily. Want to catch the wave and ride it for months if I can get the direction correct. deadbroke is my first name, Novice my last" .......................... my original starting thread at ET is here and note this for your edification - I was the ONLY ONE calling a Dollar bottom. The HERD as usual was in a bullmarket in zero-PRESCIENCE!!!! http://www.elitetrader.com/vb/showthread.php? s=&threadid=179167&highlight=trigger