Will catch up with my 60-min. charts later today. Will take this up right from the chart that spoke of "rally is doomed to fail because of the 144x200" - why? .. because a couple broads on the rag discharged vaginal effluent and said that it didn't work. BOLLOX!! So will save it for later ... but for now .... In line with THREAD SHORT CALL for Dow Jones, once more ADD TO SHORT right away or you should have already done so at the last end of day close.
ET historians will observe (in hindsight of course) that the HERD has been razzle-dazzled by the last few rallies - has this happened before during my thread? Yes! What followed? An unmitigated missile up the HERD's butt. Will this happen again? Hide and watch! While you're grazing in the pastures like you've been doing since biblical times, unbeknownst to you is the master lion pride taking up position for a full frontal attack. Read about it here on pages 1 and 2. My advice is to place cock and butt in a safe deposit box. http://www.elitetrader.com/vb/showthread.php?s=&threadid=179613&highlight=lambda
That was no trick question. It was a "woman" revenge ploy by you (of the type that all the rest us MEN have to deal with regularly in real life, just an occupational hazard) But you're wrong about my limits being broken. Here's why. The Top call is still ongoing with the april 26 top still intact. The 144x200 call on the 60-min. is also still a good call since what was said was, "rally is doomed" ... no way to know how far a rally will go, just that it is doomed regardless where it goes so preps for add to short are in order. see chart as to how the 144 remains under the 200 ever since the cross. So we still gotta wait for the rally failure or I'm wrong - if the latter, admission right here as always. Man with hand in bush is not always gardener. Uploaded with ImageShack.us
Listen to the words ... http://www.youtube.com/watch?v=TS9_ipu9GKw ---------------------------- amidst the hush-hush, complacency and "normal operation" note that SPY, DIA and Qs rallying on declining volume as they have been since 2009 - with a twist ... the smallest volume since March 2009 for the current rally of the last few days and still battling the 200 day ma trying desperately to get above. THREAD SHORT CALL continues unabated!!
Yet NDX is above its weekly 200 SMA & at the moment its daily one. It is still unclear, breakout formation.
Of course its unclear to you. For you and your HERD brethren its only clear in hindsight. And every single time there is a rally, you waver like "an eye-talian" - seen it before and have pointed it out to you. Now, you're in doubt again. Same clown, same HERD internal mechanism, different rally. Of course I could just whack you over the head with a saucepan and have you look at the daily chart of Nasdaq versus S&P500 - broken below the 200 m.a. on August 11, (a month ago and you still don't cott it), still can't get above the 200 m.a. and now on the verge of delivering a downside DEATHCROSS. If you have disagreement with the concept of Technology vs S&P500 as being a relatively nonpareil proxy for overall market direction, I'll whack you twice - doubt it would make any difference, though. Now call me a rude boy again. "The worst thing about oral sex is the view"
For historians .... Trendsurfers/trendriders who believe in axiom #2 might still be Long. And they would continue to be Long till the market drops quite a bit before they liquidate the Long and enter Short and surf the new downtrend. These surfers have their own systems. Although these trendsurfers are strictly reactive just like their brethren at ET they outclass ET by lightyears in that they play the daily chart trend, which to ET is so long-term as to be in another galaxy. As a new trader developing good trading habits I surf exactly like them with just one major twist - something that they despise and certainly would not approve of ... my developing specialty and sheer pleasure is identifying and taking the swing in the phase of TREND known as TREND TRANSITION. Catching the TREND TRANSITION is what this thread is about. After transitioning, I can ride the trend quite well, I believe and that too will be posted here as I time the next turn and finally the ultimate beartmarket turn. ---------------------- what is axiom # 2? Axiom # 2: surprises come aplenty in the direction of trend and bad stuff happens to those who are not on board the trend, and whatever the News stories are they never molest the trendriders who are already aboard the train. Axiom # 1: All women like sex but the ones that have no money are far superior to the ones that do.
Don't be such a dildo. If you look at SPX weekly vs NDX weekly back in September/October 2008 you will see exactly what I am talking about, SPX was below 200 SMA & NDX was above it, only when NDX locked below 200 weekly SMA markets went into sell off mode. It's a fact, it looks the same now is also a fact. But another fact is that NDX has a higher low and within a pennant type formation, I have used histogram for a long time & it also suggests a bounce. But even if bounce is not to take place that histo pattern points to a high probability of an umpulse wave starting very shortly, hence a breakout is required to have another fact & trade accordingly, not based on forecast