Here's your post from Oct 19, 2009 in my TA thread. I remember it well. But given that I've called a top now and that back then I said I would call a top when I saw that we were ready for one - that is at least holding thus far, especailly given the fat Finger drop, perhaps you had changed your mind and gone to the sidelines or gone short? But I now see that you are even more bullish than ever!!! Thanks for the straight respone. >>>>> You're right; you're just 5 to 10 years early. This baby's just the warmup. You can tell because every rube on the planet thinks this is it. When it really happens, they'll be wondering what the number of the truck was that hit 'em. See you after all the profits have been booked on this bull. <<<<<
Fat finger was one of those classic one day shakeouts. Seen those many many times, and just like big upmoves happen in the middle of bears, big downmoves happen in the middle of bulls, for the same reason: you need to shake some folks up from time to time. Also, for some reason no one on this forum has ever heard of pin bars, but the half-hour bar on that was a classic one. Really a beautiful example.
Dow 60-0min. update .... the trendline shown in previous chart has broken so based on what I said, the top of the rally is in, but I'm not satisfied until we drop, so I'm thinking ahead of being wrong for other scenarios Given that all this is happening right at 78.6% retracement with this screwy sideways on 60-min., I suspect the wedge or EDT in blue as shown. Either way if the lower blue line busts, its a good short. If Dow is wating for Euro and gold to all go together, hey I don't mind. Uploaded with ImageShack.us
That is a good point and it is common in trends, so no argument generally, but I believe this one is different purely because of where it ocurred in the trend. So mark this too into Exhibit A .... Fat finger was wave 1 of 5 on a smaller fractal for the decline from April 26 top. The next drop will eclipse Fat Finger. And when it happens there will be no further talk about computer glitches or bitches.
Sticking neck out bigtime ..... This thread is the topping call in the Dow. So far so good. Now I can add the second component, the start of the biggest CRASH in HISTORY - i.e. the biggest crash in entire US history - dwarfing the Great Depression. This CRASH will make the crash of 2008 look like a picnic. The CRASH is now finally within sight .......... Fatter Finger coming up very soon. Will it be one day or days? I know how to explain it better without the time constraint, so it follows below .... They are ALL going to go together. The Euro, Gold, Dow Jones and the rest of the gang. The WAR is right on the cusp of resuming. The bearcub has been asked back home as his Pappy is now out of hibernation and ready to take the helm. Who are the participants in the WAR of the Millenium? Its as I've laid out from day #1 in all my threads ... its my buddy, the magnificent US Dollar versus the Rest of the World Gold is nearing a top now and Euro is finishing up its recent rally. When these complete, the CRASH begins. Gold's demise has just been posted - see last post here ... http://www.elitetrader.com/vb/showthread.php?threadid=205231 study these threads too for my talk about the magnificent US dollar and the Millenium CRASH ... all laid out nicely in October 2009. http://www.elitetrader.com/vb/showthread.php?s=&threadid=179613&highlight=lambda http://www.elitetrader.com/vb/showthread.php?s=&threadid=179167&highlight=stance
Deadbroke, You registered in October 2009. What was your id before you become deadbroke? The reason I ask is that the Doom days scenarios are very popular on this site and quite often they cause id switch after the scenario did not work out.