Its both. The first one confirms and validates the 2nd one. I use them in tandem. The Dow Jones quote is obvious - the Short continues unabated. The other one is a Credit RISK indicator which in layman speak means when it goes up, the stock indexes go down=crash. So, when I said that because of the moving average cross to the upside in the credit risk indicatlor, it suggests that this indicator will fly northbound = stock indexes fly southbound.
Hahahaha, I noo you'd take some days off and pout like some rejected chicky and then come back all fire and brimstone with some new perfume hoping to entice me again. You ready for round #2? Remember the shalacking you got on CROX right here and in your thread? Also remember your other #1 pick, CAVM? Any day now, we'll review CAVM. For your fundamental-ass sake I hope I'm wrong.
Stoney, I'll take up your points now .... (1) make a fool of myself - that's an occupational hazard. But cutting to the chase, MY CALL is 100% still correct in that the April 26 top is holding. Markets go sideways from time to time. So your gripes about sideways stuff is mostly vaginal effluent and effluvium. (2) Right on, I've made several short entries and they are ALLLLL listed in the thread. I'm proud of them all. If my call is wrong, yeah I'll take it in the ass, but hey, that's Life in the market. I've taken my swing. Now I wait for the market to see things my way. (3) You are quite clueless on sentiment readings - and what's more we need to confirm we are talking the same gauges - I use DSI, and only rarely will look at AA2 etc. But DSI is my prime sentiment gauge. And the Vix. Just looking at the Vix alone it should be clear to EVERY MOTHER's SON that investors and traders are in a bullmarket of COMPLACENCY. If you don't understand this then you are even dumber than I thought! COMPLACENCY is the signature of a TOP not a BOTTOM.
You're losing money left and right. And what's worse, you're flaky w.r.t. TA, specifically because you tried to give me the impression that you were well-versed in it - truth is you despise it and therefore know zip about it - don't matter to me what you use, but you're wishy-washy, a sure sign of a loser. So, what I've uncovered about you is that you are a 100% fundamental trader - zero % technical and zero % sentiment analyst - you do good, painstaking research on stocks, so that in and of itself makes you a worthy adversary for a technician. The bet continues. Best of luck, amigo.
for Stoney ..... Re: according to you and everyone else here, a sideways market proves I'm wrong. In reality ..... see historic Dow Jones January 2000 top. Arrow at left shows my short entry. Other arrows show ALLLLLLL the instances of ET noise yakety-yak like a bunch of sissies. Fact is sideways for months up and down and up and down and then C R A S H all the way into 2002 low. And all the while the Jan 2000 top held. Want to guess what the pussies did after the crash got underway? They just slunk away slyly. Uploaded with ImageShack.us
a corollary how would ET traders have done compared to me at the 2000 top's several month sideways move before the crash? ET-ers: 6 ejaculations/day x 200 = 1,200 DB: 0 ejaculation/day ......... = 1
Vix closed above the 200-day. The indicators are showing a slight breakout. So if the trendline on Price gets taken out, yeah, hide and watch. Uploaded with ImageShack.us
Dow Jones ////////////////////// Chart Update ------------------------------------------------------------------------------------------------------------------
Hey DB- Looks like that 10,600 should be god support huh? Sometimes you should just look at your graphs instead of posting them. CROX position has already made back what it lost! I guess you forgot when I told you to load up for the free money to $12.50... that move has become- you own a thousand shares at $11.20, good job. As well as CAVM don't forget RECENT BUYS AND ET SPECIALS**** DCTH // PPO // SPRD // FMCN // FNSR // AVNR DB I asked you in a past post to do something productive, scan for some buys. You can't even do that- not one. I have bad news for you, no one in the banking world wants a shrill ledge jumper. People who can actually make money are in demand. That's why my posts get 4 and 5 stars and yours do not. You noticed a lot of smart posters stopped communicating with you after I closed your thread. I would be glad to reopen it if you would get your head screwed on straight. My inbox is filled with " thank you's " I doubt your's is. ~stoney
The 60-min. top is exceeded, so the 2nd attempt has also failed. Going for #3 ....... The blue trendline support is critical as it was tested nicely, bent a little and then fired off a volley. I now think I have the count correctly = as shown with the wave numbers. When wave 5 ends its over. Uploaded with ImageShack.us