nothing like baiting a suspected tight-lipped, devious POSER in order to get him to let it rip with plunking his hand of Aces on the table Its working. So, let me s-plain to the POSER how once again he reveals his confusion between what FA does and what TA does and who or what or which is the TRUE Lead Horse - for me anyway since we are talking about ME in this particular response. Here's how I foresaw Deflation a-comin years ago ...... TA was the driver of my thought process and anal-ysis thusly ... (1) Yearly/Monthly chart of the Dow Jones + Yearly/Monthly chart of US Dollar Index + Yearly/Monthly chart of CHFUSD (for corroboration) (2) Clear evidence in reviewing # (1) that a full 5 waves up from BOTH the 1700s and the Great Depression Low in 1932 was completing or had completed. (3) After 5 major waves are completed there is ALWAYS a repercussion wave = corrective wave which will retrace at the very minimum 38.2% but could go to the full 61.8%- 88.3%. A better and easier way to look at the retracement is to mark on the technical chart the area of the previous 4th wave of lesser degree. That is where the repercusssion wave will likely end. In this case that is at the consolidation of Dow Jones prices' horizontal axis thru' 1966 -1982 as shown in my TA thread in the TA forum. Points (1), (2) and (3) are p u r e T e c h n i c a l A n a l y s i s
continued from previous post as I whip my dick out the ass of the POSER and wipe it off on his curtains ...... and place it back in its leather sheath and zip my fly up .... sip a glass of bancha tea and let out a sigh of satsifaction Points (1), (2) and (3) are p u r e T e c h n i c a l A n a l y s i s as soon as this technical assessment is completed and rechecked and thought-ed upon for hours/days/weeks looking for holes or what could go wrong or are there any other TECHNICAL WAVES I've missed etc.? When satisfied that I have the right picture, that indeed a full 5 waves are over, the actions that are going to happen on the ground over the next several years and years are called (4) Fundamental analysis and this FA is nothing but the simple and supremely easy to understand Fundamental analysis = SHIT HAPPENS on the ground (4 b) The degree of heavy shit that happens on the ground is proportional to the Technical Analysis timeframe for the 5 waves completion. In this case its the monthly. That is the severity of the FA=on the ground. Banks are going to fail, governments are going to get zapped and countries will fall like a House of cards. Its all in my TA thread in TA forum. Whew! The only good angle of dealing with retards is one gets solid practise with Anger Management.
for the sub-100 IQ retards, the penultimate post to the previous, mentioned the Dow, USD and CHFUSD. Only the dow's history goes back to the 1700s by combining with British prices ... There were no dollars in them days, but sons of bitches, yeah!
I mocked him correctly for his incorrect TA. And now I mock you for your total incomprehension of the basics and even gross misduplication of exactly what I said w.r.t. the alleged double-bottom. Nothing like evidence so easily gotten in this very thread ..... evidence is next post ...
August 17 in this thread, here copy/paste .......... On page 1, poster "gettinglucky" called a reverse head and shoulders pattern .... suggesting therefore a reversal, and a new bullrun. What's worse is that there were quite a few technical experts on CNBC and elsewhere who have large subscriber following, who also said the same thing. The timeframe for this argument was DAILY --------------------------------- so remember the concepts I used, .... lazy to put in the work and dig deep into the basics, therefore ignorance, therefore manifestation of rank stupidity.
August 17 post in this thread now copy and paste ..... the explanation For a topping or bottoming pattern to be a valid reversal pattern there must first of all be AN ESTABLISHED TREND in place prior to the pattern. so, in application to the Dow Jones .... yes by the time we got to March, April, May 2010 we had a nice well-established uptrend from March 2009. Therefore whatever reversal pattern we saw, would at least be valid on this basis. But to call a reverse H&S July 2010 with the market top at April 26, 2010 .... ? ... where the fck is the ESTABLISHED downtrend? There isn't any! At best we have a trend transition etc., etc., That's why I said, "if the market does go up bigtime, it won't be because of any such reverse H&S" Dig? STAT: Not a single technical trader at ET got this concept - neither here in this thread or any other thread where this applies!
Re-read the 3rd last line a few times .... That's why I said, "if the market does go up bigtime, it won't be because of any such reverse H&S" Dig?
It's pure circus to watch amateur idiots wipe the floor with you & your analysis paralysis. Good luck loser!
Since it is quite clear and obvious over these last few months that I am in fact dealing with the bottom of the american barrel (sharp americans are a joy to be around but they are extinct at ET) and that JSSPMK, though a POSER and quite useless, he nevertheless does provide dexterity and cunning in covert hostility so I am not going to place him on Ignore. The only downside to this arrangement is that I am neither a homo nor a backdoorman.
It is very clear by now that your interpretation of TA is below average. Not because you failed in both gold & Dow calls so far, but because of your delusional expectations of a deflation that is solely based on EW counts on a higher time frame which may be wrong and also with total disregard to what is happening in the world right now. You ought to be writing fantasy books instead pal. Don't you know that EW on longer time frames especially is not statistically sound method of forecasting? Delusional! Pure circus.