So, I have now totally separated from the grossly inadequate Dow Theory specialists who deal in only Dow+Transports. This has already been woefully inadequate for me, even if one throws in the S&P500+Nasdaq, its not enough for the GREAT Depression 2 TOP as this is a world phenomenon Therefore my existing weaponry package is as outlined in the last few posts and especially since I returned from my 2-week absence. I had been looking for one more addition to my layouts that would be in the form of SMART MONEY Index but had not been able to find one I now have the Smart Money tracking courtesy of Bloomberg but I cannot post it as it would violate god knows what Suffice it to say that The SMART MONEY cleared out nicely at the 2007 top and supremely nicely at the current top by starting selling bigtime as early as late 2013 and massively at the July TOP that I called. This SMART MONEY Tracking Index would serve as a huge warning for me of top\bottom but I would combine with my existing Indices package for a one-shot decision that would then be final and I'd be out at the TOP or IN at the bottom God, do I love it so!!!!!
The manner in which the SMART MONEY cut out of Dodge with bigtime lower hi-s lower Lo-s spells massive trouble ahead, much much bigger than at the 2007 top
Did you sell your gold postion? If so, where? If not, per my calculation: 1st position down 108 points 2nd position down 80+ points 3rd add to super bullish gold position.....down about 70 points.... How much more pain can I take?
Great Depression 2: and Great Depression 1: TIMING & riding the Wave C in one continuous motion on the daily timeframe Dennis Gartman throws in the towel: Twelve days ago, as the broader U.S. stock market was in the midst of its first sharp decline in years, popular newsletter editor Dennis Gartman appeared on a CNBC show and advised viewers to prepare for a bear market. But stocks quickly turned around and began to move toward the heights last seen in September. A chastened Gartman admitted late last week on another CNBC show that his bear-market call was all wrong. However, he’s still not willing to go long, instead maintaining a “neutral” position on the market as a whole, according to a CNBC.com report on Gartman’s rapid change of heart. Asked by CNBC what he missed about the current character of the market, he replied “I’m not sure what I missed. I really don’t know….This is the type of volatility that is absolutely beyond my ken. I’ve only been at this for 40-some years, so I’m relatively new to it. But quite honestly, I’ve never seen anything like the last two weeks.”
Great Depression 2: and Great Depression 1: TIMING & riding the Wave C in one continuous motion on the daily timeframe GD2 (expected) & GD1 are both wave "C" down = smoothest, cleanest wave pattern known to Man for a trend surf NO way is AfterLOS giving up on this - July 2014 is the TOP ------------------------------------------------------------------------------ The Timeless Allure of Stock-Market Timers http://online.barrons.com/articles/...rket-timers-1414533327?mod=BOL_hp_highlight_4 Gartman admits getting ‘bear market’ call totally wrong http://www.cnbc.com/id/102115991
Gold now at 1200!!!!!!! That is 120 dollars lower than master forecast!!!! Plus your 1195 and 1185 adding, or wherever it was...... The market is near all-time highs!!!!!! Your "followers" are down about 280 gold points based off your predictions!!!! LOL AXP target not hit after 3-months......dollar got stronger.... if only you did the opposite!!!!!
Dennis Gartman has given up ...... AfterLOS continues ..... still on Great Depression 2 CALL: Rally from October 15 that scared the daylights out of every mother's son ....... On 60-min. view: rally is over when Vix > 18.7 Dow < 16,870 Trans < 8449 SPX < 1944 Naz comp < 4439 = next downwave is underway.
Both Dow and S&P now have nice 60-min. trendlines going right thru the most recent low. That's now a valid trendline
We've seen this kind of call from a poster called "deadbroke" before. In fact, you could be the same guy, you both make outlandish predictions of market catastrophe and claim nobody else is capable of such calls. Ultimately he got totally owned by the bull market despite pushing his stops up several times. The one advantage you have is at these levels, there are far more fundamental reasons for the market to stop rising then when he posted. However, if you cannot ballpark when you will cover your trades on the way down ( ending your short positions ), you cannot possibly profit from your call. Given your talk of "depression" and Dow at 2500, one can assume you won't set reasonable targets. Failure to set a reasonable profit target can really hurt when you let bad calls ( like your long on Gold ) run when they are trending badly against you. I think Gold trends much lower moving forward, but have no interest in putting money on that. I posted this call at much higher levels. If you truly want to get bullish on Gold, I suggest you start to track mining companies that have had their stock crushed the last 2 years. You can get a lot of upside leverage later on if Gold ever rallies, but a lot of patience will be necessary. That area of trading has far more potential for huge boom or bust phases then guessing tops and bottoms on indexes.