I haven't accessed his blog in at least 5 months and have clearly recommended that nobody does. If he craves negative attention he got it, yes. Not sure what your point is. Please continue posting in this thread like its full of legit trading ideas.
Yep, he is just using this forum to generate numbers on his blogspot blogsurfer count. Then he uses that count number to deceitfully prompt naive customers buy into his advice. The higher his count, the higher he comes up in google searches for selling market advice. What is even more deceitful is that at the top of his blog claims the following: "The proprietary indicators I use can identify trend changes before they occur". However, nothing he posts every day identifies any trend changes nor do they identify said trend changes "before they occur". They are just ramblings about what occurred after the fact. Even I can do that from looking at charts, for example there will be an uptrend, followed by a downturn, repeat. No rocket science here. I apparently counted the wrong direction in time zones. Appears our cycler is an unAmerican European.
DOW weekly chart megaphone pattern update. Price action in highlighted area reveals a choppy market lacking consensus and conviction. http://stockmarket618.files.wordpress.com/2012/01/2012-01-10_dow_wk2.png
It seems that the two lines of ur megaphone pattern are always changing. If the price reaches the upline of the megaphone in the pic you just updated in ur blog, then the price will break a new high over the height of 2nd May.
SP500 daily chart reverts to choppy bullish. Wakey wakey Lucrum... USDPLN short 3.4977 XAGUSD long 29.715 [29.932] USDCAD short 1.0189 [1.0179] XAGUSD long 29.314 [c 29.700] USDCAD long 1.0195 [c 1.0193]
The only way we crash is if they let some of these insolvent banks fail. If central banks continue to prop up the market we they will just force people into risk assets. I am slightly bearish based on a funamental view that high oil prices and a recession in europe is very probabable as soverign gov't will most likely be forced to delever. Next resistance 1292,1300, 1310. Then the longer term down trend from the summer highs is in play. I would be agressivly shorting that area. Based on fundamentals and technicals. However if central banks print and continue currency devaluation being short risk assets would not be a good trade. Of course we all know that the system of credit creation leads to GDP growth leads to increased asset prices. The system is broken without deleveraging, we have been in a large asset bubble for 40 years. Now with many gov'ts with high debt to GDP it becomes very difficult to continue on this growth path. But if central banks continue to print money and inflate the bubble further it is going to take some type of failure or people to turn against that be for a real market crash. Until then you may experience corrections probably no more than 950 at worst in the S&P because Central Banks will step in and provide QE to stop deleverging. 950 could be seen if the H&S breaks on the weekly chart and europe slips into a hard recession/depression.