Hi Temuco, Yes, I use traditional TA for descriptive purposes and sometimes to build a context from which to to apply the the Price Driver analysis. surf
Yes, the Price Drivers have signaled that Bernanke will be FORCED to end or drastically cut back on QE, which I firmly believe will be the initial impetus for the house of cards to collapse. surf
I think technology will advance to the point of being able to predict the traditional markets with great accuracy-- this in turn will lead to flat lining of price. Whether or not some random number generator will be employed to create the "illusion" of markets at that time or if markets as we know them will simply cease to exist is unknown. The flatlining could also be caused by regulations or other govt controls. surf
This is the big problem with your "PD" that I see. The element of TIME... of course BB will scale back on QE ......the when is a matter of hot public debate....personally I can't see that he will do it in a time or manner to destroy our fledgling growth..
The top tick is in in the DJIA--- the market will not surpass the high of 15523 in the YM untill there is a substantial retrace of the bull run-- this could easily mean to the < 10,000 area------ this is what the Price Drivers say and why I am SHORT. surf
Just like Wall Street signaled the top in 1987, the WOLF will be thought of as the postscript/prequel to the CRASH of 2013. http://elitetrader.com/vb/showthread.php?threadid=275355 Gentlemen, everything is lining up. The only question is, are you ready? surf
Hmmm, if you had shorted when Wall Street 2 came out in 2010, you would have gotten SMOKED. http://www.imdb.com/title/tt1027718/ I don't think this movie thing is such an accurate predictor.
Wall2 was a redemption film, not a celebration of excess. Huge difference. Remember the drivers are a combination of inputs, not just one and we will soon see and are seeing other signs of the drop. Warmly, surf
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