Here is an old reference to your topic from the end of last year (2007). http://www.elitetrader.com/vb/showthread.php?s=&threadid=113074&perpage=6&pagenumber=1
Thats Jack Stone brother, not Jack Hershey. I am the original, not an alias, not a duplicate nick. I am the Jack Stone and I dont charge 500 a month. You guys are so laughable, I love you all though...I truly do but just as a friend. dont get any wrong ideas...
Where are all the experts? Where are you now??? Holygrail? Makloda? Where are all the chartists? Who was right and who was DEAD WRONG? BWWWAaaahhhh!!!!
Ok JackStone fans and ES addicts. You guys are screaming for a chart so I'll give you one. The VIX is increasing! Its going to 35-37 if not higher! 9/11 made the Vix scream to the 40s. Something big is coming and its coming soon. Im betting the vix will scream to 57 before turning around. The only thing holding this market up is technicals. In this case, its a skinny old guy named Bollinger. There will be more bad news coming out over the weekend much worst then you expect. What if there is a hurricane, a terrorist attack or other disaster? The market is weak and bad things come when the market is going to hell in a handbasket. For Christs sake, GE is on the top losers list for today. One of the largest companies in the world is having trouble. So much trouble its lost 10% of its value in one day. IN ONE DAY! Exit your long positions. Get yourself short. I doubled down on my puts and shorts yesterday!!! It is now time to enjoy the Jack Stone reality!
For those of you that are kind of "new" to ET, Jackstone sounds very similar to a guy that used multiple alias's a few years back, from Rubberbird to Jackbyrd to lilduckling to chapabranca to James Stock in which he would wind-up "talking to himself" all through his thread, patting himself on the back with his various alias's. The tone of this thread and his sentence structure is oh-so familiar. But I'll let others be the judge of that. He always created these threads entitled, "The S&P Has Topped!" and "The Mid-Term Bull Market is Over!" They would go on for 80 pages before they got closed by the mods because it was so absolutely absurd to see this guy "talking" to himself. Either that, or the mods would wind-up moving the thread to "Chit Chat" or some other community forum like "Politics & Religion". Two of the threads that I referenced above that got moved and closed down can be found below: http://www.elitetrader.com/vb/showthread.php?s=&threadid=62075 http://www.elitetrader.com/vb/showt...7447&perpage=6&highlight=riskarb&pagenumber=1 For some reason, Baron allowed this guy and his multiple personality disorder to create thread after thread. It was almost as if Baron was deriving some sort of economic ( web-activity ) benefit from it. It was definitely a new low for ET. Bizarre.
By the way, for people that are really interested in discussing Elliott Wave with a poster or two here on ET that actually knows what they are talking about when it comes to wave structure, feel free to check out the posts of Mup down in the Technical Analysis Forum . . . Here is a snapshot of one of his charts with his analysis with 1341 ES being a 61.8% retracement of the most recent short-term rally off the March 31st SPX low at 1312.81
Yes Lucrum right now! I posted this thread a day or so before the market tanked down. I then got replies that I was a moron and then there was the presentation of graphs by ones who knew little of what they were talking about...then the market tanked down to the horror of all and all of a sudden all the posters who replied to this thread disappeared. No Landis, I am not rubberbird or any of those other aliases. My bet is that Landis wants you to follow him to his thread and then send you a pm stating that you should pay him $500 a month for his services like Pabst. However, lets get back on the subject. There was a triple ceiling, top or whatever you want to call it or see it as. The further prices gets away from 138.57 the more murky the SPY picture becomes... Now price closed under the 20 day moving average or the center Bollinger line and this isnt a good sign. My belief now is that a catastrophic failure in price could come at any time. These past few months we have had the CEOs run a parade on CNBC stating that everything is just fine until the actual conference calls making investors run for the fire doors. These next two weeks will be a parade of bad news. You have the SPY stuck in a range from 138 to 125 over a 3-4 month period. Once that floor breaks then we will see a price of 115 fairly quickly. You can call me what you want, say I have a 100 aliases, invite everyone to your chat room charging them 500 a head, but the simple fact is that there is nothing you can do to stop that. There is nothing Bernanke can do either. Price decided where to go back last year when it made that head&shoulders. Now it will go to 115 like it or not. Goog is also going to around 250 by the way. Its not going to be pretty for the longs. I suggest stepping into Rydex's 2x short SPY fund. Thats your only hope...