It never hurts to have another point of view

[beerwm]

wall street cash?

 

[inenigma]

Damn, Those drugs have worn off again....... It was a good buzz while it lasted !!!

 

[Wysiwyg]

wall street cash?

What ig markets calls the djia cash market.

 

[sinner]

What ig markets calls the djia cash market.

My IG account lists it as Wall Street Cash.

I hope nobody minds me continuously posting charts like this?

Price action has hit 854.8 for the third time and is making consecutively less convincing bounces.

Moving averages are starting to converge in a menacing way, whenever I see this bunching on a MA rainbow I instinctively go short.

If there is no higher high now there will probably be a lower low and not a lot of support remaining.

This is the 5min, the hourly looks a bit different and someone else might have a different interpretation.

Just watching from the sidelines tonight.

 

[Wysiwyg]

Moving averages are starting to converge in a menacing way, whenever I see this bunching on a MA rainbow I instinctively go short.

Your decision is cognitive, not instinctive.

 

[Wysiwyg]

Originally Posted by metric
reinhardt has made 4 stock market crash predictions, to the day, and nominated the date sometimes 12 months in advance.

reinhardt is saying the dow could drop up to 1000 points monday (tuesday oz time).....and he is very confident he is right. hes already saying i told you so.....

Ben Bernankes` speach would have to be worth 800 - 900 points if the prediction is to come true.That is in another 2 1/2 hours so metric your credibility is still on the line.

 

[Sean K]

I wonder what reinharht's next prediction will be?

Waiting with baited breath for his next other point of view.

 

[waz]

Thanks Sinner, keep those charts coming

Im happy with the 300+ drop in the Dow Jones. I've been short ever since those unemployment numbers came out last friday.

I just looked out my window and the sun hasnt come up yet. Either the prediction is correct, or I woke up too early.

 

[metric]

ok....bragging righs are mine i do believe? 1 day out over 5 months isnt too bad.....lol

also...r is calling a run on the banks as the bermuda pilgamage ends, as the "broad money" claims the "narrow money" from the banks.........13th mentioned....and 20th.

interesting thread..http://www.wiredpirate.com/forum/viewtopic.php?f=74&t=451&start=700

i.e. narrow money is what the bank actually has on hand...broad money is what it has created out of thin air for loan purposes, etc. For every dollar a bank has actually deposited, it can loan out a much greater amount. If enough people who hold broad money make claims on that money, there is a run. that is the bank does not have enough money on hand to handle all the receipts. This results in bank failure, which results in bank closure, which, if bad enough will lead to a bank holiday. The banks then close until things settle down. Ronald Reagan called a bank holiday during the S & L fiasco. The most famous holiday was called by FDR as the US went into depression.

 

[metric]

he just said, that the dow will be around 3000 by 2nd quarter in 2010. constantly downward but volatile....and its all to do with globalism, and how the western 'peasants' pay for it.

enough conspiracy for one day..
.

also, the stimulus has just been passed...look out below......here we go to the bottom...

the collapse will happen in this order..

banks
insurance
tech
energy
retail
healthcare (healthcare is the most important)



.

 

[GumbyLearner]

also, the stimulus has just been passed...look out below......here we go to the bottom...

the collapse will happen in this order..

banks
insurance
tech
energy
retail
healthcare (healthcare is the most important)



.

The scariest thing I read this month was a post by sinner. He posted something on the Peter Schiff was wrong thread about bank draw-downs on Sep 18, 2008. There was an electronic draw-down during NY trade of $550 bill and was heading to $5 trill. Without market intervention that day, the market would have been kaput.

 

[Wysiwyg]

Ben Bernankes` speech would have to be worth 800 - 900 points if the prediction is to come true.That is in another 2 1/2 hours so metric your credibility is still on the line.

Where is the 1000 point drop?Oh wait, it was a misprint.

 

[metric]

the market wasnt open long enough Wysiwyg.....

but it will open tomorrow...........................


and the stimulus was passed AFTER the market closed.......lol

.

 

[Sean K]

ok....bragging righs are mine i do believe? 1 day out over 5 months isnt too bad.....lol

also...r is calling a run on the banks as the bermuda pilgamage ends, as the "broad money" claims the "narrow money" from the banks.........13th mentioned....and 20th.

Bragging rights for what?

It was wrong.

Now we all have to wait for the 13th and 20th fo what exactly?

Rediculous.

 

[nomore4s]

ok....bragging righs are mine i do believe? 1 day out over 5 months isnt too bad.....lol

um, a 380 point drop is hardly a major collapse in this current market, hell the DOW didn't even make a new low, would need to drop another 400+ points tonight before you could start claiming any bragging rights imo.

 

[prawn_86]

also, the stimulus has just been passed...look out below......here we go to the bottom...

the collapse will happen in this order..

banks
insurance
tech
energy
retail
healthcare (healthcare is the most important)

So if we say you were right (which is debatable because you didnt qualify what a 'crash' is), what constitutes a collapse for the following? And why will it be in that order? Why will the stimulus cause a crash?

 

[metric]

........lol

biggest fall since early nov......

stimulus...buy on rumour........

prawn....yes in that order.


its the BEGINNING OF THE CRASH......Quote:

he just said, that the dow will be around 3000 by 2nd quarter in 2010. constantly downward but volatile....and its all to do with globalism, and how the western 'peasants' pay for it.....

 

[prawn_86]

prawn....yes in that order.

You didnt answer my question. WHY in that order? And what constitutes a collapse?

So if the DOW doesnt reach 3000 by this time next year you and him are wrong? Or is there a caveat in there?

 

[metric]

i dont know why that particular order. thats just what he said...

no caveat......if its 3600 i'll forgive him....kennas wont.



.

 

[Sean K]

........lol

biggest fall since early nov......

.....

a biggest fall, is not a crash up 1000 points ON the 9th, and he was also talking about a net crash possibly. So, his 646 is now 846.

Why keep digging?

:fan