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Credit expansion is where the answer lies as to rating the value of the DOW ..IMHO! Its been going non-stop for sixty-years now! NOT ANYMORE!!
It never hurts to have another point of view
- Thread starter metric
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I think you have to give metric some credit, we would have been sticking it in to him massively if it had have gone up 400.
I just heard that this Friday 13th will be a full moon, which is apparently rare.... so all the pieces are coming together.
I just heard that this Friday 13th will be a full moon, which is apparently rare.... so all the pieces are coming together.
prawn_86
Mod: Call me Dendrobranchiata
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He can have some credit for calling a fall near a date he thought would crash. But it wasnt a crash, the DOW didnt break new lows, and its fallen by that much before plenty of times in the last year, so not that spectacular
Wooh!
Good morning guys. I went to bed not long after the massive spike in gold, thought the night would be far too interesting for my little ticker.
I think we can safely give "reinhardt" some leeway on this, like I mentioned I will personally be giving it a week or two before passing judgement. For example we don't know if there is or isn't a cabal of powerful Muslim businessmen hell-bent on going long the SP500 to fight Legatus Just kidding, but yes there are circumstances that make picking a stock crash to the tee a bit difficult. +/- 1-2 weeks is still pretty good.
Last night the charts were playing all sorts of silly buggers. I have attached my last nights 5min chart including all the lines I ended up with to show how crazy it went. Very happy with my line drawing last night as the price would consistently hit and draw back from these points.
We started off the London session with the beginnings of the "W bottom" and 854.8 resistance. I included the lower left-descending line off the leftmost point of the W and into the first peak. Messing about a bit I shifted a copy of this line (upper left-descending line) up to the highs earlier in the day and happily noticed it fit pretty well. This was confirmed twice by the second peak of the "W" and on the final leg of the third.
Next was the left-ascending line which supported the price action back to resistance at 865.9, to form an almost textbook perfect H&S pattern. A quick decline predictably followed, and then rallied again into a sort of "double H&S" pattern, with both shoulders (the very rightmost consisting only of a single bar) resisting again at 865.9.
This final bounce up also happened to form a slightly less textbook H&S pattern on the hourly which was very bearish.
Was very wary of rallies to drive out the short stops and we clearly saw a fair bit of this before the obvious outcome, a big break through 854.8 resistance and not much support on the other side.
In one night the SP500 wiped out almost an entire week of gains. Selling exhaustion around the 870s region is pretty bearish on the longer term charts and reduces the chance for a meaningful rally.
5m and 1h chart respectively
Good morning guys. I went to bed not long after the massive spike in gold, thought the night would be far too interesting for my little ticker.
I think we can safely give "reinhardt" some leeway on this, like I mentioned I will personally be giving it a week or two before passing judgement. For example we don't know if there is or isn't a cabal of powerful Muslim businessmen hell-bent on going long the SP500 to fight Legatus
Just kidding, but yes there are circumstances that make picking a stock crash to the tee a bit difficult. +/- 1-2 weeks is still pretty good. Last night the charts were playing all sorts of silly buggers. I have attached my last nights 5min chart including all the lines I ended up with to show how crazy it went. Very happy with my line drawing last night as the price would consistently hit and draw back from these points.
We started off the London session with the beginnings of the "W bottom" and 854.8 resistance. I included the lower left-descending line off the leftmost point of the W and into the first peak. Messing about a bit I shifted a copy of this line (upper left-descending line) up to the highs earlier in the day and happily noticed it fit pretty well. This was confirmed twice by the second peak of the "W" and on the final leg of the third.
Next was the left-ascending line which supported the price action back to resistance at 865.9, to form an almost textbook perfect H&S pattern. A quick decline predictably followed, and then rallied again into a sort of "double H&S" pattern, with both shoulders (the very rightmost consisting only of a single bar) resisting again at 865.9.
This final bounce up also happened to form a slightly less textbook H&S pattern on the hourly which was very bearish.
Was very wary of rallies to drive out the short stops and we clearly saw a fair bit of this before the obvious outcome, a big break through 854.8 resistance and not much support on the other side.
In one night the SP500 wiped out almost an entire week of gains. Selling exhaustion around the 870s region is pretty bearish on the longer term charts and reduces the chance for a meaningful rally.
5m and 1h chart respectively
Attachments
doctorj
Hatchet Moderator
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If all that had to happen was an index to fall on a given date to prove this joker 'right' then there is really a 50/50 chance his sheep would have had their latest 'truth'. This probability approaches 1 if people are willing to accept falls within +/-1 (or more) days of the date as proof.
There's no room for this tripe in any sensible analysis. People believing it are just looking to export responsibility for the outcomes of their actions to someone or something else.
nulla nulla
Positive Expectancy
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If these Psychics are so good, how come they never win lotto?
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are we there yet ?
Sean K
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Yep, looks like it. DOWs only up 70 points so looking REALLY shakey now. This crash is killing me.
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I think you have to give metric some credit, we would have been sticking it in to him massively if it had have gone up 400.
I just heard that this Friday 13th will be a full moon, which is apparently rare.... so all the pieces are coming together.
Hmmm
P(Friday) = 1/7
P(13th) = 12/365.25
P(full moon) = 1/30
P(friday & 13th & full moon) = 1 /6391.875 days
that works out to about 17.5 years and isn't that the supposed length of the typical secular bull or secular bear...Spooky... Could be on to something here....
be patient grasshopper.....we'll all be ruined in good time....
oh and dont forget...history shows that public works (where in the world HAVENT the announced some) completion dates, begins war......sydney harbour bridge ring a bell? do some research, dont just listen to me.
you will fing that most completion dates are 2012-3........pure coincidence..right?
.
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are we there yet ?
this buzz lightyear outfit getting a bit uncomfortable and the hire shop wants it back .
this buzz lightyear outfit getting a bit uncomfortable and the hire shop wants it back .
Sean K
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Patiently waiting for Nostrareinharhtamos' end of the world to arrive.
Must have got caught in traffic, or his bus was cancelled.
Must have got caught in traffic, or his bus was cancelled.
Wysiwyg
Everyone wants money
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be patient grasshopper.....we'll all be ruined in good time....
oh and dont forget...history shows that public works (where in the world HAVENT the announced some) completion dates, begins war......sydney harbour bridge ring a bell? do some research, dont just listen to me.
you will fing that most completion dates are 2012-3........pure coincidence..right?
Oh nnooooo, not a conspiracy theorist and a 2012 galactic alignment fanatic too.
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Um the truth IS metric .YOU called financial armageddon for the other day
the TRUTH is you got it wrong
so hence my question
are we there yet ?
a broken clock right twice a day too darl
so if sheet hits the fan soon as I am expecting will you take credit for that ?
the TRUTH is you got it wrong
so hence my question
are we there yet ?
a broken clock right twice a day too darl
so if sheet hits the fan soon as I am expecting will you take credit for that ?
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ROFLMAO
hahahahahah nah buddy you picked the other day , your outta here ..
hahahahahah nah buddy you picked the other day , your outta here ..
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p.s ........... you owe me $56 bucks on the late fee for my buzz lightyear costume
