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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!!
 
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.
 
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
 

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prawn_86 said:
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
Click to expand...
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.
 

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....
 
kennas said:
Yep, looks like it. DOWs only up 70 points so looking REALLY shakey now. This crash is killing me.
Click to expand...

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?



.
 
are we there yet ?


this buzz lightyear outfit getting a bit uncomfortable and the hire shop wants it back .
 
Patiently waiting for Nostrareinharhtamos' end of the world to arrive.

Must have got caught in traffic, or his bus was cancelled.

 

Oh nnooooo, not a conspiracy theorist and a 2012 galactic alignment fanatic too.
 
what? like your avatar Wysiwyg?

THE STAGES OF TRUTH "All truth goes through three steps: First it is ridiculed. Second, it is violently opposed. Finally, it is accepted as self-evident."
Click to expand...


.
 
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 ?
 
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