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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday, 14 September 2014

http://northmantrader.com/2014/09/14/weekend-charts-messy-world/

"
The top 20 market cap companies now boast a combined market cap of over $5 TRILLION: TOP 20 Market Cap
At a time when such large numbers no longer compute in our brains I offer this little nugget: The market cap of these 20 companies alone now exceeds 30% of the entire annual GDP of the US"

13 comments:

  1. http://3.bp.blogspot.com/-ZlaXc-MRw6E/VA41SgxHsdI/AAAAAAADyEc/yBDLdvd4-F0/s1600/1.png

    "The Percentage of NYSE Stocks Trading Two Standard Deviations ABOVE Their 200-day Moving Averages", as you can see, the support they gave the market (although not making higher highs) back in late June is VERY different than the lack of support for the market now, THIS IS EXACTLY WHAT HAPPENED AT THE 2007 TOP, EXCEPT WE PASSED THAT THRESHOLD ABOUT A MONTH AGO. - Trade Guild - W

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  2. McWaffle errr McHugh

    This coming stock market decline is likely wave c-down of d-down. While this decline could shave 5 to 7 percent off the market, around 100 points in the S&P 500 and 850 Dow Industrials points, we do not see this as the start of the next great Bear market - yet. Once this next correction in stocks completes, probably in mid-October, we should see a multi-month rally, wave e-up, which will finish the Multi-decade Jaws of Death pattern. There is an alternate possibility that the Jaws of Death pattern has completed and a major Bear Market and economic collapse that lasts into the 2021ish time period has begun. We place this alternate as a lower probability. We lean toward the Jaws of Death stock market pattern's top coming in mid 2015.

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  3. I really like the 288 weeks ,2025 (45 squared) days...numerology.I think a reversal this week could be exciting

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  4. Here's an audio with Tim Wood (cycles man) and Ike Iossif.

    http://audio.marketviews.tv/wood.mp3 W

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  5. https://s3.amazonaws.com/ILB_MS_BUCKET/5785794-20140909122618.jpg he he

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  6. Any good forums on the radar? Not that I have all that much time.

    Dino's - dominated by HD bull shit; all BS now?
    Daneric's - dominated by Wags BS. Hopeless.
    FAM - looked promising till I got scolded for correcting an eejit, and then ignorance revealed.
    CR Blog, consistent, sane, respectful, honest, rejects BS

    Maybe like something more real time w/o the eeejitz. ;)

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  7. Wags said he was leaving but maybe BS.FAM's is dead,not been to Dino's for a while.Have been recommended VTraders but know you and he dont get on :-)

    I dont have the time nor inclination to do real time here sadly

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    Replies
    1. Wags would never leave Dan's, he lives for that place. Not sure what happened at FAM's, but it would seem the rats took up swimming lessons (Not that it helps you, Wile, sorry.)

      I guess Pretzel has an active board. You do have to be a donor (its how he vets that you're a real person/no trolls allowed), and I may sign up there, but VT's is working for me so far. elliotwavetrader1.blogspot.com if you want to give it a go.

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    2. Thanks for the tip. I've always liked Pretzel.
      Becoming more convinced QE (and the other BS) can break EW and tremendous energy is wasted attempting it. At some degree it still will work, but they can trash the lower degree formations at will. They have already made this the longest running 4Y cycle in history, so then can manipulate cycles to some extent, over years. I can't imagine what the unwind will be as the manipulation will eventually be purged from the system. May very well end the system. I'm heavy into phy PM and have stopped reg trading after evaporating a couple Puts. W

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  8. Thank you. And TG for your sane and consistent blog efforts. I just can't take much BS and you have never sent me any. Perhaps my attitude prevents me from being successful on any blog. I must express my ideas, and when I get attacked, I get mean. I'm sure you understand the dynamics. Will persist here as you allow. Wile

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    Replies
    1. you are welcome,sorry its not more interactive and if I dont get back to all the posts

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  9. I think I will let Dan's settle down a bit and see if Wags is really gone, b4 posting anything else there.

    I'm distracted with food biz and electronics for a while anyway.

    Feel bad I left FAM's but it became ridiculous to my thinking and I didn't belong there.

    W - lookin' 4 new handle.

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