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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

Wednesday, 21 August 2013

http://www.elliottwavemarketservice.com/2013/08/collapsing-asian-markets-more-worrisome-than-us-declines/

Posted by at

14 comments:

  1. Dojitrader21 August 2013 at 16:15

    It just baffles the mind where "analysis" will see a H&S pattern. They seem to pop up like UFO's. And this one does not even qualify as an Ugly One ! What's really sad is this is a bearish pattern and the analysis will probably be right but for the wrong reasons, making this analysis look better than they really deserve. An Elliottwave service should know better than to mislabel this pattern so badly.Thus leading folks to trade what they want to see instead of what is really in front of them.

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    Replies
    1. Chartrambler21 August 2013 at 17:09

      yes You're right you can't really draw a decent neckline on that ! does look toppy though

      Delete
  2. Anonymous21 August 2013 at 16:54

    Szechuan Meatball:

    http://scharts.co/159GxQz

    W

    ReplyDelete
  3. Anonymous21 August 2013 at 17:42

    Knee-slapper of the day. Lara does a count on Oil (3 down next).

    https://www.youtube.com/watch?v=1NWtj_Y__OE

    W

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  4. Anonymous21 August 2013 at 18:04

    Uvee buy signal update:

    http://scharts.co/104xSIj

    Hints to me we might be flagging in the middle of 3 down on SP.

    BTW - Gold has a BB sell signal.

    W

    ReplyDelete
  5. Anonymous21 August 2013 at 19:05

    You can do TA on the PMs. You just have to be very careful how it is interpreted. This latest slam-down is an example where the TA of a paper pricing mechanism is in a parallel universe to the actual value of the commodity. Only suckers sell into a secnario like that, and the buyers see thru the Boole sheet. If you believe the TA on the PMs all the time, then might as well believe the Govt Statistics. The BB sell signal is there but does that mean sell? Hell NO.

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  6. Chartrambler21 August 2013 at 19:56

    TC saying bear mkt rally to 1420 according to HD :-)

    ReplyDelete
  7. Anonymous22 August 2013 at 03:07

    Well I wasted my day holding confidently FXP. Then there was the Benny BS.

    Have we learned NOTHING?? Dino the experienced trader has clearly stated that the first move after the FED is always correct. Squii, otoh, stated the amateur vision... fake out. I saw the BS retrace in full disgust, knowing with confidence that this was nothing but the FED Friends & Family popping the indicies on NO GD Volume, to wipe out the short stops. The first move is correct, the second move is the bastards trying to shore up their failed model, and the third move is where you make your money. I went for volatility rather than outright SP shorts. EMU might as well put his head back in the GD sand for a while, until the bombs make his {GD} (for consistency - lol} ears ring. Now we have all the clowns out, the Lion is loose, and the Elephant in the room has waked.

    ReplyDelete
  8. Anonymous22 August 2013 at 03:22

    TC can ... hehe

    We've got a cat MIA. I have important matters to attend to.

    TC - Couldn't manage his way out of a GD wet paper bag with 3rd Gen Night Vision Scope and a Light Sabre, with the Force on his side.

    W

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  9. Anonymous22 August 2013 at 03:25

    You have to understand, the paper price which is being traded, is in no way related to the value. This can't last. You can go wank yourself trading paper or you can accumulate and hedge. These geniuses can't seem to understand a wooden nickel has NO VALUE. The Value has been consistent for 5000+ years. Get a grip.

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  10. Anonymous22 August 2013 at 07:22

    NEVER counter a comment with "you are right."

    GD IT YOU!! are right, You argue the context. JC Boy, you snoozin in Statistics?

    ReplyDelete
    Replies
    1. Chartrambler22 August 2013 at 11:34

      a HnS does need a neckline and that doesn't have one so I think he is technically correct

      Delete

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