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We are approaching VERY serious times

  • #41
  • Feb 16, 2009 5:58am Feb 16, 2009 5:58am
i listened to a chart one time and it bankrupted my account.

Quoting belekas
Chart tells a thousand words if you listen to it. Monthly bearish divergence on the DOW has its target filled at 7450, and that was obvious.
  • #42
  • Feb 16, 2009 6:01am Feb 16, 2009 6:01am
Quoting tdion
i listened to a chart one time and it bankrupted my account.
Then i guess its better for you to roll a dice at the casino Pain is the part of the game.
  • #43
  • Feb 16, 2009 6:09am Feb 16, 2009 6:09am
What's the interest rate on a trillion dollars? I need to update my credit limit on my visa.
Polishing my crystal ball
  • #44
  • Feb 16, 2009 7:18am Feb 16, 2009 7:18am
Quoting belekas
What broker offers S&P500 on MT4 with great chunk of history?
History is less then 30 years but it has mt4 and many indexes http://www.liteforex.org/default.php
  • #45
  • Feb 16, 2009 7:23am Feb 16, 2009 7:23am
A little bit of fundamental info: http://www.decisionpoint.com/ChartSp...0213_earn.html
  • #46
  • Feb 16, 2009 7:24am Feb 16, 2009 7:24am
Quoting cesare76fx
History is less then 30 years but it has mt4 and many indexes http://www.liteforex.org/default.php
Thanks cesare76fx
  • #47
  • Feb 16, 2009 10:25am Feb 16, 2009 10:25am
Quoting tdion
i listened to a chart one time and it bankrupted my account.


It happened to me, too... I kept hearing "sell..... seeeeellll... seeellll nooooowwww...."

Then "hahahaha, I was just messing with you... I'm sorry, I'm sorry... oh, did you go bankrupt? sorry.. serious, I'm really sorry..."
  • #48
  • Feb 16, 2009 10:34am Feb 16, 2009 10:34am
belekas,
have u tried FXPro, WHC, Metaquotes MT4?

http://www.metaquotes.net Metaquotes

http://www.brocompany.ru WHC MT4
http://www.whcmarket.ru or
http://www.brocompany.com
  • #49
  • Feb 16, 2009 2:22pm Feb 16, 2009 2:22pm
Quoting cesarnc


It happened to me, too... I kept hearing "sell..... seeeeellll... seeellll nooooowwww...."

Then "hahahaha, I was just messing with you... I'm sorry, I'm sorry... oh, did you go bankrupt? sorry.. serious, I'm really sorry..."
  • #50
  • Feb 17, 2009 9:32pm Feb 17, 2009 9:32pm
The best you can do is say that the chart indicates a bearish outlook for the US economy as a whole and fundamentals support this as a plausible scenario. The chart pattern certainly isn't going to cause the collapse though.
  • #51
  • Feb 17, 2009 10:25pm Feb 17, 2009 10:25pm
Quoting Arkons
The best you can do is say that the chart indicates a bearish outlook for the US economy as a whole and fundamentals support this as a plausible scenario. The chart pattern certainly isn't going to cause the collapse though.
USA, you have to collapse cause the chart said so
  • #52
  • Feb 18, 2009 4:23am Feb 18, 2009 4:23am
Quoting sergiu
Do you seriously think that a couple of squigly lines on a chart could predict the colapse of a country's economy?
A couple of squigly lines on a chart do not predict the colapse of a country's economy but it can show that everyone think there could be a colapse of a country's economy...
  • #53
  • Feb 18, 2009 4:38am Feb 18, 2009 4:38am
It is not about what the chart is saying that is going to do.... a pattern like a trade need a validation to be confirmed. But... if it is confirmed in this case, it would just make sense and match perfectly with the current global economy condition.
  • #54
  • Feb 18, 2009 7:47am Feb 18, 2009 7:47am
I think that I can resolve this whole question. After careful analysis and using time proven methodology, using the vast resources at my disposal, I can unequivocally say that based on the chart in question....


The market will either go up, go down or stay relatively flat.

Sometimes I amaze myself.

  • #55
  • Feb 18, 2009 6:39pm Feb 18, 2009 6:39pm
Quoting cesare76fx
It is not about what the chart is saying that is going to do.... a pattern like a trade need a validation to be confirmed. But... if it is confirmed in this case, it would just make sense and match perfectly with the current global economy condition.
nicely said.
  • #56
  • Feb 18, 2009 7:14pm Feb 18, 2009 7:14pm
it would also make sense that many people are listening to voices in their heads, because often a chart talking is simply saying "I just fooled you with randomness....."
  • #57
  • Feb 18, 2009 7:31pm Feb 18, 2009 7:31pm
Quoting tdion
it would also make sense that many people are listening to voices in their heads...
Of course man, it's called intuition. I have about 10 of them
  • #58
  • Feb 18, 2009 11:11pm Feb 18, 2009 11:11pm
Quote
it would also make sense that many people are listening to voices in their heads, because often a chart talking is simply saying "I just fooled you with randomness....."

Bullpucky. The "fooled you with randomness" line is codespeak for "I failed at finding a decent edge, so I just wanted to blame my failures on the market rather than myself." The market, especially at these higher time frames, is far from random. That argument is so tired and full of holes I'm amazed anyone still buys into it. Need proof? Look to the distribution of price.

Charts like this tell a story of sentiment. Yes, sentiment can change (altho it makes it pretty clear when it does), but unless it changes... ick. The chart doesn't force the markets to do anything, it simply reflects a sentiment that certainly can force the markets to do stuff.
  • #59
  • Feb 18, 2009 11:22pm Feb 18, 2009 11:22pm
I can't tell you how many times I have looked to see what is going on in the news becuase of what I first saw going on in the charts.
  • #60
  • Feb 19, 2009 5:06am Feb 19, 2009 5:06am
Quoting smittens4212
Yes, and this chart could just as easily turn into a double bottom, or consolidate within a few thousand point range for years to come.

it would have to fall confirm the double go down lower and up then down again to do that....... you have shares in the market?

you want to hold and wait for it to make that pattern??? measure it mate its a nice move down to the low.

** well it could also grow wings and fly away huh** after all it's only a chart patten what does that show???????

if any of you understood TA and charting you would know that this could be very serious. the key in this picture is the time made to form it. but it has to confirm, it hasn't yet....
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