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Perfect Head&Shoulder in Dow >> Massive Crash Again

  • #1
  • First Post: Jun 15, 2010 9:20pm Jun 15, 2010 9:20pm
Hey guys,

On October 2007, I posted a thread on crash of GBPJPY based on head and shoulders and after some weeks, the GBPJPY fell more than 5000 points and we saw massive crash on dow and all currencies.

http://www.forexfactory.com/showthread.php?t=52466

People were earlier skeptical about H&S pattern, but after seeing the results live, we know H&S is 90% accurate and on monthly and weekly charts its 100% accurate.

I'm posting this pattern not to tell you to make money, 'cos i can guarantee you that you will make money in this crash but this time, its much much bigger than money. Its about our lifes and our loved ones.

I'm seeing H&S on DOW monthly chart, which is very very bad, by July and August 2010, DOW could crash massively there by taking all of the world economy with it....cos it is already dangling at 10,000 mark, any lower and it would fall below 4000.

This time, it would not be a recovery, but martial law in America, choas and looting. This head & shoulder thing on monthly chart of DOW signals the beginning of the end of the world economy and America as we see it.

I'm a trader, but this time, im more worried about everything around me than making money. Money won't count a dime, when everything around you is crashing down.

I'm not a fear monger, i want you to do some research on Head and Shoulders pattern as a true professional and a trader and make your own judgment. After that look at the people in power and what they are capable of doing to us.

IMP** please search Alex Jones, Illuminati and new world order in Google to know whats going to happen. We are at a cusp of a new begining, humanity is waking up, but the people in power wants us to remain suppressed.

I welcome all comment of ridicule, laughing it off, are you serious kinda posts..cos it would mean that you read my post and did the research on head and shoulders pattern

Good Luck
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  • #2
  • Jun 15, 2010 9:33pm Jun 15, 2010 9:33pm
well...you paint a picture thats for sure. H&S is a good trading tactic, so is monthly pin bars. that being said, this place consists of traders (not investors) so pounding in the idea that their are high accuracy trades to be taken on anything higher than the daily isnt likely.

p.s. i checked your doom and gloom theory and you forgot to add everything dies in 2012, oil will take up more spaces than water soon, and jesus is comin to pwn so face.
  • #3
  • Edited 10:10pm Jun 15, 2010 9:40pm | Edited 10:10pm
Quoting spiderforex
Hey guys,

...we know H&S is 90% accurate and on monthly and weekly charts its 100% accurate...
Yes, with the help of hindsight a great deal of technical analysis can be deemed to be "accurate". Easy to spot the good ones I suppose.

I wonder how many failed 'head and shoulders,' 'double-bottoms', 'double-tops,' 'double-arses', and 'large breasted double whammies with sexy head on shoulders' we'd see if we did the proper analysis and treated the data completely objectively.... no doubt a hell of a lot more than the assumed 0-10% from the above quote!!! HELLO!

EDIT: PS - If I was a betting man (which I'm not - I prefer to trade what I see, not what I assume), I'd suggest that if you start seeing lots of forecasts like this one that it would be a good time to go LONG - possibly a much better indicator of direction than a "head in your arse" pattern on an equities INDEX
  • #4
  • Jun 15, 2010 9:53pm Jun 15, 2010 9:53pm
Your an idiot. Your H&S pattern isn't complete and there is no plausible reason to expect to it be. What’s worse, you posted this crap on a day when the dow/s&p have broken their multi-week ranges to the upside. If I didn't know better I would think your short stocks and worried about getting killed tomorrow...

Do yourself a favor; Go buy gold and hang out in your bunker. Nobody needs saving here.
  • #5
  • Jun 15, 2010 10:14pm Jun 15, 2010 10:14pm
Quoting Darkstar
Your an idiot. Your H&S pattern isn't complete and there is no plausible reason to expect to it be. What’s worse, you posted this crap on a day when the dow/s&p have broken their multi-week ranges to the upside. If I didn't know better I would think your short stocks and worried about getting killed tomorrow...

Do yourself a favor; Go buy gold and hang out in your bunker. Nobody needs saving here.

he might be preemptive but he could be right. you just never know. give hime credit as the other thread that he started, people where doubting then. now look at where gy is now. if the dow closes above the high of the left shoulder then the h&s is invalid. but if it closes below it then the h&s is very much alive. gold is nothing if the whole world is in chaos. as there is nothing to buy. what good is money if there isnt anything to buy or sell. just my thoughts. but do keep and eye on the dow though. one thing i hope for sure is that i hope hes wrong.
  • #6
  • Jun 15, 2010 11:34pm Jun 15, 2010 11:34pm
Quoting treadline
he might be preemptive but he could be right. you just never know. give hime credit as the other thread that he started, people where doubting then. now look at where gy is now. if the dow closes above the high of the left shoulder then the h&s is invalid. but if it closes below it then the h&s is very much alive. gold is nothing if the whole world is in chaos. as there is nothing to buy. what good is money if there isnt anything to buy or sell. just my thoughts. but do keep and eye on the dow though. one thing i hope for sure is that i hope hes...
Actually its quite easy to know it isn't going to happen. In the grand scheme of things tech analysis doesn't mean dick. Huge moves like he is predicting require macro factors to support them. In effect what he is saying is that by late august, the US economy is going to be in worse shape then it was at the height of the credit crisis. There is NOTHING going on that has that kind of potential, so it just isn't going to happen.

Putting that aside, he can't even read a chart properly. The projection for a h&s is equivalent to the spread between the tip of the head and the neckline. That puts the expected move down to ~8600. To say that it's going to 4000 either means he doesn't understand a h&s, or he's an idiot.

I would give the guy the benefit of the doubt if he offered something even remotely possible.
  • #7
  • Jun 15, 2010 11:55pm Jun 15, 2010 11:55pm
The guy called it in 2007. Problem with the truth is that no one in this day and age of fraud and excess, no one wants any part of it.

Illumination is coming very soon.
  • #8
  • Jun 16, 2010 12:05am Jun 16, 2010 12:05am
Fears that the world wide economies are entering in deflation are increasing so, his scenarios might be possible. I am not sure how much will fall after breaking the neckline if it finishes the right shoulder but for certain will see at least one deep correction, I think most of people we'll agree with that.
Even the deflation scenario will not happen we'll take a look to a recovery, a real one, with more good data in jobs market and so on, the FED will start to raise rates and that will lead to down moves in indexes, of course. Because the borrowing cost will increase and will have a bad impact to the market.
The fall will happen, doesn't matter what will occur in macro-economic data, folks. So, before saying anything stupid think and after that, think again.

PS: I am wondering how much of " in denial guys" are from US, no offense. Why I am asking that? Because I have observed that all the Wall Street analysts are talking about buy strategies almost all the time, the short idea is like a "cancer" or not an option for trading. Don't you get it, when the big sharks are taking the big profits someone has to be in buy position to sustain the price or else the market will certainly crash. Think about that.
  • #9
  • Jun 16, 2010 12:07am Jun 16, 2010 12:07am
all i know is somethings got to change we are bandaiding the problem of credit atm how do we fix the big picture
  • #10
  • Jun 16, 2010 12:19am Jun 16, 2010 12:19am
Quoting Darkstar
Actually its quite easy to know it isn't going to happen. In the grand scheme of things tech analysis doesn't mean dick. Huge moves like he is predicting require macro factors to support them.
.......
I would give the guy the benefit of the doubt if he offered something even remotely possible.
Nice 1.

Quote
I wonder how many failed 'head and shoulders,' 'double-bottoms', 'double-tops,' 'double-arses', and 'large breasted double whammies with sexy head on shoulders' we'd see if we did the proper analysis and treated the data completely objectively....

......


Whatever, people but after reading those responses, I literally spilled my coffee laughing, .... uncontrollable. I just couldn't help it.

Now, coming to the doom theory part, .... the economic mega tsunami, ...

I've observed that during a period of uncertainty, people expects bad things. I don't know why, but I guess this is the way some people's psychology is built up.

While the economy is going fine, some people would start predicting that it would go thru the roof ... much better times ahead.

Now, give a slight correction phase and dhusssh ... OMG - we're headed for the endless black hole. The economy would plunge right into the Earth's crust!!

Grow Up people.

Why do we forget as traders that it is because of the Ups and Downs in the Markets we earn our bread and butter?

If doomsday is coming, let it come, face it and go thru it. [I dunno if you'd try to resist it or stop it]
merda taurorum animas conturbit
  • #11
  • Edited 12:46am Jun 16, 2010 12:28am | Edited 12:46am
Quoting Darkstar
There is NOTHING going on that has that kind of potential, so it just isn't going to happen.
soveriegn debt might take Britain and the U.S the way of Greece. Obama's talked about addressing this issue and even proposed targets for reducing the deficit. Recently he flip flopped back to increased public sector borrowing to attempt to save the economy from the much feared double dip and Europe also put the withdrawal of stimulus on hold. This Keynesian based effort to revive the economy may fail. Dead banks do not keep walking in a free market. The dead wood gets cleared out in the down cycle and makes way for the competitive survivors to lead with their prudence and efficiency. That has been prevented from happening. The market may yet have the final say and the efforts to prevent it may turn out to have made a bad situation even worse.Im not saying it is going to happen or even that it is probably going to happen but, it is going on, and it does have that kind of potential.
BTC Return This Year: na
  • #12
  • Jun 16, 2010 12:32am Jun 16, 2010 12:32am
Quoting desifxtrader
Nice 1.

[font=Garamond][size=3][color=Blue]...
Hey, dude.

I want you to post here some good improvements in US economy and discuss them a little, because your posts reveals that you are some kind of degree student or some kind of superior man. And remember, words without numbers are zero, you hear me? ZERO! I want you to show me by sectors or whatever the very good signs in US economy. Can you do that for us?

And secondly, if you have the ability to read books, I recommend you to take some social sciences books and make some study, dude before saying anything at all on this topic, cause it seems that you are not prepared for this kind of discussion. Note how even in bigs shark group, fears and all the emotions are moving the prices dramatically. So you are questioning yourself why is happening this and that useless. Do us a favor and do some research dude, before even open the mouth, please.

Truly yours,

Andrei
  • #13
  • Jun 16, 2010 12:45am Jun 16, 2010 12:45am
I trust this man Mark Minervini when it comes to stock market.

He is in cash since 27 Apr 2010, right before the big May 2010 flash crash.

As of now, it is not a good time to invest in stock market. Will it turn into big crash ??? Your guess is as good as mine. Just stay out of stocks and don't be smart a**.
  • #14
  • Jun 16, 2010 1:11am Jun 16, 2010 1:11am
....whatever - the sky may be falling, or it may not be - though I doubt we'll find many suitably qualified commentators posting on this forum (if anywhere at all for that matter), but the point that seems to be missed here by many is that someone is proposing the "sky is falling" scenario based on a "head and shoulders" pattern on an equities index chart... now that's a laughable forecast.

I wonder if our original poster is brave enough to put his money where his "90-100% accurate" mouth is and short the hell out of the Dow until it hits 4,000 (as suggested).. now that would be confidence... or stupidity.. or bankruptcy.. whatever it is, it aint solid analysis, just C grade charting at best..
  • #15
  • Jun 16, 2010 2:05am Jun 16, 2010 2:05am
Looks like a perfect setup as you say. However the perfect setups don’t necessarily do as predicted.

As for the gloom and doom prediction, I find that a bit harsh. Never lose faith in a resilient people.
  • #16
  • Jun 16, 2010 5:24am Jun 16, 2010 5:24am
Where did you see a H&S pattern?
If you really believe in conspiracies, then shouldn't the conspirators be able to manipulate this market for a long time yet?
Biggest joker
  • #17
  • Jun 16, 2010 8:01am Jun 16, 2010 8:01am
Quoting baron193
Where did you see a H&S pattern?
If you really believe in conspiracies, then shouldn't the conspirators be able to manipulate this market for a long time yet?
ok here is the h&s in the making. observe the neckline has already formed and the righ shoulder is forming. now take it as you like but you cant deny that, that is H&S in the making. this is a daily chart.
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  • #18
  • Jun 16, 2010 10:47am Jun 16, 2010 10:47am
treadline,

Your analysis is spot on, there is also a weekly H&S pattern in DOW, which has a fully developed right shoulder also. In time that will show in monthly chart. When we look at all the charts of all currencies not once has H&S in weekly and monthly has failed. But it does fail in shorter time frame as i have point it out also.

here is what a massive insider, illuminati freemason named George sores...ohh right we all know about him said a few days back

http://caps.fool.com/Blogs/george-so...re-just/406807

George Soros: We Are Just Entering "Act 2" Of The Crisis

Now this guy should know a thing or two about whats going on top, either he is misleading us or he is telling the truth...seems like we are going to witness some extreme scenarios in coming months.

Lets analyze his statement for a moment, if he is lying and misleading us, then markets gonna go up.

If he is telling the truth, it will crash. Now, I don't know how many times, did we see the markets go up with a H&S in any time frame, we agree that in shorter time frames, H&S does break, but it was never a sign of a big trend.

These are the guys operating the casino we call it wall street.
-------------------------------------------------------------------

I don't understand conspiracy theories, look around you, if someone does find the truth in America you call it a conspiracy theory. There was no WMD in iraq and you guys called it a conspiracy theory, later when the truth was found...a million Iraqis were dead.

Things are culminating at a very very rapid pace, I don't care about making more money anymore, some people have good theories and still have good points regarding buying gold. I was into that wave few years back. But, the way things are shaping up, its more of a issue now about survival than stocking up gold.

Last year, it was like man of change would do something, he has turned and shown his true color, up until that point i was saving gold. Now, i don't see any hope. Do you think he is gonna save us, after looking his last year record and the way he bats for the wall street. Half of his team are from Goldman Sachs.

That man is very dangerous, he came as a good guy with a promise of change and took a 180 degree turn on his change. If he had hold onto his promises, i would have saved gold. look at him now, the pioneer of hope has gone, its gonna get worse, what is worse than bush...can you imagine?

Regarding, Sky is falling conspiracy theory stuff, SKY did fall for the Iraqis, afghans and now Pakistanis and very soon Iranians. Wait till it happens to you.

Ohh and yes, SKY also did fall for the greek people, the spanish people all of euorpe which folks have been waring it for years and years.

Please stop watching CNN and FOX, they are just tools for elite Illuminati propaganda. I will post more charts and back up what i have to point out to whats going to happen in couple of months time.

Lets work together, its not about money now, we are not competitors, we need to work together to get out of this end of game times.
  • #19
  • Jun 16, 2010 10:51am Jun 16, 2010 10:51am
Hey Darkster, Cool down, im a big fan of yours, as you been here for a long time. You don't have to call me names and get dirty in here. we are just discussing some charts. Its not personal. My posts are not a personal attack on anyone.

Thanks.
  • #20
  • Jun 16, 2010 11:53am Jun 16, 2010 11:53am
Quoting spiderforex
Hey Darkster, Cool down, im a big fan of yours, as you been here for a long time. You don't have to call me names and get dirty in here. we are just discussing some charts. Its not personal. My posts are not a personal attack on anyone.

Thanks.
I think your call is crap, but on it's own I probably wouldn't have even responded. The market will teach that lesson in due time. What sets me off is conspiracy theories. If you have read any of my posts you know I ferociously attack all of them. Don't take it personally.
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