Perfect Head&Shoulder in Dow >> Massive Crash Again

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Again, you are not actually debating anyone here but telling them that their thoughts are crap without any real rebuttal to give them something with which to adjust their thinking, if they are indeed in error. Your intelligence, wit and sarcasm are clearly formidable but these traits are lost in the torrent of your disdain. You do not look to discuss but to inform the "swine" of their stupidity.



amnestic, you mean

Hahaha, exactly!! You are proving my point. The Kool Aid from Jones and the B Davids believed just that! They all believed that there was no conspiracy and that everything was hunky dory and that nothing could possibly go wrong.
So, what are you even talking about? In any case your statement is so far out of the context and realm of economies, markets, and trading. Yes, in regards to markets I believe history shows ppl have a proclivity towards ignoring ubiquitous, economic facts (sovereign debt, individual debt, govt financial mismanagement, a bevy of convicted elite/insider traders manipulating markets) at their own peril and with the belief than their fellow man would never precipitate loss on someone else for their own personal gain.





Wow, an actual concession. You actually read and understood one part of my comments without your own preconceived filters. That wasn't so hard was it?

Again, I don't agree with everything said but chucking out baby with bath water is how one never learns. No one person or group has a monopoly on truth. Classic conceit, how you are completely dismissive with not much in the way of an open forum attitude, which of course is the point of the board here.

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You really are intent on the labeling aren't you? I understand that a person convinced against his will is unconvinced still but not every single person on a forum is of the same bent. Again, it's a debate not a lecture.
So sure, if truth as you say, is personal, it means your ability to categorize or catalog others is your truth. The market will spell out the rest in the near term and the results will be weighed for all to see how they interpreted or misinterpreted. If their theories were wrong they will see but no need to excoriate individuals.



Uh, yeah, and while there are myriads of different ppl and ideologies on this board that is why the discussion is taking place, i.e. with the masses. If you have somehow arrived, great, why not let others "catch up" without the scorn, O Arrived One?
In any case, I agree with you here on the history of the world. What I don't agree with is "why bother?" Every tyrant, manipulator, or thug in the world salivates to hear intelligent people sigh out those words. They know the masses are controllable. If those with vision trade in resistance for acquiescence the proverbial sh*& hits the fan.
I.E. your love of quaffing obscene liters of alcoholic libations in some mitigated form of freedom goes the way of the married Catholic priest. non-existent



Without too much philosophy delving that is another huge sweeping statement. Murder being wrong, gravity weighing you down, etc etc ad nauseum ad infinitum are absolutes. Ppl who do not recognize absolutes are only trying to rationalize some behavior or preference.



I, for one, think I have done a most excellent job of debate. [/quote]
I see that you believe that...lol It's been entertaining....have a drink on me. At some point I will re-orient on trading....

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Captvrod......... NINE !!!!!!



MuddBuddha..... seven !!!

Mudd,

Wow...you really create a chain of thinking that I am not sure I follow. (However, again, I agree with you on some points...self government for example is exactly what a limited Constitutional Republic is supposed to be.)
Certainly a forum on a computer lacks all of the nonverbal comminicae that comes with talking face to face so I can see you missed many of my points for some reason or another. Don't even know how to begin to address it. Which is why I keep beating the dead horse of asking you to see that you are "labeling" people, slinging mud by name calling, and letting your fervor paint the picture in your mind of what you think people are saying.

For example, to be light hearted every intense debate needs cycles of levity so that ppl do not get heated. A release valve, if you will.
I made two comments with that purpose in mind. I kidded you about having "arrived." Therefore, I said "the Arrived One." Not the enlightened one or awakened one. I know what I was trying to convey. You process through your filter and do not SEE what is being written, several times through this debate. That's not an attack on you, I am asking you to consider this oversight.
The comment about your drinking, which I myself enjoy, tossing back some dark, bitter brews, was made to prove a point that it was a freedom which you enjoy and that if you do not stand up to the tyrants in the world then your freedoms are relinquished. How is that me being judgmental? I think you approach the whole idea of a forum as adversarial not organic. Just from what I see here.

In any case, this whole line is now tangential to be sure but too interesting to be abandoned. For example this,

"When I was serving in the military during Operation Desert Shield, we stormed into Iraq and drove the Iraqi troops from the Quwati oil fields in a quick and decisive manner."

I love the play on words there. I was there too actually and Desert Shield was the ramp up. Desert Storm was the liberation. It made me chuckle that you actually said you "stormed" in.

Anyway, I don't understand your statement that it was an "indian" problem as Kuwaitis and Iraqis are neither. ?
For some sake of brevity to sum up my whole theory in the theater of war, I believe in defending one's own soil, life, liberty, and the pursuit of property(the actual wording of the first draft of the Declaration of Ind).

The only justifiable wars were Revolutionary, WWI, and WWII.
However, the Falkland Islands, Iraq, Somalia, Vietnam, Korea, Afghanistan, Persian Gulf, etc. etc were purely profit oriented in some form once whatever govt was taken out of the way and puppet installed. So, Thomas Jefferson said it best "Commerce with all nations, alliance with none, should be our motto." George Washington echoed the same sentiments in his farewell address.

I agree with them and do my utmost to share this view with Americans. So no I am not at fault for tyrants, people being misled, or any other of the litany of accusations.

How you got on this chain of thought is puzzling to me but I must say that us trying to democratize a nation that has not put in the blood, sweat, tears and years of study to own that level of civil order cannot long keep it. It is not unlike giving an expensive car to an undeserving brat who will simply trash it because they never earned it. So while I am a proud veteran I have learned that my country has ever been pontificating and imperializing by violating other sovereign nations' collective will.

I am not at "fault" for doing nothing as you alluded here,
"try doing more than spouting off in a forum"

as you accused and you amaze me by implying I do nothing. I served my country honorably but learned that toting a gun or blasting a purported enemy does not make one a liberator, especially if misguided. I have applied myself since returning from the Gulf 20 years ago to understanding how governments work, human nature presents itself, and dialoging with people to confirm my theories.
In addition, I write much and avail myself to every avenue of the political process. So, please, just once stop with the generalizations and verbal jabs as I have said all along, and maybe we will see there is some commonality. Maybe not, but I am not an adversary, at least from my end.

So my "doing" is subscribing to the belief that the pen is mightier than the sword, although I will use a sword to defend myself if necessary.

So, as you say, I spout off in this forum and any other that will listen and dialog....

Are we back to trading yet?

here you go analise as you want. but you can deny the fact that that is h&S in the making.

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Oh, too late!
I saw your last barrage of taunting before editing....yeah, it's easy to take cheap shots but I appreciate the debate. I am not over here being holier than thou despite what you think.

Still quizzical how you could infer that I questioned your service. Didn't I just say I thought it was a good play on words? Sheesh man. Chill out.

Anyway, I never once said the technical analysis was perfect by spider. I was defending other people's right to their views without the acerbic smackdown.

I imagine you could teach me a thing or two about H&S.

As for my trading, it isn't my living...yet. But I average about 100 pips/month and I think its pretty solid for someone who is flying 20 days out of the month and unable to always trade the London session.

Mudd,

No I didn't see who you have read. I didn't even know who Mayberry (Maybury) is. So I googled him and I am assuming it is the guy who penned Ancient Rome and several books on the World Wars, justice, etc.?

I will check him out. Again, you seem to think I have some beef with you. Why?

My sword is not in question, on any front. Too much of the whiskey and well, it could be...

Considering 99/100 people are losing, any pips are good. And how do I know this? I have contacts in the compliance.

Most people who claim to having a winning record, actually do, but have one or two major blowouts, that they "don't count". Me I win, cause I have to, I hate working.

Yeah man, I blew out so many accounts I lost track over the last 6 years. It wasn't until I found a scalping method that I managed to finally get profitable.

I found I am a decent trader but a terrible loser. Like you said, I would have one massive blow out about every 2 months because I simply couldn't accept that I was "wrong." And my stash of cash and hundreds of pips would go low or even negative. (well it felt negative anyway.

I hope to one day VERY soon (next 6 months) leave my day job

fOLLOW ME.

Not all the choices in the US tool kit involve more debt. I have posted on this topic before. I'm not saying I like all of theses choices, but they can have the effect of staving off doomsday. What are these choices? I will not rehash and discuss them all here--- but 2 ideas are:

1) US quitely begins to unwind it's gold reserves, and gets the price of gold back near the $500 per ounce. This would bring down, if not collapse, all world commodity markets. Commodity bubble over...cost of doing business brought down drastically, big profits, not long term stock market collapse.

2) US brings oil down to under $40 a barrel, perhaps even lower. There are multiple ways to accomplish this. Again, commodity prices are drug down much lower. This would put more money in US consumer pockets and could kick start inflation.

These are only 2 examples, there are many more. I'm not saying I like them. I'm just pointing out that there are guns that could be fired off before we see total, sustained collapse of our stock market and way of life. No one wants to go down in history as the captian of the econmic Titanic, so it is hard to see how things could go down before all the dry powder has been spent.

Regards,

You're probably right but the possible flaw in that thinking is the idea that governments can actually "fix" something. The markets will do what they will eventually and no amount of intervention can change the inevitable forever.

Personally I'll leave the forecasting to the weathermen, trade what I see and try to make a mint whatever happens. That's the great thing about trading ya' know (the money's in my pocket, however it goes).

Obvious H and shoulders, not only on the daily BUT the weekly too.

No need to fix: I just hope they can postpone the crash to 12-21-2012

even those people that know exactly what is going to happen, they can't understand that world economy has already collapsed. about two years ago. without return.

the truth is that governments never let the world economy reach its bottom using techniques such as stimulus policies as well as other measures.

but why? because it wasn't yet the right time. they killed their victim but never let it die. it was put on mechanical support in order to be available to be disconnected any time.

there are signs that this will happen very soon. maybe this August/September, late autumn or a little later. but it will happen.

you can laugh at what I am saying, but that's probably what I want. for it to be much more funny when it will happen.

Given that the month ends tomorrow. this is about how it going to look like:



there is one month left for the head & shoulders to be complete. if dow fails to close above 10,600-10,700 at the end of July, this is it. and what can happen after that is the steep drop to start immediately or to be delayed till the mid autumn. my opinion is that it will start immediately. the world will never be the same anymore. not because of the dow collapse. not because of the world economy collpapse. no.

if you notice, this is the first time since March 2009 that there are two consequent drops, with one of them being by far the biggest. this is about how everything started at the last recession. the least that one can say is that something is changing, a slowdown in recovery or something like that. the most that one can see is that everything will collapse and reach a bottom.

Still, are you sure that this is the most?