Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Head and Shoulders formations are so often visible -- virtually all the time for the wave formations are made up with "H&S" formations of all kinds including "Adam and Eve" and "Double H&S" --- Up and/or/side-by-side Down (inverse).
Markets are so pumped up with bags of debt bubbles, it is scary to take blood bath as markets only lured bears to squeeze regardless what fundamentals or realities are saying.
At the moment, markets are dangerous if you are betting other than sitting tight running up and riding the debt bubble joy ride < *scumbags of blood bath squeezes >.
Horrible market except those who are heavily drugged up with debt bubbles riding high ~~~~~ horrible hype high. Any high school students can run up debt and pump markets. Just print and hire programmers to do what Nob has done.
Futures are gone crazy again ~ Miserable NOb debt bubble + Market hype as usual.
@ES 1367.50 7.75 0.57% 39,278
@NQ 2596.50 14.50 0.56% 2,769
Head and Shoulders - I don't know of any pattern more misunderstood by the dumb masses than this one.
There are head and shoulders tops and there are head and shoulders bottoms. Head and shoulders bottoms are sometimes called inverted head and shoulders.
Whether the pattern is a head and shoulders top or bottom it is always a reversal pattern and never a continuation pattern.
The trend leading into a head & shoulders bottom MUST be down.
The trend leading into a head & shoulders top MUST be up.
A continuation head and shoulders as a recognized pattern having any significance or consistency does not exist. It is just as much nonsense to say "continuation head and shoulders" as it is to say "continuation top" or "continuation bottom".
Of course if you are in the habit of making up your own rules, patterns, systems and TA then of course you can make anything anything you want. heh heh
watch - Where have you been? It has been two years since I have heard from you. Glad to have you back and I hope you will stay around.
I agree with you completely. If we break 1370 then we go to 1465 before a 65 point correction.
I know how I came up with that. How did you?
I think we will go up to 1370 and higher 1460 or we will go down from here to 1286
Thanks Jenna, you are a real sweetheart.
snoot's call - "The pattern i'm expecting now will drop to 1280ish and then go back up to 1375-80 and then back down to retest that 1280 level again. That would set up a nice symetrical I H & S out of the 1074 low"
snoot uses forks for his forecast. His high for this advance was 1367 tag of his top fork line.
We will see.
U ask others to share their hard work and yet u post that ur update is available on a pay site???? Ok. We go to 1370 and retreat to 1280. Ur welcome !,
Qone0 - Excellent thoughts. You are correct in most opinions.
IHUB ANALYST - We have gone up from 1202 without a decent correction. That is 160 points. We closed Friday at 1361.
The last 65 point correction we saw was from 1267 down to 1202.
At what price can we expect to see something like a 65 point correction again?
Just give your best guess and if you would like to add your reason it would be nice. You can give your best guess even if you are a trend follower, carpenter, wallpaper hanger or stone mason. If you don't want to share with us because you fear embarrassment that is fine. If you have no clue so you would rather not guess that is fine also.
Please don't say we will go up if we don't go down. Please don't say we will go down if we don't go up. Just an S&P price for a 65 or so correction will be fine. Your reason would be appreciated. No hurry, whenever you are ready.
If you know of a price called for a correction by some IHUB ANALYST on another board you can also share that along with their name.
I just think it would be interesting to hear every one's opinion of what price the next 65 point correction will occur.
GIVEN UP:
Obviously all bearish comments are faded until all squeezed out.
I also give up.
The Weekend Update with charts and commentary can be found in the Trading Pit.
VIX is getting squashed today.
$COMPX 2951.07 -8.78 -0.30% 1,342,315
$INDU 12946.47 42.39 0.33% 620,043
$INX 1360.61 2.57 0.19% 2,141,481
QE Explained ~ it is disguised in a glorious term.
QE is destroying nations around the globe. Americans do not know.
Castrating a Bull Calf
POKERSAM
I am NOW going to stop being a moderator on your board.
POKERSAM
Some how IHUB still has your board marked as a Stock board.
Stock boards like "AAPL" have up to 6 moderators.
Maybe the IHUB admins can not change the IHUB computer program ?
I do know that creating a new board you could become the sole moderator again.
That is all I can say.
TREND1 - Well I guess we still have a problem don't we?
TREND1 - I have already been through that. Don't you remember when snoot and northam formed what snoot called a lynch party and tried to get me off of IHUB by taking over my board. I think you were even in on it with them. The symbol SPY has been gone since then.
POKERSAM
You have to create a new broad with out any symbol.
Maybe call it EWAVE or
Discussions on EWAVE or
some thing like that.
With "the symbol" two additional moderators will some day show up.
PS: It looks like IHUB is not going to let you keep the symbol SPY.IMHO.
Poker,
That looks good, except that this bear market rally should equal The top of the last rally to about 1576 as the FED should run the same game plan as they did in the late '60's through the 70's. A 15 year tripple top flat.
So the red square needs to be moved to the left into the last wave 5 and the top into 1576 area. I would read this as a wave 3 of 5 for a ST top of wave 3. They should reach this 1500 level by the elections. So there needs to be a shallow correction or it will blow right past 1576 by the election if this rate of accent continues.
Time will tell all.
Debt bubbles and market hype
Nations around the globe will never get out of the fraudulent debt.
~*~
This market is debt bubble pretending to be ..... bull sh't
You know that major nations around the globe will NEVER get out of the fraudulent debt.
Castrating a Bull Calf
Pretty funny. I wonder who they r laughing at
Just a note concerning my long term illustration. It is a map of the WAVE STRUCTURE and the WAVE COUNT. It is an IDEALIZED chart. In other words the waves as depicted will not match perfectly in length the actual waves on a price chart. For example wave II will probably end near the beginning of wave I on an actual price chart. On the idealized illustration wave II ends further below the beginning of wave I. You see, I have never changed the wave labels or the wave structure since I first drew the illustration.
I have never done it once, ever.
Compare my illustration to the actual price chart for the same time period and you will see how close the illustrated wave structure has been so far.
I have added the dates and the price when the targets on the illustrated wave structure are reached. The predictions are in blue and the actual price when hit is in yellow with the date in blue. I move the red square to where I think we are.
Let me also say that should this illustration fail to apply as we go forward it will not be the end of the world. It will simply mean that my educated guess made years ago was wrong. Right for the most part but wrong on the last wave down because that is all that is left. No big deal. If I find that it is wrong on that last wave down I will be the first to say so.
I have tried to make this all plain and simple in the past but it does require at least a minimal amount of intelligence to understand it. I guess that is why I still find a total lack of understanding in some posters on other boards. Then again, they may understand it completely but have to lie about it or admit it is truely amazing and can only be the result of the application of Elliott Wave.
heh heh
If you happen to still not understand it, please tell me and I will try to answer whatever question you may have.
If you think I am crazy and that Elliott Wave is worthless you might want to go to the board below and join in the fun. Just read the last ten post or so to catch up. I think you will enjoy this.
http://investorshub.advfn.com/boards/board.aspx?board_id=19922
On the other hand, if four of the biggest idiot losers on the boards hold no interest for you, don't bother.
What a great illustration of four idiots discussing something they know nothing about. It is pretty funny. heh heh
I often read this same board just for the entertainment value. It is a hoot.
QE = Queen of Endless disasters
Have you not noticed that QE is nothing but Endless Disasters ever since Greenspan took over the Fed, the Debt has been skyrocketing in a long term. Only recently EVERYONE is realizing what is happening.
Qone0 - This is my long term illustration of how I think Grand Supercycle [IV] 'dark blue' will play out. This is a giant corrective wave [IV]. Green wave (a) is an abc flat. (b) is an abc zig zag. (c)is a five wave impulse.
Look at the Primary [white] waves count [1-5] on the move from Cycle 'pink' b to c at 1370. Then there are five ,not shown, Primary [white] waves down to 'pink' I at 1074.
These are the five Primary waves on my previous chart.
If we go above 1370.58 in wave II there will be some real changes here. I came up with this illustration years ago and it has worked well so far. At the time it was an educated guess and remains open for change. It has been right so far though, so I think it will continue to come to pass.
If you have other questions I will try to answer them.
Poker, OK now I'm confused.
Should there not be after the top of wave [5] at 1370. An [A], [B], [c] corrective series of the same degree. Before you can pick up a [1] again in the count?
You have not seen anything till you see this bubble burst.
http://leavittbrothers.com/blog/?p=5325
Poker,
It's pathetic fundamental and technical reading except dragging up damned Rottenchill Queen of Disaster.
$COMPX 2959.85 44.02 1.51% 1,828,231
$INDU 12904.08 123.13 0.96% 857,562
$INX 1358.04 14.81 1.10% 2,941,763
Qone0 - No, I am still bearish. By that I mean that I think we are right near a ST, IT, LT top. We hit 1359.02 and we can go anywhere up to 1370.58 before I will consider becoming bullish.
What breaking 1356.48 meant was that I was wrong about the top and the beginning of I not being 1370.58 but 1356,48. There is a way to count wave [4] of C of (b) back in Apr. May of 2011 as a flat. It is not as pretty as the way I had it counted but it appears now that it was right. Bottom line is that the market says 1370.58 was the numerical and the orthodox top. The market is always right, I just try to listen to it and keep up.
If we were to make a new high above 1370.58 then I will have to really seek a solution and will perhaps have to become a raging bull. I don't mind being a bear or a bull.
If you look at the trend, right now, short term, you have to be neutral because the market has been a 25 point range for 10 trading days. Intermediate term the market is in an uptrend. If your long term is two years it is in an uptrend. If your long term is more than that it changes depending on your definition of long term.
Poker your count just died. That would make you a bull now correct?
OT:
Addendum:
On 9/8/2001, I went to WTC Observatory, then went to see "Phantom of Opera" on the NYC Broad St. Before I left on 9/9/2001 in the morning, I went to downtown to take pictures of WTC.
It was another God's prophetic message to me.
God has sent me to speak truth -- I hate to suffer to listen to God as I did, but IT IS GOD SPEAKING THE TRUTH.
For USA, Obama is living hell for the world.
POKERSAM
Thanks for the EWAVE info.
TREND1 - 1356.48 is the high not the close. EWave is not concerned with the daily close except on a daily chart.
That is 9 days we have been stuck in this range. Perhaps we will get out of it tomorrow. One thing is without doubt, we will not stay here forever.
Jenna2116 - If the market can make you sweat and barf you are in the wrong business.
Stingray - EWave is "foremost" but any type of TA is open for discussion.
lol...title sez T/A...but I'll wander over to the other board... -g-
Stingray
This board is about EWAVE.
Not trends.
Hence the handle -g-
AAPL looks like a blow off top...what would SPX have to hit (to the downside) for you to confirm a trend change?
Stingray
It is moves like the recent one that finally made a me a
"trend follower".
I can not predict the market direction.
But can follow the trend.
I keep expecting a move down...but it is has not materialized...it's been a long time since I've seen such a steady (non-volatile) climb higher...
Stingray
That is a non confirmed negative divergence. IMHO
If confirmed it would mean a down move is in the making.IMHO.
.
See Chart School
http://stockcharts.com/school/doku.php?st=rsi&id=chart_school:technical_indicators:relative_strength_in
Trend, is that negative divergence at the bottom...or, does it mean there is more room to move higher?...
POKERSAM
In EWAVE is 1356.48 based on HIGH or CLOSE ?
I think you will lose some weight sweating or barfing today based on futures.
The theme and focus of this board is Technical Analysis in all of its many forms. Foremost here is Elliott Wave Principle. In my opinion the very best system for predicting turning points and market direction in every time frame is Elliott Wave. The proof of the pudding is in the tasting. Nothing compares with it.
Geopolitical and Economic News is of vital interest. We will all attempt to stay on topic. Posts that are not on topic are subject to deletion.
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.
Taken from StockCharts Chart School.
Please lead with the name of the person you are addressing or the topic of your post.
Personal attacks will not be tolerated and the post will be deleted.
I have a low tolerance for antagonism and your antagonistic posts will be deleted.
Differing opinions are welcome and will be treated with respect.
If you need assistance posting charts or have other questions just ask.
Please remember that everything that I say or imply on this board is strictly for entertainment purposes and is not meant
to be used in any way for trades with real money. POKERSAM
Join me in The Trading Pit
You will get Targets, support and resistance and turning points for ST, IT and LT.
I am there all day, every trading day, to post charts, answer questions, and provide play by play commentary. That is what is different about my Trading Pit Forum.
For more information go to http://indexinsight.com/
"But forecasters' concerns should be not whether human response is rational or irrational, only that it is observable and systematic." Allen Greenspan
"The bottom line is that certain patterns of price movements have proved through observation over time to be consistently repeated in a systematic fashion." POKERSAM
THE FAIR TAX Please read "About The Fair Tax" before passing judgement. I believe the more you learn about it the more you will appreciate it and become a supporter. https://fairtax.org/about/how-fairtax-works?gclid=COa8kfnH684CFQQGaQodMfINNw
THE LIBERTARIAN PLATFORM http://www.lp.org/platform
Always remember, "It's not done till it's over done."
If you are a "Rigged Market Conspiracist" please talk about it somewhere else. That topic is totally off topic on this board.
US Dept Clock http://www.usdebtclock.org/
The big challenge for every American is to separate the truth from the propaganda.
What is the richest and most powerful criminal organization on the planet?
It is the first duty of every patriot to protect and defend his country from its government.
"government even in its best state is but a necessary evil; in its worst state an intolerable one"
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |