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« China Stockpiling Explains the Rise of the AUD | Main | Bernanke's Operation Twist II Has Failed »

Wednesday, June 10, 2009

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Upstart

Hmm. Somebody had said that the sideways in May could only be a flat. Wonder who that was?
:)

Rob

When is the wave v expected to complete? How much of a pullback is the STU then calling for?

EN

We need to hold and close above 950 spx. We can do it if we all try hard . . . Until then, I just sell that level and buy the 930 level.

If the STU is bullish, I just turned bearish. Time to short.

anon_aka_TERA BAAP

950 is ridiculously easy.. as the market consolidates above the 200 dma , and soon the 50 dma will cross over the 200...bears will not believe what happens as their account (what is left) gets wiped out

next week is OPEX..and then the Fed meeting !!

the market NEVER goes down during the Fed time

i am buying more calls

Taz

JPMorgan Chief Asian and Emerging Markets Equity Strategist Adrian Mowat says in press briefing that with inflation low, a very powerful, synchronized policy response from governments, central banks, there's likely to be a sustained period of above-trend growth in major economies starting in 2010; calls it "the biggest bull market of your career."

My sentiment indicators affirm the euphoric nature of the market here in OZ. I m still counting this as wave 4 up with 5 down to new lows dead ahead here in OZ.

I know of three other people here in OZ who don't think we have bottomed. Everyone else thinks the final bottom is alreeady in. Quite scary. But anyway who cares what i think - as Anon said I am a good fade.

Taz

ed makowski

DJIA should be over 10000 as soon as next week, it is time to buy.

anon_aka_TERA BAAP

WHat happened to the clowns the other day who said the NDX "topped"?? Ned? Hank?

HAHAHAHAHA

we go higher, with more bears left behind as roadkill!!

Bernanke has gotten in trouble with Congress, so he will print even more cash to make the markets go higher!!

SPX 1000 is easy by the end of this month, probably sooner.

SPX TO DROP below 500!!!

After the top is in. Neely and the NEoWave technology is predicting the SPX will drop below 500!!!!!

WOW!!!!

After the top is in. Neely and the NEoWave technology is predicting the SPX will drop below 500!!!!!

WOW!!!!

After the top is in. Neely and the NEoWave technology is predicting the SPX will drop below 500!!!!!

WOW!!!!

MHD

DG
If Neely's current outlook is wrong, what pattern will he switch to? If this rally continues much longer it will probably mean his current pattern is wrong. Also, if wave E does end and turns out to be correct, what time frame do you have for your S&P 640 prediction? Neely seems to be all over the place as far as timing (multi-week to multi-month, then back to multi-month)?
It's been pretty interesting lately watching all the E-Wavers and their outlooks. EWI seems to be really nailing down the market moves recently. Seems like Neely is saying the market has run out of time to move higher. Time will tell if he is correct. Sure doesn't look like the market is going his way today!

anon_aka_TERA BAAP

Neely is a CLOWN.. he has missed one of the most powerful bull moves in HISTORY!!

Bears will keep trying to "catch the top" even when we hit new all time HIGHS!!

u want elliott wave i will give u elliott wave.. the preceding decline was a wave 2.. now we are entering 3 of 3.. the most powerful bull move of all!!

my calls are making me cash on daily basis... i like GS and XOM as well as SPY of course

Mamma Boom Boom

>>WHat happened to the clowns the other day who said the NDX "topped"?? Ned? Hank?
HAHAHAHAHA>>

Something wrong with your chart supplier? Maybe you should leave your little pecker alone.

Upstart

Things are starting to look sort of ending diagonalish, like the Nasdaq especially, and there's a gap from 8 day's ago begging to be revisited.

Upstart

I don't see why an alternate count in the DOW couldn't be that we finished a simple zigzag two days ago and we started wave 3 of a diagonal at yesterday's low. It's too early to tell. But, like I say, the Naz even has more of that look already.

Upstart

Correction: The simple zigzag ended 3 days ago.

Prishnya

Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart

Traders talk is hosting the Neely chart
Link - click here:
http://www.traders-talk.com/mb2/index.php?act=attach&type=post&id=11041


Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart Neely chart

SC

That Neely chart is righteously OMINOUS bro!

Thanks for posting.

Upstart

I'm not versed in Neely's method. Why does he always see something rare like an expanding triangle?

DG

MHD,

Come on over to the Neely subscriber blog (you're clearly a subscriber, but if you can cut and paste something from the most recent update for proof, that's ideal), where we are discussing these things. I don't want to go into any detail in a public forum out of respect for Neely's requests about keeping his trading updates private. I'm not affiliated with NeoWave at all, just a subscriber who wants to discuss it with others.

Send an e-mail asking for an invite to neowavetrader at gmail.com

The short answer on the pattern is that there is no evidence that the move from the March lows in an impulse, so since it is corrective, the majority of it will have to be retraced.

AJ

If you want to see a textbook ending diagonal, take a look at the Nikkei!

Mike McQuaid

NDX rally soldiers on. Chart has open breakaway and two continuation gaps since the March 9 reversal. The trend continues to define the W bottom while it sports a well defined 0-2 trendline labeled March 9 and May 26.
W.D. Gann would comment on the 50% retrace of the last big selloff in '08. It's been a nice profitable rally and the golden mean comes into play at 1612.

Mike McQuaid

The NDX rally producing the 0-2 trendline March 9 to May 26 took 55 days.

Thor's Hammer

Recession? Stick a fork in it. It's done.

About five months from now they'll say "Recession ended in Q2 2009"

Thor's Hammer

Rally just getting started in energy stocks, consumer nondurables, durables, tech, pharm, and entertainment/travel.

Party just getting warmed up. This bull will make '82-'07 look like a molehill. This one is gonna be almost straight up and looooooooooong. It's called technology, people. It's exponential and, when you mix it with the growth of liberal democracy, it's here to stay.

The Question Askerer

Do you bulls write this stuff to convince us or yourselves?

Hank Wernicki

anon_aka_TERA BAAP

It did top and we made alot of money

I'm a day trader

geeezzzzz


you want the chart ?

Hank

It's not very nice to call others clowns

rohrbach

MM, You are the one of the few intelligent observer's ! Thanx for that!

Hank Wernicki

anon_aka_TERA BAAP


another thing

we got captured almost 70 points this week trading

did you do that or Prechter or Neely ?

all documented and time stamped


geezzzz

Hank Wernicki

Ned Bushong

Now this is goofy

email me for the chart Ned

Again I'm a day trader .................

I resent being called a clown ... I hold multiple Graduate degrees etc.........

No more Posts Here , Sorry Duncan

Bye

anon_aka_TERA BAAP

Hank !!

Learn from Thor..he is exactly correct

when you say "NDX topped" did you mean it for just few hours???

this market is like a STRIPPER... it is TOPLESS!!

HAHAHHAHAHAH

Wavist

'u want elliott wave i will give u elliott wave.. the preceding decline was a wave 2.. now we are entering 3 of 3.. the most powerful bull move of all!!'

Impossible, one of the only absolute rules that Elliott laid out was that wave 2 can never end lower than the beginning of wave 1. That count is a violation.

anon_aka_TERA BAAP

The rise from 1987 into 2000 was a supercycle wave 1.. the wave 2 an expanded flat extending from the 2000 top into the 2009 low..and now SUPERCYCLE WAVE 3 BEGINS!!

just consider what a powerful chart pattern this is..

we are gonna go so high it will make those who recognize this, to be RICH

clowns who short this thing will be DEMOLISHED

anon the clown  One thing for sure.. you are not going to be rich with your penny call options.

anon the clown

One thing for sure.. you are not going to be rich with your penny call options.

Obama and Bernake will re-write the rules of Elliott Wave

Impossible, one of the only absolute rules that Elliott laid out was that wave 2 can never end lower than the beginning of wave 1. That count is a violation.

It was only a rule before Obama and Bernanke came on the scene. Now that they are here, all those old rules are invalid. Asking Obama and Bernanke to be limited by rules is something only a clown would do.

anon_aka_TERA BAAP

One thing for sure.. you are not going to be rich with your penny call options.

while the CLOWNS have been trying to short and "catch the top".. i have been ADVOCATE to BUY..

i give u FREE advice becuse i do not NEED to sell Subscription..

no penny calls..i like:

GS - Obama and Bernanke will ALWAYS protect Goldman so GS calls is like a FREE MONEY!

XOM - When Bernanke print cash, OIL goes UP!! so Exxon Mobil is BEST play for oil

SPY - IT is going much, much Higher!!!


Forkoholic Serge | Elliott Wave Forkology

http://forkoholic.spaces.live.com

Our next possible turning dates are Friday & Saturday.

June 12th is Fibonacci 610 calendar days from Oct 11, 2007 top
June 13th is Fibonacci 2584 calendar days from May 17th, 2002 high

Yet our expert $NYMOlogyst suggests what rollercoaster may continue Friday or Monday which perfectly coincides with our turning date.

Forkoholic Serge | Elliott Wave Forkology

>The rise from 1987 into 2000 was a supercycle wave 1.. the wave 2 an expanded flat extending from the 2000 top into the 2009 low..and now SUPERCYCLE WAVE 3 BEGINS!!

I got it! anon_aka_TERA BAAP is Neely himself with Dow 100,000 :)

Mamma Boom Boom

>>Ned Bushong

Now this is goofy

email me for the chart Ned <<

What's goofy? Did you misunderstand something?

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