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« Mother Market Springing the Trap | Main | Death Cross Approacheth »

Tuesday, June 29, 2010

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Hockthefarm

A Brief History of the United States (1980-present):

http://prudentbear.com/index.php/featuredcommentaryview?art_id=10399

Hock

Micky D

Just triple checked the charts. The Great Triple Three of Three with Three cherries on top is here.

I thought it was here 3 weeks ago, but it extended to the power of 3 and that projects to tomorrow 6/30 (6 divided by 2 is 3! and 30 divided by 10 is 3!) at 3:33. Simply amazing how the math works!

Get ready for crash mode. This will be the Grand Super Triple crash (only happens every 333 years, but it is here now).

Seriously, this is the big one(my charts told me the same thing in Aug 09, Sept 09 & Oct 09, oh and Feb 10). Somehow though I missed the May crash, it wasn't a crested nested set of 1s and 2s and 2s and 1s.

So get ready! If this doesn't work out, 7/3 is projecting to be big, oh wait that is a Saturday.

May the short be with you!

DG

VB,

This is my current analysis.

We could still decline more, but not too much more and any rally would have to be at least somewhat robust in order to maintain this perspective.

http://img706.imageshack.us/img706/9705/spxdailyjune10.png

I think it's too early to start talking about a 3rd wave of any wave-(C) of a Flat. Even if that count is right and the wave-(C) is underway, it needs to last at least as long at wave-(A) and more likely will be t(wave-(A) + wave-(B))/2, which means it'll go until nearly the end of 2011.

http://yfrog.com/jmspxdailyjune10p

DG

Where do you expect TZA to retrace to, under those conditions?

The longer term moves of these leveraged inverse ETF's are difficult to gauge.

You said it.

ns

I would think the open gap at 60-65 would be filled.

Roger D.

On TZA? No way in hell. The thing bottomed around 5.5 in April. To go to 60-65 would be a ~1100% return, which would require a ~300%+ decline in the IWM. Even given that compounding would work in your favor during a bear market, the math just doesn't work to get back to 60. When you consider that it took an over 100% return on the IWM to get the TNA 3X Bull ETF to go up 600%, there's no way the 3X Bear ETF will go up over 1100%.

Every day you find some new way to demonstrate your cluelessness, that's for sure. You are the embodiment of the saying, "Nothing is ever idiot-proof, because the universe will just create a bigger idiot". Wow.

Roger D.

DG,

Hide and watch asshole.

Roger D.

Account Deleted

DG !!

Thanx for your perspective on SNP.Even based on the view u gave me after a brief E leg we are headed straight down and could be quite a ferocious fall.Wht do u have to say about it ?

Wht is the larger structure that u r looking at or is it still that the count is still evolving.


Regards
VB

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