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« Australia is the Most Overvalued | Main | Fading the Fed as QE2 Embarks »

Tuesday, July 20, 2010

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MHD

Ben should be ready to announce he was just kidding, and the markets will blast up. Right after he covers his shorts and goes long.

Wave Rust

ben said the economy is certainly uncertain.

everybody in the pits certainly agrees

i guess ben is not yet certain whether the ecri's wli this week will dip below -10.

with everybody wiggin out today, the market should blast off tomorrow. but the question is whether the rocket is a US rocket or north korean

so now we have a bullish up to the 13th and a correction for the past couple of days, or vice versa :))


wave rust

JT

A total collapse in the market today, and yet Freeport Copper (FCX) has broken out to the UPSIDE and is now trading above the 10, 21, and 40 day MA!

Sure doesn't look like the "End of the World" to me given the bullish action in FCX and a chart that has bottomed out and turning back up.

Roger D.

With the Euro in a motive pattern and a rising wedge up presently,markets will continue down.

http://www.screencast.com/users/parisgnome/folders/Default/media/9edae1ca-5435-44b6-8438-94389c4ce9c9

Roger D.

Mamma Boom Boom

>Sure doesn't look like the "End of the World" to me<

I'm happy for you. But, I don't recall anyone talking about the end of the world. Did you have a nightmare?

JT

Guess you haven't been reading Prechter lately or all of the "Perma-Bear" blogs.... LMAO!!!

Still long 4,000 shares of NRP from $20.73 and a 9% dividend yield.

:)

Roger D.

MCD Mcdonalds looks to have completed it's supercycle top, I would expect a 3rd wave down tomorrow at the open.

http://www.screencast.com/users/parisgnome/folders/Default/media/8c5e44e1-1bdf-4959-88cb-5824412a5c45

Roger D.

Chuck Cheese

The bear blogs have one thing right, this market will try to screw the most people possible ... 3 out of 4 days with 200 plus moves. Watch the Euro and Dollar.

FCX gapped and crapped, like AAPL, INTC etc.. GL with that, dollar may crush it, again

da bear

Roger D.,


That would mean that Proverbs 7:22 warning of a "correction of the stocks" is correct.

yelnick, if this happens then can we say that King Solomon nailed this decline? lol


da bear

dogismyth

what i find humorous, is that no one has a clue, everyone is scared shitless, and wealth is being transferred accordingly to the casino execs. So much time spent on a fixed game, but very little time spent on demanding a better model for gambling...or whatever it is you folks do with your time.

Mamma Boom Boom

Roger D., I'd recommend you put a blindfold on. Because, what's about to happen to you will be just too heinous to watch.

My 2 Sense

Roger D, do you think stocks will collapse tomorrow? I mean Friday? Whoops-- check that-- Monday? Or sometime next week? What about the week after?

If it doesn't happen this year, will it happen the day after this year? Or the day after that?

Personally, I think it will happen a miraculous, magical, mystical, wonderful

144 weeks

from today. 144 is a specially-wescially wonderful number with superteriffic socionomical astobolomical properties.

144 is a FIBONACCI number! Isn't that cool?? Now you know the secret of the universe, which unfolds in beautiful magical Precterwaves that are everywhere...

shells
flowers
music

da bear

Proverbs 7:22 could be pointing to a low coming up for 'c' of 'iv' of 'e' of 2. Then a rally to 10,666 by Arch Crawford's 7/30 to 8/03 time frame.

basically, we're screwed. lol

da bear

da bear

Arch Crawford thinks we could see solar flares.

Stock up on Fiat Metals peoples.


da bear

Roger D

You winers,that hide behind different handles. I still say burn your chart books because you don't read them.

Roger D.

Lou Beed

I think Benner is actually Charles Nenner.

DG

You winers,that hide behind different handles. I still say burn your chart books because you don't read them.

Roger D.

Posted by: Roger D | Wednesday, July 21, 2010 at 02:47 PM

You know how I know your trading SUCKS? Because all you brag about is your ability to "read charts".

If you were making ANY money on your trades or your winning percentage and winner to loser size and other actual trading ratios were good, you'd be bragging about them all day.

You give yourself away by what you DON'T talk about here.

Loser.

Cary Lloyd

Am I the only one here who sees that Roger D is a genius? He isn't right 100 percent of the time but who is? If he has acted on his predictions he is probably worth millions and, excuse me, but don't we trade to make money?

It's ok to be jealous. It's just not cool to launch into bitter ad hominem attacks because of it.

Chuck Cheese

Kids are out throwing sand again ... and yet none of you saw today coming. Where's 1101? Where's the backed up truck? Where's the V bottom? Continually wrong but WTF, let's rag on Roger. I hope I don't die laughing at this pattern of when you guys come out crying about Roger when you are the ones wrong lately.

DG

Am I the only one here who sees that Roger D is a genius?

I've known plenty of geniuses in my time. Roger D isn't even a quarter-genius. He's a dumbass parroting concepts and terminology the use of which he doesn't even have the faintest idea about. Back in February when Hank Wernicki was posting his ideas about "fractals", every Roger post claimed to have found the "fractal" proving that wave-3 was just around the corner. Nevermind that Roger's "fractals" were just random patterns he drew some squiggly lines around and never corresponded to anything Hank was doing. Even if I'm not a follower of the "fractal" methodology, I know that Hank is serious about it and seems to now what he's doing, so the fact that Roger's never aligned with Hank's says that Roger didn't know what he was doing. The other day, Roger had an E-wave chart with a 7-segment Impulse wave. I mean, the guy's a methodological train wreck.

If he has acted on his predictions he is probably worth millions and, excuse me, but don't we trade to make money?

Huh? Can you "show your work" on that calculation? How do you get from almost 8 months of non-stop drumbeat about a market crash that hasn't happened to any sort of profitable trading? I'd love to see a record of his entries and exits because he's never mentioned, even ONCE, exiting a short trade (and why would he? If you think Armageddon is right around the corner, why take the risk of missing it by covering your shorts?), but he's spoken many times of entering short trades. I can't see how he could have made $1, much less $1 million.

I really wish this blog had a "search by author" function so I could gather up all of Roger's off-base predictions. I'm sure there are the equivalent of at least 10 pages (25/page) of comments about "today is the last day to get out". Yes, we all make them, but he's head and shoulders far and away the WORST forecaster I've ever met online.

DG

Kids are out throwing sand again ... and yet none of you saw today coming. Where's 1101? Where's the backed up truck? Where's the V bottom? Continually wrong but WTF, let's rag on Roger. I hope I don't die laughing at this pattern of when you guys come out crying about Roger when you are the ones wrong lately.

Posted by: Chuck Cheese | Wednesday, July 21, 2010 at 05:03 PM

A few weeks ago, Yelnick posted the three options of big rally, big decline or big "tease", i.e. a back and forth market. I posted then that the third one was the most likely.

So, I've been right on target. Meanwhile, Roger clearly put himself in the big decline camp. How's that been working out?

Chuck Cheese

I think that would make you a bigger dick than I thought.

BTW, Congrats! I hope you traded it well and crushed it!

twitter.com/DrBubb

"Zerohedge said that a huge put order spooked the markets earlier.The rumor is they were bought at 700. One wonders if they had some info that the markets wouldn't like. Very interesting timing!!"

I used to work for the biggest options market maker, and when I see a story like this, I think: WHAT WAS THE PRICE? If it traded on the "bid" side, it might have been the case of someone pushing out the SALE of PUTS. Various people, like Buffet, has done that in the past.

Having said that, a big purchase would not surprise me, given the astrological indicators, and all those other gurus making Bearish noises for Q3. I have summarised them here: http://tinyurl.com/Crash2010

twitter.com/DrBubb

"We're in the bearish T-Square Arch Crawford talked about.
http://radio.goldseek.com/nuggets/crawford07.14.10.mp3 "

Near the end of this, Arch mentions an interview with Robert Prechter that was done by a London-based interview. That was on Frisby's Bulls and Bears, a podcast show run by my friend Dominic Frisby, called: "Robert Prechter: Dow To Triple Digits"
Link: http://commoditywatch.podbean.com/2010/02/07/robert-prechter-dow-to-triple-digits/

Posting this, makes me wonder if Duncan would be willing to do an interview with Dominic. I may be able to arrange that, if he is interested.

Mr. Panic

Bragging about predicting a flat market. Too funny. Meanwhile the pattern of lower highs and lower lows continues while markets are trading beneath every meaningful moving average.

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