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Woody Dorsey June 18-23 top: "Summer Bummer"


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#1 Rogerdodger

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Posted 20 June 2010 - 12:11 PM

Just to summarize Laundry's weekend update @ http://ttheory.typepad.com/

The S&P pulled up to Terry's envelope's mid channel where he thinks it will turn back down.
His oscillator topped at an extreme and he expectes it to reset to zero before any further rally attempt.
Download SRTvo20100618pdf

Terry refers to Woody Dorsey who is predicting a June 18-23 top followed by a "Summer Bummer."

Terry thinks stocks are now a waste of time and:
"If you are not in the gold market you are not where the action will be."

Terry's Gold T projects to 2020! :o

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Edited by Rogerdodger, 20 June 2010 - 12:36 PM.


#2 IYB

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Posted 20 June 2010 - 12:41 PM

Just to summarize Laundry's weekend update @ http://ttheory.typepad.com/

The S&P pulled up to Terry's envelope's mid channel where he thinks it will turn back down.
His oscillator topped at an extreme and he expectes it to reset to zero before any further rally attempt.
Download SRTvo20100618pdf

Terry refers to Woody Dorsey who is predicting a June 18-23 top followed by a "Summer Bummer."

Terry thinks stocks are now a waste of time and:
"If you are not in the gold market you are not where the action will be."

Terry's Gold T projects to 2020! :o

I predict that he'll get more bullish after a pullback this week and a resumption of the rally past this week's highs. Eventually he'll return to his "August 20 Bull market high" prediction from earlier, if I read him right. ;) Just my ho.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#3 IYB

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Posted 20 June 2010 - 12:41 PM

dupe: DK why my posts keep doin' that. :huh:

Edited by IYB, 20 June 2010 - 12:48 PM.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#4 Islander

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Posted 20 June 2010 - 01:09 PM

Probable traceable declines both equities and gold are showing too. His calls were more sophisticated than reported here. Islander

#5 Rogerdodger

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Posted 20 June 2010 - 01:37 PM

Don, I always filter Terry's charts from his sentiment. Even he says we will have to watch what the market does when it pulls back the the ZERO line on his oscillator. He thinks it will be a weak rally attempt. IMHO only time will tell that. We have that downtrend line which was broken. Will it be back kissed before more rally? Will it fail? Will we go straight to the moon Monday and never look back? NONE of us KNOW for sure, but most of us have opinions, (most likely based on traumatic childhood experiences). LOL! Did we have a bad experience with a bull or bear? Was our dad full of bull or was our mother a real bear, Dr. Freud? ;)

Edited by Rogerdodger, 20 June 2010 - 01:42 PM.


#6 IYB

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Posted 20 June 2010 - 02:09 PM

Don, I always filter Terry's charts from his sentiment.
Even he says we will have to watch what the market does when it pulls back the the ZERO line on his oscillator.
He thinks it will be a weak rally attempt.
IMHO only time will tell that.
We have that downtrend line which was broken.
Will it be back kissed before more rally?
Will it fail?
Will we go straight to the moon Monday and never look back?
NONE of us KNOW for sure, but most of us have opinions, (most likely based on traumatic childhood experiences). LOL!

Did we have a bad experience with a bull or bear?

Was our dad full of bull or was our mother a real bear, Dr. Freud? ;)

Exactly. He has his filters based on his life experiences, and we have ours...not only in how we 'see' the market, but in how we 'see' the market guru. ;) I think it was The Pointed Man in Harry Nilsson's "The Point" who pointed out that "You hear what you wanna hear; you see what you wanna see" and that was his point. :lol:

On this Father's Day I remember listening to that musical play over and over and over again with my son in 70's/80's. I hope he got the point. I think he did....... :yes:
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#7 Rogerdodger

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Posted 20 June 2010 - 02:27 PM

I remember listening to that musical play over and over and over again with my son


So you are admitting to child abuse? :lol: :P


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#8 maineman

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Posted 20 June 2010 - 03:07 PM

Been reading Terry for more than a decade now. If you are intraday scalping and reading Terry you might get in trouble if you aren't doing your own due diligence. That said, the man must have a head as big a Neptune, so it would be a mistake to bet against his bigger picture with one's own bigger picture conclusions. My "summation" indicator analysis keeps me on the right side of intermediate trades EVERY TIME and, for the most part, comes close to Terry's shorter term assumptions. Back at the beginning of 2009 my indicator suggested a bit more to the upside and Terry was EMPHATIC that the late December rally was done effective immediately. Wisely, I put my hunt for a few more bullish points aside and took what I thought was going to be a premature bearish position. He nailed it to the day and top exactly. On the other hand, I stayed long a through this last rally (before the recent down plunge) in spite of Terry saying he thought the decline was imminent. My indicators just seemed too strong. I was right this time. In generaly, he's right. In fact, he's nearly always right. You just have to rememeber he is NOT a day trader. mm
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#9 Rogerdodger

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Posted 20 June 2010 - 04:38 PM

Bingo!
He's a bit like having an experienced fishing guide.
Your odds improve but you still may not cach a big one.

Been reading Terry for more than a decade now. If you are intraday scalping and reading Terry you might get in trouble if you aren't doing your own due diligence. That said, the man must have a head as big a Neptune, so it would be a mistake to bet against his bigger picture with one's own bigger picture conclusions. My "summation" indicator analysis keeps me on the right side of intermediate trades EVERY TIME and, for the most part, comes close to Terry's shorter term assumptions. Back at the beginning of 2009 my indicator suggested a bit more to the upside and Terry was EMPHATIC that the late December rally was done effective immediately. Wisely, I put my hunt for a few more bullish points aside and took what I thought was going to be a premature bearish position. He nailed it to the day and top exactly. On the other hand, I stayed long a through this last rally (before the recent down plunge) in spite of Terry saying he thought the decline was imminent. My indicators just seemed too strong. I was right this time. In generaly, he's right. In fact, he's nearly always right. You just have to rememeber he is NOT a day trader.

mm



#10 NAV

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Posted 21 June 2010 - 01:13 AM

NONE of us KNOW for sure, but most of us have opinions, (most likely based on traumatic childhood experiences). LOL!

:lol:

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