Dr. Bernanke will continue applying 70's medicine to maintain the patient in the coming year. The patient will display stabilization (stage 4) and may even feel slightly better at times. The side effects of continuing this course toxic medication kick in the follwing year (stage 5). To what degree is anyone's guess at this point. It likely depends upon how aggressively the medicine continues to be administered, especially towards the end of this year (compare the two previous patient's responses and draw your own conclusion). So far, the 200 day slope summation relapse of stage 3 more closely mimics the level seen by the first patient. And the current patient was sicker than the previous two.
Group summations of SMA slopes, 1 thru 200 days
(1ma slope + 2ma slope + ... + 200ma slope)/200 :
TOP
Not the HOY yet. But by the EOY, we'll pretty much have seen the same highs, over and over and over again. 1330 +/-10 is my guess. Won't see last year's high until next year. Flip it good.
BOTTOM OF TOP
Some more lines, of note:
The green line will become the 2011 support line. The blue line will never become support.
http://www.traders-t...?...st&p=556419
CLARIFICATION OF BROADENING TOP (JAMES QUILLIAN's THREAD)
I've read the same page as Jim, and I think he's correct. And by the time this happens, the Federal Reserve will have become the Federal Deplete.
POINT OF RECOGNITION
Dr. Bernanke will continue applying 70's medicine to maintain the patient in the coming year. The patient will display stabilization (stage 4) and may even feel slightly better at times. The side effects of continuing this course toxic medication kick in the follwing year (stage 5). To what degree is anyone's guess at this point. It likely depends upon how aggressively the medicine continues to be administered, especially towards the end of this year (compare the two previous patient's responses and draw your own conclusion). So far, the 200 day slope summation relapse of stage 3 more closely mimics the level seen by the first patient. And the current patient was sicker than the previous two.
Group summations of SMA slopes, 1 thru 200 days
(1ma slope + 2ma slope + ... + 200ma slope)/200 :
More myths from the future
Just between us bears, there's no top in
Edited by spielchekr, 17 March 2011 - 07:54 AM.
