Amazing coincidence? April 27th top called 50 years ago

I always have much more confidence in a position when it is pooh-poohed by a majority.
Likewise when I posted this, one week before the April 29th top, perhaps a closing price top for years to come.

April 27, 2011 top predicted Sept. 12, 1957?

I especially like this response to my post:

Nothing from 1957 is predicting any top whatsoever. Thats why TA is such a joke. People using past history, especially as far back as more than 50 years ago, to predict future results. You people make me crack up, and especially when I see you post junk like this.
You wanna make REAL money ? Go out and git yurself a REAL job.
In fact, I will bet you a thousand dollars, April 27th won't be a "top" of any kind.

NOTE: (You will not see this post in the archives. It was invisoed by administration, or never opened in the first place, for good reason.)

Where's my money? I want my $1,000!
Ok it was off a few days, but not bad for a 50+ year ago TA call. I'll settle for $500.
PS: "Past History" is the most accurate. (as opposed to "future history")

Laundry has been referring to Peter Eliades proposed April 27th A/D top call: http://ttheory.typep...cmarch.indd.pdf
Today's update: http://ttheory.typepad.com/

If it is anything like previous A/D top in '07, it may not be a price top, although a pullback would not be surprising.
(See Chart): http://ttheory.typep...maassupport.pdf

Of course some like to "Go Away in May" anyway.
Stock Trader's Almanac recommends exiting when the MACD crosses down near the end of April to early May.

"The results are astounding applying the simple MACD signals. Instead of $10,000 gaining $527,388 over the 60 recent years when invested in only the Best 6 Months (page 48), the gain nearly tripled to $1,472,790.
Impressive gains for only being invested during only 6.4 months of the year on average!"

We already got a cross down and now looks like a cross back up...or is it a back-kiss?
Maybe we'll see a fundamental shift coming with an end to free money?

April 27th: Bernanke's 1st ever Press briefing QE to continue?

Wall Street fears Bernanke's press debut...

Traders are saying the scariest moment of the second quarter will be on April 27, when Federal Reserve Chairman Ben Bernanke will hold the first ever press briefing following a monetary policy decision by the central bank.

Edited by Rogerdodger, 06 August 2011 - 06:20 AM.

In Laundry's calls, I believe that he mentioned the likelyhood of multiple tops, since his mega T had multiple bottoms.
(Sorta like an "OSAMA BEANIE COPTER TOP"^tm)
It's a good thing.
A friend had recently gone through some rough times, cancer, bankruptcy and divorce, and all she had left was her truck and her 401-K.
I was worried that if we really were putting in a long term top, she would suffer even more loss.
In late April I asked her if she could move any of her money to Money Markets or any other perceived safe place and she didn't know.
She would look at the fund brochures and it would say something like: "If you want to retire with this much money, pick this one."
And she believed it.
But for weeks, the local fund representative would not return her calls to help her.
FINALLY he set up a conference call on June 22nd and I was able to help her get the information she would need.
By then we were very oversold so I waited for a rebound.
FINALLY on July 8th her money was moved out of these 3 funds to MMs.
She used to give me the finger a lot. Now it's just hugs!

Edited by Rogerdodger, 06 August 2011 - 05:40 AM.

I picked April 30 as a first leg top of 2/8th of an Armstrong cycle from 2009 lows. Market topped next trading day. So multiple confirmations are always better than a single call. We are both happy!

I picked April 30 as a first leg top of 2/8th of an Armstrong cycle from 2009 lows.
Market topped next trading day.
So multiple confirmations are always better than a single call.
We are both happy!

Yes! I love your work.
Thanks for sharing it with us.
I wish more people were happy after this brutal week.
The dollar figure in losses for the American public make the $600,000,000,000 POMO look pathetic by comparison.

Edited by Rogerdodger, 06 August 2011 - 05:42 AM.

NYAD is sending an important signal...good luck with your trading...

analog with 1937...yes...I know it can't happen...

ANALOG WITH 1937

analog with 1937...yes...I know it can't happen...
ANALOG WITH 1937

Maybe somebody will post this:
"You people make me crack up, and especially when I see you post junk like this."
It really helps.

However, sadly, we may be wishing for 1937 before this is finished.
The riots here have already started.
They are passing out bananas in Washington for the New Banana Republic!


U.S. eats up most of debt limit in one day: $239 billion spike is the largest one-day increase in American history.

Edited by Rogerdodger, 06 August 2011 - 06:10 AM.

analog with 1937...yes...I know it can't happen...
ANALOG WITH 1937

Maybe somebody will post this:
"You people make me crack up, and especially when I see you post junk like this."
It really helps.

However, sadly, we may be wishing for 1937 before this is finished.
The riots here have already started.
They are passing out bananas in Washington for the New Banana Republic!


U.S. eats up most of debt limit in one day: $239 billion spike is the largest one-day increase in American history.

I look at Aussie market from 1875 and it seems like a low.

Since global markets are so linked thes days, I wonder.

A Low? Do you mean the Friday downgrade was being priced in last week and somebody might just buy the news Monday? I'm not ruling anything out...except market calmness and low volatility.

Edited by Rogerdodger, 06 August 2011 - 06:37 AM.

analog with 1937...yes...I know it can't happen...

ANALOG WITH 1937

Rhymin' like Simon . . .



The only thing is, I'm a little skeptical that the market and economic recovery is going to be the same as the very late '30's recovery was. Remember, by that time we were quietly gearing up for war not just for our armies but, for sale of weaponry to Britain which helped kick up "real product" sales and job creation. I don't, at this point, see anything similar on our or the world's horizon over the next few years.

Edited by milbank, 06 August 2011 - 09:20 AM.