Hmmm. It looks like Bradley was a top

Man this was ugly.

What would drive IYB Don nuts is if the "important" Bradley turn dates at the end of July are also an "important" market top.

If you give the 3 day window a 3 day window, IT WAS EXACT! AGAIN!
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=3&g=0&i=p41261564129&r=6437.png

It's all good for stock and corporate bond. Corporation holds congress hostage by refusing to hire. Every good crisis allows more paid workers with pension to be fired and replaced with slaves. One last problem the corporation has is all the revenue that goes to ederly and unemployed, a good crisis while congress is out leaves 5 weeks for the legislation to be prepared. They already have it all lined up through patriot act / IRS just need to put grandma in the street and withdrawal medical services to kill them off quicker, and the corporation has everything they deserve. I quarantee the legislation is written and just needing a good crisis and send congress on a little much needed vacation to reflect upon how to buckle to their masters. Next week is bouncy because it's all good for stock but by failing to close above 1235 next week the best low occurs in 3-4 week, it looks like QE2 pivot 1088 Fibanocci.

It's all good for stock and corporate bond.
Corporation holds congress hostage by refusing to hire.
Every good crisis allows more paid workers with pension to be fired and replaced with
slaves. One last problem the corporation has is all the revenue that goes to ederly
and unemployed, a good crisis while congress is out leaves 5 weeks for the legislation
to be prepared.

They already have it all lined up through patriot act / IRS just need to put grandma
in the street and withdrawal medical services to kill them off quicker, and the corporation has everything
they deserve.
I quarantee the legislation is written and just needing a good crisis and send congress on a little much needed
vacation to reflect upon how to buckle to their masters.
Next week is bouncy because it's all good for stock but by failing to close above 1235 next week the best low
occurs in 3-4 week, it looks like QE2 pivot 1088 Fibanocci.

Interesting viewpoint about congress... I believe a few banks and brokerage are pulling the strings of congress by manipulating the market to create fear to get congress to enact what they want.... I believe most corporations would love to hire if the government set up a strategic plan... The problem as I see it is that with more economic certainity there would be more hiring... This is just my opinion...

People who are in business and actually hire people seem to have a different opinion from those who have never made a payroll. Just my opinion.

I know for sure when I made my last job change the parking lot was empty and filled during summer 2010. I watched the people, mostly late 20's early 30's working mother types. Wonder what they got payed vs the gray hairs that previously occupied that parking lot, I know the new ones get no pension and they don't get paid enough to buy their own pension. There is your corporate profits, how many layer of gray hairs are there, many diminishing returns since the initial cost cutting surge. We'll see in the mass layoffs and 20% unemployment coming. I will say it makes no sense to try to get back to work, the IRS will destroy you for working, just take the unemployment as long as that lasts and prepare to get out of the country.

It's all good for stock and corporate bond.
Corporation holds congress hostage by refusing to hire.
Every good crisis allows more paid workers with pension to be fired and replaced with
slaves. One last problem the corporation has is all the revenue that goes to ederly
and unemployed, a good crisis while congress is out leaves 5 weeks for the legislation
to be prepared.

They already have it all lined up through patriot act / IRS just need to put grandma
in the street and withdrawal medical services to kill them off quicker, and the corporation has everything
they deserve.
I quarantee the legislation is written and just needing a good crisis and send congress on a little much needed
vacation to reflect upon how to buckle to their masters.
Next week is bouncy because it's all good for stock but by failing to close above 1235 next week the best low
occurs in 3-4 week, it looks like QE2 pivot 1088 Fibanocci.

Interesting viewpoint about congress... I believe a few banks and brokerage are pulling the strings of congress by manipulating the market to create fear to get congress to enact what they want.... I believe most corporations would love to hire if the government set up a strategic plan... The problem as I see it is that with more economic certainity there would be more hiring... This is just my opinion...

Agreed. The pundits and the politicians talk about "creating jobs" and corps "sitting on cash because of political uncertainty" but people actually running businesses aren't following that line of reasoning at all.

AT&T has a new commercial on TV right now showing what they are currently developing....smarter phones with social apps built right in so you can walk down the street, point your smartphone in camera mode at a row of buildings and then see a message from your friends pop up over a particular restaurant saying "Here we are!"

They also show a bunch operator-less robotic forklifts roaming a warehouse busily moving cargo around with no humans -- no jobs -- in sight. No doubt that's the warehouse of the future, and China is building thousands of them.

Technology marches on......there is no future is being a forklift operator.

Edited by Mike McCarthy, 06 August 2011 - 11:46 AM.

What would drive IYB Don nuts is if the "important" Bradley turn dates at the end of July are also an "important" market top.

You Bradley guys are always lots of fun, but I'm still waiting for someone, anyone, to post a trade here in real time based on a Bradley call. At "the end of July" the SPX had dropped 53 points over the preceding week, DJ -580 points, so it's hard for me to see how you call that a "market top". If anything, from the "rules" I've gotten Bradley folks to lay out here, you would have had to call July 29 a "bottom" when you were operating in real time, because the trend into that time was sharply down, so a "turn date" implied that it would "turn up". Last time I looked up "turn" that's how Webster 'splained it anyhow.

Bradley is an amusing excercize, in my humble opinion, in going back after the fact and curve fitting an interpretation. I got very good at that with Studley as you may recall. One thing that I realized when I did the Studley stuff, btw, was that any day of the century contains reversals on key stocks or indices, so that when you asign meaning *after the fact*, you can find all kinds of "perfect fits".

Of course I realize that you called {or mused about because you likely allowed for the possabilty that it could actually be a bottom, or even a "miss"} an "important market top" before the fact when you originally posed that comment, RD, but the fact remains that the end of July just flat wasn't a top, since markets dropped 580 points in the last five days of July before that date....and again, the interpretive rules would have called, then, for that to be a bottom, not a top.

Now mind you - I am not suggesting that July 29 was not a GREAT time to short...In fact I got an SSSS and shorted Aug 2, and have spectacular profits as a result.... an open position of over 70 points on the ES's. I'm just saying that Bradley - in real time - flat out didn't tell anyone to go short there. If it had, all anyone would have had to do then - in real time on July 29 - was post here something like.... "I'm SHORTING here based on Bradley." Period. I've been asking for that for about 8 years now.

All that being said -- you are still my favorite poster here, RD. In fact YOU have been very right on these markets. But Dr. Bradley didn't call nuttin - 'cept after the fact, using the usual data fitting. Okay, there's my rant. Just spouting off. Very best regards, D

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=7&dy=0&i=p23824210672&a=181755090&r=866.png

Edited by IYB, 06 August 2011 - 02:54 PM.

What would drive IYB Don nuts is if the "important" Bradley turn dates at the end of July are also an "important" market top.

You Bradley guys are always lots of fun, but I'm still waiting for someone, anyone, to post a trade here in real time based on a Bradley call. At "the end of July" the SPX had dropped 53 points over the preceding week, DJ -580 points, so it's hard for me to see how you call that a "market top". If anything, from the "rules" I've gotten Bradley folks to lay out here, you would have had to call July 29 a "bottom" when you were operating in real time, because the trend into that time was sharply down, so a "turn date" implied that it would "turn up". Last time I looked up "turn" that's how Webster 'splained it anyhow.

Bradley is an amusing excercize, in my humble opinion, in going back after the fact and curve fitting an interpretation. I got very good at that with Studley as you may recall. One thing that I realized when I did the Studley stuff, btw, was that any day of the century contains reversals on key stocks or indices, so that when you asign meaning *after the fact*, you can find all kinds of "perfect fits".

Of course I realize that you called {or mused about because you likely allowed for the possabilty that it could actually be a bottom, or even a "miss"} an "important market top" before the fact when you originally posed that comment, RD, but the fact remains that the end of July just flat wasn't a top, since markets dropped 580 points in the last five days of July before that date....and again, the interpretive rules would have called, then, for that to be a bottom, not a top.

Now mind you - I am not suggesting that July 29 was not a GREAT time to short...In fact I got an SSSS and shorted Aug 2, and have spectacular profits as a result.... an open position of over 70 points on the ES's. I'm just saying that Bradley - in real time - flat out didn't tell anyone to go short there. If it had, all anyone would have had to do then - in real time on July 29 - was post here something like.... "I'm SHORTING here based on Bradley." Period. I've been asking for that for about 8 years now.

All that being said -- you are still my favorite poster here, RD. In fact YOU have been very right on these markets. But Dr. Bradley didn't call nuttin - 'cept after the fact, using the usual data fitting. Okay, there's my rant. Just spouting off. Very best regards, D

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=7&dy=0&i=p23824210672&a=181755090&r=866.png

Don, agree with bradley...great trading also....do you have any thoughts currently? i take it still holding short...any targets? tks mate

Don, agree with bradley...great trading also....do you have any thoughts currently? i take it still holding short...any targets? tks mate

Thanks VM Zman. I decided to devote this entire weekend to a marathon study because we are, I believe, on the cusp of a "context change" from primary Bull Market to Primary Bear market, and I absolutely want to get this right - either way. I plan to put up an extensive post here on the Primary Trend and other related trend and trading thoughts tomorrow. Best Regards, Don

Don, agree with bradley...great trading also....do you have any thoughts currently? i take it still holding short...any targets? tks mate

Thanks VM Zman. I decided to devote this entire weekend to a marathon study because we are, I believe, on the cusp of a "context change" from primary Bull Market to Primary Bear market, and I absolutely want to get this right - either way. I plan to put up an extensive post here on the Primary Trend and other related trend and trading thoughts tomorrow. Best Regards, Don

PS.... Here's a target I'd posted in late July and again in early August:

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=0&dy=0&i=p86245322513&a=228018391&r=683.png

Edited by IYB, 06 August 2011 - 03:31 PM.