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#1 dcengr

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Posted 28 October 2008 - 01:59 PM

As I said before, the market needs to plop to bring it back to health. All that is happening is a short squeeze. Since world governments keep interfering to extend the pain, its my duty to short the markets and help the healing process. The markets cannot go up on hope of government intervention. They think they can solve this, but they are not in control. Accepting that fact will go a long ways into the healing process. Still flat, but just about ready to short.
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#2 traderpaul

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Posted 28 October 2008 - 02:06 PM

As I said before, the market needs to plop to bring it back to health.

All that is happening is a short squeeze. Since world governments keep interfering to extend the pain, its my duty to short the markets and help the healing process.

The markets cannot go up on hope of government intervention. They think they can solve this, but they are not in control. Accepting that fact will go a long ways into the healing process.

Still flat, but just about ready to short.


So you are trading on your believe?.....i had done that before, lost tons of money.....My advise to you is listen to the market not news or guru.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#3 dcengr

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Posted 28 October 2008 - 02:07 PM

Btw, I count this as wave 2 of wave 5 down of bigger wave 5 down. The pattern should be corrective. Look for the 'c' to end on the upside.
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#4 cgnx

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Posted 28 October 2008 - 02:07 PM

No soup for you. :lol:
If it can be cornered, it will.

#5 oextrader

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Posted 28 October 2008 - 02:17 PM

Most inter day time frames suggest to me we could get a decent rally here. Rick

#6 Jnavin

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Posted 28 October 2008 - 02:18 PM

DC, the count I see changes with a close above 890 or so.

#7 dcengr

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Posted 28 October 2008 - 02:23 PM

As I said before, the market needs to plop to bring it back to health.

All that is happening is a short squeeze. Since world governments keep interfering to extend the pain, its my duty to short the markets and help the healing process.

The markets cannot go up on hope of government intervention. They think they can solve this, but they are not in control. Accepting that fact will go a long ways into the healing process.

Still flat, but just about ready to short.


So you are trading on your believe?.....i had done that before, lost tons of money.....My advise to you is listen to the market not news or guru.....


I'm still flat. I'm here to make the markets better, for mankind's benefit. The markets are asking for my help to flush out the trash so I must prepare.
Qui custodiet ipsos custodes?

#8 jjc

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Posted 28 October 2008 - 02:39 PM

Btw, I count this as wave 2 of wave 5 down of bigger wave 5 down.

The pattern should be corrective. Look for the 'c' to end on the upside.



I suggest you do your analysis of SnP priced in Yen.

#9 traderpaul

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Posted 28 October 2008 - 02:52 PM

Btw, I count this as wave 2 of wave 5 down of bigger wave 5 down.

The pattern should be corrective. Look for the 'c' to end on the upside.


Every ewave guru except Wavetimer is wrong,wrong,wrong.....They changed the lock on ewave.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#10 dcengr

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Posted 28 October 2008 - 03:00 PM

To be fair, I only use EW as a guide.. I don't really know the rules. I just label them as such. I call this the corrective move before the final plunge into sentiment lows. I'm looking for the proper signatures. Disbelief that the downside is yet to come is one. A lot of bearish EWers getting [bleeep] handed to them. Me? I'm flat. I'm a patient bear. When you're bearish you must wait for overbought to sell, not sell when its oversold. We getting there pretty quick, but still some juice left.
Qui custodiet ipsos custodes?