10 replies to this topic

[Frac_Man]

[bullishnot]

Thanks Frac, your posts are the best.

[Frac_Man]

They are the best when the "clarity" shows on the fractal.

No TA here just the fractals which define and point a direction ....

Thanks Frac, your posts are the best.

[Tor]

Hank I am curious on this one as I went short earlier today basis the NY breadth I see. What is the time horizon on your fractal, ie to the est low point? thanks.

[raleigh]

Mahendra is expecting a crash too........soon.

[relax]

PPI/CPI date may provide the crash

With regards to tomorrow, well it could turn negative, but would be surprised to see the rate decision and comments causing a crash

Regards ;-)

Mahendra is expecting a crash too........soon.

[BigBadBear]

Crash up ?

[relax]

Exactly this could really go both ways

Plenty of arguments for both directions

Today we had a perfect retest of 2.550, where Nasdaq Composite has support from a trendline from 2004

On the other hand plenty of divergences out there - but is that not always the case

"Crash is coming" - "this is the top" - this has been said for quite a while

according to fractals 13.160 should have been a bit top - nobody is perfect and certainly not me

But just shows that the technicals give us a lot of information, but we need to look at the big fundamental events for direction and then after that we use the technicals

Rate decision and comments have been turning points before, but PPI and CPI dates have been even bigger turning points since may 2006

So for me it seems like a good idea to wait for these events

They will set the direction and then we can use the technicals to determine length of the direction

Crash up ?

[Frac_Man]

This one is about 2 weeks till the bottom

Hank I am curious on this one as I went short earlier today basis the NY breadth I see.

What is the time horizon on your fractal, ie to the est low point?

thanks.

[OEXCHAOS]

To paraphrase the late Nick Proffitt, In order for it to crash, it's got to stop going up, first. Just get over the "crash" talk. In this context, it's less than a crap shoot to look for such a thing. More like a 1 in 10,000 chance or less. You don't crash markets that are still in up trends and with this type of sentiment and monetary back ground. Not going to happen. Pullback? Sure, but you should be thinking about buying it not doubling down short... M