"notice the perfect geometry of the sp500....waves A and C...were exactly the same 135 pts....give ur take a nano tik....snort....the B wave almost a perfect fibnoci 78.6 pts......the 75% retrace off the 2000 hi of 1574 to the 2002 low of 767.50 was 1372.37.....it was tested from above in march and slightly penetrated by a tic.....todays retest at 1374.50 and subequent hi volume reversal promises that 1374 will never again be seen in our lifetimes........mark this down.......... " August 16, 2007
"1374 will never again be seen in our lifetimes"
Started by
Russ
, Aug 17 2007 09:44 AM
6 replies to this topic
#1
Russ
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Posted 17 August 2007 - 09:44 AM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
maineman
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maineman
Posted 17 August 2007 - 09:47 AM
I thought da cheif was in the hospital, so when he says "in our lifetime".....
(just kidding)
mm
#3
Russ
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Posted 17 August 2007 - 09:50 AM
I thought da cheif was in the hospital, so when he says "in our lifetime".....
(just kidding)
mm
Oh it was just a flesh wound...he's all better now...hahahah.
Edited by Russ, 17 August 2007 - 09:55 AM.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
traderpaul
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Posted 17 August 2007 - 09:56 AM
What are you gonna do if 1374 is taken out? Eat your hat? Run naked in Central Park? Donate $1000 to this site?
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#5
CNSZ
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Posted 17 August 2007 - 09:59 AM
"notice the perfect geometry of the sp500....waves A and C...were exactly the same 135 pts....give ur take a nano tik....snort....the B wave almost a perfect fibnoci 78.6 pts......the 75% retrace off the 2000 hi of 1574 to the 2002 low of 767.50 was 1372.37.....it was tested from above in march and slightly penetrated by a tic.....todays retest at 1374.50 and subequent hi volume reversal promises that 1374 will never again be seen in our lifetimes........mark this down.......... " August 16, 2007
SP500 will below 1374 by the end of Sep. I do not have a chart to prove it since I am fundamental investor and know nothing about TA, but I know even financial market can be stabilized in few month, it will still affect lending practice for years to come. Current economy is build on top of borrowing (consumer and institution), when easy money dry up, we will be in trouble. My guess is, consumer spending will drag our economy to recession, related financial data may star to show up as earlier as one or two month from now.
#6
thespookyone
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Posted 17 August 2007 - 10:00 AM
That includes the next week or so, right?
#7
maineman
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maineman
Posted 17 August 2007 - 10:05 AM
What are you gonna do if 1374 is taken out? Eat your hat? Run naked in Central Park? Donate $1000 to this site?
are you asking me or "da cheif"?
I'm already on record re: the hats. As for running naked in Central Park, did my share of that in the sixties, swimming in the boat pond and getting naked in the 72nd street fountain. I don't look too bad for an old "sixities" guy, but it might not be the same this time around.
mm
