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Strategies & Market Trends : Classic TA Workplace

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To: da_cheif™ who wrote (201694)	2/7/2013 6:29:27 AM
From: POKERSAM	5 Recommendations Read Replies (3) of 209892

WOW cheif. Another bit of your excellent technical analysis. I am amazed at your depth of understanding and the scope of your insight. Certainly we all need to follow your example and ask ourselves each time we post, "Would da cheif post this?" You are a visionary and guru of the highest order. LOL In all reality your best days are behind you. I don't know if you were ever anything but I know you are rather sad now. One of those oddities that people tolerate for the intertainment value only. Oh yes, we will go below 666 before we launch to the numbers you predict. You will be shown to be wrong once again, just as you were at the peak in 2000 and the peak in 2007. At the peak in 2000 you claimed to be a "lunatic bull" and the peak in 2007 you were looking for the "epicenter of 3" just as you are now. I know you are thinking, "I surely can't be wrong again, certainly the third time is the charm." Sorry, you have missed it again. Your Kool Aid drinking followers need to wake up and smell the coffee. It is easy being a Bull when the market trend is up. The hard thing is to call the turn. I am IT and LT bearish. That is the hard thing to do when the trend in all time frames is up. You are a simple trend follower with a perma bull bias. Anyone can do that. Over the last 12 years a perma bull has been right twice. That is how many times you have been right. You have been wrong twice and are about to be wrong for the third time. If you survive the next leg down you will have the opportunity to be right again. LOL When the blind lead the blind they both fall in the ditch. Here is an excellent common sense article you should read with an open mind.. financialsense.com Some things to think about:. Overbought Summation Index Negative divergence of the daily RSI and TSI Negative divergence of the McClellan Oscillator Negative divergence of the NYSE 10d Adv-Dec Volume Decline in volume for last four years reaching dismal levels at present. Corrective Ewave nature of the last four year rally. VIX is not confirming the new equity highs Bullish sentiment has reached extremes. Fear Greed Index topped at 94 last week. Initial cracks of the uptrend are appearing in Europe (Not only IBEX and MIBTEL but also the EUROXX 50 and the DAX) The list seems almost endless.

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