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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Earlie who wrote (32399)4/11/1999 12:42:00 AM
From: Lucretius  Read Replies (1) of 86076
 
Fun w/ Entrails.... ( I neglected to post this on Fri)

RECIPE FOR A CRASH!

First.. observe our tech leader has broken below support and is now in official crash status.... (note it broke in Jan when the A/D line topped out.. )

207.95.154.130

Our large cap leading indicator continues on CRASH status....

207.95.154.130

watch where she stops to extrapolate where the broader mkt will stop its bomb... my guess is around a P/E of 15 so MO should go to around 10.

Note how G crashed from the peak.. I expect us to see something similar in the indexes, but the boucne after that G got a 50 should only be an intr-day bounce compared w/ G's 2-day bouncer in its crash (things will acclerate as the panic starts.. moves should be compressed in time). 60 in G corresponds w/ DOW 9200 in my scenario for reference purposes and is where i expect the first bounce on Tues. G as well as other stocks imploding show us how weak the hands are that currenctly own stocks at these heights:

207.95.154.130

NOW..... observe the following

decisionpoint.com

note the up-angled head and shoulder patterns.... the important thing to remember here is that these charts when viewed in most foreign currencies (particularly yen) have not hit new highs and are puting in 2ndary tops much like the TRAN and RUT are. The next move down is a crash move... but we should expect a stong bounce at around 9200 that lasts one or two days then we should just meltdown... I'm still looking for a lock-limit (gap over 7000) 3000 point decline on 4/19.

note how everything fits in nicely... A/D line prep'd to crash... no support till 1995 levels (during a crash the indexes fall to catch-up w/ the A/D line):

decisionpoint.com

(note how the A/D line has hovered under the neckline of the 2 yr Head and Shoulders patternt hat projects to my 1995 levels.... this is our classic goodbye kiss.. the indexes shoul;d only take a day to perform this task.. (that is my bounce from 9200)

RUT prep'd to crash....

207.95.154.130

KO prep'd to crash..... (this one follows the yen almost exactly and leads a little.. thus confirming our coming crash in the dollar (a crash in the dollar is guaranteed in a stock mkt meltdown)

207.95.154.130

bonds look to follow stocks... 7% is our crash target although you could see a flight trash moron bid early in the week as clowns don't get it yet that bonds are no longer a flight to quality after all of Al's printing:

decisionpoint.com

UTIL confirms (a close below 288 and things should be getting absolutley silly in the broader mkt)

207.95.154.130

Now with stocks, bonds, and hence the dollar crashing... what's the only flight to quality-- ie- the only thing going up??? mmm? GOT GOLD?

it is no coincidence that the Traders'Comms released on fri are an all-time bullish record and ensure that gold will be rising (they look awful for the dollar BTW)... thus it will attract most of the clowns that play the mkts these days.. ie- they chase anything going up. This will of course blow the gold caryy trade to pieces and cause the short covering rally of the century (let's hope -g-)

All of these events colliding in a week before expiration... I do so love it when a plan comes together -g-

decisionpoint.com

we should see a move to $340 or $350 spot.

1987 track still holds.. note all the energy we have been building up.. coiling like a spring for several months now....

decisionpoint.com

a move thru the zero line should coincide w/ the crash move.

this POS looks so awful it makes me ill:

decisionpoint.com

bombs away.. note the H&S pattern that has formed on the CBOE ratio, those levels at the top haven't been seen since.. (you guessed it) 1987. The OEX ratio should bounce as we begin falling as it often moves counter trend early in the move, and end up mirroring what the CBOE has done.. ie- top.. fall and BIG bounce.

decisionpoint.com

so there we have it... everything is poised on the edge of the abyss... CPQ has provided the soft breeze that was necessary to blow this house of cards down.. next comes meltdown land!!! so strap in! -g-

If I am right... expect a headline sometime midweek of : "analysts say big volume may be a sign of a bottom" ho ho

I'm going to go out on a limb and guess that we close the week out at 8000 and lose 3000 to 4000 on Mon and Tues of the next week in a panic meltdown..... (of course this is the best case scenario... we could also bounce around up at 9000 and crash in a month or so.. all depends on how fast people panic, IMO) Although, once we get a close below 8000 we should implode to 4000... only a total meltdown will end this sucker. If we don't gap over 7000, it ain't gonna crash, and somebody has found a way to get out of some derivative K's w/ the help of Easy Al (i don't see how they can do this cause printing won't solve the problem... but who knows, maybe the Japanese will forego their rights in return for protection form N. Korea or some wierd garbage like that?)

of course if I'm wrong.. I'll just push it to the right, as Mythie says -vbg-
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