Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (201659)	2/5/2013 9:54:10 PM
From: POKERSAM	2 Recommendations Read Replies (2) \| Respond to of 209892

I do not know about John but I certainly DO NOT. You said, "so i assume you don't think that the epicenter of primary wave 3 up is underway" Tell me --How do you explain the declining volume over the rally from 666. In an "epicenter of primary wave 3" you would expect to see a marked increase in volume as the market powered higher in a recognition wave. It is just not happening. Volume has drifted lower as this wave (b) up advanced to its conclusion and it is now dismal. We should be seeing volume higher at the epicenter of wave 3. It is just not there. I do not understand your reluctance to see the overwhelming bullishness rampant today. You point to individuals who are bearish, and they exist, but the herd is in extreme bullishness. The cnn fear greed index topped at 94 last week. That index is not tied to anyone answering a poll or anything anyone says. It is the result of what is actually happening in the 7 best sentiment indicators from actual market action. The only reason I can see that you would reject the obvious bullishness is that it does not support your bias. "Conformation bias" is a strong force and can blind one to the truth. Google it. I would love to see some TA or Ewave to support your bullishness. What Ewave you have shown me before is very suspect. By disagreeing with you I mean no disrespect for your age or accomplishments. I just think you are making the same mistake that you made at the top in 2000 and again at the top in 2007. On both of those occasions you had the same epicenter of a wave 3 prediction that you have now. To err is human. No one would fault you personally for being wrong, we have all been wrong on occasion. I was even wrong once. That was a joke, I was just kidding. heh heh Good Luck FYI - If by some miracle it should turn out that I am wrong and you are right, I will congratulate you and fess up.

To: da_cheif™ who wrote (201659)	2/5/2013 9:57:38 PM
From: John Pitera	Read Replies (1) \| Respond to of 209892

a meltdown or hyperinflation of the the USD, JPY, EUR, etc is becomiing increasingly impossible to avert over the next several years .......and so when we look at it from that perspective...... the inflation of stock prices will be epic..... so maybe we are looking at the same elephant and describing different parts. I feel pretty strong that we will see the markets pull the same thing as 2008 where crude went parabolic up to 148$ by July 2nd 2008 only to collapse along with all assets in price crude bottomed at 33 or so on Dec 21st of 2008.... and of course stocks collapsed too. so even though we have infinite quantitative easing and trillions of currency units being created globally, the markets like to gyrate.... as JP Morgan when asked about stock prices... his masterful answer was *"prices shall fluctuate"* I do think that the US has the opportunity with our technology to become a major exporter of energy over the next 7 years.... if the government does not get in the way...... That's the major saving grace that may sustain the country. great show on PBS tonight on the history of the William Shockley, the creation of the Solid-state transistor the intergrated circuit, the microchip, the rise of Fairchild Semiconductor.... and the rise of "the Machines" Fairchild spun off over 100 companies in the early 60's..... wow John