Thread: Tsunami's Account Talk

Being in, I'm also bullish, but these successive intraday inverted H&S failed attempts are testing the adhesive on my sticky pants. At least this one is on the breakout side of the $tran.

Sticky pants is still a good idea. Yesterday started strong and aound 2 o'clock started loosing steam. Today looking good so far but the lunch bunch haven't shown their hand yet and we still need to get passed the 2 o'clock and 3:30 killing zones. Fingers crossed and extra glue forth coming.

(I changed my avatar temporarily until my Cougs are eliminated from the NCAA baseball tourney)....just heard that 6 Big 12 teams may join the Pac-10, all for another buck or two I'm sure. Texas and Oklahoma in the Pac-16, don't know if I can stomach that....

Martin Armstrong thinks 17.2 months is an important cycle....the fall from October 2007 to March 2009 was 17.2 months.... http://www.martinarmstrong.org/files/The-Two-Phases-of-the-Great-Depression-5-27-2010.pdf hmmm, taking it further, a rally from March 2009 to mid-August 2010 would be 17.2 months, which happens to be the month many technicians are pointing to for "the" top. And 17.2 months four more times would come out to May 2016, when Bob Prechter (in his free April report) predicts the bear market will end. Time will tell how that works out, or not.

Per Topnotch, since 1106.7 wasn't taken out (and it was hit again overnight then reversed, completing a perfect Elliott wave ABC correction from the 5/25 low), and now in the futures 1188 has been broken, we're headed to new lows....

Go COUGS (1990 EE)!!

Coach, I'm an aging Chem E ('82)... had one EE course in old Carpenter Hall but EE confused me so much I took my second EE course during the summer at the Richland campus where it would be easier.

Buckle up folks, per the bearish wedge pattern discussed by Ryan Puplava last night, it's just been broken to the downside. Below 1040ish triggers a head and shoulders pattern as well, and the target for that will be 875.

http://www.financialsense.com/Market...2010/0603.html

"If I’m wrong and we fail to break above the 200 DMA, then buckle up because the chain lift (rally) over the past week and a half just reset this roller coaster for another decline."

Also notice that even with the dollar soaring today gold is doing it's job in perserving wealth.

And now for something completely different....

http://wiki.nasa.gov/cm/blog/whatone...422073165.html

I'm really getting tired of the parade of "experts" on the tube that say a "double-dip" recession is not in the cards, and a depression is impossible.

Here's some more evidence that it's coming later this year....
http://www.[[financialsense.com/fsu/...2010/0607.html

The next rally could arrive by Wednesday if this pattern is right...
http://1.bp.blogspot.com/_TwUS3GyHKs...1600/spx60.png

Originally Posted by Tsunami

I'm really getting tired of the parade of "experts" on the tube that say a "double-dip" recession is not in the cards, and a depression is impossible.

Here's some more evidence that it's coming later this year....
http://www.[[financialsense.com/fsu/...2010/0607.html

The next rally could arrive by Wednesday if this pattern is right...
http://1.bp.blogspot.com/_TwUS3GyHKs...1600/spx60.png

Let's hope so, my fingers are tapping the ripcord ... capitulation is whispering.

http://www.blacklistednews.com/news-9060-0-13-13--.html

A bottom on about June 30th? (see June 7th pdf)
http://www.thedanielcode.com/display.php?nav=archives

http://www.daytondailynews.com/news/...ce=patrick.net