DJIA Top in Play - stock market correction to new lows possible

Uh oh

You can say that again. But there is a wild card and it is called, "The Fed."

CORRUPTION MAXIMUS......

That could be the exact stimulus (maybe a bad adjective in this case) which sets off a major market sell-off.

Something will. It is only a guess as to what.

I think I see GREEN SHOOTS.......


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GREEN SHOOTS EVERYWHERE.....THE WORST IS OVER....WE HAVE TURNED THE CORNER.....ALL UP FROM HERE.......



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Fucking banksters

This should be PINNED

great timimg

Good call so far! The big test will be tomorrow.
Interesting.

link not working for me

It will not crash...

Went over 10,700 today FYI...

It closed 10,680

It will not crash... the shorts are desperate.

People been saying this shit since 6500 at certain levels... it could use a dip though... the dip yesterday was not that big...



but if dips anytime soon, the shorts and lunatics will be running around yelling crash crash!

It already crashed last fall through the spring.

Did you bother to look at the link

(tokyo earthquake)

Yes, exactly. "Father" is basically right on so far. In part it reads:

"...The top could be at DJ IA 10,690, but might shoot above it for a couple of hours. Then down for at least 6 months to a year. This should complete Wave 2 (circle) up. Now for Wave 3 (circle) down - "the power wave". There will be a lot of banking, real estate, government, society and corporate bankruptcy issues in this wave to come...."
[link to newsusa.myfeedportal.com]

well i actually went short the market around noon on the tza inverse russell 2000 based on a gut feeling and some bearish wedges on the sp and vix indepently of elliot theory... did expect an up day today and was expecting the turn to begin tomorrow so of course i like the article... either way it's gonna break big one way or the other over the next week or so imo which is of couse meaningless

People have been calling this pull-back since, well, May of 2009 and some earlier! But here is another article that backs up a pull-back here anytime now, regardless of the exact turn-around number:

[link to seekingalpha.com]

Two dogs sitting in a chair. The markets, even by The Fed's standards, are completely over-bought.


But, what I like about people who do Elliot Wave, is that they look at the charts and say, "It is clear, we are going to have a crash." They do not know what will cause it or exactly why, but some geo-political or financial news will come out that sets off selling like we have never seen in our life-time. Then you will know.

Every time I see some doom about the markets crashing there is a rally. So I predict a rally.

Let's see if this pans out. Jobless claims up, retails sale down. Hold onto your hats! (Intel reports tonight)

The new moon comes to pass at 2:00PM EST. That is within about 20 minutes. That will most likely be the HIGHS of the year and we crash from here.

That is what it looks like.

Woops, new moon is 2:22 am EST, which oddly enough, is 11:11PM PST - thus we will go up, likely, into the close, like said in the link. Interesting!

(moon phases can be key turning points for markets)

Then, downhill it should be.

10,710 and going up

Look for a decent to major down day today. That is what he called for and so far, it could be in play, with futures still negative, even after great results from Intel and JP Morgan.

Follow the charts, not the news. Plus, what is that old saying, "Buy the rumor, sell the news."

Interesting bit about the moon, if it really sells-off today.

Sell city, here we come.

Down she goes.

There could be an end of day rally that brings stocks into green within the last half hour or so.

Seen that movie plenty of times this past year.

Monday is a holiday for the markets, I think. That wraps an extra element of surprise around things. Could get REALLY interesting here!

Picking up steam downwards here. Time to watch out for large, mysterious trades, like happened a couple days ago:

Thread: BUSTED(?) - Stock Market Manipulation on the GRANDEST Scale!!!

DJIA, 1 month chart - support broken.