Jonflyfish wrote:neilgin1 wrote:Jonflyfish wrote:For the week the DJIA is Up approx 300 points thus far. Is there a stop or reverse level for this call?
Cheers!
yeh, first stop 6500 Dow, and then 1300 Dow.....gravity bud.
I don't follow. My comments were in reference to the thread topic. You must be prognosticating about something different.
Cheers!
gravity...in 1929, Dow Jones, 381, June of 1932, Dow Jones, 41.........2012, we seem to have a 13000 ceiling, a 90% markdown, 1300....the DJIA.
Now i read what you write, you eschew fundamentals, and extol technical analysis, which is good, its your way. i've noticed this in the human condition, people tend to fence in, various orthodoxies of thought, humor me, and let me give you an example from, say, Christianity, there's a tension, a fenceline, between what some call, "salvation Gospel" and "social Gospel", the first is concern with a soul "getting saved", the second is concerned with the fate of the poor, widows, orphans, the hungry. Great tension between the two, making them into two seperate ghettos of theo-thought, when in essence, its just the Gospel, one cant exist without the other.
Tech analysis says that we cannot possibly collalate all the fundamental analysis and charts/other tech indicators show the invisible footprint of the various markets, which is valid, but i know one can paint the tape, so its helpful to know the fundamentals of what passes off as dynamic capitalism, or mercantilism these days.
That Sunday night, i felt, intuitively, we might be in for a rough week, i was wrong. my 'ego' is not so fragile, or involved that i cant say those liberating words, "i was wrong". Doesnt bother me, in fact, in the context presented, i'm GLAD to be wrong, but there's too much duct tape, bailing wires and bayonets holding this thing together.
Too much harm has been done to the trust issue of the markets, i speak now of equities,. ETF's, etc...paper, same with the FRN's, or other various fiat currencies. For certain, on 10 Jun 2012, at 1130 GMT, they reign, and if you trade and accumulate FRN's various markets, good on ya, but sooner rather than later, we're going to hit a wall; and that is , the calories cant support the investments....its just like gravity. These guys can juggle balls all they want, but one day, they're going to miss a ball, and then another and so on.
Its why i prefer stacking as foundational, the bottom of a pyramid, as far as the layers up of that, this isnt the venue.
For all you know, i could be some whacked out centillionaire whiling a few ill spent hours away. If i was, i wouldnt be going anywhere near paper investments stored on a hard drive. no. Grain elevators, river barges, acres of planted grain, fresh water sources, phosphate veins, acres of hardwood and soft, meat, dairy, tank farms of stored natgas, the glut of fracking...you name it, the basics.
the big money, value, in the coming days will be in the basics.....especially clean drinking water, thats number one.
now forgive me if i seem to ....meander in my musings, its just my way. But i do hope you are successful in your endeavors, and no, i cant conclude with a "Cheers" to you, that's reserved for my mates in the UK, and as far as i know, you arent a subject of the Queen, may she live long, neil
Posted: Sun Jun 03, 2012 10:45 pm
I had to think about it myself.