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To: da_cheif™ who wrote (78954)1/22/2013 2:21:15 PM
From: CrashDavis
   of 113194
 
turn this chart upside down.

Are you saying that when we blow through the top band we will accelerate on the upside, like in late 2008 on the downside?

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From: rdkflorida21/22/2013 2:26:50 PM
   of 113194
 
PermaBear "doomster" Guy is throwing in the towel. "We are not going down!" Ooooops! Only been wrong for about 4 years. LOL!. Get well Cheif! RDK

permabeardoomster.blogspot.pt

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To: CrashDavis who wrote (78955)1/22/2013 2:30:22 PM
From: da_cheif™
   of 113194
 
looks likely to me.... bwtfdik eh? snort

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To: rdkflorida2 who wrote (78956)1/22/2013 2:31:28 PM
From: da_cheif™
   of 113194
 
thats why its called the recognition wave.....:>)

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To: da_cheif™ who wrote (78958)1/22/2013 2:40:39 PM
From: robert b furman
   of 113194
 
Hi chief,

A recognition wave usually is very long and controlled or walks along the upper BB or keltner.

Then the 4 is ugly and fast - isn't the 5th the one that goes parabolic up over the upper BB or keltner wave.

Just recalling and not sure.

Bob

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To: robert b furman who wrote (78959)1/22/2013 4:14:35 PM
From: da_cheif™
   of 113194
 
bobby bobby bobby.......wattam i gonna do withchu........snort........you havent seen a recognition wave yet.....just a taste........recognition wave is a meltup.......many thousands of points in a few days.....

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To: da_cheif™ who wrote (78960)1/22/2013 4:28:25 PM
From: robert b furman
   of 113194
 
I keep thinking back to 98-2000.

Always thought of that as a 5 wave.

It went so far above the BB's after a pretty vicious 4 wave in most of 98 - til October if I recall.

Today's resilience shows the power of money flowing - any dip met with anxious buyers.

That being said we are getting close to that upper K channel - if we get a dip I'm thinking there will be a lot of money waiting at the midpoint again.

Let's hope around there the shorts get mouthy again as they reload eh?

Bob

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To: robert b furman who wrote (78961)1/22/2013 5:04:30 PM
From: Turtles_win
   of 113194
 
I'm butting in like usual. Oh well, ....

Wilshire 4500 hit a new all time high today. This index is the largest 4500 out of 5000.
So it excludes the biggest 500, or the SP500. So, midcap to smallcap. New ATH.

FB, RIMM, IBM popping. Some speculative juices starting to flow. Starting to flow.
Well, I'm long and have been for a little while. Probably will stay overbought for a while.
But, have to keep an eye on the II sentiment survey. 52% bulls. Tomorrow's update...??
If I recall, in 1987, we went to somewhere between 65% and 70% bulls, but
that is an extreme. Be really, really good to see no movement tomorrow. Stay around 52%,
maybe just up to 53%. Hopefully.

If you or anyone wants to make some money easily, just keep buying FB calls on weakness
and selling them on strength. Over and over. Of course, I don't eat my own cooking.
I like to figure the stuff out. Making the money is not the fun part. I like for other people
to make money. Makes them happy. Anyway, FB. Just buy calls on FB weakness and
sell on FB strength. For the next 10 years. See what you end up with.

Rydex Nova/Ursa is not popping. That says to me we have a nice market pop that has NOT
yet begun. ONce that happens, might be time for some correcting. I figure
basically up until may sometime, then a summer correction of some size.

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To: Turtles_win who wrote (78962)1/22/2013 5:27:53 PM
From: da_cheif™
   of 113194
 
pop????.......8000 pts in 4 years is no "pop".......and wats coming isnt gonna be called a freekin POP

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To: robert b furman who wrote (78961)1/22/2013 5:28:30 PM
From: da_cheif™
   of 113194
 
BOBO keltner stuff EH???? Message 28679847

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