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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday 11 July 2013

chart by Max Cherry


Posted by at

14 comments:

  1. Anonymous11 July 2013 at 16:13

    Today is a party of the delusional, coolaid-drinking bag-holders. Meanwhile NUGT is breaking out in a W3 up. The current unsustainable misallocation of capital will spectacularly unwind. Stops on manual everyone.

    ReplyDelete
  2. Anonymous11 July 2013 at 16:34

    Blow-off top of W5 in the works. End not far. Bonds will fall in price for a generation. http://scharts.co/O8AJxr Lemmings impact tunnel painted on mountain.

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  3. Anonymous11 July 2013 at 16:45

    Would not be surprised to see a $100+ pop higher in Gold, any day now. http://www.pmbull.com/gold-price/

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  4. Anonymous11 July 2013 at 16:51

    "We were kind enough to remind Mr. Kudlow that the last time someone from CNBC "invited" us over, i.e., Dennis "Digital Dickweed" Kneale, their show was promptly cancelled. To wit: "While we appreciate the offer, the last thing we intend to do is suffer Mr. Kudlow the same fate as that experienced by his predecessor Dennis Kneale who also invited Zero Hedge on his laughable excuse for a show in 2009, only to be sacked a few months later." Make it two for two as irony strikes again. The NY Post reports that Kudlow's show is over." Bwahahaaaaaaaaahaa!! And TG !!!

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  5. Anonymous11 July 2013 at 17:28

    CR,

    I'm expecting more from you!!!!!
    this guy is a moron!
    According to elliot waves theory how can you have corrective a-b-c's from 1687 and also from 1560 ???????????????
    this Max Cherry is crazy!

    Aunt Annie (87-years old trader)

    ReplyDelete
  6. Chartrambler11 July 2013 at 17:39

    IM no waver but maybe his blue AB should be labelled WX (with Y to follow)
    Some wavers are saying the market is just trading 3s (a function of Ben's liquidity not allowing any 5s to develop on the downside ?)
    I have seen Max's charts over a period of time and would have to disagree on the "moron" tag.He is esp good on seasonality

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  7. Anonymous11 July 2013 at 17:55

    Dave Morgan Ag chat http://www.youtube.com/watch?v=6aqlE13RlyM

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  8. Anonymous11 July 2013 at 19:10

    I understand CR, maybe too much coffee and some bad language as per my side... but one more time: we can't have corrective trends both up and down in a consecutive manner.

    I don't know what that boy has drew there on the chart ...

    Aunt Annie

    ReplyDelete
    Replies
    1. Chartrambler11 July 2013 at 19:29

      Binve used to just draw WXY's ,no numbers at all :-)

      Delete
    2. Chartrambler11 July 2013 at 23:25

      you sure it wasnt sherry Aunt Annie ?

      Delete
  9. Trading Sunset11 July 2013 at 19:19

    All I know, it sure ain't trending lower.
    --

    QE continues...pointless to short this nonsense for some weeks..if not months.

    ReplyDelete
    Replies
    1. Chartrambler11 July 2013 at 19:28

      why would anyone short US rather than Europe ? The deck is stacked against you. I like IEV chart/bust wedge

      Delete
  10. Anonymous11 July 2013 at 19:44

    Hate to break this to you guys, but we are already trading WELL ABOVE the C=A that Max Cherry had at 1670. We are at 1673.60 with an hour and fifteen minutes left I the NY trading session.

    ReplyDelete
  11. Anonymous11 July 2013 at 20:19

    + $20 SPX -- + 20% NUGT. Let the pompous condescending bloviators wallow in their hubris.

    ReplyDelete

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