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all of this stuff: A trainwreck!
Commented Nov 10, 2009 on Last Chance is Not Done at Planet Yelnick
Last Chance is Not Done
OK, market is stress testing my Last Chance posts mercilessly, but has not yet blown the latest call. You can read tonight's STU during Free Week - they are hanging tough on their call but acknowledge that the market may blow it - or not - tomorrow. If tomorrow does not reverse down, today was a...
"..dollar is not done "... DUUUHHHH....the howling tonight on the perma-bears' sites... priceless!
Commented Nov 9, 2009 on Dollar is Not Done at Planet Yelnick
Dollar is Not Done
G20 seems to have spooked the US Peso, as it gapped down today and hit its recent intraday low (DX74.93) again three weeks into an aborted rally. The DX had broken its upper trendline, but fell quickly back below and now has not only stayed there (a false break) has now gone near the lower trend...
"If the stock market doesn’t fall within the next two to four months, then my prediction of markets hitting new highs will not come true. On the contrary, we may actually see a worse correction than was experienced in 1929, 1987, 2000 and 2008 two weeks before lunar eclipse of 31 December 2009 or four weeks before Jan 2010 Solar annular"
or in other words.. .." if it rains in May , June may not away....lol
What a load of sh**t !!
Commented Oct 25, 2009 on The Financial Panic Necklace and the 1987 Historical Analogy at Planet Yelnick
The Financial Panic Necklace and the 1987 Historical Analogy
I have been following the many historical crash analogies that pop up. In my post The Japan 1989 Analogy I link to many other posts on these analogies in case you want to check this meme out. 1938 is the perennial favorite because it involved government stimulus that kept the economy on life s...
three waves up , five waves down... three over.. sometime I have to laugh.. so much energey wasted on something that has a chance to be 90 wrong.. guys LIVE!!!!
Commented Oct 16, 2009 on Yves Updates His Bond Prediction at Planet Yelnick
Yves Updates His Bond Prediction
Yves sent me this updated chart. His last call was for a bond rally, and we have completed the first wave up. The recent weakness is a wave 2 correction. Stocks may give guidance as to bonds. If stocks get past fall off the Dow10K level (we continue to hover today) it suggests wave 3 in bonds ...
"Prechter's record is "downright abysmal" only to daytraders and market timers, who try to use EW to predict daily and hourly movements in the markets, which is impossible, since so many possible counts are in play at any given time. EW can only be applied accurately in hindsight, and is elegant when done so."
iF THAT'S THE CASE,pRECHTER SHOULD REFRAIN FROM MAKING ANY SHORT OR EVEN INTERMEDIATE CALLS FOR TOPS OR BOTTOMS...LET HIM DO HIS CENTENNIAL SCHTICK.. IT'S NOT OF USE TO US MORTALS :)
Commented Oct 15, 2009 on Another Crash Call: Is 2009 Like 1929 and 1987? at Planet Yelnick
Another Crash Call: Is 2009 Like 1929 and 1987?
The market in 1987 followed the pattern of 1929 very closely, which is an incredible coincidence. Extending this to 2009 shows the same pattern emerging and pointing to a top on Oct16 and a crash on Dec10. Oct16 is this Friday and options expiration, always a fun day. Now, so far we have one ...
..dunno about a crash, but my current work points to a potential top of Primary B wave around that time ( dec 11th) at about spx 1210 :)))
Commented Oct 15, 2009 on Another Crash Call: Is 2009 Like 1929 and 1987? at Planet Yelnick
Another Crash Call: Is 2009 Like 1929 and 1987?
The market in 1987 followed the pattern of 1929 very closely, which is an incredible coincidence. Extending this to 2009 shows the same pattern emerging and pointing to a top on Oct16 and a crash on Dec10. Oct16 is this Friday and options expiration, always a fun day. Now, so far we have one ...
.. and how many op-ex fridays since march have all the bears been on their knees praying for PRIMARY 2 to end...LOL
Commented Oct 15, 2009 on ZZ Top at Planet Yelnick
ZZ Top
Among my 2009 predictions posted on Jan 1 was this one: "A Hope Rally to Dow10500 (SP1100) by this summer." Well, summer has gone but Dow10500 seems to have come - maybe by this Friday's speculative top date. Kudos to Tony C as the EWI count has now joined his: the wave action since Jul8 has ...
This advance has serious momentum and there are no serious divergences visible in the longer term picture. I would not see surprised to see this baby plough right through the 50% retrace. Something's at work here that I don't think any of really comprehend with the traditional claim that there "has" to be a C wave in the immediate offing.
Commented Oct 15, 2009 on ZZ Top at Planet Yelnick
ZZ Top
Among my 2009 predictions posted on Jan 1 was this one: "A Hope Rally to Dow10500 (SP1100) by this summer." Well, summer has gone but Dow10500 seems to have come - maybe by this Friday's speculative top date. Kudos to Tony C as the EWI count has now joined his: the wave action since Jul8 has ...
works for me !
Commented Oct 13, 2009 on housekeeping notice at Planet Yelnick
housekeeping notice
I have changed the comment policy to require a typepad signup & therefore create real posters not fakesters and imposters. I apologize for the inconvenience to real posters, and I encourage you to take the step to become official (which you can do under a handle not a real name). let me know what...
YelniK.. any comment on Neely's recent warning in regard to a potential fundamental change in his LT count....
thanks in advance !
Commented Sep 17, 2009 on Last Chance Trading Update at Planet Yelnick
Last Chance Trading Update
For those of you who are shorter-term traders, there is a growing chance the market is about to top, at least for a deeper pullback then we have seen for a month. I mentioned in the Last Chance To Get Out post that we appeared to be in a final wave pattern up, which was breaking into five smalle...
LOOOOL!
The golden mean retrace off the larger view may be in sight at 1232 but a transverse, backward anti-wave impulse off the 3rd of 5 logarithmic spiral centered on the June high and starting on the July low the fourth ring goes to the same 1232 intersecting the top line on a pitchfork with a barrel of hay and two candles drippin' shitwax on a round head-and-shoulders upward butthrust. That's my back-o-the-envelope hang ten view at the top line of the pitchfork, and --like McMikey says, we'll just have to watch. The lograthmic spiral served me well nabbing the 666 reversal off the first 5 wave decline at the '07 top on a 60 minute chart.
Commented Aug 30, 2009 on Peak Rally at Planet Yelnick
Peak Rally
Let me go out on a limb and say that the rally is OVER. Today's sharp rise at the open to SP1040 and Dow9630 marks the top, and is sufficient to satisfy the wave count for a minor wave 5 to complete the second zigzag. If I am wrong, it won't be by much; the next most likely stopping point is ...
I like the spx chart using the trendlines ( especially the one connecting the march o7 lows with the two lows in early 08). My work points to a slightly different result for the Primary B high: spx 110ish by late sept.
see chart in the link.
http://www.picvault.info/images/537092634_spx%20trendlines.jpg
Commented Aug 29, 2009 on Peak Rally at Planet Yelnick
Peak Rally
Let me go out on a limb and say that the rally is OVER. Today's sharp rise at the open to SP1040 and Dow9630 marks the top, and is sufficient to satisfy the wave count for a minor wave 5 to complete the second zigzag. If I am wrong, it won't be by much; the next most likely stopping point is ...
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