Bear Market almost ready to resume ....... March 12, 2019 posted at ET

[fibo_trader]

Don't forget that THE MAGAZINE INDICATOR & THE SKYSCRAPER Indicator have flashed the signal for a TOP in the stock market






More than two dozen supertall skyscrapers are in development in New York City, potentially more than tripling the existing number. When stocks go to the moon, buildings head for the sky. SELL SELL SELL

Businessweek put out this magazine cover as a historic bottom was approaching, "DEATH of EQUITIES" Shortly thereafter, the market bottomed and a bull got underway

Students of the market would interpret this shamelessly bullish call as a potential sign that sentiment on U.S. stocks is stretched. Economist David Rosenberg said, “The front cover of Barron’s. How perfect. The makings of a market top”. A Google search for the issue revealed a Reddit thread entitled, “Barrons says the bull market is unstoppable… SELLL EVERYTHING SELL SELL SELL”.

 

[fibo_trader]

Sentiment, Sentiment, Sentiment = a major subject that is not only taught at Universities and defo not in the MBA program and defo not at ET or T2W.

But for the astute Duke of London, he makes goood use of this factor just based on what I already taught him:

Revision:

At major market turns approaching, the investing/trading crowd is always on the wrong side of the market insistently and never see a turn coming and stay LONG and get crucified, petrified and frozen and can't exit, so scared they are. They die.

Reading the board at T2W and ET prepares the Duke for the turns when he can easily see that the vast majority are not only super bullish but that some are so bullish that its way over the top and have thrown caution to the wind and are cock sure the market will go to infinity. Then the Duke has fellows hitting on him telling him, "get in now man, you are a goddamn fool, you can't lose, easiest money int he world, its a boon for us traders"

The Duke feels terribly ALONE. Everybody seems to have thrown caution to the wind. But the Duke cannot join them. He learned this lesson from FIBO, so he puts the brakes on and puts on his thinking hat and recalls exactly what Fibo taught him and then he remembers that Fibo also said that his premiss also coincides with that of Warren Buffet ............

SELL when ther is euphoria and craazy complacency and no fear - SELL SELL SELL.

SENTIMENT STUDY & CALCULATION is a study that has never existed at T2W or ET. DEATH prevails in droves.

 

[fibo_trader]

Just won a 5k bet on my Boeing top call. The bet was made with a business owner, a rich cat who thought he knew about timing the markets. HE challenged me. I accepted. Months ago even after the top he was hesitant to pay and looked like chickening out of the deal. But after last week, he came around and paid up.

Nobody bets against Fibo and wins.

Look what happened to T2W's new_trader and malaguti who bet against fibo on Gold and are already down $70/ounce. Poor new_trader, this is his life savings he's put into bullion. Sheesh! He said he would not sell but would rather die or go broke than liquidate. He has not posted in his Journal since August 25th.

Even if Gold recovers and starts going north again, just look at the huge stress and fear of loss he has to live with in the interim for months now. Terrible terrible terrible

they just won't listen.

 

[fibo_trader]

Duke will go back to his thread later and review the last slam dunks on the dollar Index n detail and see hownicely fibo nailed this Champ of Champs. then switch to the Euro and see the gains in the LOng as it goes inverse to the dollar index. So remember what I told you - you do the anlaysis for Euro and DX as if they were one - they go together. Nuance City is what I call them. And if you throw in the Twin Towers (Dollar & Yen) and GBP, you've now got more than enough to trade on for thenext 5k years

Dollar Index reached the 200-day ema. RSI is turning up. Does that mean the fcoefficient of Restitution is firing? Yeah it could be but its got to fire either now or soon..

Dollar Index on 1H is approaching 97.154. I believe this is a station that might serve vegetarian food?

 

[fibo_trader]

Duke will go back to his thread later and review the last slam dunks on the dollar Index n detail and see hownicely fibo nailed this Champ of Champs. then switch to the Euro and see the gains in the LOng as it goes inverse to the dollar index. So remember what I told you - you do the anlaysis for Euro and DX as if they were one - they go together. Nuance City is what I call them. And if you throw in the Twin Towers (Dollar & Yen) and GBP, you've now got more than enough to trade on for thenext 5k years

Dollar Index reached the 200-day ema. RSI is turning up. Does that mean the fcoefficient of Restitution is firing? Yeah it could be but its got to fire either now or soon..

Dollar Index on 1H is approaching 97.154. I believe this is a station that might serve vegetarian food?

On 1H turned at 97.168. The way these Indexes and instruments honor FIBO is just plain downright staggering.

Thus far a 4-hour stop at this particular station - special tea is served. Will the conductor announce a much longer halt at the station or blow the whistle for the train to continue south? Who cares?

In hell a man passed a room where an economist was having an intimate conversation with a beautiful woman. “What a crummy deal!” the man complained. “I have to burn for all eternity and that economist spends it with that gorgeous woman.”

An escorting demon jabs the man with his pitchfork and shouts, “Who are you to question that woman’s punishment?”

 

[fibo_trader]

Uber Long @ 29.33 STOP

SLAM DUNK!! see above for LONG entry Oct 10 ROFLMAO! The whole world was bearish UBER - except Fibo knew there would be a turn for at least a rally. There is so little History for this stock, its difficult to make LT take profits assessments. So we go with the shor-term and see what develops.

See posts # 699, 953, 1003, 1004 first, especially post #1004


Putting the STOP under the lowest low at 28.3

Do not follow me. This is a Casino move. If wrong my loss will be 29.33 - 28.3 = 1.03

 

[fibo_trader]

UBER:

Yippie kai yeh, the Casino is open for business. Every single YOUTube channel that deals with the Gig Economy's Uber and Lyft has one thing in common. they all say that both companies are going bankrupt. Hey, who knows, they might. There is no History on either of these outfits so I am stumped.

So this is pure Las Vegas Gambling

I will pour on the coal only after it proves to me now that we have more tahn a 3-wave rally on 1H and then on daily. Why? because if only a 3-wave rally, then its only a bear rally and I will have to get out or just take the loss on my STOP. But if it goes into a 3rd upwave, then we got something with just one other caveat to attend to.

So remember, its Casino time

Hide and watch but sit on sidelines and wait for PROOF that this gal will deliver the goods on the next kiss

 

[ssam]

Don't forget that THE MAGAZINE INDICATOR & THE SKYSCRAPER Indicator have flashed the signal for a TOP in the stock market






More than two dozen supertall skyscrapers are in development in New York City, potentially more than tripling the existing number. When stocks go to the moon, buildings head for the sky. SELL SELL SELL


View attachment 268898





View attachment 268899





Businessweek put out this magazine cover as a historic bottom was approaching, "DEATH of EQUITIES" Shortly thereafter, the market bottomed and a bull got underway

View attachment 268900






View attachment 268901



Students of the market would interpret this shamelessly bullish call as a potential sign that sentiment on U.S. stocks is stretched. Economist David Rosenberg said, “The front cover of Barron’s. How perfect. The makings of a market top”. A Google search for the issue revealed a Reddit thread entitled, “Barrons says the bull market is unstoppable… SELLL EVERYTHING SELL SELL SELL”.

Yes indeed the contrarian will prosper, but when and for how much punishment do they need to withstand before market turns in there favour.

Interesting times we live in, brother. Markets cannot rise forever and someone has to lose at the end of the day. I shall take a look at the reddit post you suggested in the link.

 

[fibo_trader]

Yes indeed the contrarian will prosper, but when and for how much punishment do they need to withstand before market turns in there favour.

Interesting times we live in, brother. Markets cannot rise forever and someone has to lose at the end of the day. I shall take a look at the reddit post you suggested in the link.

>>>>>> Yes indeed the contrarian will prosper, but when and for how much punishment do they need to withstand before market turns in there favour. <<<<<<<

I can answer your excellent question ......................... SENTIMENT analysis is the psychology of the CROWD or HERD factor.
When it get too one-sided either bullish or bearish, I mean really one-sided, unanimous-like, with certainty, then and only then should you pay attention to what its saying. In the middle of the road in an uptrend there is furious buying but the SENTIMENT has not yet gotten to be lopsided just yet. This goes on for quite some time until a point comes where even the janitor and washroom attendant are telling you how good the stock is and it will go up forever.

IT IS ONLY THEN THAT YOU PAY ATTENTION TO SENTIMENT - when it hits an x-treme, x=-treme, x-treme.

Then you quietly and without fanfare open up your TA chart. The signal will come only when TA breaks down. NOt one moment before tht. All the SENTIMENT analysis did for you is get you ready, get your fancy 2-gun rig oiled and greased and holster cleaned and checked for cracks - your horse is watered and well fed and rested.

Then when TA gives you the signal either from RSI or from Price itself, you get on the TREND.

SENTIMENT + TA = match made in Heaven

 

[fibo_trader]

Now if the Duke asks, "but wtf is a sentiment x-treme? What does it look like, what does it feel like? I gots to know what this feeling is really like, I gots to relate to it"

I can give examples of Market action but they are nowhere as good as this one below which happened during Donald Trump's 2016 election period - way before the actual election (aka Top/Bottom)

It seemed everybody hated Trump. The Media was putting out all sorts of polls showing he was going to get clobbered. Pollsters were getting cocksure Trump would be beaten easily. Then when I heard many of these CNN/MSNBC cats sayng that Hillary Clinton has surely bagged it, that the game was already over, that would be the time to switch to Technical analysis and look for a signal to go LONG Donald

At exactly what moment did the Sentiment x-treme register in Fibo's mind as a true x-treme against Trump?


At exactly 0:07 in video when unanimous laffffter broke out against Ann Coulter, that's when fibo know-ed Donald would win - this is what true contrarianism is like - standing totally alone with everyone ridiculing your stance and you holding firm. Not a single cat at T2W or ET can do this - none got the kahunas.

 

[ssam]

Sentiment, Sentiment, Sentiment = a major subject that is not only taught at Universities and defo not in the MBA program and defo not at ET or T2W.

But for the astute Duke of London, he makes goood use of this factor just based on what I already taught him:

Revision:

At major market turns approaching, the investing/trading crowd is always on the wrong side of the market insistently and never see a turn coming and stay LONG and get crucified, petrified and frozen and can't exit, so scared they are. They die.

Reading the board at T2W and ET prepares the Duke for the turns when he can easily see that the vast majority are not only super bullish but that some are so bullish that its way over the top and have thrown caution to the wind and are cock sure the market will go to infinity. Then the Duke has fellows hitting on him telling him, "get in now man, you are a goddamn fool, you can't lose, easiest money int he world, its a boon for us traders"

The Duke feels terribly ALONE. Everybody seems to have thrown caution to the wind. But the Duke cannot join them. He learned this lesson from FIBO, so he puts the brakes on and puts on his thinking hat and recalls exactly what Fibo taught him and then he remembers that Fibo also said that his premiss also coincides with that of Warren Buffet ............

SELL when ther is euphoria and craazy complacency and no fear - SELL SELL SELL.

SENTIMENT STUDY & CALCULATION is a study that has never existed at T2W or ET. DEATH prevails in droves.

World economy is sleepwalking into a new financial crisis, warns Mervyn King | Economics | The Guardian

Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England boss

amp.theguardian.com

Reading this on my way home - is Mervyn right? Probably! Fibo, thank you for your boundless posting here, gives me a great deal of enjoyment!

 

[fibo_trader]

For Duke of London to devour in sybaritic splendor


SENTIMENT ANALYSIS example 2


The hatred toward Donald Trump was so great that all sorts of celebrities that have huge influence on the mob's mind came out and all sorts of sh*t about the Donald. They fooled the polls but they could not fool the contrarian named FIBO.

When I saw that stuff, add another win for Donald to win and be president - the action had gotten too one-sided against him

 

[fibo_trader]

World economy is sleepwalking into a new financial crisis, warns Mervyn King | Economics | The Guardian

Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England boss

amp.theguardian.com

Reading this on my way home - is Mervyn right? Probably! Fibo, thank you for your boundless posting here, gives me a great deal of enjoyment!

Mervyn King = KING

 

[fibo_trader]

For October 22, 2019

SPY SHORT 297.82 STOP 300.25 Trail

SPY SHORT 296.88 STOP 300.25 Trail

 

[fibo_trader]

Forgive 'em Father, their ship is sinking fast and they are just playing around ...................... none has noticed that the Euro, after having gone sideways for a long time on the monthly chart, confusing the daylights out of them, is finishing up the last leg down of the Triangle. When this downleg completes, the EuroGBP will nail the UK to the wall

Sheesh! The staggering BEAR market that is coming the UK's way is monstrous when wave e terminates. Not yet. Keeping eye on it. Will announce the breakout and provide a bus to take everyone to the YMCA

 

[fibo_trader]

Uber Long @ 29.33 STOP

UBER: closing Long Trade at market open tomorrow

 

[fibo_trader]

Homework for the Englishmen


USDJPY ............ big opportunity to finally be able to clear out of London and bugger off where other Brits have gone and are in Paradise - many destination Paradises. But one thing is in short supply. The vehicle to engineer one's escape from London. All these other cats are generally living on fixed income plus a few extra bucks here and there.

They don't got what the Englishmen here got. A retirement opportunity so compelling, its staggering.

USDJPY

stare at the 100 year monthy chart first. Then stare at the weekly then the daily. Confusion ought to reign supreme. Then drop once more to the weekly. Look again. See the triangle sideways pattern for years?

Its ending soon.

Upwave aborning. Prepare weaponry.

Slam Dunk!! Daily trendline taken out. Its a step in the right direction

 

[fibo_trader]

USDJPY stop raised to 107.51 on the hi lev portion

TP 108.59 done done done on the hi lev trade Smoking smoking smoking Fibo

 

[fibo_trader]

UBER: closing Long Trade at market open tomorrow

done! done! done! Trading is such a nice cool breeze with lemonade on a sunny day with a staggering view of the Pacific Ocean. Can it get better than this? No way, Jose, not even in Heaven because where Fibo is, is already Heaven

God, do I love it so! trading record continues at > 90% just about at the level where my Sales Closing resides.

the search continues for the philosopher's stone (not trading related)

 

[fibo_trader]

SLAM DUNK!! as the dollar Index now not only takes out the 1H trendlines but is now taking out the daily one too

View attachment 268777

now dig this just for fun - see quote above for daily timeframe and then see below for where the dollar Index delivered a perfect bounce for current bear rally on 1H. Goddamn does the dollar love Fibo - and this grid is the bloody most basic grid one can draw. Tells me how much the dollar loves the simplicity of fibo, a complicated Man but one who always goes for simplicity first




see bounce off the standard Fibo 423.6% level on 1H

Even my best friends, even my best friends they don't know
That my job is turning Lead into Gold