Wave theory and practice for SAM - in real application ..................... always look for the
4th Wave
The 4th wave will inform you that the end is near so be pay-shunt.
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Pat494 started this thread only 3 weeks before the bottom of the BEAR printed. Pat was sooooooo bearish, he had given up on Blighty. This is what happens in a BEAR of this magnitude. Had I been there I would have said to Pat, "mount up, we are getting ready to go LONG bigtime!" Pat would be flabbergasted to hear fibo say this. Every bone in his body was screaming DEATH and here comes fibo saying, Live, Pat live, live for me.
Yes, Blighty could be saved but only by an American, and not just any old yank, but one of intemperate disposition, his name be FIBO.
Note: Pat494, $FXC, Inquisitor are on a very short list liked by Fibo. Pat especially, so do not think he is being attacked here. Its just unfortunate that he is the one wrote the thread, wish it were some other schmuck.
The whole thread is utterly bearish and growing more so to the point of giving up altogether that Blighty would ever make it out alive. Such is the power of the BEAR on the Herd psyche. They just get more and more and more depressed, never realizing that the darkest hour is just before dawn. Then a few days or weeks later, without fanfare, just like LOVE, the bottom of the BEAR prints. Nobody notices, only Fibo does. The 2 dojis and big green candle confirm. then came the breakout arrow on trendline 1
No later than april 1, 2009 Pat would have been in LONG as an investor and know-ed that the only time he would need to worry about an exit is when the 2007 top was being approached.
Blighty (FTSE 100) with trendlines added for even more perspective. The arrows show where Pat would have gone LONG as an investor at the very latest.