Great Depression 2 - Short trade of a Lifetime - preps start now
barjon
Legendary member
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Seems to me, deadbroke, that you started calling the short a bit below where DOW sits at the moment. You've had to suffer over 1000 point drawdown on the way to getting back to near breakeven so if you're crowing about that fine piece of work then you'd better wait awhile .
The post from March 12, 2012 repeated. This is still the plan.
But as you can see that although we certainly have arrived today at the 200-day moving average, the 250k added at the May 1 top got me into profits way before the arrival at the 200 ma.
Take me disappearing thru' the smoke rings of my mind ...
Bob Dylan - Mr. Tambourine Man - Timsah.com
Deadbroke was the first and only one on the planet to make it widely known that the United Kingdom would be the first major power to break the 200-day moving average.
Q.E.D.
Somebody ought to just throw in the towel and make the UK either a chinese state or a US state, hahahahaha.
🙂
Q.E.D.
Somebody ought to just throw in the towel and make the UK either a chinese state or a US state, hahahahaha.
🙂
darktone
Veteren member
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deadbroke's previous livelihood (1980s) is suffering badly. Deady was hitting 40-60k USD per month as a closer at Beach Club Cancun in Mexico. Beach Club was also known as Pu**y Haven - money, pu**y, what else did a fella need? Check out the industry NOW.
All signs of GREAT DEPRESSION 2 underway and oh sooooooo many billions of folk still don't see anything coming.
Timeshare Prices Plummet to $1 - MarketWatch Video
All signs of GREAT DEPRESSION 2 underway and oh sooooooo many billions of folk still don't see anything coming.
Timeshare Prices Plummet to $1 - MarketWatch Video
As stated earlier deadbroke plugged them all.
A Dow Theory sell signal? - Mark Hulbert - MarketWatch
A Dow Theory sell signal? - Mark Hulbert - MarketWatch
Great Depression 2 can not only be charted and its pain felt, rather it can be smelled too.
Smell the vapor of this tidbit .... (clues such as this are deadbroke's detective work personified)
German 2-year yield dips into negative territory - MarketWatch
Smell the vapor of this tidbit .... (clues such as this are deadbroke's detective work personified)
German 2-year yield dips into negative territory - MarketWatch
BeginnerJoe
Senior member
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You don't seem able to get much of a rise out of the brits. Have you considered it for your fellow yanks ? I used to do it as a sport, and the yanks were very easy. I don't do it so much now as my plate is full with this trading/gambling.
If you want cheaper gas, how about using your supposed all powerful vote to end the wars ?
If you want cheaper gas, how about using your supposed all powerful vote to end the wars ?
CNBC, please note the stupidity of the high high high volume posters at T2W ....
remember how senior (hahahaha) members of T2W were going on and on about how I was 500, then 700 then 800 points offside?
How many were using this to make a point? All the high volume posters at T2W.
So what is my point now?
Simple. Look at the 2 greatest Dow Theory practitioners, Jack Shannep and Moroney, both now way, way offside and STILL LONG. Jack Schannep has made loads of money for his followers for many, many years. He is a very capable technician.
Then look at all the other experts, millionaires and billionaires STILL LONG and therefore offside.
Then look at Dr. Charles bassetti, a brilliant man and the editor of the book TA of stock trends 9th edition and a student and practitioner of TA for 40+ years. He too is totally offside and LONG. Never saw anything coming.
So what is my point? .... Sh*t happens every now and then and people make mistakes and get on the wrong side of a move. That's just the way it is. No big deal. How they recover is where the juice really is - do they get up and come back to win?
In the markets everybody gets f***ed at least once if not more often. That's just the way it is.
remember how senior (hahahaha) members of T2W were going on and on about how I was 500, then 700 then 800 points offside?
How many were using this to make a point? All the high volume posters at T2W.
So what is my point now?
Simple. Look at the 2 greatest Dow Theory practitioners, Jack Shannep and Moroney, both now way, way offside and STILL LONG. Jack Schannep has made loads of money for his followers for many, many years. He is a very capable technician.
Then look at all the other experts, millionaires and billionaires STILL LONG and therefore offside.
Then look at Dr. Charles bassetti, a brilliant man and the editor of the book TA of stock trends 9th edition and a student and practitioner of TA for 40+ years. He too is totally offside and LONG. Never saw anything coming.
So what is my point? .... Sh*t happens every now and then and people make mistakes and get on the wrong side of a move. That's just the way it is. No big deal. How they recover is where the juice really is - do they get up and come back to win?
In the markets everybody gets f***ed at least once if not more often. That's just the way it is.
😆😆😆😆😆😆😆😆😆😆😆😆😆😆😆
CNBC, there you have it. This is the calibre of people here at bulletin boards.
Go on back in this thread and read this cat's comments.
This then is a very stupid mahn. 🙂😀
Got this in my mailbox today (Sunday, June 3-2012)
Tonight 9p ET--CNBC Special Report: Markets in Turmoil
A new year low for the Dow…a weak jobs report…crisis in Europe, what’s next for your money? CNBC’s live global coverage gets you ready for the week ahead, plus first word from the Asian markets, tonight at 9p ET on CNBC.
-------------------------------------------------------------
This is food and dessert for the HERD. They instantly become even more bearish.
It has the opposite effect on deadbroke. It makes him be even more vigilant for a possible reversal and shortprofit killer.
Tonight 9p ET--CNBC Special Report: Markets in Turmoil
A new year low for the Dow…a weak jobs report…crisis in Europe, what’s next for your money? CNBC’s live global coverage gets you ready for the week ahead, plus first word from the Asian markets, tonight at 9p ET on CNBC.
-------------------------------------------------------------
This is food and dessert for the HERD. They instantly become even more bearish.
It has the opposite effect on deadbroke. It makes him be even more vigilant for a possible reversal and shortprofit killer.
The HOUSING conundrum
solved by deadbroke way before it will ever ever be mentioned by the experts on CNBC and elsewhere - sorry chaps, but deadbroke gives it straight, no favorites.
-----------------------------------
CRASH from the 2005 top, yes obvious but not so obvious and confusing everyone is the bouncing around during the last few months.
Deadbroke clears up the picture by tossing all fundamental anyalysis out the window and taking just one simple Chart - iTB = iShares Homebuilders Index.
Its been rising nicely since the 2009 bear market low. But NOTE this .... while the S&P and Dow have gone up like rockets since that low, HOUSING has risen in a very shallow manner.
When this uptrend dies deadbroke believes the HOUSING CRASH will resume and NOBODY will be confused about the resumption of the downtrend NO MORE.
Observe the chart and note the beautiful TOPPING PATTERN. This topping pattern is THE WARNING that 90% of uptrends deliver - the Nasdaq top in 2000 was not of this type so there was no warning.
When the parallel channel breaks I believe the general PUBIC will holler and scream in agony.
Then all the idiots who didn't listen to the dead one in 2005 and sell sell sell sell will cry like babies and beg to be given a 3rd chance and like idiots before them will be waiting for the next retracement to sell sell sell.
That retracement might never come - until after they are in banktruptcy court.
solved by deadbroke way before it will ever ever be mentioned by the experts on CNBC and elsewhere - sorry chaps, but deadbroke gives it straight, no favorites.
-----------------------------------
CRASH from the 2005 top, yes obvious but not so obvious and confusing everyone is the bouncing around during the last few months.
Deadbroke clears up the picture by tossing all fundamental anyalysis out the window and taking just one simple Chart - iTB = iShares Homebuilders Index.
Its been rising nicely since the 2009 bear market low. But NOTE this .... while the S&P and Dow have gone up like rockets since that low, HOUSING has risen in a very shallow manner.
When this uptrend dies deadbroke believes the HOUSING CRASH will resume and NOBODY will be confused about the resumption of the downtrend NO MORE.
Observe the chart and note the beautiful TOPPING PATTERN. This topping pattern is THE WARNING that 90% of uptrends deliver - the Nasdaq top in 2000 was not of this type so there was no warning.
When the parallel channel breaks I believe the general PUBIC will holler and scream in agony.
Then all the idiots who didn't listen to the dead one in 2005 and sell sell sell sell will cry like babies and beg to be given a 3rd chance and like idiots before them will be waiting for the next retracement to sell sell sell.
That retracement might never come - until after they are in banktruptcy court.
