tag:blogger.com,1999:blog-9226230.post4456802440456821428..comments2023-10-20T05:43:46.254-07:00Comments on All Allan: AbsurdismUnknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-9226230.post-28650528636160728192010-04-23T09:11:45.350-07:002010-04-23T09:11:45.350-07:00Stock trading based on possible volcano eruptions....Stock trading based on possible volcano eruptions. Not too desperate...<br /><br />- Previous Katla eruption: 1918<br />- Previous Eyjafjallajokull eruption: 1821<br /><br />Forgive me if I don't consider these events "in tandem"... but then, we could worry about the supervolcanoes.<br /><br /><i>...when one erupts it will be unlike any volcano we have ever witnessed. The explosion will be heard around the world. The sky will darken, black rain will fall, and the Earth will be plunged into the equivalent of a nuclear winter...</i><br /><br />I'll go out on a limb and say the markets will head down if that happens.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-55368609583774386762010-04-22T15:34:47.317-07:002010-04-22T15:34:47.317-07:00he bought Lehman bros.
and other things.
dont thi...he bought Lehman bros.<br />and other things.<br /><br />dont think he'd be buying Lehman now though.<br /><br /> he also expected FDR would not run for an unprecedented 3 rd term.... <br /><br />not sure how valuable,or similar, this historical account is in relation to today. interesting to note, but not sure its very relevant.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-78672648800987849792010-04-21T22:20:26.057-07:002010-04-21T22:20:26.057-07:00scroll to entry #5991. Then a little below that to...scroll to entry #5991. Then a little below that to read copy of letter dated <a href="http://www.chesshistory.com/winter/winter55.html" rel="nofollow">24 APRIL 1940</a><br /><br />and you will see what stocks chess master Benjamin M. Anderson was buying at the NYSE on the even of WW-II.<br /><br />he also writes in such a way that he is describing a market tone which is not unlike what Allan appears to be feeling now.<br /><br />notice his last paragraph and warning not to use margin for stock purchases.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-12428933977777564352010-04-21T21:59:47.423-07:002010-04-21T21:59:47.423-07:00Reuters reports that according to South Korean int...Reuters reports that according to South Korean intelligence, the Cheonan ship sinking in late March is due to a torpedo fired by a North Korean submarine. <br /><br /><br />Eduardo said: "they can not prevent all manner of natural and unnatural phenomena from occurring that might conceivably be far too powerful for their considerable, if substantially depleted, wherewithal."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-37611723379013465582010-04-21T20:13:35.973-07:002010-04-21T20:13:35.973-07:00Citigroup RSI is at a place it hasn't been in ...<a href="http://stockcharts.com/h-sc/ui?s=C&p=W&yr=2&mn=3&dy=0&id=p85677065712" rel="nofollow">Citigroup RSI is at a place it hasn't been in years</a><br /><br /><br />" None of them knew the color of the sky. Their eyes glanced level, and were fastened upon the waves that swept toward them. These waves were of the hue of slate, save for the tops, which were of foaming white, and all of the men knew the colors of the sea. The horizon narrowed and widened, and dipped and rose, and at all times its edge was jagged with waves that seemed thrust up in points like rocks. Many a man ought to have a bath-tub larger than the boat which here rode upon the sea. These waves were most wrongfully and barbarously abrupt and tall, and each froth-top was a problem in small-boat navigation. "<br /><br />~ <i>The Open Boat</i> c. 1897 (first paragraph of page one), Stephen Crane.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-63290496057474651412010-04-21T14:43:50.702-07:002010-04-21T14:43:50.702-07:00The H&S pattern becomes substantially more rel...The H&S pattern becomes substantially more reliable when taking into consideration patterns that span over long periods (in this case decades) as this one does. What Allan's chart leaves out is the accompanying MACD to confirm that the left shoulder is stronger than the head which is in turn stronger than the right shoulder.<br /><br />From what I can see, it does not confirm the pattern, thought that need not be a deal breaker for the H$S to play out. As for the thesis that TPTB can forestall or prevent such an outcome. We don't know if they can, but we do know the following:<br /><br />They did not prevent the savage decline from late '07 to early '09, and they can not prevent all manner of natural and unnatural phenomena from occurring that might conceivably be far too powerful for their considerable, if substantially depleted, wherewithal.<br /><br />A final (duh) note:<br /><br />Should the H&S be in the cards, kiss "NNVC is going to a hundred" by 2014, good bye.Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-15999480969316605072010-04-21T13:08:49.507-07:002010-04-21T13:08:49.507-07:00Allan you are my hero for saying chief! Haha!
How...Allan you are my hero for saying chief! Haha!<br /><br />How is it a useless indicator? When you have so many people that make trades based on that kind of analysis (head & shoulders, EWI, fibonacci, ceterus parabis) by playing along you really can take advantage of the manipulation. Atleast I've come to find that to be the case.MMarinohttps://www.blogger.com/profile/08934356482755744793noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-53028259181762210432010-04-21T12:39:13.560-07:002010-04-21T12:39:13.560-07:00Chill out chief, I'm not suggesting it, just s...Chill out chief, I'm not suggesting it, just showing it and providing some food for thought, it is damn boring out there if you haven't noticed.Ahttps://www.blogger.com/profile/04435140994142833427noreply@blogger.comtag:blogger.com,1999:blog-9226230.post-36531911991919213942010-04-21T12:37:14.716-07:002010-04-21T12:37:14.716-07:00head and shoulders....the most useless of all tech...head and shoulders....the most useless of all technical indicators. You ought to know better.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-78124012512640339052010-04-21T12:08:56.267-07:002010-04-21T12:08:56.267-07:00Zero value implies the profits from US corporation...Zero value implies the profits from US corporations is zero or negative. This also implies the end of the world/economy as we see it. The powers that be, would not want it happen. Unless this is a non-economic trigger, like a WW3 scale event.<br /><br />Wouldn't bet on this pattern unfolding.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-84048719730141861992010-04-21T11:17:25.753-07:002010-04-21T11:17:25.753-07:00Does the quote on Absurdism relate to EWI's sc...Does the quote on Absurdism relate to EWI's scrawny shoulder? ;)Tom Dhttp://twocents.blogs.comnoreply@blogger.comtag:blogger.com,1999:blog-9226230.post-22295295405997162010-04-21T10:27:31.357-07:002010-04-21T10:27:31.357-07:00So it looks like three years of shoulder to come; ...So it looks like three years of shoulder to come; is that the conclusion.Anonymousnoreply@blogger.com