dmarc117 Posted May 18, 2010 Share Posted May 18, 2010 now germany banning short selling tonight. they know something!!!!! Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted May 18, 2010 Share Posted May 18, 2010 The answer to that is basically the whole text of the EWT - basically it's too complex to answer in a post. The only consistency is that often wave lengths are proportionate to certain fibonacci retracement points and based on prior wave lengths - notice I said often, there are certainly exceptions to this. But in short, there are a handful of rules and several guidelines to the EWT. The EWT is not perfect because you're talking about an entity that's directed by mass human psychology, however, there is no such thing as a perfect market theory and any such claim should be laughed at. If there was a theory that perfectly timed market reversals, there would be no mystery to the market and everyone would make money from it. What the EWT does provide is the current location of the market from a trend of one larger degree. This info is valuable because it allows you to view the market from a bird's eye view and it also allows you to see where the market is heading. It's like viewing a maze from up top rather than being in the maze. Â in other words, it's only perfect in hindsight (like everybody else). Quote Link to comment Share on other sites More sharing options...
Brentastic Posted May 18, 2010 Author Share Posted May 18, 2010 in other words, it's only perfect in hindsight (like everybody else). Like I've said all along - it's consistent in form but not in time. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted May 18, 2010 Share Posted May 18, 2010 This is exactly what I've been recommending for the last several months. The sheep won't act until it's too late, though. You're either ahead of the curve or behind it. Â Brent, maybe it's my imagination, but It sure seems you're ultra defensive and desperate in trying to give the impression you know everything, above and beyond anything else, in these threads. Quote Link to comment Share on other sites More sharing options...
Brentastic Posted May 18, 2010 Author Share Posted May 18, 2010 now germany banning short selling tonight. they know something!!!!! What if we banned short selling and I'm already short - what happens with my position? Quote Link to comment Share on other sites More sharing options...
Brentastic Posted May 18, 2010 Author Share Posted May 18, 2010 Brent, maybe it's my imagination, but It sure seems you're ultra defensive and desperate in trying to give the impression you know everything, above and beyond anything else, in these threads. No, I'm irritated that I get mocked over my forecasts because it's not popular. When everyone tells you your wrong and laughs at you, it creates a huge chip on your shoulder. Quote Link to comment Share on other sites More sharing options...
MikesVikes Posted May 18, 2010 Share Posted May 18, 2010 Brent, I understand that you think that stocks will plunge in a historic fashion. I have been warned. Thanks Brent. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted May 18, 2010 Share Posted May 18, 2010 What if we banned short selling and I'm already short - what happens with my position? Â Â depends if they just ban short selling or short positions. in 08, the sec banned all short positions on us banks and we ripped cause everyone had to cover. this sounds like just short selling. and its only germany,\. Quote Link to comment Share on other sites More sharing options...
TimC Posted May 18, 2010 Share Posted May 18, 2010 Brent, I understand that you think that stocks will plunge in a historic fashion. I have been warned. Thanks Brent. Â I dare you to show me where he ever says that. Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 Why pay off your debt? If things tank won't we all just get a bailout like evrybody else seems to be getting? I am thinking now is the time to accumulate debt. but if we fall that far, then everyone else will have as well.....who will do the bailing out if the whole world is in crisis?.... Â and I don't want to hear about some one world currency or something.... Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 If things are going to be half as bad as you expect, then we will be playing "Road Warrior" for real. Â Dibs on the GTO and shotgun pistol. :irishwink: Â But to the getting out of debt part. Â Â ahaha...maybe we have things in our mind a little different... Â my "bad" might be different from your "bad".... Â and when we fall from grace, that will be a sign of the global recovery..... Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 What if we banned short selling and I'm already short - what happens with my position? Â Â whatever money you have made or haven't made will be paid and it will be stopped dead in it's tracks... Quote Link to comment Share on other sites More sharing options...
wiegie Posted May 18, 2010 Share Posted May 18, 2010 the most important part (to me anyways) is where he says to "get out of debt".....this has been my main goal for the past year or so and I'm almost there.... if things are going to be half as bad as I expect 12 months from now, then getting out of debt is the 1st step to freedom Why in the world would you be trying to get out of debt if you are forecasting hyperinflation? It makes no sense--instead you should just make sure that all of your debt is at fixed rates. Quote Link to comment Share on other sites More sharing options...
westvirginia Posted May 18, 2010 Share Posted May 18, 2010 Why in the world would you be trying to get out of debt if you are forecasting hyperinflation? It makes no sense--instead you should just make sure that all of your debt is at fixed rates. Â But depressions are ultimately de-flationary, right? So if we're all Mad Max/Postman apocalyptic then don't worry about the debt 'cause no one will be able to collect. If we're hyperinflationary and you're at fixed rates then don't worry about the debt 'cause we'll be paying pennies on the dollar. But if our machinations of the last couple years end up just forestalling the 2nd great depression then getting out of debt would be a good idea, right? Â This is a fun game. Instead of "Survivor, Nicarauga" it's "Survivor, Total Global Monetary Collapse and Starvation - starring the Anti-Christ, BHO". Doesn't seem to be much to contemplate there... Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 Why in the world would you be trying to get out of debt if you are forecasting hyperinflation? It makes no sense--instead you should just make sure that all of your debt is at fixed rates. Â Â definitely, I was just thinking about this as I was getting ready to go to the Phillies game tonight.... Â and right now, I have very little debt and am close to my goal....but now I might be changing my position for the umpteenth time... Â Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 But depressions are ultimately de-flationary, right? So if we're all Mad Max/Postman apocalyptic then don't worry about the debt 'cause no one will be able to collect. If we're hyperinflationary and you're at fixed rates then don't worry about the debt 'cause we'll be paying pennies on the dollar. But if our machinations of the last couple years end up just forestalling the 2nd great depression then getting out of debt would be a good idea, right? This is a fun game. Instead of "Survivor, Nicarauga" it's "Survivor, Total Global Monetary Collapse and Starvation - starring the Anti-Christ, BHO". Doesn't seem to be much to contemplate there...  that was great...  I don't see a deflationary depression....but I was merely just paying off my debt "just in case" because I don't know exactly where we're headed...I just know that there is a recipe for disaster financially for not just our Country, but globally...except for places like India who seem to be impervious to the recession...but it's...India Quote Link to comment Share on other sites More sharing options...
westvirginia Posted May 18, 2010 Share Posted May 18, 2010 definitely, I was just thinking about this as I was getting ready to go to the Phillies game tonight.... and right now, I have very little debt and am close to my goal....but now I might be changing my position for the umpteenth time...   Dude, Go out and borrow me like $25K. I want a new Road Glide Custom with ABS and a SuperTrapp Slip-on - upgrade the audio. I'm good for it, I swear! Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 Dude, Go out and borrow me like $25K. I want a new Road Glide Custom with ABS and a SuperTrapp Slip-on - upgrade the audio. I'm good for it, I swear! Â Â only 25k?....you're a low maintenance type of guy eh? Quote Link to comment Share on other sites More sharing options...
westvirginia Posted May 18, 2010 Share Posted May 18, 2010 only 25k?....you're a low maintenance type of guy eh? Â I'm not greedy. I can only ride one motorcycle at a time! Â If you're not living on the edge, you're taking up too much space! Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 18, 2010 Share Posted May 18, 2010 (edited) I'm not greedy. I can only ride one motorcycle at a time! Â If you're not living on the edge, you're taking up too much space! Â Â too bad yer a cowboys fan...I'm going to have to decline your offer to use my credit.... Â ....sorry... Edited May 18, 2010 by Avernus Quote Link to comment Share on other sites More sharing options...
Brentastic Posted May 19, 2010 Author Share Posted May 19, 2010 But depressions are ultimately de-flationary, right? So if we're all Mad Max/Postman apocalyptic then don't worry about the debt 'cause no one will be able to collect. If we're hyperinflationary and you're at fixed rates then don't worry about the debt 'cause we'll be paying pennies on the dollar. But if our machinations of the last couple years end up just forestalling the 2nd great depression then getting out of debt would be a good idea, right? This is a fun game. Instead of "Survivor, Nicarauga" it's "Survivor, Total Global Monetary Collapse and Starvation - starring the Anti-Christ, BHO". Doesn't seem to be much to contemplate there... Some 'experts' are finally starting to notice that we are in a deflationary depression. Nobody was saying it until this week - now, there are some who are finally wiping the (bull)chit out of their eyes and seeing the reality. I'm sure I sound like a broken record by now, but hopefully some people are taking action. Credit contraction, deflationary depression - it's happening, protect yourselves. Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted May 19, 2010 Share Posted May 19, 2010 Earnings are good, but the VIX is up. Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted May 19, 2010 Share Posted May 19, 2010 Earnings are good, but the VIX is up. VIX = volatility index, yes? IMO, not one of those turds in striped shirts has the vaguest idea of how to do anything other than panic. Kill 'em all. Quote Link to comment Share on other sites More sharing options...
TimC Posted May 19, 2010 Share Posted May 19, 2010 But depressions are ultimately de-flationary, right? So if we're all Mad Max/Postman apocalyptic then don't worry about the debt 'cause no one will be able to collect. If we're hyperinflationary and you're at fixed rates then don't worry about the debt 'cause we'll be paying pennies on the dollar. But if our machinations of the last couple years end up just forestalling the 2nd great depression then getting out of debt would be a good idea, right? This is a fun game. Instead of "Survivor, Nicarauga" it's "Survivor, Total Global Monetary Collapse and Starvation - starring the Anti-Christ, BHO". Doesn't seem to be much to contemplate there...  :lmao: Too funny, wv.  Wiegie probably doesn't even have a loincloth for the apocolypse. He'll be quickly devoured as we eat the fully nekkid ones first. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted May 19, 2010 Share Posted May 19, 2010 :lmao: Too funny, wv. Wiegie probably doesn't even have a loincloth for the apocolypse. He'll be quickly devoured as we eat the fully nekkid ones first.   he'll be safe. the overlords will need some pets. Quote Link to comment Share on other sites More sharing options...
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