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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, October 27, 2010

complete big picture - P3

:):):) << prediction: there will be a grand crash, a series of crashes, within the next 12 months. soonest one day, latest 365 days. you can count on that! considering grand crash is once a century event, this time range should be considered as excellent timing and worth waiting :) >> that's the quietest i can keep. :):):) i am very very patient!
if you google "grand crash", this blog is the first to use this terminology, nobody else using the term.

Munis—the next debt crisis?
https://guidance.fidelity.com/viewpoints/munis-next-debt-crisis

short term, more noise. while bounced off the lower pitch fork line yesterday, staying at the lower pitch fork channel, not going anywhere.
btw, this ST chart is one of the 6 setups of my crash/extreme weakness system. one secret is out.
now it passed 4 out of 6 level 2 crash criteria. today is day 4 off the 1196 top. if you read, you know my crash timing rule. :)




PS. 1). TJ posted:
http://www.marketwatch.com/story/qe2-a-ponzi-scheme-says-pimcos-gross-2010-10-27?dist=afterbell
http://www.thestreet.com/story/10901514/1/kass-qe-2-is-a-con-game.html
i was two weeks earlier of the idea of the QE2 Con Game than above people while spx was high at 1184. just some noises of 2 weeks of 14points more, no big deal if you see what's coming.

http://1.bp.blogspot.com/_Qe2EUehGkjM/TLfDPMoTWbI/AAAAAAAABDc/IOIb3Zes6Ls/s1600/1014+WXY+ATH+macro+vs+QE2+micro+2010+POST.JPG

i also was the first one to call QE2 right away when i saw the news and saw greenspan #2 walking on TV.
http://humblestudent777.blogspot.com/2010/08/qe2-so-called-i-see-chart-patterns.html

Now i am one step ahead again :), quietly preparing many unpublished "next game plan". i might not want to be loud this time. keep it quiet, share with dears, with mutual benefits.

2). a person asked about if my P3 the same as Prechter and others P3? The answer is "NO". My P3 is is "3 Peaks and Doomed".

3). Pelican, thank you.