AuthorTopic: Charting the Markets-Chartist Friend from Pittsburgh  (Read 5555 times)

Online RE

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Charting the Markets-Chartist Friend from Pittsburgh
« on: December 02, 2012, 04:33:23 PM »
The new Official Market Charts thread, courtesy of our Chartist Friend from Pittsburgh.  The CFFP can whip up charts on anything, so if Diners are interested in getting charted information, you can request it here.

A bevy of charts to begin the thread...the rest here from CFFP.

RE

Is the economic data better off now than it was 10 years ago?
Not a fucking chance...





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Online RE

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There’s Only One Way To Read Business Insider – Stoned
« Reply #1 on: January 02, 2013, 09:04:47 PM »
I welcomed CFFP to the Diner as a Cross Poster a while back, mainly to share the fabulous charting work he does on the Markets.  CFFP is a Regular on Elvis' Economic Undertow.  Actually, his blog and the Diner are the only 2 Elvis has listed on his Blogroll anymore since doing his software upgrade.

Not much interest so far inside the Diner on CFs Charts, so I thought I would put up a full Blog Article of his on the Diner Blog.  There’s Only One Way To Read Business Insider – Stoned is the first of these, hope the Diners enjoy the meal.  :icon_sunny:

RE
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Online RE

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SELL GOLD Signal-Chartist Friend from Pittsburgh
« Reply #2 on: January 02, 2013, 09:21:34 PM »
CFFP also put up a new Gold chart today, with a SELL Gold signal.

Might be a good time to Unload and buy back cheaper later.


RE
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Offline Snowleopard

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Re: Charting the Markets-Chartist Friend from Pittsburgh
« Reply #3 on: January 03, 2013, 08:44:32 AM »
Quote

This head & shoulders like wave structure appears over and over again on stock charts, index charts, FRED charts, etc. If you understand the pattern and then apply Curvilinear Wave Analysis to the unemployment rate – federal government debt correlation chart, there’s only one conclusion you can arrive at: the UNRATE is going higher; USDEBT is going higher along with it, and there’s not a goddamned thing Obama, the Fed, Business Insider or the Congress can do about it.
 
All you can do is short the fuck out of the stock market and prepare for massive economic contraction

IMHO
The basic analysis is spot on.  Everyone should prepare for a "massive economic contraction", but shorting the market is for gamblers and traders, not investors. 

The above pattern was obvious by 2010.  Wiley Coyote has been treading air for quite some time now.  When will the FED's efforts to repeal gravity for him (the bankers) fail? ???  Lots of folks "bet against the house" and have lost money because they were too early.   Those who bet "with the house", based on QE have done OK so far.

The FED may lose of course, but either way the market is eventually toast and many "winning" bets will not be paid, or if they are, the payment will be meaningless.  In the (likely) scenario suggested by CFFP we get a deflationary crash, and shorts are rich;  if the banks and brokers survive and decide to pay up:laugh:  Good luck with that!

OTOH if the FED manages to buy the market and "win", shorts lose and inflation soars.   Those who bet with the FED, and manage to get out while paper still has some worth owe taxes on their large nominal gains, while their real gains are a fraction of nominal, leaving many with real losses.

The only sure way to avoid losing the paper game is to quit playing.
"A man sees what he wants to see and disregards the rest." -  Simon and Garfunkel

 

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