For WRM. Charts dont work. ;)
cohodk
Posts: 19,132 ✭✭✭✭✭
Sunday August 31, 2014 11:45 AM
<< <i>
To update. Silver better hold 18 otherwise its 14 by end of year. >>
Ok, not just for WRM--there are many others on this board who do not believe in predictive chart patterns(Ricko
). I understand it is human nature to look backwards and only see charts as historical data points, but if it hasnt become apparent by now, it is entirely possible to "predict" with reasonable certainty the progression of chart patterns.
<< <i>
To update. Silver better hold 18 otherwise its 14 by end of year. >>
Ok, not just for WRM--there are many others on this board who do not believe in predictive chart patterns(Ricko
). I understand it is human nature to look backwards and only see charts as historical data points, but if it hasnt become apparent by now, it is entirely possible to "predict" with reasonable certainty the progression of chart patterns. Excuses are tools of the ignorant
Knowledge is the enemy of fear
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Comments
<< <i>I agree, charts are becoming meaningless due to everything being manipulated by the ptb. >>
LMFAO!!!!!
Maybe I am just a member of the ptb, or maybe not.
Knowledge is the enemy of fear
<< <i>
<< <i>I agree, charts are becoming meaningless due to everything being manipulated by the ptb. >>
LMFAO!!!!!
Maybe I am just a member of the ptb, or maybe not.
Yeah, I love the elitist attitude from some that work in the system. What you fail to understand is that in the end you and your family are not immune from these issues either.
There's a study that concludes that gullible folks are being manipulated into saying things like that, manipulated into thinking that they have secret knowledge, and manipulated into increasingly vocal preaching and holier-than-thou proclamations, and particularly manipulated into doing so on unrelated topic chat forums to spread "the truth" as they have been manipulated into seeing and believing it.
Liberty: Parent of Science & Industry
Too many positive BST transactions with too many members to list.
<< <i>everything being manipulated by the ptb
There's a study that concludes that gullible folks are being manipulated into saying things like that, manipulated into thinking that they have secret knowledge, and manipulated into increasingly vocal preaching and holier-than-thou proclamations, and particularly manipulated into doing so on unrelated topic chat forums to spread "the truth" as they have been manipulated into seeing and believing it. >>
Of course. It's not like any of these clowns have been caught rigging markets and were forced to pay fines or anything. It's not like they have been caught on tape more than once admitting BO care was a big con job on the American people. Right? Nah... nothing to see here.
<< <i>There's a study that concludes that gullible folks are being manipulated into saying things like that, manipulated into thinking that they have secret knowledge, and manipulated into increasingly vocal preaching and holier-than-thou proclamations, and particularly manipulated into doing so on unrelated topic chat forums to spread "the truth" as they have been manipulated into seeing and believing it. >>
Those gullible folks also include those who say everything is great, all the time.....such that our governments, economies and financial systems are all working in our best interests.
Are the Bilderbergs, Council on Foreign Relations, and other "helpful" organizations all trying to make J6P's life better?
Fwiw I do believe that chart patterns work. What I also believe is that the PTB help to make "some" chart patterns work better than others.
Citigroup just fined $2.7 BILL for their role in rigging Libor and currencies. Small potatoes as they probably made >20X that.
<< <i>
<< <i>There's a study that concludes that gullible folks are being manipulated into saying things like that, manipulated into thinking that they have secret knowledge, and manipulated into increasingly vocal preaching and holier-than-thou proclamations, and particularly manipulated into doing so on unrelated topic chat forums to spread "the truth" as they have been manipulated into seeing and believing it. >>
Those gullible folks also include those who say everything is great, all the time.....such that our governments, economies and financial systems are all working in our best interests.
Are the Bilderbergs, Council on Foreign Relations, and other "helpful" organizations all trying to make J6P's life better?
Fwiw I do believe that chart patterns work. What I also believe is that the PTB help to make chart patterns work.
Citigroup just fined $2.7 BILL for their role in rigging Libor and currencies. Small potatoes as they probably made >20X that. >>
Bingo, on examples like Citigroup. They could care less if they pay a fine as long as the end payoff is far greater. Their 'end justifies the means' is what most if not all of them live by.
<< <i>Yeah, I love the elitist attitude from some that work in the system. What you fail to understand is that in the end you and your family are not immune from these issues either. >>
True.
My thought is that we will all end up in the same soup line. Some will sip broth while others consume chowder, but the line will be the same.
I do believe the 10 year uptrend line will offer support.--this line represents only a 9% annualized return indicating to me very little excess or extreme bullish emotion. Those buying close to the trend line should be able to experience similar (if not greater) rates of return over the next decade. Those who bought well above the line will of course see much lower returns (and probably blame Obama, Bernanke, Dimon, Bob Dillon and their mom)
Knowledge is the enemy of fear
I knew it would happen.
bob dylan conspiracy you asked ? here you go
In 1966, Bob Dylan was extremely thin and had the look of a speed addict. In June 1966, Bob had returned from a nine-month world tour, which was especially grueling because he received hostility over his new sound. During the tour, Dylan plugged his guitar in and added an electrified backup band. Following Bob’s motorcycle accident, he disappeared for six weeks and canceled a scheduled 64-date American tour. A number of different accounts of the crash have been given by Bob Dylan and his friends. This has caused people to become suspicious of the incident. About the accident, Bob Dylan said that he broke several vertebrae in his neck. However, no ambulance was called and Dylan was not hospitalized.
Bob’s biographers have written that the crash offered Dylan the much-needed chance to escape from the pressures of life. Others have suggested that Bob entered a drug rehabilitation clinic and that the motorcycle accident was a cover. In the wake of his crash, Bob Dylan withdrew from the public and, apart from a few select appearances, did not tour again for eight years. The amount of Bob Dylan pictures available from 1966 is immense. In 1967, his photographs resemble an entirely different individual. This has raised the conspiracy that Bob Dylan was killed in a 1966 motorcycle crash and replaced with a look-alike, possibly the second such occurrence for Dylan. In the back of your mind, you could be wondering how Bob Dylan, the greatest poet, lyricist and protest writer of the early 1960s, sat by quietly watching as Vietnam and the Civil Rights Movement of the late 1960s exploded. Then you examine the two photographs provided.
Too many positive BST transactions with too many members to list.
"Look out kid, you're gonna get hit..."
BD
Great stuff Bronco!!!
WRM, you fail to see lots of things.
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Expect resistance around $19, and then lots more at $26. I personally do not expect to see $35 again for several years. Please please let me be wrong and surprised and get out at $38!
I go on the internet and there is no shortage of silver for sale, one can buy as much metal as they want. Now if they want a specific collector item, well, that's the supply/demand/quantity/price economics of that particular item.
Is it "neat"? Pay up or go without!
Liberty: Parent of Science & Industry
P.S. Classic "ad hominem" - ignore my question and imply that I'm an idiot that "fails to see a lot of things".
Actually, if I implied anything it was that you have poor eyesight, not that you are an idiot. Stop being so hard on yourself. You can do this.
Folks, technical analysis is not rocket science. Even a vaccinated, foolish idiot can do this. Just eliminate your predispositions. Free yourself of emotional attachment. Get a good nights sleep. Hug your kids, lovers, parents. Laugh a little.
Knowledge is the enemy of fear
I agree. $35 in 4 years is 15% per year. PM stackers should be pretty happy with this, unless they bought into the hype in 2011, 2012, 2013, in which case many will be breaking even.
Knowledge is the enemy of fear
<< <i>Yet another classic ad hominem - ignore my question and imply that I'm an idiot because I "fail to see a lot of things". Sure, the price went down after you made the 14 EOY call. So what. It still has not hit your target. What's your point?
I see well enough to know that you posted this on 24 November:
"I was calling for $14, it hit $15.04. Thats close enough for me to say it has established a bottom."
So, first you say "14 silver EOY". Then you say "the bottom is in". Now you're again saying "14 EOY"?
Make up your mind. It can't be "14 EOY" if "the bottom is in".
BTW, I edited my 11/26 replies to "IS theory" and "Bo Polny" on 11/28, but didn't "bump" those threads.
Cheers, >>
Again, you are right WRM. The low was $14.15, not $14.00
Why do you edit your comments days after you make them?
Knowledge is the enemy of fear
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>The most important statement that will appear on any prospectus: "Past performance is no guarantee of future results." >>
Agreed, I like "Past performance can be very indicative of future results".
Knowledge is the enemy of fear
<< <i>
BTW, I edited my 11/26 replies to "IS theory" and "Bo Polny" on 11/28, but didn't "bump" those threads.
Cheers, >>
Swearing at people in Polish is not allowed on this forum sir
<< <i>
<< <i>Again, you are right WRM. The low was $14.15, not $14.00
Why do you edit your comments days after you make them? >>
There was a double post, and I wanted to add a point without bumping the thread to the top. I always note what/why I edit.
True that the price spiked down to ~14.15, on a Sunday evening during Globex market. But, that was the first of December, a full week after you called 15.04 "the bottom". That makes you wrong twice - once for the bottom call, and again for the 14 call (14.15 is not 14). Furthermore, that 14.15 was essentially clear evidence of price suppression, especially considering that the price rallied some 19% off of that low in less than 24 hours. That is not typical price movement for a free market.
You'll have to try harder.
Cheers, >>
I said silver at 14 by end of year. It did that.
I said silver at 15 was close enough to my target to say a bottom was most likely in. Silver did go under 15 for a few hours and is now up 13% from my "bottom" comment.
Those are facts.
14.15 was essentially clear evidence of price suppression
Not a fact.
That is not typical price movement for a free market
Not a fact.
Feel free to debate fact with me anytime. You will always lose, and thats a fact.
Bottomline of this thread is that I used charts to anticipate a progression of a pattern. That pattern did progress a anticipated. My intent is/was to show that proper interpretation of chart patterns can be a very useful tool in an investors toolbelt.
Approaching a job without the necessary tools can often lead to poor performance. Elimination of risk is the first step toward success.
Knowledge is the enemy of fear
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.