posted on Jul, 17 2012 @ 03:10 AM
reply to post by Pelvi
Pelvi, you asked for a past experience. I will post one for you and all others to consider.
Look at the DJIA weekly chart from February 1, 2010 to November 12, 2010.
This is the 40th week of the previous time period to the 40th week ending this time period.
This particular time period, stage 4, has the archetypal theme of ''Birth Of The Hero'' and the Wall Street traders paint the tape accordingly.
Think about all the ''hero'' stories you have heard such as Hercules and his 12 Labors, tasks, adventures, etc.
There is a story of a guy wrestling with a bull.
There is a story of a guy going underground into a cave of initiation on the walls of which are painted the signs of the Zodiac.
The blue line indicates the 40-week moving average. The market is above this line and climbing for 12 weeks until reaching the red line that indicates
the 240-week moving average. The next week... the Flash Crash.... people will remember a shock to the market, and a wrestling match with the bull. By
the time week 26 rolls around the ''Chilean mining accident'' happens. Three weeks later the mainstream media is running stories around the world
about the miners, and notably featuring the number 33 to indicate how many miners are trapped underground. They are called ''Los 33'' and they are in
the mine/cave/earth/womb/tomb. Not to worry though, because NASA scientists come along to save them, to raise them from the tomb. The market starts
climbing. That rescue, the making of the hero, comes in week 37, coincidentally on a Wednesday, just as the stock market has crested the 240-week
moving average that it was at back before the Flash Crash wrestling match. Three weeks later this particular time period ends and the newly
enlightened market moves on up to make more gains in the next stage 5, and the next stage 6, before a new sign is flashed by the gang in stage 6 week
30 and the selling would begin in the week of March 12, 2012 highlighted by the shooting of Trayvon Martin and the hokey divestment of Jason Russell.
Now don't it?
edit on 17-7-2012 by XXX777 because: clarify the week 26 mine accident and the week 29 turning point