William Tell's TradeCraft: I Christen Thee.... The G8 Deepression!

DOW 4500 / S&P 330 / RUA

Given the recent events unhinging the capital markets, public and shadow... I am shifting the focus of this site to cover the likely decline of the equities market to DOW 4500. Privately I have been anticipating this decline since October of 2009. It was only when the market's reaction on 4/29/2010 -- in response to the Goldman allegation's -- that I believed that a top had been put in. Given now there is heightened awareness due to the "Flash Crash" and the rapid rate that the market is unraveling there is no time to waste. Knowing this will help protect yourself and protect your assets. Ok so I've been watching this right shoulder (this is a market technical term Head and Sholders pattern which usually signals a significant decline is in process or is about to occur) form since October of 2009, and I have been patiently waiting for it to develop. Being that it was an election year I thought that it would take on the aspect of a rounded top and that it would likely move into a trading range until after the election. I also considered that the decline would happen much quicker than the left shoulder top in 2000 and the head top in 2007. However, based on the action since the Goldman civil suit was announced I have concluded that it is failing harder and faster than envisioned. In fact we are seeing the first throes of the downside now. Given the recent spate of the recent geo-political, geo-financial and geo-environmental issues it is adding lubricant to the already slippery slope of a mega downtrend.From a techinical aspect this never looked very good, from a fundemental aspect it is starting to reinforce the dire technical aspect.

In the about me profile, is the main mission... now it's about survival.

Thursday, July 01, 2010

I Christen Thee.... The G8 Deepression!

Remember you heard and saw it hear first! Wow, June was a bust... and it fought so valiantly, with everything it had and then in the last two days it gave up the ghost, and broke a critical level and stayed below it.

William Tell's Must Read Trade List

1. Reminiscences of a Stock Operator, Author, Edwin Lefèvre
2. Japanese Candlestick Charting Techniques, 2nd Edition, Author, Steve Nison
3. A Beginner's guide to Day Trading Online, 2nd Edition, Author, Toni Turner
4. Technical Analysis For The Rest Of Us, Author, Clifford Pistolese
5. Mastering The Trade - Proven Techniques for Profiting From Intraday and Swing Trading Setups, Author, John F. Carter
6. Strategies For Profiting on Every Trade - Simple Lessons For Mastering The Market, Author Oliver L. Velez
7. A Beginner's Guide To Short Term Trading, 2nd Edition, Author, Toni Turner
8. Fibonacci Analysis, Author, Constance Brown
9. Webster's New World - Finance and Investment Dictionary - Your Guide to the Terms, Phrases, and Jargon Of The Financial World, Author, Barbara J. Etzel
A10. The Secrets of Economic Indicators, Hidden Clues To Future Economic Trends and Investment Opportunities, 2nd Edition, Author, Bernard Baumohl
B11. Beyond Candlesticks - New Japanese Charting Techniques Revealed, Author, Steve Nison

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William Tell's TradeCraft

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Who and What I Follow...

What level do you think the DOW will be at in 3 months?

DOW 4500 / S&P 330 / RUA

Thursday, July 01, 2010

I Christen Thee.... The G8 Deepression!

Whhhhhhhhhhheeeeeeeeeeeeeeeeeeeeeeeeeeee!

Subscribe to "on perspective" and "Aimed Daily Market" for July

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FREE "on perspective" and "Aimed Daily Market Report" Gently used

Who and What I Follow...

What level do you think the DOW will be at in 3 months?

DOW 4500 / S&P 330 / RUA

Thursday, July 01, 2010

I Christen Thee.... The G8 Deepression!

Whhhhhhhhhhheeeeeeeeeeeeeeeeeeeeeeeeeeee!

Subscribe to "on perspective" and "Aimed Daily Market" for July

DILBERT! For Those Market Days When You Need A Laugh!

Thank you for your support!

How Can I Improve My Site

Free e-Book Technical Market Indicators

Blog Archive

Site Ticker

_

Feedjit

SeekingAlpha.com: Market Currents

William Tell's Must Read Trade List

My Blog List

Legal Disclaimer