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*WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!

 
Anonymous Coward
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09/07/2011 08:39 PM
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*WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
If you look at the chart I've provided below, you will see that it appears a massive Head and Shoulders formation is in progress.

To those of you who know anything about chart patterns, you know that this is a very bad thing for our economy. When it breaks below the neckline, it will continue to fall/collapse at breakneck speed, probably driving amerika/America into another Great Depression. This next Depression will however make the Great Depression of the 1930's look like a party!

Batten Down The Hatches Everyone!

Something Wicked This Way Comes!


[link to finance.yahoo.com]
Anonymous Coward (OP)
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09/07/2011 08:49 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
bump Because this should be of big importance to all you doomtards!
Roze

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09/07/2011 08:51 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Can you get a graph that compares to the great crash of 1929?
I heard it matches.
Drink liquid vitamins! Try vemma!
Anonymous Coward (OP)
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09/07/2011 08:59 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Some people here on GLP are showing head and should formations that have been forming over just a few months, or even over one year, but they are nothing compared to a Head and Shoulders that has been forming for over 16 years.

My God, That is frightening, and hard to comprehend the serious implications that are involved here.

If you need some sort of comparison between the two, picture tiny Mt Saint Helens Volcano to the Yellowstone Super Volcano.

You can't possibly begin to imagine the downward power and force this thing crashing will have on everyones lives! You have no idea!
Anonymous Coward (OP)
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09/07/2011 09:23 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
bump This is my last bump. I guess there isn't enough people here on GLP who trade the markets. Or no one really gives a damn... but you will soon enough!

Come on people... This is a doom forum for Christ sakes!

Gonna let it die after this last bump!
Anonymous Coward (OP)
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10/26/2011 07:44 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Anyone seeing this?
Anonymous Coward
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10/26/2011 07:54 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I'll bite...what do you mean by head and shoulders? I'm just an idiot with a 401k not a trader
Anonymous Coward
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10/26/2011 08:02 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Whats with the OP beggin for some company then bailing on us?
flavapor

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10/26/2011 08:04 PM

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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I'll bite...what do you mean by head and shoulders? I'm just an idiot with a 401k not a trader
 Quoting: Anonymous Coward 3639588


If you picture a shoulder, a head, and another shoulder you have a shape of an upside down U (head) and two straight lines coming off the area where shoulders would be. If the market graph goes below the second shoulder (first shoulder, up the head and neck and back down) and than below that shoulder, that would be what hes talking about.

It could be in numerical terms dow 5000 riding up to 12000 than back down below 5000.
flavapor

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10/26/2011 08:07 PM

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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Whats with the OP beggin for some company then bailing on us?
 Quoting: Anonymous Coward 3639588


He has another thread going now, his great neice was badly injured by a car and is in a coma. He has been on that thread.

Three little girls in vegas hit by a car, one died yesterday I think, one is in critical condition, and one has been released. The latter two are his neices.
Anonymous Coward (OP)
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10/26/2011 08:08 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I'll bite...what do you mean by head and shoulders? I'm just an idiot with a 401k not a trader
 Quoting: Anonymous Coward 3639588


I'm what someone would call a chartist, and someone who bases my investing ideas on technical analysis (Reading chart patterns, and indicators)

To make a long story short, a head and shoulders pattern is a very reliable warning to a downturn in the markets once the price breaks below the neckline by the right shoulder.

These patterns are seen on yearly, weekly, and even on monthly charts, but when you see one of these patterns forming over many, many years, it is very frightening because you can see what very few people can see. That we are in very big trouble!

If that right shoulder breaks below the neckline, (which I believe it will) this time it will make the 1929 stockmarket crash look tiny in comparison.

The end of the great economic boom is over! Batten down the hatches!

Oh yeah... cash out on your 401k now! A small loss now is better then a complete loss later!

NOTE: That break below the neckline will be around 7,000.
bigD111
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10/26/2011 08:12 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Hey OP, Robert Prechter also called for an economic collapse based on charts he had developed. It is in the cards for sure. No reason for the stock market to be even where it is. Is it all a sign of inflation??? I think it is being pumped up by intervening market forces of an unknown origin, lol.
Anonymous Coward (OP)
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10/26/2011 08:15 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Whats with the OP beggin for some company then bailing on us?
 Quoting: Anonymous Coward 3639588


He has another thread going now, his great neice was badly injured by a car and is in a coma. He has been on that thread.

Three little girls in vegas hit by a car, one died yesterday I think, one is in critical condition, and one has been released. The latter two are his neices.
 Quoting: flavapor


Thread: Please Pray For My Sisters Grandchildren 5 & 6 Year Olds Hit By Car With Their 6 Year Old Friend (Mia Has Died)
Anonymous Coward (OP)
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10/26/2011 08:18 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Hey OP, Robert Prechter also called for an economic collapse based on charts he had developed. It is in the cards for sure. No reason for the stock market to be even where it is. Is it all a sign of inflation??? I think it is being pumped up by intervening market forces of an unknown origin, lol.
 Quoting: bigD111 2923965


It's the final and last attempt to steal all the dumb money, and they will do a complete job this time. Even better then in 1929!
Philligan
in rainbows

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10/26/2011 08:19 PM

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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I trade and had over 100k of my savings not counting my 401k when the market crashed this year. Since then I've taken most of it out...

However this current rally I thnk is ridiculous and based on nothing but retail buyers buying on hope only
everything in its right place
Anonymous Coward (OP)
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10/26/2011 08:22 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Head And Shoulders?

But you don't have dandruff?!

Exactly...
 Quoting: Open Your Eyes


I wish this thread was only about dandruff, and a head and shoulders cure. Funny though.

This head and shoulders formation won't cure a thing. Your wealth will be gone within a day or two, and there won't be a thing you can do about it once it starts!
Anonymous Coward
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10/26/2011 08:23 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Im 43yrs old, i cant cash out my 401k. What should I do with it. Im with Vanguard of that makes any diff to ya. I could really use some advice if I need to move funds to a bond or something
Anonymous Coward
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10/26/2011 08:26 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Im 43yrs old, i cant cash out my 401k. What should I do with it. Im with Vanguard of that makes any diff to ya. I could really use some advice if I need to move funds to a bond or something
 Quoting: Anonymous Coward 3639588


There are some mutual funds
Anonymous Coward (OP)
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10/26/2011 08:26 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I trade and had over 100k of my savings not counting my 401k when the market crashed this year. Since then I've taken most of it out...

However this current rally I thnk is ridiculous and based on nothing but retail buyers buying on hope only
 Quoting: Philligan


It's all an illusion. It's all smoke and mirrors. It's just like the attemt to revive the US Dollar. How, when there is nothing like any gold and silver to back it?

Same shit with the euro. They will crash and burn first, and the dollar will follow.
Anonymous Coward (OP)
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10/26/2011 08:27 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Im 43yrs old, i cant cash out my 401k. What should I do with it. Im with Vanguard of that makes any diff to ya. I could really use some advice if I need to move funds to a bond or something
 Quoting: Anonymous Coward 3639588


There are some mutual funds
 Quoting: Anonymous Coward 3639588


Are not 401k's made up of a basket of mutual funds already?
Anonymous Coward
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10/26/2011 08:30 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Thats where most of mine are. I have 49% in an international fund and 10% in company stock (electric utility I work for) and the rest in some other crap i cant remember
Anonymous Coward
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10/26/2011 08:31 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I trade and had over 100k of my savings not counting my 401k when the market crashed this year. Since then I've taken most of it out...

However this current rally I thnk is ridiculous and based on nothing but retail buyers buying on hope only
 Quoting: Philligan


It's all an illusion. It's all smoke and mirrors. It's just like the attemt to revive the US Dollar. How, when there is nothing like any gold and silver to back it?

Same shit with the euro. They will crash and burn first, and the dollar will follow.
 Quoting: WatchmenOnTheWall


impossible. enjoy your delusions.
Anonymous Coward
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10/26/2011 08:32 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Thats where most of mine are. I have 49% in an international fund and 10% in company stock (electric utility I work for) and the rest in some other crap i cant remember
 Quoting: Anonymous Coward 3639588


I just looked and 88% are stocks and the rest mut funds
Anonymous Coward (OP)
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10/26/2011 08:32 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I had a money market fund, and was collecting $700+ in interest monthly. When the rates dropped, it went down to just over $50 monthly.

I began to cash out slowly taking less then 10k each withdrawal. No questions asked that way.
Anonymous Coward (OP)
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10/26/2011 08:33 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I trade and had over 100k of my savings not counting my 401k when the market crashed this year. Since then I've taken most of it out...

However this current rally I thnk is ridiculous and based on nothing but retail buyers buying on hope only
 Quoting: Philligan


It's all an illusion. It's all smoke and mirrors. It's just like the attemt to revive the US Dollar. How, when there is nothing like any gold and silver to back it?

Same shit with the euro. They will crash and burn first, and the dollar will follow.
 Quoting: WatchmenOnTheWall


impossible. enjoy your delusions.
 Quoting: Anonymous Coward 4101371


Foolish little sheeple, or troll. Take your pick.
Anonymous Coward (OP)
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10/26/2011 08:34 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
BRB... emergency on my other thread.
gebahie

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10/26/2011 08:34 PM

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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I trade and had over 100k of my savings not counting my 401k when the market crashed this year. Since then I've taken most of it out...

However this current rally I thnk is ridiculous and based on nothing but retail buyers buying on hope only
 Quoting: Philligan


It's all an illusion. It's all smoke and mirrors. It's just like the attemt to revive the US Dollar. How, when there is nothing like any gold and silver to back it?

Same shit with the euro. They will crash and burn first, and the dollar will follow.
 Quoting: WatchmenOnTheWall


What's your time frame you think weeks months years?
Anonymous Coward
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10/26/2011 08:35 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
I trade and had over 100k of my savings not counting my 401k when the market crashed this year. Since then I've taken most of it out...

However this current rally I thnk is ridiculous and based on nothing but retail buyers buying on hope only
 Quoting: Philligan


It's all an illusion. It's all smoke and mirrors. It's just like the attemt to revive the US Dollar. How, when there is nothing like any gold and silver to back it?

Same shit with the euro. They will crash and burn first, and the dollar will follow.
 Quoting: WatchmenOnTheWall


impossible. enjoy your delusions.
 Quoting: Anonymous Coward 4101371


Foolish little sheeple, or troll. Take your pick.
 Quoting: WatchmenOnTheWall


The trolls with $4 in their checking acct are pissed
Daers

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10/26/2011 08:36 PM

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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
Can you get a graph that compares to the great crash of 1929?
I heard it matches.
 Quoting: Roze


Found One::

[link to stockcharts.com]

If you notice on ^this one, the chart maxes at 390, while the current one maxes at 16,000... just to point out the "growth"

Last Edited by Daers on 10/26/2011 08:38 PM
Anonymous Coward
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10/26/2011 08:36 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
To those of you who know anything about chart patterns, you know that this is a very bad thing for our economy. When it breaks below the neckline, it will continue to fall/collapse at breakneck speed, probably driving amerika/America into another Great Depression. This next Depression will however make the Great Depression of the 1930's look like a party!


 Quoting: WatchmenOnTheWall


It could be, but you are blinded by what wall street wants you to believe. That is stocks set the tone for the economy.

That is an outright lie, stocks have always been a mechanism to establish prices and build equity nothing else. The macro conditions of the economy set the performance of stocks. It may take years for stocks to finally get it, but eventually it happens as market forces are too big for any individual, group or government to control.

Saying that a market crash will cause a great depression is putting the ox before the cart, the economy determines stock values not the other way around.
Anonymous Coward
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10/26/2011 08:36 PM
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Re: *WARNING* Has The Dow Jones Industrial Average Been Forming A Massive Head And Shoulders Formation For 16 Years? Crash Coming!
When might this happen? Is there a window you're looking at?

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