Monday, March 28, 2011

Egg of Doom, Log Scale

Here is a link for those with Stockcharts membership, for the Egg of Doom

Egg of Doom -- Log Scale



Here is the Egg directly.    PLEASE send a link of this page to 2 or 3 of your friends who may be interested.   We are at a crossroads.

14 comments:

  1. Thank you again for posting my new egg. I wrote in the chart that I experiment with a lot of things looking for structure and orderliness in markets. After I sent you this egg I remembered a previous discusion we had...

    Hawaii Trading was the first spot - I guess only spot - where I ever saw an egglippse. I started playing with them after one you posted. I suppose for that you have somewhat exclusive rights to my egg pics. I hope your readers enjoy.

    Hope this helps Bucky! We are near breaking that second last fib fan line this week. We might head back down to test the bottom line and then the egg one more time. Or we bust the egg to upside and scramble up the fibfan to new all time highs. Either can happen...

    Cometo

    ReplyDelete
  2. Uh, so officially, you are predicting the chance of Scrambled Eggs??! :-)

    ReplyDelete
  3. yeah, we might scramble the egg, it would almost guarantee new highs in my mind. I think the odds are better we drop here. I have other charts and indicators that show long term "over bought" conditions for like twenty years but that also indicates how long these conditions can last.

    The MACD on this chart shows we might dip into a sell condition for the first time in a long time. I've only been doing this a handful of years but have charted my own path after wasting a few years with guru clown asses. I don't have enough swear words in my vocabulary for them and in any case that is inappropriate here.

    It is amazing how little any of the "experts" seem to know. We are on our own as I see it. I do have a small set of what I call my "dead advisors". Guys like Gann and Livermore. I like to read them and trust them a bit because they aren't selling anything.

    I don't know that they had any great secrets but sound basic advice. Stuff like - "market can stay irrational longer than you can stay solvent", "most important thing is to not lose your capital" and so forth. It is all easy to say but harder to do.

    No sense crying over a broken egg, just don't stay short if that is your position - you sound bearish. Grab some OJ, crispy bacon and toast and enjoy the ride up in that case.

    Not so hard being an expert after all is it? ;)

    Cometo

    ReplyDelete
  4. See new post on NWO, really that is the 800lb Gorilla in the room.

    ReplyDelete
  5. OK, I'll bite. See my reply above

    ReplyDelete
  6. Thanks for sharing your work. I often now look for eggs when I look at charts.
    So thanks to you and Steveo both.

    And Livermore's rule on not averaging down is the best.

    ReplyDelete
  7. Nice....George Bayer,a less well known contemporary of Gann's was a big believer in ellipses,I believe

    ReplyDelete
  8. Indeed, the Egg is the simplest way I know to combine time and price in once tasty little package.

    ReplyDelete
  9. Excellent work Steveo.

    I will like to my blog shortly.

    PW

    ReplyDelete
  10. great chart, thanks for sharing

    ReplyDelete
  11. How much is a dozen of eggs in Molokai ?

    ReplyDelete
  12. $3 to $6, but plenty wild chicken, bring your slingshot or pellet gun

    ReplyDelete
  13. I read your post . it was amazing.Your thought process is wonderful.The way you tell about things is awesome. They are inspiring and helpful.Thanks for sharing your information and stories.
    Stock Tips

    ReplyDelete

Insightful and Useful Comment!