Thursday, August 27, 2009

PIOTR STIRRING THE POT

Piotr dumping on Dano's party tonight......hehehe. I post this because it is an alternative thought process that reflects more along the line of Kress Cycle theory.....Do I know ......nope....but this market with quantitative easing......just beware... and be very cautious. Do not jump on ANY bandwagons...

Hello Dan, hello everybody,As I wrote earlier I work with my Professor and a team of scientists at Uniwersity of Berlin. We work on forcasts for our government. We deal with all worldwide economy aspects. Many people here asked me many questions. Today I have written that I will post my comment if I know something most seriously specific and accurate. We have been working hard and have completed a forcast for your market.Why do I want to help you? I have a huge sentiment to Ellioticians because my work started from learning EWT many years ago. We use it as an additional tool and I realize how huge loses it may cause to look and wait how waves develop and multiply and we do not know where the end is (zigzag, double zigzag or maybe triple zigazg?). It gave me a big painful lesson many years ago.You have a choice if you follow my clues or not, but at least you will perhaps be more careful with your trades.I want to emphasize that I respect Dan's work very much and I admire him. His ability to label the counts are extraordinary. But at the moment none Elliotician knows where the market is going to and where it will top.So the US market will not top in a few days. The prices of your indexes SP, DJI will be going up for one and half a month (1,5 month) and will reach the top in the first half of of October approximately in 30-th day session from now. Then the index will be falling about 14% from the peak for two month's time.Please do with this information whatever you want. I wish you a lot of success. Piotr

14 comments:

  1. He is interesting. I asked him his forecast re: gold. We'll see. Did you look at that matterhorn article. It suggests gold >1500 in '09. What does Joe think of this.

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  2. Joe says that is possible ..probably not though till end of this year or May of 2010...before we get a climb in gold we "should" get a pullback in market in september or october with good dollar strengthening and gold tanking......but shoulda woulda coulda....

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  3. Thanks. Made me call my gold broker today. She also said to expect a pullback near 900 prior to buying more.

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  4. CVM looking good Kli, thanks for the tip!

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  5. Still riding Citi! KLI, I owe ya a beer for keeping me focused on 1100. Thanks man.

    Gold is hard to play in my opinion. It doesn't always follow fear. SKF,UYG,FAS,FAZ all followed fear until GS took over.

    If I was going to buy gold, I'd go very long on it. It's hard to play trends or daytrade.

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  6. gold not a play .......its a way to get rich thru the miner play if they knock um silly in a month or so.........potentially physical gold can also explode.....but not as clear yet.....due to central bank manipulation..but that can change.....but if you think P2 was a hair trade.....the next 2 years are going to chew up bulls and bears much worse than the last year........MUCH WORSE

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  7. kli,

    The real correction of 20% will start around September 21st and last till end of October. Any down day between now and September 21st is just a head fake. After the correction market will start going back up in November & December.

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  8. "At the moment, we are seeing some relief of the deflationary pressures that commenced last fall with the collapse of Lehman Brothers. However, I think this bounce up, which Dr. McHugh labels as the "B-Wave up," following the initial "A-Wave down last fall, is merely a natural correction of last autumn's decline. So now, we are in this "B-Wave up" that McHugh expects will continue probably up to or around the third week in September. Following that we believe all hell could break loose to the downside in the equity markets. "
    http://news.goldseek.com/GoldSeek/1247256615.php

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  9. My thoughts are same anon that highest probability of correction will not be first of september although will not rule that out as a choppy time but that real selloff begins towards end of sept

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  10. Wonder which is worse half truths or half baked potatoes? Everyone can see the same Kress Cycle coming up. Too claim a student gets the inside scoop and understanding on the Reich's secret economic modelling and wants to "help you..ewt" is sure formula to stay at the bull party too long and catch the falling knife on the subsequent decline.

    EWT always has at least 2 counts, counts can be manipulated more easily in the short term. Kress also can be manipulated in the short term. Both are not very useful with magnitude especially on the parabolic end. Both rely on functional systems, especially for the short term, systems going flatline due to unforseen externalities or a real black swan event, they go flatline like heart attack patient and then need an economic defibrillator to get them back up.

    The parabolic blowoff or "unexpected" drop off will be designed to trap as many bulls and limit as many bears' shorts as possible. Anybody trying to trade this clown based on a strict mechanical academic study and altruism based on "a big painful lesson many years ago" will likely get burned. Any system that is known by more than a few insiders will eventually fail once a critical mass of participants catches on, including exact timing dates.

    Anybody still trading over the past year and not working for GS will have painful lessons still being learned. The biggest lesson should be how does your portfolio or strategy stack up against constant, arbitrary, and heavily biased policies towards a few investment banks and their well heeled clients by central government interventions in the markets.

    The equity markets are the least important at the moment or going forward for that matter. The biggest problems are still in the bond and currency markets.

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  11. One further note of Piotr Central Government fairy tale happy ending hope. The 14% drop over 2 months after Piotr would not even qualify as a correction and would fit happily with the PTB target well above 1200 by year end and totally ignores EWI and Kress , China wanting to hold the bag or swine flu or the total collapse in some commodity markets. Yeah keep drinking the kool aid and don't worry about the flu this season while Piotr is at it.

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  12. Gs will fail one day it is the biggest hedge fund of all times... their leverage is 1:1000 as we know of...and the congress wudnt bail em out cause there wud be few useless bailouts prior..

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  13. Lets have Piotr and his Professor Faust vs Prechter on Techticker. Gloves off. That shud be fun!

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  14. I don't see a conflict with Kress or your points immred. Continued easing will not "save anythin" but it can keep the scam going longer than EW thinks which is what Kress is saying. Google Kress and you find very little in relation to EW. No books . very narrow school.

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