Reviewing thus far: TOP called within a mere 19 points of the Nasdaq Composite high. Q.E.D. = OK = done
See quoted text for point # (2) (2) is now activated and we are on Sept. 19 TOP-validity watch!!!! Q.E.D = OK = done
see quoted text first 14.6% support that generated alleged slingshot power: as stated only a support lodged firmly in the brain of the HERD as is the Fibonacci sequence can make Price behave like a madman, Nazzy's brother the Dow Jones went 600 points north and south total displacement in under 30-min. Whew!! Q.E.D = OK = done
see green quoted text first for last mention of the slingshot power - trading for short-term profits Q.E.D. = OK = done
OK then, moving forward into Sept. 19-TOP-validity watch: Slingshot rally off the 14.6% support is OVER IMHO = no more trading short-term but as stated earlier left all the DAILY timeframe SHORT bread still IN - STOP for the latter is just over the Sept. 19 TOP but I could modify if at will if necessary. Confirmation that rally is over is if Nazzy Comp goes below Oct 22's 60-min. low. IMHO said low is the rally's wave 4. For even quicker exit for the lingerers who want to get out run a trendline thru' said wave 4 low and extend it and if broken, take money out and run or reverse
Where did Nazzy Comp's rally end thus far? At exactly AfterLOS magnificent proprietary TRENDLINE. She kissed it. Now we wait for the clean getaway after the kiss. Said getaway should be a rapid bolt for the south. What about seconds? Possible. For Nazzy Comp. all the way from the March 2009 lows I have only 2 trendlines of significance and both are broken, but the kiss occurred at the upper trendline.
Re: Slingshot rally off the 14.6% support is OVER IMHO = no more trading short-term HERD's implant: How far did Nazzy go? I was expecting a dead stop and reverse at 61.8% = golden ratio derivation = attracted to it like a magnet especially because this is a wave 2 rally = still high optimism as in FREEEEEE money, FED PPT etc., But Nazzy stopped at 61.8% only to give me my wave 4 for which I'm grateful and then continued north towards the square root of the golden ratio aka 78.6% and stopped before the station.
Can I be wrong? Do birds fly? But a MAN gotta take his best shot. That was mine - at the current juncture of what I know this is the abs. best I could possibly do. So there will be no excuses ifs ands buts bla bla. That's my best shot. 6 months from today I will be twice as good and so on. But its always only NOW that counts and that's as it should be. Nasdaq hand me my head on a platter? Hey, I have neither dignity nor pride left. That's quite alright with me.