#1 warning: on ignore on next stupid shite. Been here 14 days, nothing wrong with the place, great facilities, clean restrooms, good coffee, but but but stacked to the hilt with traders who have just not done the work or put in the time. And want to know the worst? Its when you combine such ignorance and sloppy approach in going up against a towering obstacle like Market, with arrogance and haughtiness hidden behind fake identities. Sheesh, in real life on the ground any businessman os substance would fire such retards on the spot. No doubt my head will roll first out of here, but anyone like the dummy in video at 6:53 will be shot To Ignore at breakneck speed.
Here's the latest Daily chart move in Crude that bone is struggling with, nickel and diming on small timeframe charts. Akin to receiving a letter to come and take as much Gold as you can from a place loaded like the Old Fort Knox. But you take a Ralph's shopping bag. Look at wave 1 down. Markets 101 tell trader the high high probabilities lie with retracement to at least Golden Ratio 1st level 38.2%. So at the very least at least up to here. So why oh why oh why talk sooooo much gibberish all the way on 2 min charts?????? hahahaha. Its a Tony Robbins talked about type insanity, But wait it gets better. The most common retracement for any and ALL instruments is 50%. This is why I posted to bone's thread to TP when Crude hit 50%. He could have been at the beach in the interim but no he wants to doodle with the 2 min. timeframe Penny wise and pound foolish. They're all here in spades. Now it gets to the pros. In a wave 2 correction there is a strong likelihood that an instrument will go to 61.8%. The Golden Ratio. But can reverse sharply and cost you profits if not nimble So why bother. You made a ton already, go place it elswhere. The juice has already been squeezed nicely. Leave the last drops for the homeless folk, they got a right to make a profit too. .
20-min timeframe: SPY: wave 2 up still in progress Vix: bouncing off Golden + 200 support. juicy big green bar on Vix is what I'm waiting for.
Spy support at 38.2% broken, heading to 23.6% support. None of this means doodly unless the low is taken out with aplomb - only then is Wave 3 confirmed to be in force. Of very important implication is that SPY yesterday gapped up and rallied but came up just shy of the Golden 61.8%. Did not touch it. Suspicious? Yes. So I would not be surprised if Spy rallies again to hit61.8% at 282.3
Boeing: EPIC BEAR in force, Bankruptcy inevitable. hahahaha, I told you ET is the last to know or find out, always late to the party, never see anything TURN coming because they extend an extant bull or rally to infinity. They are doing it with Boeing. They just can't let go. They cannae imagine a 40 year uptrend EVER reversing. Chino will exact solid revenge by flirting with Airbus (happening now). India on same road. France tooand others.
Boeing: when a juicy big red bar punches a bill hole in the 200-day, it will be the start of Boeing's waterfall decline.