Overnight, put the money in dividend stocks and earn big? Yes, but not in a BEAR of the degree ............... Capital will be eaten alive by BEAR, so dividends in comparison will be insignificant SHORT is the only way to be in a BEAR .............. 95%+++ stocks overall will be getting hammered and by the end of the BEAR, a few years down the road, most will have vanished off the face of the Earth. Now, let's talk about the 30 million that is sooooooo bothering Nine_Ender. But notice how no matter how much and how frequently he dismisses the notion of big money, he keeps returning to my threads - one would assume that anybody who doubted significantly would have zero interest in even hearing or reading about the million dollar pizzazz No, baby, Nine_Ender knows he is dealing with the real thing in yours truly and it is crucifying him. To save face he has no choice but to denigrate the numbers as unreal. Another way to look at the numbers ................. upper middle-class to into 25% of the rich people spectrum, buying ans selling stock worth 30 million to 200 million is very common. Its nothing to go on ooh aah wow etc., its common practice. Now WE at this level are not in the league of George Soros who deals in billions. so you see that no matter how much one has in terms of money there is always others out there who have way more that will make your stash look like a 5 buck note. That's just he way it is .................. see next post for specifics of my intended play of the BEAR in terms of strategy with huge gobs of dough
Overnight, Re: 30 mil trades Here's my strategy: Very few trades per year but my goal is to average 1 million in nett profit per month. Look at your chart of the SPX for the bear rally from June 16 to August top. That leg with my new strategy would give me much more than 1 million in nett profit for just that one l2-month duration leg. As long as it averages to at least 1 million dollars nett per month, I'm achieving my target. 12 million dollars per year in nett profit from just riding the QQQs Long and short, yes Long and Short.. only INTERMEDIATE countertrend moves will be traded, not iddy bitty small waves. To make 1 million dollars nett per month one has to go in with 30 million in orders and above. I f you take a look at my yesterday's play wher I was of course unsuccessful to get a LONG trade going ............... you will see 20k shares orders too. So I do 20k shares per order when trying to nail a good entry and will try to buncht them up as close as possible to the bottom of the Qs but only as I get validated that on 5-min. things are gong my way. Then at the top of wave 1 as shown yesterday if the market exceeds that level it means wave 3 north bound is underway and I could go 30 million Long to 300 million Long or more. For me to put 300 mil into Long or short Q is not a thing that disrupts my sleep. I can do it but I want to go with 30 mil first, then 100 mil, then 200 and then 300. That's how I want to play this thing. Now yesterday for example, any one of the 20k share entries coulde give me a loss of $100,000 = 100k dollars in loss due to stop placement. A 100k loss is a loss but puny and won't affect my stride not one bit. This then is how I am playing the market.
Summary update: NO Long trade has occurred. I am focused on a LONG trade to test the Aug high. Once done, if correct, thereafter will be all Short trades until the next bear rally intermediate play Still all NETT GREEN in my Trades.
QQQ 5-min. yesterdays action. If the low is taken out, the pattern is null and avoid as Wave 2 cannot take out he origin of wave 1. MY called LONG move expectations shown in QQQ daily targets are either 61.8% or 161.8%
QQQ daily targets for my called rally to test August highs. anthing else that happens and I am WRONG WRONG
I'll admit, I wasn't expecting the five wave down, but your forecast looks sweet. No one is expecting a bounce that big....
Disappointed that 61.8% failed me this time. Its rare but is sort of to be expected in a wave 2 decline. Dow and company have taken out the lows but Nas and Q have not. Wave 2 can retrace up to almost 100% of Wave 1 but I get more and more skeptical once 88.6% is crossed.
Nobody is expecting this! NOBODY. I've checked around even called Goldman, a gf works there gives me the inside scoop. NObody. They are all on the bandwagon, no rally possible, no let up the crash of SPX continues and continues no let up. Can't make money following the crowd - in the long run its suicide
It's fun to argue both sides of a case, and I do this with EW counts and the fundamentals, as a sanity check. So I'll argue the bull case (since the bear case is pretty obvious now): 1. USA real estate and stocks are the least worst option for money fleeing the economies of Europe, Japan, China, Sri Lanka et.al. and the US dollar is getting a bit expensive as an alternative 2. The market has been operating on a "max frustration" mode for the past 6 months, whereby normal trend following techniques just get you shaken out. And CTAs are now short...... 3. Now that QT is beginning to double in rate next week, it's "buy the newz" time 4. Now that the "pivot" narrative has been obliterated, a new one will emerge next week as the tape rebounds from extreme oversold 5. War is great for stocks and commodities, and it's getting real out there with energy costs skyrocketing in Europe. The citizens are about to revolt, and their masters are going to take them to war on a larger scale than just Ukraine to keep them occupied 6. Vax deaths are ramping up and while that's bad for insurance companies, it could have some form or reflexive relief on fiscal budgets who would otherwise have to pay out pensions 7. The market is a machine of inflicting maximum pain at the end of the week, especially at opex events, and we are on a long three day reset.....