Don't let the zero line fool you, it can be confusing .............. The West had predicted a total collapse of the Russian economy soon after the sanctions were imposed. fast forwar several months to July 2022 and recently they were expecting -8.6% for the Ruskies Economy revised now to -6.6 %. That is a yuge improvement in their expectations for russia. But dig this: Russia will still get hammered but ..... as they are now stating and finding out - by a whole lot less than was expected. For europe ont he other hand they were expecting yuge growth figures god only knows how high but now they are revising that down to a mere +2.6% growth. So, who is taking a bigger hit? Europe is getting nailed by a big hit in growth and Russia which was expected to totally collapse is actual only expected to go down negative 6% approx.
My CALL has been and is that Russia will win this contest. It can cripple Europe and send the region into such a tailspin that a new Hitler could be born as people charge into the streets hammered by Winter as the costs for heating skyrocket and costs for gas also skyrocket. Germany gets 40% of its gas from Russia. They claim they are working on alternatives. But American cannot help as there is no easy way to get the gas there except by ship - tooooooo slow. In essence, Russia has Europe by the kahunas and dig this, Vladimir's style is not to crush the Kahunas, no sir that would be too obvious - what he wants is to inflict sloooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo pain thru' freezing in homes during winter and then the politicians will get together and lift all sanctions and then will have to pay massive remuneration bills as the people of Russia were hammered during the last several months. Vladimir holds the Aces.
One of my sources for Fundamental Info to keep pace with what I see in my Technical analysis weeks or often months ahead of cracks appearing on the concrete on the ground
Use Vix 1H as your backup confirmation. I have been trying to improve the shock symbols for Vix to facilitate clearer signals and am still working on it so its a work in progress So let's try this 1H setup for now. On each white arrow one can add to Long if there is a breakout on arrow #1 http://tos.mx/QLVOmIq
Game Plan for Thursday July 28th, 2022 Will be looking for Short entries into QQQ ............. same-o, same-o exact same continuation chart on the 5-min. timeframe. Things cannot get any simpler than that ................... If I enter Short the Stop will go over the current top ont he 5-min. chart unless otherwise stated. I have no idea how this will play out but it would not surprise me if I get shot off my horse a few times as I try to find the aborning new downtrend. If the Qs keep going up, I am not going to do zip. I will not go Long and will defo not go short. http://tos.mx/lTSJMJj
Nine_Ender will notice that the entire recent move from south to north started and ended at MY precise levels outlined as 23.6% and 38.2%. (see the dashed lines and look to the extreme left for the text. Or create the same grid on your screen, its easy enough, no big deal, not rocket science. A girlie who visited me today read Nine_Ender's post - i.e. his very first post to me. She was shocked and asked me, "what did you do to this guy to deserve such shocking abuse?" I told her not to fret, that its ET, traders talk this way and all day long tear each other new ones!!!! Her response? "I don't think I can handle that kind of life style!"
When Q gets down to $262 pls be ultra cautious as the level is the 38.2% support with 12 battalions waiting to support and reverse the drop. So be nimble be quick and decisive if you smell a rat. On the other hand the drop will be a 3rd of 3rd wave so the support could just get blown to smithereens in one quick shot. I don't know. But one has to be prepared. When 38.2% breaks Q will defo go down to the 50% level. Defo! But 38.2% must first break decisively!! Wait and see!!! We rely heavily on Overnight's expert work on GDP and some of his own interpretations
Its a beautiful thing when a major Index honors yours truly. Its a boon when many of them honor me. Can I profit from this? Dow Jones transportation Index hits 61.8% and whistles at yours truly as the golden ratio at least temporarily halted her DJT daily http://tos.mx/Ryh1YAg
Thursday morning 8:00 AM Pacific 7/28/2022 QQQ Short @ 302.65 when it gets there. Will look for higher entry now so I can catch the Top