Repeating post #892 as a refresher for historians Reasons for cashing out now My Internship had started out badly with some losses, some gains, some confusion, some mix-up, some consternation. But this latest segment has allowed me to have a totally clean slate Nett GREEN! .... for my First month in Internship. I'm a happy camper. I'm satisfied. TREND RIDERS have said unanimously that nobody has succeeded in coming out of a bend in the trend without 12-30% nett losses I am now an exception. I have zero nett loss in this first attempt at the bend in the trend. The bend in the trend is not over as is clearly self-evidetn by virtue of the 200-day ema on QQQ holding up pretty well and doji-ing like a son of a gun. I want to do a review of a couple of things that could trip me up in the wave count so this time flat even for a day or 2 or 3 will be helpful. Nett GREEN! Nett GREEN! Nett GREEN!
Thread BEAR market Call is in full force and vigor, no hesitations, still at 100% without any reservations. Dow Jones targets 18,000 .............. 100% odds 6,469 .............. 100% odds 4,400 .............. 90% odds ------------------------------------------------- worst case scenario DJI goes to 2500 the region of 1987 crash. Odds of this are 40%
DEATH CROSS in SPY & QQQ still in effect on August 18, 2022. Both have such feeble volume for the entire bear rally that it could be said they are running on fumes. But the 200-day support for QQQ is holding my punch back. I cannot and will not release big power with the 200-day as an adversary. The 200-day ema has my utmost respect.
Hahahahahahaha, Goddamn the Ignore function is working and boy does it work in a sexy sort of way ............. Just came back into the thread to see Ignored member's post all blank but his bum is pointed straight at me! Lord have mercy, its too early in the morning to partake. Bloody Hell, this ET is so much fun. The monk bought lunch Yeah, he bought a little
Just gonna throw this out there for any bystanders watching this soap opera. The long term wave count from the early 1900s. Bob Prechter in his book on EW theory published in the 80s, had a good picture of the situation up to that point but he counted out the fifth wave as ending in the 90s. Later he updated it to an extended fifth that ended in 2008. And in 2011 I had his advisory service where the count was trying to justify a top, with a very complex corrective wave. When the indices made a new high, they revised the count into a compounded impulse wave instead of the weird corrective wave. That really turned on a light bulb in my head. You can count things up in several ways and there are very few times when you should do anything based on a count. And now, the Wide Tailz count. Really nothing actionable:
I was absolutely right, right, right, right, about the 200-day ema on QQQ holding up the dump. I have proof, solid proof. It was a hunch yesterday but today it is soy-tenly verifiable technically QQQ locomotive forming a Topping pattern on 30-min or 60-min. The neckline from left to right runs right thru' the contact point of the 200-day ema with Price. The juice is th en divided all thru' the length of the neckline. When the neck line breaks we will get the shortissimo goodies.