I am OUT. This is getting crazy and I am pretty gosh darn confident in this count!! The RSI readings match the wave count as well.
Red Box = retest of the momentum resistance, indicative of a wave 5.
Yellow boxes = I zoomed into just that final wave 5 we've been in for 12+ years and it has retested 3 times!
I'm seriously creeped out.
*My theory is that once the public realizes that inflation will not be transitory and that all their expenses are going up, the musical chairs game is going to end.
No shame in taking some profit at least if you've been in this market for a long time. THIS IS NOT a correction that I can advise you just hold through. THIS IS depression-like correction that's coming.
You're gonna be holding the bag for probably 20-30 years before we get back up to these prices.
Please prove me wrong.
THIS IS NOT FINANCIAL ADVISE.
Red Box = retest of the momentum resistance, indicative of a wave 5.
Yellow boxes = I zoomed into just that final wave 5 we've been in for 12+ years and it has retested 3 times!
I'm seriously creeped out.
*My theory is that once the public realizes that inflation will not be transitory and that all their expenses are going up, the musical chairs game is going to end.
No shame in taking some profit at least if you've been in this market for a long time. THIS IS NOT a correction that I can advise you just hold through. THIS IS depression-like correction that's coming.
You're gonna be holding the bag for probably 20-30 years before we get back up to these prices.
Please prove me wrong.
THIS IS NOT FINANCIAL ADVISE.
Comment:
Comment:
I posted a chart on 12/19/2019 saying that red zone is the danger zone.
I got faked out but basically nailed it.
So maybe I'll be early this time, but I'm confident I'll be right again in the end.
I got faked out but basically nailed it.
So maybe I'll be early this time, but I'm confident I'll be right again in the end.
Comment: