w3bb3r

Elliot meets Gann on NAS100

Long
FX:NAS100   NASDAQ 100 Index
Firstly this is not financial or trading advice - Just something to watch for.
This is the continuation of my Chart posted on 4th of December that gave us the the NAS100 Top price and bottom dates months in advance.

Going to continue going against general consensus.. Lol

This chart was based on Gann's Natural pattern of time. Time cycles are everything!

Lets watch what happens from here
Comment: 2020 Price Panic.. Good old Gann strikes again..
Price dropped down another Octave and it left me scratching my head to what the hell happened. So i looked to a Market legend for an answer and boy did he cough it up.
Warren Buffet (https://markets.businessinsider.com/news...)

The outbreak shouldn't affect what people do in stocks, Buffett said in a February interview with CNBC
<-- Meaning that he is well aware of the natural laws in play

"The combination, actually, of the coronavirus and what happened with oil over the weekend, that's a big one-two punch," Buffett said.

In terms of Gann what does this mean?? So i charted Crude oil using the LOV from the low of 1985...
Voila a real "big one-two Punch"
2 Major markets accumulating at a shock point very close to one another

Buffet continued:
Still, the 2008 market collapse was "much more scary by far" than anything that happened on Monday, Buffet said. He also said it wasn't as bad as the crash in October 1987.

This is because the single largest key factor that was present in 1929, 1987 & 2008 crashes is not present now. (Here is my heads up for free -> be very cautious when Sun is at 02°Li 54' in 2026).

Take it as you will, there is some Big money in play at the moment (Gold is a good tell tale sign). I am yet to update my chart but i will when i get a chance. I see blood in the streets Friday/Monday markets as the Mum & Dad investors react with Panic for Trumps travel ban & big ticket events being cancelled all across the world. There has been a lot of money exit gold, that has not entered markets yet.. This is shaking the weak hands from the traditional markets and they will be ready to react at the bottom.
Comment: I have let the dust settle on this one a bit. time to update my thoughts.
I feel like today - Trump smells a Rat in the markets... He rejected the democrats ridiculously green deal (WTF??). Also Indicating that he wants to put Americans back to work by Easter amidst the "Co-Vid19 Pandemi"'...
It will be interesting to see what happens from here and i am not pretending that i do know. I discussed the "Price Octaves" last post and i just wanted to explain what i meant by them.
First Impulse was the Natural position of the market but we had another shock at the same time. (The oil prices) and on top of this there was particularly good timing on the outbreak of Co-Vid19, which as you can see i see as the least of the markets worries. The fan on this chart, is the original fan as posted at the beginning of last December. So i still feel we are well within the limits of what was predicted.
From here we need Oil to find a bottom price and we can look to recover some more.
Interesting days ahead with Corona, oil & the markets..
Above all Stay Safe.
Comment: I don't really ever need to actually update the idea, as that is how real prediction works. You read the cycle and you lay down that information as best as suits the situation you see. Sometimes a spanner is thrown into the works like the Oil cycle overlapping with this cycle. However I think that we continue on as planned. I am of the opinion that there will most certainly be a retrace if we hit the previous top price again ahead of time. I have given a rough idea of how i believe this will play out, but i am only speculating on these moves as the major movement is my main prediction. Where you come unstuck is when you try and play all the movements between a major movement. So much for all of the mainstream ideas, i hope by now you can see they are useless and part of why this works like it does.. Mass psychology at it's finest.
see you again after the next big move is made...
Comment: There we have it, still on target!

Comments


Here we are... Again... A moment to watch.. Our first big move.. This is our first bit of action for a while. My original chart had us retouching the previous ATH around the 21st of may. So I think with the extra price shock things are ticking along nicely. Time is a little late to the party - meaning we may not pullback or as hard from the resistance of the previous top as I was predicting. This is one of the greatest bull rallies in history - called back in December, and the party is just getting started. Many TA guys will tell you that wave 5 of this ideas was invalidated when wave 4 broke below wave 2. And in the perfect universe that may well be the case but in nature when a tree gets damage from a storm, life just grows around it and the tree continues to grow past that defect. Nature already has wave 5 in play. Of course we know in advance that we must be cautious of this rally around the 11,700 top area and everybody laughs that it will not sustain that above the previous ATH... But they all had this rally pegged as a ghost rally, or a dead cat bounce, overbought and cactus days after it started. Let's watch it play out.
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Love the chart, thanks
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w3bb3r cryptochell
@cryptochell,
Check out the chart from December for the rest of the story
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