Perma_Pig

Stamps.com - Rare Elliott Wave Combination Ending In Live Time

Short
NASDAQ:STMP   Stamps.com Inc
This type of extended Elliott Wave Pattern is known as a triple-three combination. As you can see, it is extremely complex and ends with a clear triangle.

I have never seen such a complex, corrective wave sequence this clearly pronounced, nor have I seen one of such long duration (and catch the very end of it).

This identification of this pattern is extremely useful in this case - signals that many individual stocks' "upward corrective" trend since March 2020 is coming to end very soon.

I'm shorting this since its as good a chance at catching the top of 132-point drop (initially) as you may ever get.

- PermanentlyCorrectingPig



NASDAQ:STMP
TVC:NDX
NASDAQ:AMZN TVC:SPX TVC:DJI
Comment: Related Short Play Some Weeks Back

Perma_Pig

Comments

good one thank you
+1 Reply
@abel11, not a problem
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Perma_Pig Perma_Pig
@abel btw, love the micron play. hammers are on point lol.
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You expect this to go back down to before shutdown levels?
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Perma_Pig clarkehimself
@clarkehimself, more like hoping so and will take 178 any day of the week if thats all shes got in the near term
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spreads are crazy / any recs for put positions. thanks!
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@vvrr, 195s, next week
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Looking at Wave B to D, the time horizon for this trade will play out over 2 months then?
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Perma_Pig Oatshippo
@Oatshippo, potentially if you care to ride it down to the last penny. have a hunch that the majority of this drop will be very fast - possibly a gap given the chart's history.

Next ER in Feb will likely send it down past that line.
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