ShawnZ SELL signal 4 hour chart@Chartmojo shares the ShawnZ Bollinger Band Indicator with us many times a day, ShawnZ didn't invent Bollinger Bands, but they really seem to work... When Price crosses the standard deviation plot lines and then comes back they carry
weight. Notice the 4 hour SELL signal, and last week was a "complex counter trend, corrective wave in Elliot". Wave 2 is a simple ABC and wave 4 is complex, 5 waves, but still an ABC, This is not a 4th wave, but it may well turn out to be the
B wave of a large ABC down.... most of the people in the chat room love to try and predict the future, but the actual fact is nobody can predict with certainty what will happen in any given moment... The measurable, complex 5 waves,
don't always perfectly match Elliot's rules in cases like this, it is 50% possible they turn into a pattern to go up to new all time highs again...
I will be honest with everyone, I am not the greatest trader of all time, not by a long shot, sometimes I make idiotic noob mistakes in execution, but for some reason God gave me a gift of interpreting charts, a visual intelligence,
combined with intuition, which makes my predictions come true way more than most. The proof is when you look back at my 75+ "My Ideas" there is one notable exception when I went long too early in September, but you know what
after enough time that prediction came true and we went up in 3 or 4 days as much as we went down in 2 weeks... Is it bragging or arrogance when we talk about our gifts? I don't think so, especially if we also share our weaknesses....
I don't take credit for often being right, God get's all the credit for making me, just like He made all of you with your gifts and weaknesses.
I am going to leave neutral on this Idea, because as a Trader I am always ready for both cases, up or down, and can flip in an instant if needed... I am looking for a short, but if they decide to rally up to new ATHs again they won't do it without me.
The Trend is your FRIEND.
Good Luck, Kauai Dave
One day I want to open a room, again... I had a room called Kauai Dave's Daytraders, later KD's Trendtraders with over 5000 people in it, 3500 joined the day I opened it on TCNet let me know if you would join.
I would focus on helping people with their trades, and sharing my opinions realtime for 60 minutes or 90 minutes at the CASH Open... You have all seen me trade real time in the room, and being the person I
am I really get off on helping traders who appreciate my help, those who want to argue with me get put on ignore.
