DaddySawbucks

DaddySawbucks Updated 

Chart says it better than I can. Moving up from oversold. NFLX put a damper on it but that won't last long imo. Move above 4480 is bullish, eh? Take a look at Dec 2018 for the pattern. Double top at a lower high after decline from ATH, before the massive selloff. The projection as shown is for an EW impulse. Might get it, might not. See what we get! No position...

DaddySawbucks Updated 

Yeahhh... baby dig that rare bird the 7th Elliott Wave. These used to be once in a decade structures, now we got two within six months if this plays out. It did this in November. This is a distribution pattern. Just when you think the damned thing is gonna bull, it rolls over again... and again... and again. Monday 18th ought to finish bearishness if this...

DaddySawbucks Updated 

Typically these sell halfway back to support mid-pattern. Double topping / rejecting from 4600 price zone. Weakness in small caps and DJT may signal reversal soon. Be wary, be safe!

DaddySawbucks Updated 

Probably close to a meaningful pullback zone at the .62 fibo from Jan 3 highs. OFC it can always creep higher, been on rally 9 days now, usually means a dip to be expected. Overbought in every timeframe now.

DaddySawbucks Updated 

Perfect stop up at the Fibo. .62 retracement of correction, a Fomonacci high. This has been a pure technical rally in face of most worrisome bad news in years. Meme stonks back in action and FOMO drives higher nearly every session. Would not bet on getting a lot higher but ofc it can always creep up.

DaddySawbucks Updated 

Pumped to .786 nonstop. Last massive pump in Jan looked a lot like this and lasted a week. Overbought on evry timeframe, lol. Pullback to some Fibo seems likely IMO. Bear breakout, bulls are back in town. Get ready to buy the next dip for an April run to ATH.

DaddySawbucks Updated 

Update from falling wedge idea. ONE MORE flushout low is likely IMO, lower arrow. Will complete 5-EW down, far below 200 DMA. ANY positives going forward will be an excuse to breakout. Retest of wedge TL at upper arrow will confirm. Bullish impulse may follow. BE WARY: Entry into WW III, worsening conflict in Europe, invasion of NATO member nations will...

DaddySawbucks Updated 

Get ready for a face melting monster rally EOM into April.

DaddySawbucks Updated 

Watch for it, see if we get this. Early March could still get quite bearish. War rallies tend to be impulsive and fierce. It's relief from uncertainty, but doubt recurs.

DaddySawbucks Updated 

When the former Soviets roll over Ukraine you can expect the measured move depicted IMO. Maybe you don't care to play shorts, but think carefully about holding longs. might not be prudent at this juncture, eh? NB: An expedited closed FOMC meeting is scheduled for Monday 14 Feb: www.federalreserve.gov Advanced Notice of a Meeting under Expedited Procedures It...

DaddySawbucks Updated 

Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion. Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay). Moving up from oversold on RSI, wave trends indicating buy signal.

DaddySawbucks Updated 

Just a thought... so very beary, so many putholders, looks like the bottom about to fall out... just before a massive face-ripper?! Maybe not a great idea to buy anything, just sayin' shorting it here could be a bad disappointment too!?! Trade with care!

DaddySawbucks Updated 

Read Wyckoff, heed the master. Having reached an ATH, big players prop up share prices in order to distribute their supply to retail investors (YOU!) at highest possible price. Tops take months to unwind, this one now going on for three months and probably gonna get one more massive bear flag rally after this selloff corrective structure completes. Pls read the...

DaddySawbucks Updated 

Progressively lower volume as the pump goes up. RSI way overbought. Dump likely, perhaps to a higher low at former resistance line. Not advising to short it, consider taking longs risk-off.

DaddySawbucks Updated 

Maybe halfway down the flagpole. Had a pennant form around 4700, usually a continuation pattern. Might get another waterfall straight off, or a B wave and then lower. 50 DMA likely target for support. Be Real Carefull about Buyin this Dip, these dots may not be done dippin. A bounce is certainly possible before lower, wouldn't bet on it. We had two weak...

DaddySawbucks Updated 

Most impressive rally young Jedi, Bearbegone has taught you well! But now you will learn the true power of the Short Side, my young friend! LOL get long if you dare! Lord Wyckoff has not yet spoken his last line in this play.

DaddySawbucks Updated 

Chart says all. Correction is not over IMO and you ought to expect a much deeper pullback before plunging long. DYODD; GLTA!

DaddySawbucks Updated 

Prior ABC Ideas closed for blowing through projected pivot; we're dealing with a monster here, not a garden variety correction. Topping formation in Wyckoff distribution. Will sell like Hell, then bounce back into a lower high zone, then sell again... and again. Looks impulsive. We clearly in Three not a C, which should've turned today. Three typically = 1.62 x...