Dr_Roboto

Dr_Roboto

Pattern looks almost identical. Something to keep an eye on.

Dr_Roboto

MACD during dot com bubble was ATH at 486 until recently. NASDAQ MACD currently stands at 549. You can also see it starting to roll over and make a clear tip. Is this the end of the rally or will there be a small down turn and then yet an even higher push like the dot com bubble? Zooming in will allow you to see the tip/rollover better.

Dr_Roboto Updated 

Is the NASDAQ double topping right now? I laid out the waves since the start of the NASDAQ using dot com bubble as wave 1. I have always had the top before the March crash at a 2.0. I always though that the NASDAQ would be in a corrective wave like the S&P 500. However, it was so bullish that it look like it has formed an other motive wave to push beyond the 2.0...

Dr_Roboto Updated 

More of my musings. Looks like the top is still a good 15% away and may take until the end of the year to get there. The power of FANG-FAAMG is ridiculously strong and this rally is completely momentum based. The entire market is hiding out in this small handful of stocks. It is going to be ugly when the money moves out and it will eventually. The key that I have...

Dr_Roboto

The likelihood of a tech bubble gets more likely every day. Given that as the base rational, I have laid out a potential motive waves for Apple.

Dr_Roboto

Noodling through the data and the corrective wave model just does not seem to fit quite right. Every time it approaches a standard fib level for a correction it just keeps going higher and higher. It is now past any models that I have seen published. I tried laying out a motive wave on it and the following chart is what I got. I just not sure what to believe....

Dr_Roboto

Setting up to make a nice double top before a serious corrective wave.

Dr_Roboto

Overlaid H&S on my wave analysis.

Dr_Roboto

Clean and simple wave analysis. See chart for details.

Dr_Roboto

If my waves are correct then in order to make a 3 subwave, corrective wave B (1.0 wave 1 and 1.618 wave 3) the S&P still needs to push a little higher before wave C. Could it go as high as 3360 this week? This is not trading advice. Hope it helps and good luck.

Dr_Roboto

Update of wave analysis. If my waves are correct, then we might break through the 0.854 fib level and reach 3333 next week. Maybe a gap up Monday or Tuesday morning? The question then becomes do we push all the way up to 3460 to make it to 1.618 of the first wave or does it rollover instead. I am still very confident that we are coming to the end of a corrective...

Dr_Roboto

Wave analysis seems to indicate that there is still one more push for the S&P to hit 1.618 from the bottom. After that it is wave C of the correction, which is a long way down.

Dr_Roboto

Motive waves that go exponential always end in a correction back to the mean trading channel. Time frame and shape based on corrective from 2018.

Dr_Roboto

Call me a mega-bear or crackpot, but I think the NASDAQ has ended its run. Anyone following me knows that I can be a bit manic, but my last 8 part series clearly has me back to everything is downhill camp. That peak last Friday aligns perfectly with core tech stocks hitting their 2.0 fib levels from the bottom of 2009 (Google, Apple, etc) and puts the NASDAQ at...

Dr_Roboto

Still a little left in this rally?

Dr_Roboto

Here is the culmination of my last 4 months of technical analysis of the stock market. I looked at important growth stocks of the past and where they are today. From that analysis, I applied the lessons learned to todays market. 1) Growth stocks break out of the mean channel of wave 1 to finish wave 3 and 5. Average stocks stay in the mean channel. 2) The...

Dr_Roboto

Here is the culmination of my last 4 months of technical analysis of the stock market. I looked at important growth stocks of the past and where they are today. From that analysis, I applied the lessons learned to todays market. 1) Growth stocks break out of the mean channel of wave 1 to finish wave 3 and 5. Average stocks stay in the mean channel. 2) The...

Dr_Roboto

Here is the culmination of my last 4 months of technical analysis of the stock market. I looked at important growth stocks of the past and where they are today. From that analysis, I applied the lessons learned to todays market. 1) Growth stocks break out of the mean channel of wave 1 to finish wave 3 and 5. Average stocks stay in the mean channel. 2) The...