“Shoot for the moon. Even if you miss, you'll land among the stars.”
In this case, we shoot for the stars and hope we land on the moon.
4x SPY $260 PUT - EXP 2/11/2019 - Entry @$0.25, 2/1/2019, exit @$.50 or above
All it takes around 13 consecutive correct guesses.
Some legitimate moves will be made, but it will consist mostly of dumb and...
Nobody likes it when the market goes flat. Ambiguity kills both bulls and bears.
We are amidst one last 4th sub-wave down, before an exhausted 5th into 270.50-271.00.
Per wave count & resistances, I'm pinning this last 5th wave to end around Feb 4th. Coincides with fib timing.
Planning keep this idea updated until the 4th.
To be clear: I have zero tolerance for anything in the lines of financial astrology bullshit, magic 8 ball readings, or other hullabaloo.
This is simply a chart for my own viewing and the education of others on the lunar cycles matched with the market from 2018 to the present day. Red is the full moon, a "bottom" and green is the new moon, a "top", following the...
"My problem is that I have been persecuted by a (ratio). For the last few months this (ratio) has followed me around, has intruded in my most private data, and has assaulted me from the pages of our most public journals. This (ratio) assumes a variety of disguises, being sometimes a little larger and sometimes a little smaller than usual, but never changing so...
As long as we don't overstep into wave 1 territory (white line, 259.85), this potential wave count remain valid.
Wave 4 should be simple, as wave 2 was complex. Great time to load up or hedge positions.
2008 Scenario: New impulse wave down should start today and bottom out at 2330.
Sideways bull up for a few months, crash later this year.
Impulse wave 5 begins today, and we crash right away.
If we cross 2580/2600, throw everything out for now.
Wave 4 hit today, and wiped out a lot of people.
Wave 4 will likely be a complex correction, as wave 2 was simple.
Potential rally to 2514/2522 levels, but could be VERY stochastic afterwards. I'd advise waiting this one out, or playing further out. Wave 5 is on the way, and it should extend.
Trade safe. It only gets...
Sub-sub-wave 3 is not over - it hasn't crossed a full retrace of sub-sub-wave 1 yet.
Sub-wave 3 has already fully retraced Sub-wave 1's length, and has the potential to extend on sub-sub-wave 3 or sub-sub-wave 5.
Stay in puts. Hard to say when sub-sub-wave 4 will hit, but the massacre after will not be worth missing. Sub-wave 5 is bound afterwards.
For personal reference.
Potential pattern repetition. All points calculated using ratios of daily high and daily low of matched dates in 2008.
Exit points and entry points marked as is, +/- $.50
+/- 2 trading day
1/07/2008 similar to 12/10/2018
1/11/2008 - 1/14/2008 similar to 12/11/2018 - 12/12/2018
12/21 marked as significant bounce point
First chart here, totally not used to the UI yet.
My background is closer to market psychology than strict technical analysis, and thus my analysis should not be taken verbatim. I profess that most my analysis is from fear-gauging and psychological extrapolation based on similar past events - the crash in February, the DotCom crash, and the CN50USD chart are the...