Overlapping the Dot Com Bull Run with today's bull run, you can see we have quite a bit of upside left. That will take it to the top of the channel at around Dow Jones 115,000 at around 2033-2036 time frame with the last bit going parabolic. I will wonder what will be in store for the next Secular Bear Correction at the top of the channel. I will worry about...
After two weeks of consolidation at a rising weekly 21ema, last week's weekly candle broke and closed above both. I don't really see any pullbacks coming soon. First target is of course 40,000 but I plan on holding for awhile as I believe this move just got started. I can see 50,000 in the future as well.
I believe after reviewing all the evidence that we still have over 11 years of bull run left to go with a price target of 15,500 by 2035. It looks like we are half way through the bull cycle. In a bull run, the moving averages fan out and start trending off the 21 and 50. I will be shifting my focus on buying and stop with the market crashes as I thought. I was...
After looking over the log chart again, I have realized that each bull run has roughly 1200% of upside before a correction or Secular Bear Market. We have had 3 completed bull cycles and 3 completed bear cycles so far and are currently in the middle of bull cycle 4. If the 1200% bull run cycle is to continue, we are roughly 60% the way there. That would take...
A log chart of the entire Dow Jones history and it's entire bull and bear cycles. Currently we are at the top of the channel for now the third time I think we are going to drift sideways for the next 46 years just like at the beginning in order to get back down to the lower end of the up channel. I don't know how long price can stay bumping up against the top...
Today closed at the end of the session with a bearish engulfment and a pin bar wicking into the top 50% of said engulfment. I am seeing the 21ema start to flatten out and possibly roll over with massive space between the 21ema and the 200sma. Friday I think will be a choppy/range with a slight bullish tint to maybe take out Thursday's high and make another hit...
After finding this channel to my liking, I also noticed that today it closed at exactly the price needed to complete a measured move. Two range expansions will put it at $822 I have no clue what it will do, just observations. I don't trade NVDA. I just know that parabolic moves are not sustainable and no matter how far it goes up in a straight line, it must...
Just experimenting with the angle of the 21ema and the likely move out of it. I have seen about 4 different angles and 4 different bull moves Strong Explosive Moves with 70-75 degrees Decent Moves with 60-65 degrees Grindy and choppy up moves with about 45 degrees Most likely a pullback with 10-25 degrees
Inside the daily rising wedge, price is making a final hurrah before it will roll over. I have marked with the blue line as the important 0.85 fib retracement level and I expect price to have difficulty around this area. NY will open with a sizeable gap from yesterday and I believe it will be a range type day
This post is for my own personal recollection of how I want to short this upcoming downtrend. I won't be able to remember the exact details 2 years from now. I want to short it down to the rising monthly 200sma and the 50% fib level from the Covid crash's high/low AND the head's high/low 1.25x range. Price level 24,000 I want to short with the fat portion of my...
I just now noticed that from 2017 to 2020, that it is a miniature version of what is happening on the long term trend. This same pattern played out back in 1962-1980 The mini version of 2017-2020 is the same as 2020-2035 Compare it to this mini
Now that the top is in, the Daily 200sma will start to roll over and start a downward trend. The left shoulder is complete The head is complete Now we are waiting for the right shoulder to form and to complete with the neckline I am expecting the right shoulder to rally back up to the 0.85 fib level and fail. My target is the 1.25 times range expansion at...
After the violent spike down into the 200sma ( Bearish ), the 21ema is now in charge. It is declining so that means to pay attention to only bearish candles as the new trend is down. Any and all bullish candles are to be ignored. The gap between the bodies of the candles and the 200sma tells me they are to return. If price stays in the lower 0.33% or lower...
The 21ema on the 4 hour is flat Price is pulling back into the flat 21ema Look for a bullish surge off of the flat 21ema Can be aggressive and enter short on the close of the CPI 4 hour bar at 10am EST with the expectation of no follow through Can be conservative with a sell limit at the 50% mark of the bull surge bar. Targeting the demand candle of January...
Now that the 200sma is starting to roll over after we had the three push pattern higher AND the false break reversal on Friday, I am looking for a meandering back up into the supply zone for a sell. My only concern is that I don't know what CPI will do. Will it spike up to hit that magical 39,000 number for another false reversal or will it spike down? The 1 Hour...
This is my 30 year gameplan on how I will navigate these markets. I believe we are in a Secular Bear Market for the next 3 decades and will consolidate in this range between 2300-5400 price levels. The biggest clue is the rising monthly 200sma as that will be the support areas along with the upper channel with its four trendlines. Two thick outside channel lines...
I believe this is all she wrote on the rally inside of this monthly bearish rising wedge and that the prevailing downtrend will continue as that is the higher timeframe trend. This rally has been a counter trend rally into the main trend. Volatility will pick back up. First will likely sell off to the 200sma Daily, bounce into the trendline and roll over. Once...