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Good evening, my Market Friends. I almost got faked out this morning with what I can only describe as a retail "splash-over" (false breakout). I was fumbling with the order bar, confused at why it wouldn't take a market order (something having to do with "intelligent+" routing), and then it...

It appears to have broken the previous down trend on the hourly chart, and is taking to the sky. For me, I would wait for the third wave (first higher low) to be sure I've got great oddz.....

The Market has exploded to the upside. I hope he was long. :eek:

I'm surprised JH gets to put his name on a method that basically amounts to simple compounded channeling range trading........ ......... and creates pages and pages of gobbledygook to convince the gullible that he is The Guru. :D

I'd like to request that everyone pay attention the spirit behind Bill's message. This is what 20 years spent datamining for The Grail will do to you. :(

At the start of the down trend in mid April, The Market put in a bear flag right over the 50 sma. It gapped down and then proceeded to explode back up for the next 6 days, finally beginning the expected sell off on the 7th. Your triangle looks just like that pattern, only larger. The price...

So guys, here is the chart. Looks like an ABC corrective wave, shaped like a declining wedge. Market sentiment is getting bearish.....

Nearing the breakout phase. I was very tempted to try to pick off that higher low this morning, but I keep reminding myself that my method is called "third wave breakout", not "second wave fade". There have been about five glorious scalps in this range, over the past week, where a third...

Trends tend to persist.

We believe you. :p

What's up, my Elite companions! NFLX popped 5% at the open in what could only be counted as the wave i impulse, leading into the iii that I'm after. This would have been a GREAT scalp for anyone not constrained by Reg T. Now the inner question is, will it respect that moving average...

The obvious interpretation is rising wedge - bearish. The Playerz know that if enough suckers interpret it that way, they can get a glorious short squeeze going with just a little liquidity injection........ :eek:

That is actually normal, for anyone who wants to become good. Nature has a Law...... you must go through the crucible of many setbacks to prove you have the BURNING DESIRE and LOVE of what you are doing to see it through to fruition. Same thing happened during third year engineering...

He also said that buying options was a quick way to the poor house.......

Perhaps the reason the same mistakes keep happening is because you keep sweeping them under the rug. I think you will improve much faster if you publish all your trades and force yourself to acknowledge what you keep doing wrong. Then seek a hypnosis guru to probe your subconscious mind...

NFLX C wave nearing completion. EW predicted it almost perfectly. :eek:

What an awesome day! NFLX did the standard retail pop at the open, crunched hard and proceeded to put in a range for a couple hours. I retired from the flight deck to first class, and just about fell off the couch when I caught the setup for wave iii of the B wave out of the corner of my...

That is very clever. $82 is a dead zone. Price should bounce off it or launch thru it, but not linger.

This is great. I wish I knew how to interpret it. What do the bulbous volume/price levels represent? Value levels? What are they?

I see you have the S&P powering up to finish the B wave. The Market has been very happy with good news and nonplussed with bad. :eek: