50+ million dollars profit target for short trade(s) - join me

[Aero73kgp]

Timing these drops is very hard.

bob

Indeed Sir, but we got to try.


Monday May 14 morning game plan for another short entry SPY if my conditions are met, see 1H chart. Trendline downside break = instant short addition, Stop just over 1H wave top. If no break = do nada. Note the TL break in RSI - foretelling?

 

[Aero73kgp]

Timing these drops is very hard.

bob

All the more reason to go up against Goliath. This chart, instead of the slingshot I'm going to try some voodoo From March 13th top, 2 grids, one regular Extension grid, the other an Expansion grid. Note the 161.8% perfect hit? YAWN! Just another day at the beach in CopaCabana for yours truly. Note further how current rally top stops right at 61.8% of the Extension grid? YAWN! But Extension grid gives NO hit. So I need another beer and give it more thought.

 

[Aero73kgp]

Timing these drops is very hard.

bob

OK 3rd voodoo chart is how does the current upwave of SPY fit in with the start of the upwave from April 2? I drew 2 grids, one from each bottom, notice both the 161.8% levels just a tad above Friday's SPY top. Before breaking my red trendline, she might go there , hahahahaha. Why? Magnet and to mess with me.

 

[Aero73kgp]

Timing these drops is very hard.

bob

Saved the best for last - Air and water are free, so is the straight line. "666" was messing with us again when he hammered S&P500 to 666 in '09. Now he's messing around in a different way - the grids from April 2 low leave a lot to be desired, I'm not satisfied

So what to do? Drop down to basic-basic Air, water, Trendline. He can't mess with me now. Top line resistance clear as can be, triangle also clearly visible. So, I don't do doodly about adding to short unless uptrendline is broken.

The above 4 posts were in response to your "timing these drops is very hard" - so what? Gots to try. The game of Life or Death continues.

Note: lower trend lines at bottom of pattern = make break point for the Empire. Leave Dodge if it happens. Watch RSI lower line especially close, that break will come first as a warning to get out of the water

 

[Aero73kgp]

Monday May 14, 2018:

see 1H chart above - SPY arrives at my 1H trendline AND the hit was as shown 161.8%. Like I said, NO action unless trendline breaks decisively. Why? 666 might send her up to 261.8% and outfox me. So no action unless trendline breaks.

 

[Aero73kgp]

combine this latest 1H chart with the last one above.

 

[Aero73kgp]

For tomorrow: Add to Short if/when 272.07 and then again at 271.47 STOP 273.37 Target is far away south so play by ear if it goes my way. Why so far south and why important? Because this COULD be a rocket engine downwave that will remove all doubt that we are in a BEAR.

I could also be wrong so my STOP is over the top March 13th 280.76 for now, lots of breathing room, if it get hairy and big bars up, I'll consider lowering it.