ALERT - Nasdaq/QQQ getting ready to take out all time high.

[AfterLOS]

Thanks FXForex, nice thread

End of the year approaching so your call still has a chance as there is no completed lower Lo, lower Hi and lower Lo taken out package

No sarcasm intended or implied

Goodluck

Sorry amigo, might as well finish the train of thought right here before departing to another thread

 

[AfterLOS]

Close shop, escape to bear cave and gorge = close all Longs NOW = first drop will wipe out 23% profit

Staying in beyond this point = higher risk = is akin to your wife coming home 700 pound heavier than yesterday - but you still stay and make love to her. Gross! I wouldn't be surprised

Composite arrives @ Fibonacci confluence
perfect pitchfork on monthly + 423.6% & 261.8% confluence NOW = TODAY
double-top territory applicable NOW as top monthly bar of year 2000 is pierced near 50%

Composite daily with wedge aka EDT with the 5 waves shown with the 5th spilling out
261.8% hit.


View attachment 144430 View attachment 144431 View attachment 144431

Reviewing thus far:


TOP called within a mere 19 points of the Nasdaq Composite high.

Q.E.D. = OK = done

 

[AfterLOS]

Alcohol will be added to the bear cave FEST only when\if the following conditions are met:

(1) Composite's August 2014 lows must be taken out decisively - these lows are resting on the shoulders of the March 2014 top = solid support. Break that support decisively and AfterLOS will be bringing out the specially designed surfboard for tsunami surfing.

(2) Then AfterLOS waits for the first upwave and watches to see that the Sept 19 TOP will HOLD, then the tsunami surf begins instantly but with a STOP - then as soon as the low is taken out, the STOP will be removed and the surfing-the-tsunami will be underway in earnest all the way to the bottom of the BEAR, years down the road. STOPs from then on will be at 3% above DAILY bear-rally peaks

For this particular play only one-fourth percent of Capital is deployed for the entire duration as per my new system. One-eighth of Cap will be added at the first 4 bear rally peaks.

Special note: no August low taken out = no surfing the no-tsunami - YET = YAWN

See quoted text for point # (2)


(2) is now activated and we are on Sept. 19 TOP-validity watch!!!!

Q.E.D = OK = done

 

[AfterLOS]

Nasdaq Composite observation: (October 15, 2014 includes data for 14th Oct)

Price now on super-powered slingshot potential = high coefficient of Restitution = Jan 22, 2014 peak

Now throw in the 200-day ema and you've got real slingshot power

Can't rally from here but continues diving? = Bad, bad, bad

read quoted text first: re: slingshot power


Q.E.D. = OK = done

 

[AfterLOS]

see quote above = Price now on super-powered slingshot potential = high coefficient of Restitution = Jan 22, 2014 peak

those who watched the circus on CNBC, I watched and had a ball as I watched a move at the same time and flipped to CNBC to lafffffff some more as they just could not understand why such big gyrations were going on, like Dow moved 600 points in under 30 minutes etc.,

well we can look at the Dow elsewhere but here we focus only on Nazzy composite ....

What does the Jan 22 peak = support belong to? I mean, "where is its AXIS?"

Answer: @ 14.6% retracement of the entire run from March 2009 low to 2014 top.

Why 14.6% one might ask?

because 23.6% divided by the golden ratio, 1.618 = 14.6% = significant support.

Nazzy comp. stopped exactly there


YAWN

see quoted text first


14.6% support that generated alleged slingshot power:

as stated only a support lodged firmly in the brain of the HERD as is the Fibonacci sequence can make Price behave like a madman, Nazzy's brother the Dow Jones went 600 points north and south total displacement in under 30-min. Whew!!


Q.E.D = OK = done

 

[AfterLOS]

see quote .......

so is there slingshot power? You better believe it. TRADING for short-term profits is a byproduct of Trend surfing the long-term and is part of the game.

DAILY timeframe = stay SHORT and snore with both eyes closed

see green quoted text first for last mention of the slingshot power - trading for short-term profits

Q.E.D. = OK = done

 

[AfterLOS]

OK then, moving forward into Sept. 19-TOP-validity watch:


Slingshot rally off the 14.6% support is OVER IMHO = no more trading short-term

but as stated earlier left all the DAILY timeframe SHORT bread still IN - STOP for the latter is just over the Sept. 19 TOP but I could modify if at will if necessary.

Confirmation that rally is over is if Nazzy Comp goes below Oct 22's 60-min. low. IMHO said low is the rally's wave 4.

For even quicker exit for the lingerers who want to get out run a trendline thru' said wave 4 low and extend it and if broken, take money out and run or reverse

 

[AfterLOS]

OK then, moving forward into Sept. 19-TOP-validity watch:


Slingshot rally off the 14.6% support is OVER IMHO = no more trading short-term

Where did Nazzy Comp's rally end thus far?

At exactly AfterLOS magnificent proprietary TRENDLINE. She kissed it. Now we wait for the clean getaway after the kiss. Said getaway should be a rapid bolt for the south. What about seconds? Possible.

For Nazzy Comp. all the way from the March 2009 lows I have only 2 trendlines of significance and both are broken, but the kiss occurred at the upper trendline.

 

[AfterLOS]

Re: Slingshot rally off the 14.6% support is OVER IMHO = no more trading short-term


HERD's implant:

How far did Nazzy go? I was expecting a dead stop and reverse at 61.8% = golden ratio derivation = attracted to it like a magnet especially because this is a wave 2 rally = still high optimism as in FREEEEEE money, FED PPT etc.,

But Nazzy stopped at 61.8% only to give me my wave 4 for which I'm grateful and then continued north towards the square root of the golden ratio aka 78.6% and stopped before the station.

 

[AfterLOS]

Can I be wrong? Do birds fly?

But a MAN gotta take his best shot.

That was mine - at the current juncture of what I know this is the abs. best I could possibly do. So there will be no excuses ifs ands buts bla bla.

That's my best shot.

6 months from today I will be twice as good and so on.

But its always only NOW that counts and that's as it should be.

Nasdaq hand me my head on a platter? Hey, I have neither dignity nor pride left. That's quite alright with me.