Bear Market almost ready to resume. .....

[murray t turtle]

As far as I know & I'm still learning, the bearish view is a 2-part determination. First is that on the Monthly time frame 5 waves up are near completion or completed. Second is the crowd sentiment. A 5-wave up completion combined with high complacency is a recipe for disaster. This is what I am learning now. And I have tons of homework in this regard.

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QQQ went UP 5 [12345]months in a row late 2018,Sandra-eng, then almost 6 months,Higher ;but QQQ monthly chart closed a bit lower.

The weekly chart 10-5-2018 did make a new HIGH; looked like OCT would live its nickname==''bear killer''. Instead it was a bear starter LOL/true. Easy for a strong trender , like QQQ to make 5 or 6 or 7 months highs in a roW= much harder to close 7 months higher. Actually QQQ made 8 months higher highs=1999/2000; but not 8 months higher closes.,,

 

[destriero]

He will be back on the 19th

Interesting that you started this new nick the moment that fibo stopped the DoS attack on this site.

 

[sandra_ae-eng]

%%
QQQ went UP 5 [12345]months in a row late 2018,Sandra-eng, then almost 6 months,Higher ;but QQQ monthly chart closed a bit lower.

The weekly chart 10-5-2018 did make a new HIGH; looked like OCT would live its nickname==''bear killer''. Instead it was a bear starter LOL/true. Easy for a strong trender , like QQQ to make 5 or 6 or 7 months highs in a roW= much harder to close 7 months higher. Actually QQQ made 8 months higher highs=1999/2000; but not 8 months higher closes.,,

Don't trade the Qs but the Nasdaq Comp is part of my course study because Fibo includes it in Dow Theory which the Bombay Stock Exchange obeys and follows for the most part. I did the wave count on my own, then looked at Sentiment the best I could.
I agree with Thread Top call. The first lesson Fibo taught is never ignore a monthly trendline fracture/break - here its definitely fractured but not yet broken .....................

 

[Overnight]

Interesting that you started this new nick the moment that fibo stopped the DoS attack on this site.

A lot of odd stuff about this new "Sandra" person. Bombay Stock Exchange, eh?

And a DoS attack? Is that why the site was acting squirrely yesterday?

And why does Sandra say Fibo will be back on the 19th? How does she know? Are they dating?

In any event, let the bear market resume already, so can continue to see the severe downward movement we saw starting in the 1920s! Turn those machines back off!

 

[destriero]

A lot of odd stuff about this new "Sandra" person. Bombay Stock Exchange, eh?

And a DoS attack? Is that why the site was acting squirrely yesterday?

And why does Sandra say Fibo will be back on the 19th? How does she know? Are they dating?

In any event, let the bear market resume already, so can continue to see the severe downward movement we saw starting in the 1920s! Turn those machines back off!

They use the same charts as well!

 

[ironchef]

Good thing for the QQQ/tech bulls; most companies are run better than GE, TSLA, BA

So I should buy SNAP?

 

[murray t turtle]

View attachment 200500


Don't trade the Qs but the Nasdaq Comp is part of my course study because Fibo includes it in Dow Theory which the Bombay Stock Exchange obeys and follows for the most part. I did the wave count on my own, then looked at Sentiment the best I could. View attachment 200500
I agree with Thread Top call. The first lesson Fibo taught is never ignore a monthly trendline fracture/break - here its definitely fractured but not yet broken .....................

View attachment 200500View attachment 200500

%% I agree sandra-eng;
but i use 50 + 200 day, 50,200 period moVing aVerage much more than straight trend lines,. I do draw straight trend lines on volume on paper charts+ use 50 day ma also. Stock Traders Almanac [book]says QQQ or Nasdaqqq averages up 1.3%, APR.[SPY/S&P 500 up average 1.4%, APR]They so highly correlated i spell NasdaQQQ, or Nasdaq.LOL

 

[sandra_ae-eng]

%% I agree sandra-eng;
but i use 50 + 200 day, 50,200 period moVing aVerage much more than straight trend lines,. I do draw straight trend lines on volume on paper charts+ use 50 day ma also. Stock Traders Almanac [book]says QQQ or Nasdaqqq averages up 1.3%, APR.[SPY/S&P 500 up average 1.4%]They so highly correlated i spell NasdaQQQ.LOL

Point taken. I used to use the 50 x 200 because both the CNBC's (US & India) talk about it so much. And they get one in and out of the trend nicely but at best one can capture only one third of the move. With a trendline one can capture as high as 80%+. Work in progress .....

 

[murray t turtle]

So I should buy SNAP?

%%
NO, i would not;
zero[0], goose egg PE,
dividend =0, goose egg,
52 week low below $5.00,
managers control to much voting stock,
profit margin -51%,
EPS of 36 LOL; prefer 80% or 99%.That means almost 77% of stocks earn better, than Snap trap.
I used IBD data.

I do like snap beans!! Snap them green beans in pieces + cook on hot iron, eat, enjoy.

 

[sandra_ae-eng]

%%
NO, i would not;
zero[0], goose egg PE,
dividend =0, goose egg,
52 week low below $5.00,
managers control to much voting stock,
profit margin -51%,
EPS of 36 LOL; prefer 80% or 99%.That means almost 77% of stocks earn better, than Snap trap.
I used IBD data.

I do like snap beans!! Snap them green beans in pieces + cook on hot iron, eat, enjoy.

Snap is part of my homework along with this video by Alessio Rastani who is a good friend of Fibo.

Bombay Stock traders are very very much in Long Snap. Not me.

Both expect it to get to the downtrendline at 14 and then its a good short. Not for me. No interest in this stock.