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

[murray t turtle]

All 6 instructed by Fibo to close all investment accounts in India and get money out. Only one trading account to be left open for the upcoming short for India. 5 waves complete.

View attachment 200508

%% Sounds like a good plan or great plan, sandra- eng.
QQQ , SPY , they are still trending so strong; the uptrend is your friend, tends NOT to end. BUT both of those are so liquid+ SPY is the liquidity leader, makes a good investment or trade.I took some profits off TQQQ last week- it pays no dividend like QQQ, SPY does.

GE, LYFT, SNAP, TSLA are still mostly down/downTrending ; very bad , even more so when the QQQ, SPY ,, they are still uptrending.,

 

[vanzandt]

All 6 instructed by Fibo to close all investment accounts in India and get money out. Only one trading account to be left open for the upcoming short for India. 5 waves complete.

View attachment 200508

You are very lucky to be Fibo's girl. You must be quite intelligent. And quite stunning to behold I'm sure.

Perhaps 1000 years from now... as civilization slowly regains its footing from our impending 6th and final wave... when villagers around campfires sing ballads and pass down the legend of Fibo to their children... it will be you of who they sing as "the woman who made Fibo complete".

 

[murray t turtle]

Ouch, that was quite the burn.

Anyways the direction over the next decade is UP, there is no doubt about it.

The problem is the market has gotten A LOT risky over the past year. We are back at 2890, ......... Forward P/E on the SPX represented 20% EPS growth Y/Y last year, and now it's -3%. Basic conditional probability:, the forward returns are roughly the same but the risk as increased 2 to 3 fold.

Going from $1.5M to $3.0M takes years in a bull market, but going $3.0M to $1.5M only takes a few month. It looks worse when I plot the chart on my TI, JUST SO YOU KNOW.

%%
OK Wooddraw97;
but you could take 33.333% off $3 million -that way a 50% drawdown, quite common ,would not be near as painful. QQQ has done better than 100% , in 52 weeks; = lost >>80% in one bear; not that that's average LOL.
I've studied trends enough not to worry about it; just have a plan .That way if USa Senators are stupid enough to do a Stupid Hawley tarriiff again, , no surprize.

 

[themickey]

Thread update ....................
Fibo has no change in positions, no intention to change anything just yet, LOSSES continue

Let's say your lover and guru are right, there will be a bear coming.....
But what does it say for the timing and drawdowns? They are getting out of hand atm.
This is a repeat of the surf report journal where Surf was shorting YM in a rising market.
The need to be right is a noobs mistake, fibo professes years learning of EW, Dow theory, Fibonacci's then blows up on stubborness???

 

[volpri]

Let's say your lover and guru are right, there will be a bear coming.....
But what does it say for the timing and drawdowns? They are getting out of hand atm.
This is a repeat of the surf report journal where Surf was shorting YM in a rising market.
The need to be right is a noobs mistake, fibo professes years learning of EW, Dow theory, Fibonacci's then blows up on stubborness???

apparently

 

[kmiklas]

What kind of bear market? Black, grizzly.... panda?

 

[volpri]

Like so?

https://www.elitetrader.com/et/thre...why-al-brooks-is-impossible-to-follow.263072/

Suit yourself..

 

[volente_00]

What kind of bear market? Black, grizzly.... panda?

Polar

 

[volente_00]

 

[destriero]

Who is going to eulogize the passing of @fibo_trader and Sandra? Alas, poor Yorick.


Yes, he is gone.