COSTCO ... cash it out NOW! All of it. don't go Short! Enjoy spoils

[margin_gamble]

Costco:

will be going to the dogs at breakneck speed. Yours truly has noticed a significant deterioration in quality of merchandise. Not all of it but plenty of it. The classic quality breakdown when a 5-wave move completes is evident and I can smell it.

Wave 3 is underway.

Triple top in RSI with neckline likely breaking tomorrow or the next day or so

Macd wave bellowing thru' a megaphone that she wants to correct to the 0-line
Macd divergence with Price at key fibo level of 78.6%




View attachment 292993

A starting Slam Dunk! We need about 4 more Salm dunks for the job to be considered complete! Be patient.

 

[margin_gamble]

https://www.cnn.com/2022/08/06/busi...signature-trader-joes-store-brands/index.html

 

[easymon1]

Yeah its all coming back now with Stephen Bigelow. Maybe you have an answer for me ......... I thinkone of the reasons I did not pursue it more than I did was because the trdes seemed too short duration for me. I'd get a close above the T-Line and as per the rules of the system I would have to get out. But the duration is too short for me. I like to stay in trades for longer. So I was trying to find a work around. No success with this thus far.

Going to weekly would of course increase the duration of the trade but I want ot have it work on daily too

Are you including that his prerequisites are in place before the close 'above the 8ema', to the trigger? do your stats whatever ya do.
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-15#post-5162295

 

[margin_gamble]

Are you including his prerequisites are in place before the close 'above the 8ema' or whatever line ya wanna use imho, to the trigger? do your stats whatever ya do.
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-15#post-5162295

OK. I'm reviewing the video to see if there is anything I missed. This is something I would love to solve because the T-Line is sheer magic

 

[easymon1]

OK. I'm reviewing the video to see if there is anything I missed. This is something I would love to solve because the T-Line is sheer magic

Magic, i don't know about all that but it'll give ya some damn nice rides from time to time and is a nice reality check when watching for targets and so forth. I trade intraday fast charts. Say you are not so sure if price is gonna reach that next fib level, maybe look to see how far away from that 8ema that price is, it may give a heads up to watch for a pullback the further away price is from the t-line the more likely it is to return to the t-line and maybe to the prior fib level or swing, and another trigger for a run to the next fib level or whatnot on the next thrust. It's a handy little reference. A buddy of Bigalow's put it under his nose and Steve is damn good at sussing this crap out. He's got his ways that are way more than anything I feel like trying to stat out. This little beauty is versatile, unobtrusive and maintains herself, three of my favorite traits in indicators and women, lol.

 

[margin_gamble]

OK. I'm reviewing the video to see if there is anything I missed. This is something I would love to solve because the T-Line is sheer magic

The T-Line also happens to be the Fibonacci number of consequence "8" a very special number. The next one, "13" causes John Murphy the author of the TA book to swoon at how nicely the 13 ema catches nd monthly trend on most instruments

But I prefer "8"

 

[margin_gamble]

Magic, i don't know about all that but it'll get ya some nice rides from time to time and is a nice reality check when watching for targets and so forth.

Absolutely right with the nice rides occasionally. That's what got me intrigued. It has depth but I'm obviously missing something .................... I'll sort it out, its just a question of time


Applied to costco this is how sweet it looks ................ T-Line in grey

 

[easymon1]

I stopped trading daily charts before I stumbled across t-line. FWIW he says he likes to downshift to a 10minute chart for entries and trade management. If price shows him momentum is slowing, he might downshift to a tenner and watch for exits. If price hits S/R on a daily, he'll check a tenner for entrys / exits, usually with the good ol' t-line setup, "candlestick signal and a close above the t-line"+(he uses stochastics and often adds with s in overbot or sold condition) I don't use stokes for some reason. Whatever you do, do your stats. Believe none of what you hear and only half of what you see, lol.

 

[margin_gamble]

I stopped trading daily charts before I stumbled across t-line. FWIW he says he likes to downshift to a 10minute chart for entries and trade management. If price shows him momentum is slowing, he might downshift to a tenner and watch for exits. If price hits S/R on a daily, he'll check a tenner for entrys / exits, usually with the good ol' t-line setup, "candlestick signal and a close above the t-line"+(he uses stochastics and often adds with s in overbot or sold condition) I don't use stokes for some reason. Whatever you do, do your stats. Believe none of what you hear and only half of what you see, lol.

Great, thanks for the help. will do as you suggest.

 

[TrailerParkTed]

Costco:

will be going to the dogs at breakneck speed. Yours truly has noticed a significant deterioration in quality of merchandise. Not all of it but plenty of it. The classic quality breakdown when a 5-wave move completes is evident and I can smell it.

Wave 3 is underway.

Triple top in RSI with neckline likely breaking tomorrow or the next day or so

Macd wave bellowing thru' a megaphone that she wants to correct to the 0-line
Macd divergence with Price at key fibo level of 78.6%




View attachment 292993

My friend at least $5 million in Costco stock after working over 40 years with them. Should he dump his 401k?