Planet Earth's ultimate Short side game began Nov 2021

Wide Tailz said:
It's fun to argue both sides of a case, and I do this with EW counts and the fundamentals, as a sanity check.

So I'll argue the bull case (since the bear case is pretty obvious now):

1. USA real estate and stocks are the least worst option for money fleeing the economies of Europe, Japan, China, Sri Lanka et.al. and the US dollar is getting a bit expensive as an alternative

2. The market has been operating on a "max frustration" mode for the past 6 months, whereby normal trend following techniques just get you shaken out. And CTAs are now short......

3. Now that QT is beginning to double in rate next week, it's "buy the newz" time

4. Now that the "pivot" narrative has been obliterated, a new one will emerge next week as the tape rebounds from extreme oversold

5. War is great for stocks and commodities, and it's getting real out there with energy costs skyrocketing in Europe. The citizens are about to revolt, and their masters are going to take them to war on a larger scale than just Ukraine to keep them occupied

6. Vax deaths are ramping up and while that's bad for insurance companies, it could have some form or reflexive relief on fiscal budgets who would otherwise have to pay out pensions

7. The market is a machine of inflicting maximum pain at the end of the week, especially at opex events, and we are on a long three day reset.....
More...


:thumbsup::thumbsup:
 
Wide Tailz said:
And the alternative EW count, assuming a down Tuesday and face ripping reversal after it:
More...


Yep, we are on the same page. Except for wishful thinking on my part that 423.6% bounce is the final (v) low and we do not take out the Origin of Wave 1. .

Wishful thinking at this juncture but that's all I got.

Notice something interesting in the next post about wave (iv)
 
See right edge of 5-min. QQQ chart below .......

see wave (iv) first, then start counting down for (5). all we have for wave (v) down are waves 1, ii, iii, iv, v ............. there are no other subdivisions shown. We gotta go with what the market is telling us. And one thing the market is telling us for sure is taht the rally off the alleged bottom has spike thru' wave iv

This means TREND REVERSAL confirmed!!!!!! Hahahahaha! am I crazy? :):):D:D

We have like you said a long 3-day holiday, more than enough time for the last dregs of bearishness to dissolve out. The a massive rally Tuesday? That's the wish




item
 
For Overnight,

If I am wrong then you will know first thing Tuesday if the origin low of Qs is taken out.

If however the origin survives and instead we have a massive rocket rally, keep in mind that I still want to add at least 3 more hits of 20k shares LONG as near to the current low as possible.

If it turns out I am right and I have my way to a rally to retest Aug highs before BEAR resumes .. then

profit will be for just this one trade that waited patiently on for an entire week

6 mil + in nett profit = 6 times more than my goal of 1 mil per month every month.

Can you dig it?

Let's see how it plays out
 
Overnight,

In response to your question ...........

Why do you keep addressing me specifically when you say you have me on perma-ignore? Your logic escapes me.


Answer:

Because I am an excellent host. You come to my house you will be attended to in one form or other.


Not much chance of this recurring. I'm leaving today. will only be back occassionally to very briefly update this one and only thread. All other threads are done or as-is.

Say once a month or once a quarter?

And I will not be looking for any discussions or dialogues. In and out. And of course that too depends on whether my nick survives

Goodbye my friend, loved you from day #1 but you made it too difficult for me to cherish you. But I won't forget you. And you are damn right, I have included you in my prayers to see you do not lose money. I want you to win, win , win for me. :):D
 
I have ceased ALL Trading posting operations at ET as of today, now 3:17PM Pacific time Sept 3/2022.

No discussions no dialogues no nothing. Pop in to gloat with a Slam dunk now and then as the BEAR sees my way and continues southbound.

So, you will not see me on Tuesday. so I will leave you with this last reorientation .... next post
 
QQQ my current thinking and play are geared toward LONG QQQ for the retest of Aug 16 high.

I am right or I am wrong. On Tuesday and the rest of next week you do not need me to tell you which it is. Its obvious as nite follows day. All the entries are in black and white in ET's date/time stamp.



QQQ daily to complete the bear rally that began June 16. Shown are 2 possible targets, I favor the 61.8% but will give Q room to rally to 161.8%.


By the time this rally is over or not even teken place you will know whether I made zip of 6 million dollars nett profit. I have my Trailing Stop down to a science now within the last 7 days, fully ready for bigtime WAR and take it to astronomical heights and not give upmuch back to the markets. Its that good.

Remember this however: that if the origin low in the QQQ 5-min. chart is taken out, a rally can still occur because then it will be not an abc but a 5-er, so I would plug in 38.2% as a possible target.


upload_2022-9-3_15-21-6.png
 
The stockbroker at Marina del Rey was asked, "if these yachts are the property of stockbrokers, pray tell where are the customers' boats?"

There is only one customer boat here in the Marina and it belongs to a customer of particularly intemperate disposition. You go disturb him when he is here and he will tear your head off.

He throws parties that keep all seafood restaurants in the Marina vicinity busy as can be.

Stockbrokers are envious of him and till today he has never divulged how he does it, beat them at their own game!
 
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