Planet Earth's ultimate Short side game began Nov 2021

See posts 24 -30 for the QQQ continuing add to short plan that has not materialized yet due to the rally of last week.

Plan is unchanged and will last a long time possible 2 years on the continued Short. Along with EurUsd and a few others which I don't want to post about as I want this to be a Market Direction thread dedicated to Market Timing using QQQ, Comp & DJI
 
margin_gamble said:
quickie update:

preparing for a QQQ overall short continuation additional short entry @ 291.91. Not yet there. Wait continues.
More...


Reminder: remember this post? See 291.91? Well then have a look where QQQ ended last week at a high of 291.98 (close 291.87).

How is it possible for a simple fella like me, a Nobody really, to even guess where the Mr. Majestic (QQQ) is likely = good odds to go to???

50% retracement of the preceding Wave is the answer. Odds = 70%. Failure here and continue higher? Its possible but there too there is the boon of even better odds then because that level is 61.8%. When odds are in my favor I don't need guaranties. I go with it.
 
Sunday morning 8:07 Pacific Time

Let's have a good look at this baby QQQ's Bear rally from July 13. My chart showed the trendline base was cracking but it survived and QQQ had a nice rally. So no Short entry yet for me.

So let's have a good look at this July 14th rally on 5-min. Why such a low timeframe? Because I can't see doodly internally on Daily timeframe for such a small rally. I need detail. Why? Because I want to see the internal wave 4 of the rally. Why? Because once I can isolate wave 4, I have good odds of being right in that the next wave up, aka wave 5 is a thrust but also a terminal wave meaning the rally is over.

In a 4th wave regardless timeframe, Macd tends to clip the 0-line and all sorts of divergences show up. Price itself is a sideways affair ........... these are characteristics of both a 4th of 3rd and the regular 4th wave within the Wave.



https://schrts.co/aFpIAYeU
 
"Monday will either humiliate me or reward me or torture me with sideways action :D" This is what every single day in this market will do. :banghead:
 
margin_gamble said:
Sunday morning 8:07 Pacific Time

Let's have a good look at this baby QQQ's Bear rally from July 13. My chart showed the trendline base was cracking but it survived and QQQ had a nice rally. So no Short entry yet for me.

So let's have a good look at this July 14th rally on 5-min. Why such a low timeframe? Because I can't see doodly internally on Daily timeframe for such a small rally. I need detail. Why? Because I want to see the internal wave 4 of the rally. Why? Because once I can isolate wave 4, I have good odds of being right in that the next wave up, aka wave 5 is a thrust but also a terminal wave meaning the rally is over.

In a 4th wave regardless timeframe, Macd tends to clip the 0-line and all sorts of divergences show up. Price itself is a sideways affair ........... these are characteristics of both a 4th of 3rd and the regular 4th wave within the Wave.



https://schrts.co/aFpIAYeU
More...



Do you see the 4th wave sideways stuff on this 5-min. QQQ chart above? The final terminal wave's thrust? Do you see it?

So, what to make of my odds of 291 being a good, solid reentry Shorty?

I might get lucky. There are no guaranties.

QQQ might not have finished the thrust (wave 5) which means there is still a wee bit more to go. All these thoughts are part of the game. Will I catch it if it goes further? Wait and see.
 
Secatu said:
"Monday will either humiliate me or reward me or torture me with sideways action :D" This is what every single day in this market will do. :banghead:
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Thank you. Right on. I figure I will expect humiliation that way it won't hurt so much and if Luck prevails instead, then a good solid ice cold beer even that early at market open would be forgiveable :)

BTW, I saw your other post using Trading view. Beautiful stuff indeed. Thank you for sharing it with me.

Good luck Monday and all week.
 
Covid-19 Wave 3 up started April 4th, 2022 as per MY interpretation of the Covid waves. That Covid, like heart, brain, blood, physics, ocean, quantum mechanics Waves, transpires in Waves is self-evident - except to Dr. Fauci who used the term "wave" but has no real clue of the underlying subject.

God help Fauci if Rand Paul and he meet in Purgatory


The magnificent United States thinks Putin is the enemy. Hehehehe. The real enemy is shown below.



https://ourworldindata.org/explorer...e&Color+by+test+positivity=false&country=~USA
 
Behold He who wans to overtake America and observe how nicely the internal subwaves count to "5" per subwave. All picture book purrrrrfect.

That Yuge upwave at the top is Wave 1 of 3rd. And look where it ended!!!! Right in the zone of the previous 4th of one lesser degree. My my my, I got your number Lord Corona but no disrespect intended. When You come to cripple my brothers and sisters in California kindly do not fail to notice that the sign of the Virus is on my Lodge and therefore I am to be spared! :D:sneaky:




CHINA




https://ourworldindata.org/explorer...e&Color+by+test+positivity=false&country=~CHN
 
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