Good morning amigos .............. 9:22 AM Pacific, Aug 13, 2022
Adding to QQQ short will take place next week. All additions will be $400k of Capital used per entry - entry price will always be mentioned within 60 seconds live; just divide that into the 400k to get #shares. This system of addition will not change, its in the blood.
Preparation for Next week underway. Going to look at the daily for not only QQQ but also DJI, SPX, NYA, DJT at the very least .............
Stance: No change. This is a bear market rally in Wall Street lingo. In MY lingo its Wave 2 up
Wave 2 is supposed to be loaded with optimism and glee. Its job is to rope in the masses. Often, the feverish greed in wave 2 exceeds even that of the all time top that preceded it.
So, a strong Wave 2 rally like we have seen does not surprise me. Its well within what is expected.
Wave 3 down takes over when Wave 2 up terminates.
Today I am going to go deeeper into where I think the Wave 2 will terminate.
Adding to QQQ short will take place next week. All additions will be $400k of Capital used per entry - entry price will always be mentioned within 60 seconds live; just divide that into the 400k to get #shares. This system of addition will not change, its in the blood.
Preparation for Next week underway. Going to look at the daily for not only QQQ but also DJI, SPX, NYA, DJT at the very least .............
Stance: No change. This is a bear market rally in Wall Street lingo. In MY lingo its Wave 2 up
Wave 2 is supposed to be loaded with optimism and glee. Its job is to rope in the masses. Often, the feverish greed in wave 2 exceeds even that of the all time top that preceded it.
So, a strong Wave 2 rally like we have seen does not surprise me. Its well within what is expected.
Wave 3 down takes over when Wave 2 up terminates.
Today I am going to go deeeper into where I think the Wave 2 will terminate.

