Planet Earth's ultimate Short side game began Nov 2021
- Thread starter margin_gamble
- Start date
see post #1106 above and then dig this:
despite the down day and the bearish engulfing candle pattern I am very reluctant to go SHORT so I have no trade in the QQQ.
Here's the reason for my reluctance: QQQ is on the 200-week ema and the slingshot power is very real to me. Also, look at teh divdrgence on weekly Macd.
TRAP. I stay out
So therefore my stance has not changed
The mighty Dow Jones joins QQQ in resting nicely on the 200-week ema with juicy divergence built up on RSI. Additionally right below the 200-week ema is the munificent 23.6% Fibo retracemetn level of the grid from March 2009 to Jan 2022. This 23.6% is ignored by the cognoscenti who only look at 38.2%, 50% & 61.8%. Big mistake!!! One ignores the 23.6% at one's own peril. Take it from yours truly, the 23.6% is no slouch.
So, bottomline is ther eare battalions of slingshot power where The mighty Dow Jones is at right now on weekly.
Is it any wonder then that MARKETWATCH announces that Dow Jones has reversed its losses as the trading session comes close to an end? They don't know TA and for sure don't know the 23.6% nor the 200-week ema.
Dow Jones weekly on the 200-week ema and shown in dashed red the 23.6% Fibo
Bizarre things are happening in this BEAR market ................
INDIA, one of the contenders for the next SuperPower is showing outstanding strength in that the bear rally has almost gotten to the all time Top.
Want to guess where the rally has almost gotten to? Why of course its the 88.6% Fibo = last bus stop before the Top is blown to smithereens. Can India take out the Top? I don't think so but its not up to me!!!!! I'm Mr. Nobody!
Square root of 0.786 = 0.886 ............... that's how the 88.6% level came into existence in financial Markets. The Fibo sequence uses the Square root like its pure gold especially in Pyramid design - and of course in financial markets.
Behold the majestic Indian Stock Eschange, the Sensex sooooo bullish while every other exchange is getting killed. also happens to be one of the oldest Exchanges in the world, not the oldest, but close enough
INDIA, one of the contenders for the next SuperPower is showing outstanding strength in that the bear rally has almost gotten to the all time Top.
Want to guess where the rally has almost gotten to? Why of course its the 88.6% Fibo = last bus stop before the Top is blown to smithereens. Can India take out the Top? I don't think so but its not up to me!!!!! I'm Mr. Nobody!
Square root of 0.786 = 0.886 ............... that's how the 88.6% level came into existence in financial Markets. The Fibo sequence uses the Square root like its pure gold especially in Pyramid design - and of course in financial markets.
Behold the majestic Indian Stock Eschange, the Sensex sooooo bullish while every other exchange is getting killed. also happens to be one of the oldest Exchanges in the world, not the oldest, but close enough
New York Stock Exchange just sent me this telegram marked
URGENT for MG
I opened the telegram and was floored. It said, "Dear MG, be ultra careful about the double bottom & RSI divergence & the 200-week ema and the 23.6% Fib on the NYA"
URGENT for MG
I opened the telegram and was floored. It said, "Dear MG, be ultra careful about the double bottom & RSI divergence & the 200-week ema and the 23.6% Fib on the NYA"
For educatioinal purposes only esp. for Newbies who are very likely to get the impression that MARKET TIMING as an ART form is dead, dead, dead, worthless, worthless, uselss and of zero value ................... May you not be influenced by this site and instead take up the ART of TREND MECHANICS top/bottom evaluating, judging and deciphering - it is on par with Aerodynamics and & Mechanical Engg.'s Fluid Mechainics ................ good luck .......... lesson is below Nine_Ender's post in this thread. who is Nine_Ender? A hater of Market timing. A total disbeliever of Market Timing.
Calling a top is what idiots do; oh the irony of you making these statements thinking it makes you look smart lol. You can post all the bs in the world you want but your whole act screams poser with an extreme narcissistic disorder. I don't believe a thing about you other then that.
#861 Aug 16, 2022
Now sit down and watch in horror and agony how his lack of Market timing skills is destroying his life, he is on the ropes, his nest egg shattered and he will still keep holding LONG well into the BEAR. Then one day, he will throw in the towel in disgust and sell all his stocks for a gigantic loss. His wife and family will suffer for this lack of education that he could get for free from yours truly right here in this thead. But no, casting pearls amongst ................ is the theme here
Behold the Stock Exchange of Toronto where Nine_ender holds his LONG positions. Note its the same chart I posted a while back here on in another thread ........
Calling a top is what idiots do; oh the irony of you making these statements thinking it makes you look smart lol. You can post all the bs in the world you want but your whole act screams poser with an extreme narcissistic disorder. I don't believe a thing about you other then that.
#861 Aug 16, 2022
Now sit down and watch in horror and agony how his lack of Market timing skills is destroying his life, he is on the ropes, his nest egg shattered and he will still keep holding LONG well into the BEAR. Then one day, he will throw in the towel in disgust and sell all his stocks for a gigantic loss. His wife and family will suffer for this lack of education that he could get for free from yours truly right here in this thead. But no, casting pearls amongst ................ is the theme here
Behold the Stock Exchange of Toronto where Nine_ender holds his LONG positions. Note its the same chart I posted a while back here on in another thread ........
New LAW of Trading for ET ...... derived from a prominent member of ET named Vanzandt 
Vanzandt goes by nickname BTFD = buy the f***in dip
The LAW is a life saver for any newbie trader. It can save lives of oldtimers but hey they don't listen anyway they go with the vanzandt herd
The Bear market is NEVER never never over as long as there are dummies buying the dips. The dip buyers guarantee that a BEAR has a long long ways to go.
Corollary: The only dips worth buying are the genuine bear market rallies. These are going to take market timing skills to nail down. They are not in realm of willy nilly dip buying.
Vanzandt goes by nickname BTFD = buy the f***in dip
The LAW is a life saver for any newbie trader. It can save lives of oldtimers but hey they don't listen anyway they go with the vanzandt herd
The Bear market is NEVER never never over as long as there are dummies buying the dips. The dip buyers guarantee that a BEAR has a long long ways to go.
Corollary: The only dips worth buying are the genuine bear market rallies. These are going to take market timing skills to nail down. They are not in realm of willy nilly dip buying.
See post #1117 above
Q.E.D.
https://www.wsj.com/articles/buying...firing-this-year-11664064845?mod=hp_lead_pos1
Q.E.D.
https://www.wsj.com/articles/buying...firing-this-year-11664064845?mod=hp_lead_pos1
Forget about Markets. WW3 is the next shoe to drop. Inevitable.
I have only one trade left. EurUsd (money loser)
All other positions in stocks and markets are closed today.
I'm FLAT.
I expect my Euro trade will be bust or I can turn it around soon after which I will cash that out too and split from Markets. Why? We won't get paid and more likely than ever the end of days is close at hand
I have only one trade left. EurUsd (money loser)
All other positions in stocks and markets are closed today.
I'm FLAT.
I expect my Euro trade will be bust or I can turn it around soon after which I will cash that out too and split from Markets. Why? We won't get paid and more likely than ever the end of days is close at hand