You can thank Powell for that.
Reversal Shorts - Top in
- Thread starter jazzsmn
- Start date
You can thank Powell for that.
His name should be POW POW POW!
Don't stop there. I can add hundreds more symbols to discredit Wave Theorists. Perhaps thousands.. And even that won't be enough. Then move to TA & FA. 95% traders fail. So TA & FA & Cycle Theory et al are all bogus? LOL
Its the practitioners, son, always has been, always will be.
Marketing/Sales/Finishers .......... 999 out of a 1000 fail. Interviewers get screwed because of time wastage finding the right guy who can bring down the moolah. All have access to the same books, theory etc., yet only a few truly kill it.
Its the practitioners, son, always has been, always will be.
Hello @fibo_trader. Had a relaxing vacation?
Amigos notice this too. ... an oddity, a real oddity, so odd that it does not compute. ......
ask a layman about US markets and they say, "yeah, going straight up forever"
But traders/investors ought to know nothing goes up forever, there's got to be at least a correction. Here, even THAT is not acknowledged. Even the big drop from Oct 3 had an upward correction.
Many here are going to be in a ton of hurt with the inevitable 38.2% - 61.8% correction EVEN if the presumed bull then continues.
They also didn't notice the nice juicy RSI(21) trendline that clearly defines SPX rally from Dec 26, 2018. Hugging the line so beautifully. Break that and the correction is underway in a jiffy. Macd trendline already broken. SPX daily Trendline already broken, now hugging the underside, going up.
Of course nobody noticed the triple top
Done! SPX breaks her RSI trendline. See quote. Also note, much earlier I ponted out to poster volpri that SPX had broken her own Price action trendline on April 18, and since then has been hugging the underside of the line going up. This is weakness any which way.
Who/what gave the signal first? SPX Macd trendline called it first on April 10.
QQQ & SPY busted. Qs trendline break on 4/30
Transports Trendline break RSI & Macd started today, Price right smack ON the line but no break yet
NYA busted. i.e. New York Stock Exchange enters the crapper. When did NYA Price trendline break? April17. When did RSI TL break? April 24.. But which of Price's sons called it first-est? Why of course, Macd on April 12, then returned to line to test it, kissed it and bolted south on April 16. Where did all this occur? At 261.8% on the button. Textbook play.
Transports Trendline break RSI & Macd started today, Price right smack ON the line but no break yet
NYA busted. i.e. New York Stock Exchange enters the crapper. When did NYA Price trendline break? April17. When did RSI TL break? April 24.. But which of Price's sons called it first-est? Why of course, Macd on April 12, then returned to line to test it, kissed it and bolted south on April 16. Where did all this occur? At 261.8% on the button. Textbook play.
So, I am like driving a muscle car with a full cam and you like driving a car that is hopped up on steroids by changing the chip. High tech?
What you gonna do when the bulls come for you?
Using indicators are like looking at the race after it is over. If you must use indicators then use price and not a derivative of price.
“Price is the best indicator of price.”
Make haste and put this on a sticky at the top of your computer.
There are many waves. Many cycles. My wife doesn’t have to understand waves to dry her hair with a hairdryer. She just needs to know there is POWER (pressure..i.e. voltage and sufficient amps) in the plug and to turn the hairdryer on and off (that is, execution and management).
The markets are bullish not bearish.
ROFLMAO
What you gonna do when the bulls come for you?
Using indicators are like looking at the race after it is over. If you must use indicators then use price and not a derivative of price.
“Price is the best indicator of price.”
Make haste and put this on a sticky at the top of your computer.
There are many waves. Many cycles. My wife doesn’t have to understand waves to dry her hair with a hairdryer. She just needs to know there is POWER (pressure..i.e. voltage and sufficient amps) in the plug and to turn the hairdryer on and off (that is, execution and management).
The markets are bullish not bearish.
ROFLMAO
If el Top has been correctly called, then once and for all the best leading indicator should be as it always has been, namely Crowd aka Herd Sentiment as measured by so many indicators out there like Schwab, Univ. Michigan, DSI, bla bla. All out the window. There is only ONE true King.
VIX
Vix called the First catastrophic crash on Jan 16, 2018, 10 days before the world stock market Top of Jan 26, 2018.
But babe was not done yet. She then called the next crash of Oct 3, 2018 on August 30, 2018 - imagine that, one whole month BEFORE. Now that is what I call a Leading Indicator.
And now finally to babe's magnificence TODAY, May 1 = sell in May & go away = who said she don't got a sense of humor?
She gave signal on April 9 on Macd, then RSI signal April 25.
And the creme de la creme? A 61.8% on the button hit on April 17 & then today's Price Trendline break.
But wait, there's more. ...... Universe provides redundancy in spades. How so? From Dec 26 top in Vix to April 17 low, extrapolation of immediately previous wave gives a hit at 123.6%
VIX
Vix called the First catastrophic crash on Jan 16, 2018, 10 days before the world stock market Top of Jan 26, 2018.
But babe was not done yet. She then called the next crash of Oct 3, 2018 on August 30, 2018 - imagine that, one whole month BEFORE. Now that is what I call a Leading Indicator.
And now finally to babe's magnificence TODAY, May 1 = sell in May & go away = who said she don't got a sense of humor?
She gave signal on April 9 on Macd, then RSI signal April 25.
And the creme de la creme? A 61.8% on the button hit on April 17 & then today's Price Trendline break.
But wait, there's more. ...... Universe provides redundancy in spades. How so? From Dec 26 top in Vix to April 17 low, extrapolation of immediately previous wave gives a hit at 123.6%
I would think fibo is in hiding...LOL