Posted by mirhamedali on 11th of Jan 2023 at 01:15 pm
RSI diverging on both 1hr and 15m charts
$VIX diverging badly
Wave 5 completing
Hitting resistance at the bottom of the gap ... I think it ma
try to fill the gap and fail or completethe gap fill - either way I
think a good short setup is coming
I cant imagine people wont take profits on this huge run up
the night before CPI
Posted by mirhamedali on 4th of Dec 2022 at 11:48 am
Matt/Steve, your prognostication has been spectacular all year!
Really simple to understand parameters. What do you
think about this QQQ sceario where we initailly move up to close
the gap (that would be a 68% retrace of the mid August move down).
I have that as a wave three of this A-B-C move up.
Followed by a move even higher to the mid august highs (that
would be a 50% retrace of the entire year's move down), to complete
five waves up within the larger wave C.
To me a move of this time and size looks appropriate before we
have a larger move downwards. On my weekly chart I have all
of this drawn up as a wave B up of a larger A-B-C move still to
complete.
Posted by mirhamedali on 28th of Nov 2022 at 10:18 pm
Initially they can start with Android which is open source.
Elon has software that essentially auto-pilot manned rockets
to the space station and AI for sel driving cars. A smart
phone cant be that difficult for him
Also keep in mind that Apple has a 50% profit margin on iphones.
Imagine Elon launches something that undercuts that price
point significantly? What deos that do to Apple?
Posted by mirhamedali on 28th of Nov 2022 at 06:26 pm
Its technically not hard at all since all the major cell phone
"makers" dont actually make anything. As a matter of fact
they dont even assemble the phones. Thord party companies
such as Foxconn assemble them. Every single major piece of
the phone can be purcahed easily from third parties. From the
RAM, processor, screen, camera, etc ...
Posted by mirhamedali on 28th of Oct 2022 at 03:20 am
Sorry, Not a great idea. Futures charts have totally different
Elliott wave counts very often. It would be a mess.
Many futures traders consider “cash charts to be king”.....
no offense intended.
Posted by mirhamedali on 21st of Oct 2022 at 10:48 am
Some short ideas about to breakdown now: RDFN, PATH, ROKU,
TDOC, NKLA, TXG
All over 1 M shares, and over $10.
They all had relative weakness over the summer move up, and
they have broken the summer lows a while ago and then failed on a
backtest of those lows so they are trending down quite strongly.
Also these stocks are all about 75% off of their highs (pure
growth bubble stocks)
Posted by mirhamedali on 2nd of Oct 2022 at 02:18 pm
Many of these indicators are really looking poor. It's really
supporting the thesis that the secular bull market is done as we
know it and we may now be in for a ten + year bear market (similar
to Japan).
The indexes are down by 30% but we still have no official
recession, no job contraction (we are still considered at full
employment all the way up to 5% unemployment), no consumer
sentiment contraction and no corporate earning contraction.
Unfortunately it looks like the dark days are not even here yet.
What will the markets look like at that point?
The community is delayed by three days for non registered users.
STS Performance Numbers? Do we have
Posted by mirhamedali on 4th of Jun 2023 at 04:49 pm
STS Performance Numbers?
Do we have any backtesting pubihsed on the STS indicators for the indexes or the top ten?
If you have an output for the list of signals then I could use that to put together some performance numbers myself.
QQQ looks like it really
Posted by mirhamedali on 18th of Jan 2023 at 10:08 am
QQQ looks like it really wants to close that gap.
quantifiabke edges is a great
https://quantifiableedges.com/an-unprecedented-breadth-trifecta-has-triggered/ Not sure if anybody here does this kind of math ...
Posted by mirhamedali on 18th of Jan 2023 at 10:03 am
quantifiabke edges is a great resource
RSI diverging on both 1hr
Posted by mirhamedali on 11th of Jan 2023 at 01:15 pm
RSI diverging on both 1hr and 15m charts
$VIX diverging badly
Wave 5 completing
Hitting resistance at the bottom of the gap ... I think it ma try to fill the gap and fail or completethe gap fill - either way I think a good short setup is coming
I cant imagine people wont take profits on this huge run up the night before CPI
Closed right at a supply
QQQ looks like its setting a large H&S
Posted by mirhamedali on 10th of Jan 2023 at 04:17 pm
Closed right at a supply zone. Picked up some lotto overnight put calls (1/11 390P @ 1.21).
I am expecting we will begin a drop down into the a C wave to complete a larger wave 2 down
QQQ looks like its setting
Posted by mirhamedali on 10th of Jan 2023 at 02:10 pm
QQQ looks like its setting a large H&S
good point timebandit
HYG diverging higher from $SPX today
Posted by mirhamedali on 7th of Dec 2022 at 11:39 pm
good point timebandit
Matt/Steve, your prognostication has been
Market Scenarios short-term - all in one chart
Posted by mirhamedali on 4th of Dec 2022 at 11:48 am
Matt/Steve, your prognostication has been spectacular all year! Really simple to understand parameters. What do you think about this QQQ sceario where we initailly move up to close the gap (that would be a 68% retrace of the mid August move down). I have that as a wave three of this A-B-C move up.
Followed by a move even higher to the mid august highs (that would be a 50% retrace of the entire year's move down), to complete five waves up within the larger wave C.
To me a move of this time and size looks appropriate before we have a larger move downwards. On my weekly chart I have all of this drawn up as a wave B up of a larger A-B-C move still to complete.
Initially they can start with
Interesting to know: Did you know Apple puts a secret 30% ...
Posted by mirhamedali on 28th of Nov 2022 at 10:18 pm
Initially they can start with Android which is open source.
Elon has software that essentially auto-pilot manned rockets to the space station and AI for sel driving cars. A smart phone cant be that difficult for him
Also keep in mind that Apple has a 50% profit margin on iphones. Imagine Elon launches something that undercuts that price point significantly? What deos that do to Apple?
Its technically not hard at
Interesting to know: Did you know Apple puts a secret 30% ...
Posted by mirhamedali on 28th of Nov 2022 at 06:26 pm
Its technically not hard at all since all the major cell phone "makers" dont actually make anything. As a matter of fact they dont even assemble the phones. Thord party companies such as Foxconn assemble them. Every single major piece of the phone can be purcahed easily from third parties. From the RAM, processor, screen, camera, etc ...
Sorry, Not a great idea.
This place is the best place, but I would love ...
Posted by mirhamedali on 28th of Oct 2022 at 03:20 am
Sorry, Not a great idea. Futures charts have totally different Elliott wave counts very often. It would be a mess. Many futures traders consider “cash charts to be king”..... no offense intended.
Yes, good news is bad
I would think this GDP growth is bad news given ...
Posted by mirhamedali on 27th of Oct 2022 at 08:55 am
Yes, good news is bad news. Bad news is good news..... For the Fed :-)
Wow scary accurate!! Thanks Matt.
SPY short entry this afternoon ? Matt; Your alerts ...
Posted by mirhamedali on 27th of Oct 2022 at 08:53 am
Wow scary accurate!! Thanks Matt.
VMEO
Some short ideas about to breakdown now: RDFN, PATH, ROKU, ...
Posted by mirhamedali on 21st of Oct 2022 at 10:54 am
VMEO
Some short ideas about to
Posted by mirhamedali on 21st of Oct 2022 at 10:48 am
Some short ideas about to breakdown now: RDFN, PATH, ROKU, TDOC, NKLA, TXG
All over 1 M shares, and over $10.
They all had relative weakness over the summer move up, and they have broken the summer lows a while ago and then failed on a backtest of those lows so they are trending down quite strongly. Also these stocks are all about 75% off of their highs (pure growth bubble stocks)
Wave 4s are so tough
Looks like a cup and handle. With the cup just ...
Posted by mirhamedali on 4th of Oct 2022 at 01:09 am
Wave 4s are so tough to trade.
We could be just forming the A here of a larger ABC.
VIX lagging - didnt make
Posted by mirhamedali on 3rd of Oct 2022 at 04:26 pm
VIX lagging - didnt make lower low
Renko - 2 bars up And
Posted by mirhamedali on 3rd of Oct 2022 at 04:17 pm
Renko - 2 bars up
And MACD turning up
Many of these indicators are
SPX Stocks Above 200 50 20 MAs
Posted by mirhamedali on 2nd of Oct 2022 at 02:18 pm
Many of these indicators are really looking poor. It's really supporting the thesis that the secular bull market is done as we know it and we may now be in for a ten + year bear market (similar to Japan).
The indexes are down by 30% but we still have no official recession, no job contraction (we are still considered at full employment all the way up to 5% unemployment), no consumer sentiment contraction and no corporate earning contraction.
Unfortunately it looks like the dark days are not even here yet. What will the markets look like at that point?
Yeah looks bad. Even if
How bad will it be if Credit Suisse is indeed ...
Posted by mirhamedali on 2nd of Oct 2022 at 12:51 am
Yeah looks bad. Even if there is no real counter party risk it will set off a market panic.
The CEO had to issue a memo on Friday cooling off the rumors. Where there is smoke...
Get your popcorn out for the Sunday night futures!
What do you guess the market open looks like on Monday?