3309 Drysdale Ct
Edwardsville, IL 62025
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
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 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. 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 news. Bad news is good news..... For the
Wow scary accurate!! Thanks Matt.
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 to trade.
We could be just forming the A here of a larger ABC.
VIX lagging - didnt make lower low
Renko - 2 bars up
And MACD turning up
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
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 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
Steve, if price accelerates down immediately on Monday then it
becomes impulsive to the downside and the ED is off the table
If it becomes impulsive then it may bust through all the
divergences. That may trigger a waterfall decline.
This could be a really nasty three of three of three
Or.... This could only still just be a 1-2 which means even more
bearish to the downside. Very interesting two weeks ahead of
Jobs numbers on Friday could be fireworks if numbers are strong.
Based on jobless clsikes they may be strong
This is another awesome indicator Matt. Thanks so much. Adding
to the toolbox.
Yes I also find that options are hard for short term trading for
that reason. Plus the commissions.
I have been using options along with the daily KISS signals
however and making a killing! Thanks for that. Those are longer
term swing holds.
This poses a very real and serious risk to corporations trying
to raise money.
Stopped right at the weekly MA.
There seems to be a pattern of buying coming in the final hour.
Especially after a plunge
9, 13 Demark on the daily charts. Isn't that like a HUGE
(I am a bit new to Demark)
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