NVDA
In a previous post, I plotted George Bayer's "Egg of Columbus" cycle coding suggesting a top. Days later and since then we have witnessed the next phase of constant "P" and "S" which follows after the feast.
We witnessed the dump and now double top. Soon the cascade. Analysts are describing reasons why they think its suddenly come down. Sales, projection models, Bearish news, etc...
Simple, it's too expensive and priced in to sell and take profits. We will likely see sharp drops with sudden areas of distribution for the rest of the year.
Sept/Oct may see more panic selling as holders try to liquidate before others do. Bag holders are likely be stuck for the next year and adding to position until cash positive again years later because they believe in the company.
Read George Bayers coding to help recognize where you are in the present cycle and you may agreed.
The bottom will not be seen until the "soup" phase, the quasi double bottom with a higher low. At what price? You will know when everyone is thinking you are insane for starting to accumulate when nobody else would. Till then, we watch the drama unfold and the crazy excuses as to why it's happening. The answer is simple...price ahead of time. What say you??
Trade safe. M~
I am 100% wrong...
We witnessed the dump and now double top. Soon the cascade. Analysts are describing reasons why they think its suddenly come down. Sales, projection models, Bearish news, etc...
Simple, it's too expensive and priced in to sell and take profits. We will likely see sharp drops with sudden areas of distribution for the rest of the year.
Sept/Oct may see more panic selling as holders try to liquidate before others do. Bag holders are likely be stuck for the next year and adding to position until cash positive again years later because they believe in the company.
Read George Bayers coding to help recognize where you are in the present cycle and you may agreed.
The bottom will not be seen until the "soup" phase, the quasi double bottom with a higher low. At what price? You will know when everyone is thinking you are insane for starting to accumulate when nobody else would. Till then, we watch the drama unfold and the crazy excuses as to why it's happening. The answer is simple...price ahead of time. What say you??
Trade safe. M~
I am 100% wrong...
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