3000 BY HALLOWEEN, DRAFT 5E, JULY 4TH ADJUSTMENT
Continuing from previous notes in DRAFT 5D, people over here really do take their holidays seriously. The only one time that a massive rally started July 4th is 2011 all time high rally. Price ran up 28.5 % in 45 days STARTING ON 7/4. Do we have the technical data to say we can break the July 4th lull? I don't have any conviction that we do. New York markets are actually closed ONE AND A HALF DAYS THIS YEAR because we close early 7/3.
1) so this is this the most updated draft (similar to 5D, but more accurate)
2) I have number crunched the rest of the data
3) and found nothing worth getting excited about
4) the exception is THE DIAGONAL DASHED LINE
5) in the chart above
6) if price holds and notably exceed this trend line
7) FOR NEXT 36-48 HOURS
8) then we will talk about it
9) a move down RIGHT NOW tonight to 2317...
10) makes this look more like blue line
11) and eliminate all faster routes completely
1) so this is this the most updated draft (similar to 5D, but more accurate)
2) I have number crunched the rest of the data
3) and found nothing worth getting excited about
4) the exception is THE DIAGONAL DASHED LINE
5) in the chart above
6) if price holds and notably exceed this trend line
7) FOR NEXT 36-48 HOURS
8) then we will talk about it
9) a move down RIGHT NOW tonight to 2317...
10) makes this look more like blue line
11) and eliminate all faster routes completely
Note
7:11 PM 12) if this thing doesn't move, you'll get vol compression
13) and then nothing happens this week
Note
14) needs to move soon, blue route is gonna have a hard time w/ vol compression15) like this:
Note
16) 7:54, vol compressionNote
17) scrap this chart
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