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GME and Wyckoff's Composite Man“…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.” (The Richard D. Wyckoff Course in Stock Market Science and Technique, section 9, p. 1-2) Wyckoff advised retail traders to try to play the market game as the Composite Man played it. In fact, he even claimed that it doesn't matter if market moves “are real or artificial; that is, the result of actual buying and selling by the public and bona fide investors or artificial buying and selling by larger operators.” (The Richard D. Wyckoff Method of Trading and Investing in Stocks, section 9M, p. 2) Based on his years of observations of the market activities of large operators, Wyckoff taught that: The Composite Man carefully plans, executes and concludes his campaigns. The Composite Man attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions involving a large number of shares, in effect advertising his stock by creating the appearance of a “broad market.” One must study individual stock charts with the purpose of judging the behavior of the stock and the motives of those large operators who dominate it. With study and practice, one can acquire the ability to interpret the motives behind the action that a chart portrays. Wyckoff and his associates believed that if one could understand the market behavior of the Composite Man, one could identify many trading and investment opportunities early enough to profit from them. Wyckoff's composite man theories, price cycles, schematics of accumulation/distribution and three laws have helped me a great deal in understanding how markets work. Just as important has been Cem Karsan . The 19th I mapped out in this chart of a buy the dip trend: was originally identified by Cem since 2020 as the Fed pumping stimulus (liquidity) into the markets. The Fed stimulus creates a well fed Gary (ape). Gary is what people in vol markets refer to as how the majority of market markers are positioned for volatility. If a majority of MMs are long vol (well fed ape) it makes it harder for the underlying structure of the market to break down (corrections). Karsan identified this cycle of (dips) as a result of end of MM and HF 20 day cycles. With so much liquidity in the stock markets right now a well fed gary creates a pinning effect in major indexes for expiring contracts /hedging cycles. Using order flow (supply / demand) of major derivatives, Karsan is able to identify market support/resistance levels from volatility hedges and dozens of other factors with weekly/monthly pin point accuracy. What I think is causing all the short squeezes lately (AMC, SPRT, etc..) is that more people are identifying this cycle. All the short squeezes started up again at this wyckoff markup phase. Gamestop is one of the OG short squeezes and the effects of these cycles/phases are clear in the charts now. There are several posts on popular subreddits related to these phases/cycles going back to the original short squeeze in Jan. The thing with Gamestop are the Wyckoff price cycles are diminishing in volume and I don't know what that means.
NYSE:GME
by SPYvsGME
4
AMC Short Squeeze Prediction (Third Times A Charm)When looking at AMC's price action in the previous months, September, particularly the week of 6th-10th, is looking real bullish for AMC. The first squeeze attempt happened Wednesday January 27th, the second Wednesday June 2nd. Both occurred in weeks where Monday landed on a holiday. Is it a coincidence that AMC's price action is rising and that September 6th happens to also be a holiday? Take this with a grain of salt because AMC is a hard one to predict, but September 8th looks really good on my calendar.
NYSE:AMCLong
by TradingWithEmotion
3
MOASS has just started. GMEThe mother of all short squeezes has just started and we think it will lead to a wave of liquidations, obliteration and bankruptcies of tradfi. We need to see the inefficient go before the new age can come into the foray. It looks like the short squeeze is ready to start from here it can happen before or after the crypto pump. BULL CASE Price goes to test the all time high after a short retest of 180. BEAR CASE Market makers tries to liquidate some more longs near the 120 level before the short squeeze begins.
NYSE:GMELong
by IkanBilisCapital
3
possible $800 GME pumpover the past few months we have seen some unrealistic price movements in GME. i think that we are about to get another/ final unrealistic pump before GME goes back down to a realistic price. on this chart you can see fib time zones showing that big price movements happen after crossing one, right now we are about 1 week away from crossing one which means we could possibly get a pump. GME price is forming a triangle pattern which means we could get a pump after were break it.
NYSE:GMELong
by r2d22010
AMC Chart Update - One for the Apes. Pt2!!!NOT FINANCIAL ADVICE!!! The Pattern has played out perfectly to the dot. Reversal wedge retested and bounced off nearly right within my 2 week timeframe. We should be seeing $60 in the coming weeks and a break out from there to the upside. Price Target for first consolidation after breakout for me is between the $150 - $200 mark. Hold strong and Hold Long. Projected Time Frame to take profits should be Q4 (Which is where I believe the final short squeeze to happen), that's also when the execs can take profit from their shares and falls in line with the last all around the board push(Metals, Tech stocks, Crypto, Ape Stocks).
NYSE:AMCLong
by Ikigai_Kaizen
11
A Non-Random Pattern..!Jim Simons: we should try to trade patterns that happen on a non-random basis..! Now with higher confidence, we can say Wall Street bets are predictable..! NYSE:AMC with a 22 billion market cap gained more than 20% in a single day! Today's price*volume: 9.9billion second to BABA and 10% above Tesla..! Why this is important? because the last time this phenomenon happened it was the start of a Gamma squeeze..! I will not surprise to see it ranked first tomorrow! To learn more about it please read my previous post: August 23-24, 2021: Max Pain or Short squeeze? Is there hidden rationality beyond irrationality? Short Squeeze or Gamma Squeeze that is the question? August 20, 2021: This is called WSB effect..! In the past few days, I published posts about Wall Street Bets and how they conquered the market! They are not just a group of "Apes" unlike what many think, there is a master puppeteer and a core behind this phenomenon who know market mechanics top to down, the power of social media, data analysis. The master puppeteer has learned to survive in life and career with a false identity many years ago from his grandmaster..! To wrap it up, do not take an opposite position this could last for a while..! Today was the largest gain and trading volume since last "Quadruple Witching" June 18, 2021..!
NYSE:AMCLong
by Moshkelgosha
15
Short Squeeze or Gamma Squeeze that is the question?Money Injection Pattern: market Cap:14.6 B Shares Outstanding:76.8M Shares Short: 7.66M Short Interest(%): 10% Avg. Volume (10 days): 1.27 M Days to cover: 7.5 Ownership Breakdown: Institutions: 32.7% General Public: 48.7% Hedge Funds: Individual insiders: 18.5% Option profile: for next Quadruple witching Total OI:41,915 Put Call Ratio:2.71 Put OI:13,926 Call OI:27,989 Highest Put:$150.00 Highest Call:$170.00 Max Pain: $162.50 Open Int (30-Day):671,920
NYSE:GMELong
by Moshkelgosha
11
Is there hidden rationality beyond irrationality?Gama Squeeze Happens between Quadruple Witching Dates When stock prices experience rapid shifts, the conditions may be ripe for a squeeze. In this scenario, investors may find themselves buying or selling shares of stock outside their normal trading pattern in order to minimize losses. A gamma squeeze is an extreme example of this, in which investor buying activity forces a stock’s price up. Gamma squeezes are often associated with options trading and they can be problematic for investors who don’t fully understand how they work. A short squeeze is a specific type of stock squeeze. With a short squeeze, an increase in stock prices can force people who shorted the stock to buy back their shares. How a Gamma Squeeze Works Certain conditions have to be met for a gamma squeeze to manifest in the market. It starts with investors making assumptions about a particular stock’s price. Specifically, they assume that the stock will rise in price. This leads to buying short-dated call options in the stock on a large scale. A call option’s value increases when the underlying stock it’s associated with increases in value. Meanwhile, this puts the institutional investors selling the options in a short position. If this pattern continues with investors sinking more money into call potions, that can force institutional investors to buy more shares of the stock. This is a necessary step for hedging against the short position they now find themselves in. The gamma squeeze happens when the underlying stock’s price begins to go up very quickly within a short period of time. As more money flows into call options from investors, that forces more buying activity which can lead to higher stock prices. Investors who purchased call options and sell when stock prices are high can reap sizable profits but the institutional investors who had to cover their short positions might see significant losses. (1) Now lets review 10 famous example in 2021: 1- NYSE:GME 2- NYSE:AMC 3- NYSE:BB 4- NASDAQ:BBBY 5- NYSE:NOK 6- NASDAQ:CLOV 7- NASDAQ:SOFI 8- NASDAQ:WKHS 9- NYSE:FSLY 10- NASDAQ:NAKD As you see all these spike patterns happened between Quadruple Witching Dates! What Is Quadruple Witching? Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December. Quadruple Witching Dates 2021 March 19, 2021 June 18, 2021 September 17, 2021 December 17, 2021 I believe a new round of Squeezing has just started and VLDR and GOEV, two of the most shorted stocks are just the tip of the iceberg. GOEV: Short Percent of Float 32.48 %, 32.3M, 10 days to cover..! VLDR: Short Percent of Float 16.06 %', days to cover 4.5 Do you know Which stocks have the potential to be the next Short or Gamma squeeze??? Reference Article: www.yahoo.com www.investopedia.com
NYSE:AMCEducation
by Moshkelgosha
24
GME Bollinger Squeeze Imminent GME is consolidating along this $150 level, and I'm expecting to see it make an upside move as it approaches q3 earnings. Earnings, or their anticipation, have proven to be a strong catalyst for GME before. Price action has just moved off of a strong zone of support (pink solid line), which led to a 152% rally after it's retest in May. A measured Fib Time Zone from each squeeze (excluding initial rally) call for a day of significant price action on the 7th of September, coincidentally being *the day prior* to it's next earnings call. Bollinger bands are tighter than we've seen for GME in over a year, which is typically understood to precede a large upside move. From Investopedia, "When Bollinger Bands are far apart, volatility is high. When they are close together, it is low. A Squeeze is triggered when volatility reaches a six-month low and is identified when Bollinger Bands reach a six-month minimum distance apart". Currently GME is meeting all the criteria required for a BB squeeze as it's price action volatility reaches a 12 *and* 6-month low. Investopedia elaborates, "The next step—deciding which way stocks will go once they break out—is somewhat more challenging. To determine breakout direction, Bollinger suggests that it is necessary to look to other indicators. He suggests using the relative strength index (RSI) along with one or two volume-based indicators such as the intraday intensity index (developed by David Bostian) or the accumulation/distribution index (developed by Larry William)". Lovely information! To determine breakout direction by the book I added RSI and accumulation/distribution indexes to the chart. Between the 15th of July and the 4th of August, GME price action made two notable lower lows, the second of which tested the aforementioned 150 solid pink support level. However between these same two points, RSI made notably higher highs, representing positive divergence, and has continued to climb since. Investopedia continues, "If there is a positive divergence—that is, if indicators are heading upward while price is heading down or neutral—it is a bullish sign". Noted! Taking a look at Accumulation/Distribution, we can also see that GME has been distributed down to -11m, a level it hasn't touched since March 5th. After it reached this level in March, a short re-accumulation of just 0.5m led to a price action rally of 154%. MacD, not pictured, is tangling along the 0.0 level as it tends to do before significant moves. Overall the structure of GME has formed a narrowing wedge. Any violation of this wedge to the downside should warrant an IMMEDIATE stop loss on all positions. Otherwise a fair bullish target pre-earnings could be anywhere between $191 and $343 Fib levels.
NYSE:GMELong
by ITMmatty
6