NQ - Larger Potential Structure / 10 Steps to Trading AbsolutionExploring Structure to the Daily TF from a number of perspectives, this
particular one began to increase in Probability.
It is not strictly conventional - it does however make far more sense than
the Alternate Draws/Structures reviewed.
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What dear reader brought about the pursuit for "alternates" - ?
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The Death of Convention in both, Investing and Trading.
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Step 1: Powerless
"Hello my name is __________ and I am a Degenerate Gambler
at the Casino Royale.
Placing oneself within an abiding construct - Box checked.
The Casino is nothing more than a Wealth Transfer Mechanism
with distortions at extreme Levels unseen in prior Equity Market
Manias. As it has been for decades.
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Step 2: Power of Restoration
Not happening, the Global Economy continues to Dive deeper into
the morass of Collusion, Criminal Activity, Cons, and Corruption.
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Step 3: Higher Power Understood
Playing the "Game" is something, 5 decades later... I was never good
at or even cared to be with one exception - Capital adherence to the
Power.
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Step 4: Moral Inventories
Be kind, be just, and be a positive Force within Humanity, it is all we
truly have.
If you have knowledge of material importance from your Life experience,
you are obligated to share.
Why this place exists, an obligation to fellow Humans, Apes and fellow
Degenerate Gamblers at the Flamingo.
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Step 5: The Wrongful Addmissions
What works, what does not. Self Interest at work and play.
Someone must Lose for us to Win. This is rather painfully obvious,
and yet a bitter Pill.
It is Trading 101.
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Step 6: Surrender of Defects, Admission
We all have our Blemishes. Moral Compasses aside, you either
Win or Lose, to every Choice in Trading - there is indeed a Consequence.
Transfer of Capital is the Objective
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Step 7: Removal of Shortcomings
Humility - a warm and fuzzy place. The bosom of Humanity. Unfortunately,
in order to survive "Transfers" - you are either a predator or prey.
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Step 8: Amend Harm
A long list at this point, too long to complete. For every gain, someone's life
is invariably changed in some way, small or large.
Your gain can be another's rent, car payment, food bill, utility payment,
kids college fund... Choice/Consequence - Absolution.
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Step 10: Absolution
Having a spiritual awakening certainly is not required. It's a bit late stage for
this event.
Stay at home has created a large Pool of Degenerates (Inexperienced) who have
run out of Rope, well the majority who couldn't afford to have their lifeline
removed.
It has been, too late again.
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Why is any of the above non-sense remotely relevant?
Good question dear reader.
Here is my perspective (Not answer, cuz I sure as F_ck don't have one you'd enjoy
reading).
We are in the Lates Stages of the "Greatest Bull Market in History" from the perspective
of Purchasing Power, Choice, Freedoms, and a list that would take months to complete.
Attempting to "Trade it until the lights are shut off" is about all I got.
From this Degenerate Gamblers perspective, the Jumbos are simply using Leverage
via Options activity to move Price Higher within the Confines of Gamma/Delta...
We appear to be setting up a "Correction" in November as the Potential for an accident
is present, probable, and prescient to this Tea Leaf reader's tired eyes.
If the above Wave Structure is closer to reality, November should be a solid month of
movement down, in both Scope and Scale.
We cannot see how the Jumbos are positioning in Dark Pools, it remains a mystery
amongst all the manipulations and distortions.
9/9 Completes on Monday, extending it... again within the present Indications is going
to a difficult task, as Counter-Party Risk - is quite large for all those Option Writers
who in order to gain Delta... own a copious amount of OverPriced Equities.
If 4/5 was not met and we remain in 3/5 on the Larger TF, there should be a sizeable
10-15% correction approaching as we reach the Upper Treend Line Indentitifed in the
Chart above.
- HK
