DaddySawbucks

DaddySawbucks Updated 

We got a big 'W' which is Bearish. The right arm of W is lower than the left was; it is a Cypher. The Nenstar inside the Cyper was a smaller formation with a larger right arm than left; hence, Nenstar. Both Shark patterns; both 'W's and both Bearish. Get ready to Fill My Gap!! This is not trading advice and should be taken with a grain or even a full shaker of...

DaddySawbucks Updated 

Chart says all; simple idea. Most often after one of these wedges breaks up it will fall back to retest the upper TL before it really takes off. Would give inverted H&S and a higher low; could be the start of an impulsive move higher, to give a double top. Small gap is a weak draw higher. As always, just a nother crackpot idea; FGS do not trade off this, trade...

DaddySawbucks Updated 

Cyclical stock, truck sales booming online with retail stores closed, lol. Buy em sight unseen, delivered to your door! Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value. Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction...

DaddySawbucks Updated 

Just another distracting pattern, can't help noticing these. Eventually by chance one will be confirmed, LOL! Enjoy and remember this is not trading advice, just another pretty picture, GLTA!

DaddySawbucks Updated 

Chart says all. Formed bull flag past four sessions; looking back at last instance when lower TL was tested 14-18 May, the gap up from there resulted in a 5-day bull flag grinding down to 0.382 Fibo; Monday 22 Jun will be day 5 in this flag. Channel gaps all filled Friday. Pattern looks just like late May again, bounce off lower TL and bull flag grind for a...

DaddySawbucks Updated 

Chart shows all. At the indicated futures price, ES mini-Futurz trades exactly at the gap fill price and upper support TL at 3080; Trend has been UP;; Fighting the Trend has proven Disastrous since 23 March!! FGS be carefull my Dear Bears!!! I am closing all my shorts at the open; take what the market gives and expect the opening gap to close quickly IMO! Taking...

DaddySawbucks Updated 

Up TL broken; DT in progress, Bear Rally = EW 2; Chart details suffice IMO; Shark Nenstar is in play, Tar 2498-2530; Res Ipse Loquitur! EW Projections are Estimates based on most common occurring Fibos; This is NOT investment advice; trade at your own risk; GLTA!! Ref: JJ Murphy, Fig 4.10A, p. 72 (TL Rejection) and EW Chapter Theory: cdn.preterhuman.net Ref:...

DaddySawbucks Updated 

LIkely headed lower IMO. Just guessin'... not investment advice!

DaddySawbucks Updated 

Bearish Nenstar harmonic, cousin to shark, cypher, bat/butterfly patterns; a Gartley variant. Typically the selloff from pattern completion at D is a .50 retracement of the CD leg up. In this case, price would be expected to drop ~150 pips to close the gap at 2864. Nenstar and Cypher patterns are variants of Sharks. Basic form: C is lower than A. In Bearish...

DaddySawbucks Updated 

Details in chart. Huge FOMO rush to pile back in left a monster gap to fill 90 pips below. Another big gap at 2538.2 never filled. It will fill... Time cycles projected above, top-to-top time is ~ biweekly, 3-4 up days, 2-3 down days, 3-4 up days, ~ nine sessions. Trading >2SD above 20DMA, green line. This has been the magnet drawing price reversion to mean....

DaddySawbucks Updated 

Chart says all. This recovery in bear market will be longer and more volatile by far than the 2018 minicrash V-recovery. Historically, most bears follow a WXYXZ path, with second X weaker than first, a lower high. The Z leg might be at or slightly above the 23 March low; a 5th wave extension could push it down to 1.272 x wave 1, to carry index around 1770. The...

DaddySawbucks Updated 

IWM and RUT have retraced half the steep March selloff. Bearish divergence from NQ which is at 91% and other major indexes at the 0.62 Fibo. Small business getting killed in the epidemic with global shutdowns. Full impact will only be apparent later this year; expect a double bottom.

DaddySawbucks Updated 

EW labels as charted suggest an ABC is unfolding in a Zig-Zag corrective structure: The 5-3-5 pattern is emerging, with the C wave 5-impulse remaining to fill; Bear market rally 'B' wave has taken form of a WXYXZ 3-3-3 minute wave pattern, 3 counter waves each in turn consisting of 3 minute waves (minute labels omitted for clarity); the double topping ending...

DaddySawbucks Updated 

Tie-in to my EW combo wave idea for DJI. Indexes could move a bit higher off this shallow pullback on 4/13, to the 0.618 Fibo at 2937, as we saw at the 0.382 level; or rollover straight from here. A = 360 pips = C... ominous IMO. The secondary selloff could terminate at or near first selloff bottom ~2190; or dig a little deeper, or form a higher low, but it is...

DaddySawbucks Updated 

Chart says most all. Expect lower low around 17K in late May or early June. In 2008 and again in the two zig-zags of 2018, we saw the Elliott complex wave WXYXZ recur. W is pretty clearly carved out, lol. X1 is nearly completed, or at completion. Short entry for Y. Y has been a higher low, followed by a lower high at X2, giving the 'hunchbacked M' pattern which...

DaddySawbucks Updated 

Lotta ppl thinking this is gonna repeat Jan 2019. That was a Bull Corrrection. This is a Bear. Bears grind for a Long Time. Median expected ~7-9 months. CV19 will take ~3-4 months to burn thru US population. April will be the Cruelest Month IMO, tens or even hundreds of thousands of cases. A Fool's Rally to the 0.50 Fibo around 24K will likely provoke a second...

DaddySawbucks Updated 

Breaking the 200 week MA is a severe technical breakdown. Becomes bottomless after this. Last seen in 2008, 56% selloff. Panic selloff. Irrational exuberance replaced by irrational fear. Short the rallies, try not to get killed; GLTA! Not advice, clearly just an irrational idea. A fierce bear rally can occur at any time, trade at your own risk.

DaddySawbucks Updated 

Chart says all. Has been support in 2015/16 and 2018. WIll it hold again? I hope so; I'm going long here. 2054 is just 90 pips below now, IMO might see it this week. We do have a Bearish engulfing candle on 3/11, ominous for lower... but price forms a descending wedge, pop could come anytime now IMO. The selloff was so rapid and intense, the buyback will be a...