DaddySawbucks

DaddySawbucks Updated 

Twin peaks... double top... engulfing bear candle... rejecting midway between the fibos... it's a 2/3 retracement. Cries of 'new bull market!' are delusions... divergence is not bullish. Look at RUT. Rally was 1/3. Not even close to NAZ. NAZ rallied 100%, some issues ATH. Re-inflated bubble. Re-burst incoming... soon.

DaddySawbucks Updated 

IF it break not under, may get dip buyers and test upper band again. IF she breaks below, can get a sharp sell then lift back to TL before the big dump. Either way it won't go straight down... but you knew that! Watch and see. No position yet, closed all. NB: Indexes and many stonks have printed a 'measured move' A-B-C over past three months, since March...

DaddySawbucks Updated 

Pushing over top of Bolly Band. 400 pips above the 50DMA. Last time we saw this it gave up 100 pips in 2 days. But it could still go to the 0.786, another 100 pips above. After a melt-up like this the price may continue to creep higher for days, then give a retracement, printing a 'fishhook'. PA on 6/15 was astonishing. Opened and closed twice thinking; "That...

DaddySawbucks Updated 

"The Bull Market is back!" Say the TV talking heads. But in spite of the tech runup, small caps remain stagnant and 40% of stonks still trade below their 200 DMA. So, the 'bullishness' is limited to the glamour go-go issues. NVDA, MSFT, AAPL, MSFT, AMZN, GOOG META... etc etc all go higher, while the rest languish. That ain't a bull market, it's a Bear Market...

DaddySawbucks Updated 

The Great Fleecing of novices and fools continues. First, a massive year-long rally was permitted to run its course all through 2021, price climbed inexorably higher and higher to astronomic regions. Euphoria was universal. Stonks only go up! No time for Puts! gOgOgO!! Bulls made money. Second, came the Wyckoff distribution we have seen all year long in 2022,...

DaddySawbucks Updated 

Chart has it all. Notice every prior local top is a point, no plateaus, after squeezing the upper Bolly band, they rollover. August gap is a magnet. Once filled, much higher seems improbable. Fewer issues advance the price, moves up on lower volume, weaker RSI. Lot of participants been waiting to sell at this price. The dump after this rally dies could be...

DaddySawbucks Updated 

Prices go oversold on Wednesday and overbought on Thursday. Welcome to the new normal. Good luck with it! Looks like we may be entering Wyckoff accumulation phase. Price has been rangebound this year. Notice that we are at same price as May 23 2022. Near the end of a bear market, prices will usually suffer a final capitulation. This might not occur for weeks or...

DaddySawbucks Updated 

Get Ready. VIX rising with rising price. RSI <60, got 70 at the Head > divergence. Do not buy into this fake rally. Bear ain't over, after hibernating all winter, it will come out hungry in springtime. 900 days. VIX >40. Watch.

DaddySawbucks Updated 

Short the rallies! Every rally is nothing but liquidity grab. You gotta be nuts to go long here, because: FOMC > more rate hikes 'may be needed' = 'are coming' Banking crisis. Worse than they let on. Yield curve inverted. Always preceeds major selloff. Recession is coming. For all the above. We in 70's economy, stupid! The Big Dump w/capitulation always comes...

DaddySawbucks Updated 

Simple idea. Price has drifted closer to S/R line, seems likely to test it soon. Buy that dip, but Bear is not over! Indicators approaching oversold; FOMC FOMO likely start a weaker rally to a right shoulder; then June Swoon.

DaddySawbucks Updated 

GET READY. BACKTESTED. PIVOT IN PROGRESS. Three Drives to the Top! 4310 Double Top Coming. BULLS LAST HURRAH.

DaddySawbucks Updated 

It ain't over folks. I see so much hopium and happy nonsense every day here. It ain't getting any higher. Stop smoking weed and sit up straight! Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet. Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it. Fact: Inflation remains...

DaddySawbucks Updated 

No New Bull market, no new ATH yet. Just another Bull **** Trap. Headed for oversold IMO, see RSI. Likely find support at 50MA on the 4K, where former resistance turned support before. See the arrows. I begged friends and family to shuck this dog but "No, it's going to ATH they said, you're wrong Sawbucks. What, and miss out on the next bull run?!" See you at...

DaddySawbucks Updated 

Trades at the most common retracement price. Risk equities may soon become less popular. Amazing how these small caps appreciated from the COVID lows. Price may be expected to seek fair valuation... somewhere in between.

DaddySawbucks Updated 

Real simple idea. All the Happy enthusiastic FOMO and BTFD tech stonks still trading at 700x PE. All Happy BS. You BTFD here you gonna get a nasty surprise, surprise, surprise. This monthly view shows where RSI goes in a real Bear. NB: U R HERE... U R NEXT! This won't happen overnight, it will be a painfull grind with some terrific knifedowns. Real Bears last...

DaddySawbucks Updated 

Chart says all. Break below means it was a fake break. Bounce means we going higher. Critical juncture. Golden cross forming? Maybe. No position. Hold nothing.

DaddySawbucks Updated 

Well well here we are above the 2022 bear trendline. This is a definitely breakout above the fall line, after the cup and handle. Plenty of peeps still talking about a further decline to <3600 but I reckon it's time to abandon that notion. Market's going to emerge from bear soon imo. We have inverted H&S formation and cup & handle leading to this breakout. It...

DaddySawbucks Updated 

Notice how similar the patterns highlighted. Diverging RSI with higher prices; Exact RSI pattern as well. Could be setup for another drop, keep an eye out!