Showing high call volume for Apple in the neighborhood of 138m today since we just hit the .3 retrace. This will be the first recoil from the first part of the correction. There will be another dip in April and May; I would suggest exiting one we reach about 70% or 80% of the ATH, but that is up to you. Either way, a lot of opportunity to make some money on...
Watch for this retrace for a golden short at the point of no return. $72.95m puts for 375 on 3-19-21 bought just after close on Friday. Seems almost like a sure thing, no guarantees, but chances seem in favor of these two marks. = FIB
I see us ending at 3830ish today, down to that 360s mark where trend lines cross Monday and Tuesday. Then up for OPEX week, but I would not go too long just yet, things are ugly to say the least. = FIB
When this is the best case scenario, you know you're f'ed. = FIB
Just a rough scratch, don't hold me to numbers or directions, but just a sample of what I was thinking. Choose wisely. Point is, I don't expect to get back to 400, or even a new ATH; we have been in corrective wave patterns for a very long time. Arguably since the great depression. Maybe some day I will take a stab at that with SPX...it is not as easy as you...
Just like our way up in concentric wave 3s, we will fall in concentric bear patterns. At least 3 bearish doubles. Look out below. First target is 370s and then 350s perhaps in April, but something tells me we will not reach 400. Perhaps the closest we will get is just shy or just over it in summer, but it seems out of reach now. The rich get richer and smack the...
Just a notion I had, no need to tell me it is wrong or that I am stupid. Just thought I would share what I was thinking, that's all. = FIB
Some thoughts about where we could potentially head in the upcoming month. Do with it what you will, cheers. = FIB
And there it was, a glorious head and shoulders end to a nation...Rome is on the decline.
Keep your pants on, bears. That should be all you get until early to mid April. Looking for a wave 4 down here to touch the 385-386 region on retrace and then we roll up to the 390s again. A larger correction to the 350s to come in April, will post more finite dates and figures as the time approaches. Also FYI, the "big one" is likely to occur sometime around...
This same thing happened before the previous crashes: my auto harmonic detected severe downs and then all of the sudden disappeared due to market manipulation. Nine months later, the crashes ocurred. April will make 9 months since the harmonics first appeared. Let this be a warning of things to come: note the ranges that they showed in advance and all of the...
Definitely seeing a bullish pattern, but still skeptical. I am expecting a drop to the .6 and then another rejection, the .3, and then off to 4k+ or just shy of it. That will be the tricky part is when they decide to really put the trigger as all this was just a taste. There will most certainly be a ton of resistance there but there will also be the squeezing as...
With RSI getting low on the daily and most charts, buying bounces is becoming attractive. Connecting trend lines and seeing their intersection points may point out potential bounce points here. Areas of interest are outlined in the two boxes. Keeping that in mind, I would not set high exit limits and be aware of all top trend lines where rejection can and most...
I am first to admit I could just be drawing what I want to see with these trend lines, but if I am not, we are in for a rollercoaster ride...and soon. Either way, pretty interesting... = FIB
Drawing some trend lines and finding their intersection points, I am seeing a pivotal point at 3843.5, the .382 retrace for the most recent low point. It could get very ugly if we break this point, but I would imagine we hit this bottom, bounce up to a new ATH for a final wave 5 of this sequence, and then some real correction begins. Alternatively, we could...
Here is a short-term chart for Apple. We can see come support happening at 124.14 and certainly at 119.15; but let me be very clear, this will not necessarily indicate our bottom. As indicated on my previous long-term chart, we still have room to tumble down to the low 100’s, 103 or similar. This is where we can likely expect strong support followed by upward...
I can see a clear bouncing point for Apple in upcoming months at 119.23; however, one should be very aware, that if the **** really hits the fan, we could be looking at a bottom of 103.23, which I think is more likely by the end of the year or early in 2022. If you think this is not possible, that is what many thought when I was predicting 127 post-earnings, and...