Indices & ETFs

I think Fed has lost control. real inflation is running way higher for things that matter.
even $70 a barrel cannot restore shale production back to before.

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He withdrew that. You didn’t read the memo?

Btw, indices tumbling in AH/PM! Ditto for many stocks.

Too many bearish indicators saying QQQ will decline from 320. Ascending wedge. Hit my S&R line. 1.618 of … H&S pattern… Bearish divergence. If QQQ doesn’t fall, I would have re-learned every TA but they WORKs. Btw, this is very short-term timeframe… good for day trading only…

Now is to determine where the retracement is to… which fib number… something I have yet to figure out :pensive: That is, I have yet to resolve my weakness. Is re-bouncing at 38.2%… doesn’t mean retracement is over.

Yield just jumped and broke previous high recently. Not good and very surprising. :thinking: TLT was basing for a while ready to breakout, then it turned down today, going below the basing it’s been on for a week or two.

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Somehow is predicted by TA? I mean TA indicators of the QQQ are bearish, it means many in the know people knew it will happen.

MEME stocks like BA and GME trade in a separate world.

What does it mean they work? Give us a concrete prediction so we can have a B&W yes/no answer. For example say QQQ will go lower than X in N days. We will then wait for N days to check whether QQQ is above or lower than X.

If QQQ going down on Friday means TA works, does QQQ going up on Thursday means it doesn’t work?

I think it’s more like sudden move in bond market controls the stock market. We haven’t had a severe move in bond like this since nasdaq selloff in early feb. I exited heavy tech growth stocks (losing almost all gains yesterday). :frowning: Keeping bitcoin as I think it it will go above ATH soon.

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First thing first, do you understand what is meant by day trading? You are talking about N days? Doesn’t feel in sync since my chart is a 1-minute chart.

I posted many posts yesterday! My latest chart summarize everything said for the past 2 days. Anyhoo, my QQQ put went 4x, puny position, nothing to brag about. Need to try a few times before going big like Panda.

You believe in whatever criteria you use… nothing to debate. Told you many times, my issue is predicting how low it goes and for how long… I only play by ears and can’t forecast the fall amount and duration. I would need to do as Masters always do… closed door research é—­é—Øē»ƒåŠŸ :slight_smile: … may be one day I can figure out how Panda did it and trade like him.

Yesterday post. This put shot up 4x. Ofc closed already :slight_smile: Anyhoo, although I can’t forecast the amount and duration, playing by ear is to use simple criteria like bullish divergence in RSI :slight_smile: I mean price is about to go UP so I have to close the long put. I have emphasized million of times here, divergences in RSI is very reliable. See chart below…

1779919ea84f13f17a535489916db3057c4dd8b3_2_690x432

I think you need to read up on technical indicators, noting how to use them, before commenting. Most technical indicators can’t forecast like you wanted… EWT is the only one I know can… and I have mentioned many times, I have yet to learn how to forecast time… big weakness…

Might as well post the point of long put :slight_smile: Recall I mention, I use RSI in conjunction with EWT?

Rob felt the best place to be in for the next few months is megacap stocks like AAPL AMZN FB :slight_smile: It follows QQQ and TQQQ should be better, No? However, remember the forecast that a crash would be by May! He says is a few months, may be less than two months of blowoff top :slight_smile: Have great fun but remember to get out before the clock strikes 12.

This is not a financial advice. Please do your own DD.

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Yeah I agree. Bond yield’s rapid rise spooked me and I moved to tqqq and soxl from tech growth/momentum stocks on Friday. I do think any other tech with exposure to bitcoin will benefit though. It just passed ATH overnight. Maybe a backtest will happen at some point though after some gain.

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20% by May? i.e. what does blowoff top mean? :slight_smile:

Even CNN is posting about bitcoin ATH. :pray: for a blowoff top. I should have gone all in on Friday. :exploding_head:

Non stop appreciation with minor pull back. Talking about 50% to 100% appreciation by May for many stocks. Fasten your seatbeat.

May or may not have one last flush of the weak hands before starting :grimacing:

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:scream:

Yes, it could happen. Bitcoin/crypto is sure acting like it’s ready for a blowoff top. Many calling for 100k and I won’t be surprised if we see it in a couple of weeks. As I mentioned before, it’s almost acting like a leading indicator for stock market. :chart_with_upwards_trend:

Master Panda no longer called for SPX dropping to the 3600s. Right or wrong I like how Panda gives out concrete target and owns up to his own mistakes. Bravo!

:rocket:

Forced 19 years of bull market into the chart? Holding stocks during his bear market is fairly profitable :slight_smile: too. The issue here is he has yet to experience a century bear market :scream:

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QQQ. Well behaved rally. Trading within the pitchfork since bottomed. $333 :money_mouth_face: by Friday? First have to clear $320 and then $328.

SPX: Wave fours are notoriously difficult to predict, Panda wants to do the impossible… predict is a triangle, most probably has to eat bamboos again. My latest developed Top Predictor indicates SPX should top at 4123 on May 3 (@manch to take note) if it can make through 3972 which should present a strong resistance.

Still think we will crash after May? Panda is sounding less and less certain everyday now. Already abandoned his call for SPX to fall to the 3600s.