In case you are too lazy to even search above and wonder which ones could be relevant to interpreting of Panda DTK chart…
…when you market-time you got to be right twice…
…
Wrong conclusion again. SMH.
Think deeply. Don’t stop at level 1 depth. Go to level 2, level 3 if you can.
My intelligence is not as high as yours. Why don’t you spell it out for the rest of us?
Why is e-mini not liquid enough for Panda if Panda is not trading 10s of billions of dollars everyday?
Thought experiment…
Assume you’re right that it is possible and Panda only need one more trade to $1B…
How do you execute the trade?
What is the price differential of your super duper e-mini S&P to allow that?
How do he sell later to get that magical $1B?
Some helpers,
https://toughnickel.com/personal-finance/being-right-trading-e-mini-futures
Bear in mind, DTK, daily top killer, only identifies tops, not bottoms; and SPX doesn’t immediately decline upon red alert (Panda chart: I noted a few times, a new ATH has occurred before the decline), the amount of decline to bottom is not certain, and how long to hit bottom is not certain. Also, didn’t tell you the often wild intraday price gyrations.
…when you market-time you got to be right twice…
Wondering aloud: Why didn’t @manch challenge Panda’s assertion about DTK? Is it true that DTK identifies top (and corrections) accurately using his (@manch) yardstick? If DTK failed @manch’s yardstick of 100% accuracy, why would he expect Panda can be a billionaire using DTK?
Source please. I thought top 1% in USA had net worth exceeding $10M.
$4.4M net worth is not a lot - in Bay Area that qualifies as upper middle class
.
Dated Feb 25, 2021 … Knight Frank 2021 Wealth Report
Guess you read this article dated Mar 4, 2021…
https://smartasset.com/financial-advisor/are-you-in-the-top-1-percent
The difference could be one is referring to individual, the other is referring to household, or just different methodologies.
DTK identifies tops, but then afterwards there could be a new ATH.
So does it identify top or not?
Yup. So why spend so much of your time and energy tracking Panda? You seem to tell us his DTK is useless, even if it is correct. And calling it “if” is generous.
You like to believe in miracles. I don’t.
Strange that there is such a big difference between these reports. I don’t know how they would distinguish between individual and household, so I think the 2 reports must have used different methodologies to tally wealth.
Instinctively, wealth of $10M feels more like a rich person/household - for example that could be a family owning a $3M home outright and a stock portfolio of $7M. That is rich.
$4.4M would be a family owning a $2M home and a stock portfolio of $2.4M. Comfortable: yes. Rich: no
.
That is the question I ask you after pointing above out!
You have to learn how to read (especially chart) carefully! You are not very detailed and not a deep thinker. I can tell from the way you like to talk too generally and make too broad assertions. And keep missing relevant details, I have to point them out 
to you.
Bad carpenter blames the tool. Bad analyst blames the data. You have failed your reading comprehension again SMH. What I am saying all tools have strengths and weaknesses, is up to you as the creative guy, to employ it properly If you think this is the first time I told you this, your memory would have failed you again, is probably the third time I told you 
Huh? I told you like (can’t remember the number of times) that I believe in destiny.
命里有时终须有
一命二运三风水，四积阴德五读书
Wait… do you understand Chinese?
.
Referring to SV or nationally?
Relevant quotes from the two articles…
…annual Wealth Report from Knight Frank… An individual in the US needs a net wealth of $4.4 million to be among the richest 1%…
… In order to be in the top 1% of household wealth in the U.S., you’d need to be worth at least $10,374,030.10, according to Forbes.
A family is a group of two people or more (one of whom is the householder) related by birth, marriage, or adoption and residing together; all such people (including related subfamily members) are considered as members of one family.
A family household is a household maintained by a householder who is in a family (as defined above), and includes any unrelated people (unrelated subfamily members and/or secondary individuals) who may be residing there.
The number of family households is equal to the number of families.
Avg size of a household is 2.53. So 4.4 x 2.53 = $11.13 
As of 2021, $10M net worth seems to be more than enough to qualify a family as wealthy or 1-percenter nationally. In SV, $10M NW is probably enough to feel wealthy, but at the rate assets are appreciating, it will soon be upper middle class.
Eg., today’s mid-career techies who wish to retire here in SV in, say 12-15 years, will need $10M net worth just to be comfortable. That will break down into a $5M house, mostly or fully paid off and $5M stock portfolio.
The modest 1500 sq ft ranch houses in RBA, which today are selling for $2.5M will be worth $5M in 12-15 years. Mid-career professionals who have $1.5-2M in their portfolios today will have $5M in 12-15 years if they leave that money untouched and add a little to their 401k each month. So, $10M NW will just enable a middle class retirement in 12-15 years
Probably too much equity tied up. Should move to places like Pleasanton, Danville or Walnut Creek if want to remain in CA and sufficiently close to SV. Free up some doughs for spending. No point hanging in SV unless you intend to let your children inherit the house or are into angel investing.
Probably a good idea for today’s techies in RBA to move to East bay towns like Pleasanton, Livermore etc upon retirement. But I expect 1500 sq ft houses in Pleasanton will also be worth at least $3M in about 12-15 years…
Below is some tweets from a technician who like Panda believe in time over price (cycles 
)… take note that he is referring to SPX not QQQ not DJI not Russell not individual stocks.
For those with short memory and can’t read chart… Panda bear2STbull date for top is Jul 26… below is the latest chart…
Yup. Tom is off. I don’t believe in magic and fortune telling. Nobody can predict the future. That’s why I said he made a bold call. Unlikely to be correct especially with only three days left.
Looks like your idol made a bold call too. July 26 will be the top? But then if it didn’t happen on that date you will use your deep thinking to say top doesn’t mean top in everybody’s definition but rather means something else.
Are you sure? What I read is most technicians think top is likely be in Jul. When? some say this, some say that. You are so sure is Jul 26? The first window is this week
Btw, I have unloaded most of my Cathie type high growth stocks not because I have read these technicians’ views, I glance through the charts and notice many of them are very overbought. However, holding those that I want to gamble for 10x to 100x over 1-2 decades… U ZM … will add if tumble.
欲加之罪，何患无辞
For @manch and newbies…
NIce to see QS down…I might buy some. Thought I was on a webinar last week and solid state batteries aren’t the silver bullet they are supposed to be. My thesis is ALL EV related stocks will eventually shoot up in a gut reaction to the UN Climate change conference in October. (COP26)
