You have to decide whether you want to be in religion, where blind faith is all you need. Or you want to at least have a shred of scientific rigor.
If the latter, it helps to write down your theory’s predictions beforehand and test their accuracies against what actually happened afterward.
Anyhow not sure why you spend so much energy worrying about a hypothetical 1.5% drop in some unspecified future time. For reference S&P year to date has gained 16.3%.
The purpose of your forecasting is to help with your trading, I think? Otherwise you are just doing it for entertainment? So when you said before Panda can’t be rich even if his system allegedly has never given him a bad tip, maybe stop and ask, why bother?
How about I say the opposite. Market will explode higher, subject to price action. A hallmark of unscientific mumble jumble is you can’t tell when something is right or wrong. By adding the words “price action” I can make any prediction and still be “right”.
Yes, only if you know how. I doubt you know despite the numerous explanation. Even though I understand the concepts and principles, my emotions still stole defeat from jaws of victory.
I told you so right?
Sure you remember correctly? He said so and you don’t verify, I verify and is not 100% accurate using my criteria, I told you to see whether it does meet your criteria for accuracy. Btw, talking about his forecasting only, not touching on how to trade.
Anyhoo, I have yet to figure out how is DTK computed. My curiosity is not satisfied.
Right in what? Prediction or make money in trading?
Give me a prediction and the price action you expect, and how to trade for day, swing or position trading. Do you consider your how as aggressive, moderate or conservative? Or just admit you don’t understand trading.
Talking about depth of thinking, let me use an example in the Romance of the three kingdom, pretty sure you know this very well.
In 195, Emperor Xian managed to escape from Chang’an and return to the ruins of Luoyang during a feud between Li Jue and Guo Si, where he soon became stranded.
Cao Cao (and I think Liu Bei too) responded to the stranded emperor call for help. Why didn’t the rest of the warlords come? What are they thinking?
The table below lists all the bull markets in the last 90 years or so. They lasted much shorter during the Great Depression. In the modern post-WW2 era, the shortest one was right after the war from 1946 to 1948, lasting only 615 days.
The rally from Thursday is a five wave impulse. Look like Panda has to relabel his count again My guess is in red labels in the chart below… That is from a bold call that Monday is down to a bold call that SPX has hit a multi-month (time frame to tell what kind of top) top… would he do it?
Whether is (5) or (i) of (5) has to be confirmed by price action Obviously if break below 4288 is not (i) of (5)… saying the obvious for those don’t know price action
Update:
Very close? Insist on Jul 20 or warm up that (5) is about to be completed ie no more ED. Btw SPX TOP refers to century top, ofc need price action to confirm what kind of price action? Mentioned nearly a dozen times, if still don’t know,
Please enlighten me what is SPX at the century bottom and the price action to confirm? I want to use your confirmation to borrow 100% margin to long TQQQs.
Panda indicates on his chart that the SPX TOP is likely to be 4400.
Did you forget your principle that you can’t profit from your predictions? Because of reasons like you need to be right twice etc etc. I remember you wrote a long essay on that topic recently?
Don’t pivot. Tell me your predicted century bottom SPX price and price action to confirm. Whether I lose or win is my responsibility, not yours. If I make the decision to follow your call so is my responsibility.
Frankly you failed your reading comprehension but that is another issue to talk about. The current issue is you claim that…
So I want to know what is the century bottom SPX and the price action to confirm.
Sure. I will just pick a random number. Let’s use 4200. If price doesn’t fall below 4200 price action confirms it. Otherwise I will be like panda and you and make up some other predictions with the same disclaimer “if price action confirms it”.
Pretty useless exercise IMO especially after you told me you can’t make money with such exercises.
Would like to clarify. Are you saying so long today SPX didn’t go below 4200 then is a century bottom i.e. SPX would go up for another century without going below 4200? How high would SPX go after century bottom is confirmed, please give a series of date/time. Panda gave a series of date/time for SPX declines once the top is confirmed.
Below is Panda’s prediction once century top is in (now we know 4100 is not the century top, his latest is 4400). Notice he issued >two prices not just a price like 4200 only. Also have time predictions.
Wanted to insult you but since I am in a good mood, feel like using some decorum
Issue just a top (or bottom) prediction without a corresponding bottom (or top) prediction can’t make much money… you have intentionally omitted the word, “much”. For price predictions only, can only trade no expiry triple index ETFs/inverse ETFs. If have time predictions associated with the price predictions, can trade options to make even more money.
When Panda issues a DTK red alert, he did say in general there will be a drop of 165 points over 2-3 trading days. So he did issue two predictions that allow two transactions. In fact, he also associated time predictions to the price predictions, so can trade options
Caveat: 165 points over 2-3 days is what he claimed. I verify using his charts and find is not the case. I even detected that there are a few occasions that new ATHs have occurred after DTK red alert… apparently he read this thread and immediately tweeted about those occasions.
Panda tweets are supposed to be for recording his thoughts only so is not written in a way easy for trading. The proper way to issue predictions for trading are those issued by Arastoo e.g.
How to use?
Say the SPX hit 4393, being an aggressive short, you short SPX (instruments used to short don’t matter). Can set your stop loss at 4436. If conservative, can short at 4425, stop at 4436. If it declines, you can close at the end of the day, using RSIs or those supports issued by Arastoo.
If SPX hit 4350… you should be able to figure it out how to trade using price action
Above is an example of using price action around price levels to trade. Can also use moving averages, pivots, etc in place of price levels.