This is what I have been telling “media news putting nice story everyday to fool retailers”,. They are not true!
Market can be predictable and is going on preset courses
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Master is making predictions on S&P. Its futures, ETFs and options are among the most liquid in the world. I don’t think there would be any problem for him to scale to billions.
Anyway it’s fun while it lasts. Nobody knows when the hot streak will end. And it has to end for mathematical reason.
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His biz billionaire partner told him not to tweet often, max 3 per day. She is right, don’t get WS attention, they are bounced to crack his indicators. Master couldn’t control his urge to tell the world that he is a genius.
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Exactly my partner is also telling me, but still long way to go.
In due course we may get rid servers soon and ride with 3x TQQQ
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Don’t you want to prove yourself to be a smarter genius than Master Wu?
This is a real story. I recalled during the hey days of AAPL ascendancy (double every 3-9 months), there are some AAPL specific sub sites boasting that they are better than WS and subscribers make tons of money till… WS screwed them hard… all went bankrupt. Eventually I think the same outcome for wallstreetbetters… once WS figured how to screw them.
Definitely not ! There may be plenty of other unknown people doing better than me. Why should I care them? BTW, I am not that kind of running race with others.
I am working for my own betterment. It is a process that takes time, sometime stressful. All I need is some income, until my last day, without asking anyone else for help/money. This is going to be my retirement plan.
Master is essentially using EWT, he uses proprietary tools and indicators to narrow down the high probability counts. So far, I know RSI helps. Still can’t figure out how other TA indicators can help.
Still can’t figure out how other TA indicators can help.=> Do not waste time on these…I tried everything, nothing works.
So far well experienced EWT is working, again hard to know waves (wrong assumption results loss), but needs lot of trading knowledge, high level fundamentals required to know whether wave 3 or wave 5 will work or not.
Regarding RSI below 30 and above 75 will guide, Bollinger bands somewhat help/guide, rest of the TA are not reliable, or often breaking in between. No one knows the bottom ahead, just DCA when below 30 and sell part by part above 75.
Do not believe “ML - Machine learning is the way…It works until it breaks, we can not make money out of it”. Tested enough, waste of time.
Individual stocks, everything breaks when momentum is increasing, but indexes fairly comply EWT, RSI and BB.
If you trust the news/media “Why daily market is up or down?” all these analysis are waste, we will be scared to buy at deep dip ! Remember: Media/News nicely write stories but they follow market action.
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Master Panda is not in confusion though. He offered two paths: either bottoming on 3/11 or 3/15.
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I believe in Master Wu for now since he’s been pretty good. Also, sentiment is all pointing that way. Personally, I would like FANGs to be cut in half but other tech growth stocks are on their way. Let’s see TSLA at 500 too or lower. Since I missed TSLA last year, I’ve been buying VWAGY instead. I think their electrical vehicles will do quite well. 
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Lots of growth names already cut in half: FSLY, QS, LMND, SPCE etc. The megacap FANG’s are still holding relatively firm though, but even they are down 10+%, and they haven’t done anything for six months or longer.
I would like FANG to be cut half. Growth stocks probably should be cut >50% just to get back to historical norm or prior to pandemic. I doubt we’ll get it this year…TSLA to 450/500 doesn’t seem that far away though.
I did some more reading on Master WU, he is using EWT to arrive SPX at 3670 at mid point basis. Assuming his SPX 3670 is correct, it happens by next 2 days, meaning tomorrow up day (he says and I also understand upday, followed by deep one day down with SPY 4% and QQQ 3%, done deal.
When next down happens, it will be magacap FANG (except TSLA and AAPL as already corrected) that will bring down to this level => SPY 4% and QQQ 3%.
On any case, correction must be completed this week (3/5 or/and 3/8 as 3/11 and 3/15 are too long). It all depends on how much it jumps tomorrow.
The only way it can go to next week is tomorrow jump must be big like 3% and then takes another 3-4 days!
BTW: All are guess work and calculations which can go wrong as no one really know the future. This is not stock or investment or financial advice !
FB and Goog stock haven’t done much in the last 6 months. If they are going to fall more, makes sense to buy.
I’ve been pondering ESTC vs DDOG. At a previous employer, we deliberately ran our own elasticsearch clusters since we didn’t want to pay Elastic (engineers cost lesser than product licenses at terabyte and larger scale). But I see now that Elastic has SIEM and observability products as well. @marcus335 what are your thoughts? How would you compare ESTC and DDOG for investing?
tomorrow jpow is gonna talk at 9 AM PST. Stocks will be up!
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Would love to see AAPL cut in half too…
TSLA almost bottom between 600 and 650 range and will not go below!
I looked at DDOG. If I remember right, they work well for smaller companies. Then you outgrow them and build your own tools open source. That made me think it wasn’t a great long-term play if their customers outgrow them.
Just a personal wish right? Because you miss these buy n hold stocks? If you’re trading, doesn’t matter at what price, bearish or bullish, is always trading opportunities.
Some of the growth stocks would be cut more than 50% but not this “consolidation” (not a correction since is less than 10% from ATH and to please fossilized @manch), is the swoon in May/ Jun. Remember sell in May?
Btw, why choose 50%? Why not 1/3 from ATH? Unless is extreme macro conditions, the normal retracement is to the previous lower degree wave four (in normal TA, last congestion area) which is Sep-Dec 2020. About 1/3 
Not this time. The swoon in May/Jun would. Should drop to last congestion area in Sep-Dec 2020, TSLA is about $400-$500 then… is the price I was expecting it will drop to eventually because that is the price range when adding to S&P 500 was announced… the subsequent price appreciation is due to the inclusion to S&P and is not due to fundamental improvement.
No point buying any buy n hold till the swoon is over and it has not started. Trading is ok.
C’mon. Don’t be so personal! You’re behaving like the dragon trapped in 7x7. Time for you to move out of that cage. Heard the dragon escape2.