Indices & ETFs

Go as low as $297.45 i.e. broke below $298-$300, clearing all the sell stops YET above $296.92… so is safe for now. Please keep it that way :pray:

Edit: Five waves impulse after touching 297.45… good sign… Because of breaking below yesterday’s low, now we have 7 wave instead of 5 waves? Best case scenario is it is doing an ending diagonal.

So should we be optimistic that impulse (i)(ii)(iii)(iv)(v) is developing or (i)(ii)(iii) is abc and then DOWN again.

Because most of us hold tech stocks and QQQ is much weaker than SPX.

What is he saying? He needs a loud speaker?

I have one account in 100% cash, waiting patiently for Master to give the green light.

@Jil

You are interpreting the move up from $297.45 as an impulse while Master Wu thinks is zigzag… I am not sure who to side with…

My guess is when SPX touches Wu’s 3800 is when QQQ touches 306… what to do? Almost there.

Priced in a big one, wrongly used to fool retailers.

For example: AAPL was priced in with all positives/negatives when it hit $145, results are good and future is good, but now it is $120…

Similarly…for many stocks, which exceeded results and which forecasted higher than future expected rev/inc, are dropped 10%-15% from the peak.

Here, priced in does not work. The real fact is market correction affects across all stocks. This market correction aimed to see whether 1.9 T is getting approved or not.

If approved, it recovers and goes crazy to the level peak again

If not, we will see 1987 kind of drop…

This is the exact situation where market makers led it. No news/media provides such insight, but we need to know as investors.

I am pretty confident about next week upturn…based on these events and thought process.

This makes me to reset my asset allocation nicely to get in good companies…

Look like Master Wu is finally wrong… I see 5 waves impulse for QQQ.

Edit:

Master Wu got stopped for sure. She is an excellent trader.

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How did you infer that Wu is “She”?

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Just messing around. Do you like Panda and bears?

So far so good :slight_smile: My EW count for QQQ is still valid.

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what do you think is the top for this wave?

btw i like Pandas. But not as much as my wife. I do find them cute tho. take it FWIW

Either completed or top $310. I have tons of TQQQs so I bought some QQQ puts to hedge, just in case Master Panda is correct. His/her forecast for SPX doesn’t make sense for QQQ.

:slight_smile:

Btw, my eyes are on target of wave 5 :slight_smile: Currently estimated to be $440 :slight_smile: Should make tons of money if I’m right. So long $296.92 is not broken, I won’t panic.

Keep on the good work :pray: While doing this chart, break above $307.89, dancing now. Keep it rocking.

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Correct, now you see how big banks/funds are making money ! Most of the scared retailers are selling and the market makers are buying yesterday and today.

See my estimate on QQQ (Range 301.75 to 308.41) – just programming it.

image

Watch the fun how next week is going to change the situation. This is it, my work is over as everyone is almost knowledgeable …to take care on their own.

Good luck to you all, happy trading…see you Monday with bull market…(may be premature)

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You forgot about those who hold and think $298-$300 is the guaranteed support. Those are flashed out too.

Perfect execution by market makers.

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New master in town! Caught me by surprise with this rally on Friday! Won’t buy anything until next week though.

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If buying TQQQs, won’t be higher than mine, bot at $96, probably the one who paid the highest in this forum… me acting too rashly… shouldn’t have bot immediately after selling SQQQs… not to mention, selling SQQQs too early… need to control my emotion…

How nice have I sold SQQQs today when QQQ ~$298 and bot TQQQ, I will feel like a genius. Now I feel like a fool.

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Master misfired sometimes :slight_smile:

Screen Shot 2021-03-05 at 2.47.59 PM

I have TQQQ @ 95.XX, 89.XX, 84.XX and 79.XX. all over the map as I averaged in. Was a bit painful to see it hit $69 before the rebound

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Unfortunately, on FOMO, I bot 2000@96 all-in thinking I am going to make it BIG after making tons from SQQQs. Run out of ammo… :sob: Still red… TQQQ trading at $84.

Retracement might have started, TQQQ going to $80… may be by closing or AH or PM or Monday,… hard to tell the when… before another push up. Not doing anything, just blindly hodl till time to close the entire position :slight_smile:

Bears identity down time perfectly, but not bull time.

However, it is hard to find perfect bottom

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Just woke up. So Master Panda Wu is beaten and we have new Master Han? Is the melt up Panda predicted still gonna happen or not?

We need Master Han to double check.