A basket of meme stocks is up some 50% this month. Risk appetite is back.
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Market is risk on, going up relentlessly despite daily stochastic being overbought.
Is it short squeeze or BTFD crowd that drive the market up?
I think we hit peak negativity, and there are no sellers left. At some point, FOMO will accelerate the upside.
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Today market decline could be due to margin calls or huge losses from meme stocks esp BBBY. Ryan Cohen makes his followers sucker. Crypto also tumbled.
Wondering whether Jake Freeman and Ryan Cohen know each other.
Student, 20, makes $110 million trading meme stock Bed Bath & Beyond
https://www.washingtonpost.com/business/2022/08/18/jake-freeman-bed-bath-beyond/
According to the Financial Times, Freeman and his uncle Scott Freeman, a former pharmaceutical executive, have separately taken an activist stake in the pharmaceutical company Mind Medicine, a New York-based company that focuses on psychedelic-inspired medicines.
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Webinar from Beth’s TA boy. Only 1 of 6. Go to their Youtube channel to watch the rest.
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He read this forum? He copied 
my count and comment.
Subscribed.
You also counted 3 waves? What’s your one degree higher count?
Posted long ago. His higher degree count is wave 1. So still need a wave iv (down), then wave v (up) to complete wave 1. And he plans to enter big time when wave 2 (deep down) is almost completed.
Wave 1 is a multi-month degree wave so he is talking about confirming a multi-month uptrend… I have been saying this for days.
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ABC is Knox’s alternative count. He is not sure whether the 5-wave count or the ABC count will win out. Although he’s leaning on the 5 that’s why it’s his primary.
I have the same sentiments. Btw, is preferred and alternative. Common retracement of wave iv is 23.6%-38.2% and never more than 50% (red line in my chart). If below red line, swap alternative count as preferred.
Bulls see bullish pattern. Bears see bearish pattern.
We see what we want to see.
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Buddhist scripts in Chinese:
凡所有相，皆是虚妄。若见诸相非相，则见如来。
SNOW’s insane number. 83% rev growth and 171% net retention.
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Today, it was a nice live show how market has been responding to FED confirmation.
What you have seen is effect of market reaction after 8 mins of FED confirmation, but market has been preparing for a week from Aug 16th.
Even Jun 16th to Aug 16th, market gradually went up is wave A-B (looks the stopped appx 61.8% or nearby). I was suspecting the sudden fall.
All I saw is how wall street billionaires (most of them legal financial culprits) can prepare, make up and break up the market.
The show is not over, will continue further more next week and thereafter like a snake(UP and Down).
BTW: I do not know when it will stop and where it will stop.
Response from reddit =>
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That’s what I feel. He also taught us the psychology of inflation, he is conducting an Econ class 
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