Measured Move? Pennant on Flagpole

28 thg 12, 2022

Last week of price action generated a pennant. Typically these fly at half-staff on a flagpole. Not sayin it will; but it sure could.

The measured move remains below the pennant. 300 pips to half-staff; 300 more would go to 3530 if it goes. Be carefull! GLTA

28 thg 12, 2022

Ghi chú

BTW today Cramer suggested we should "Buy Da DIP"... SELL!

28 thg 12, 2022

Giao dịch đang hoạt động

PA weakens. Flipped 381p on the AM sell. Could really go off Thursday. Might find support at 3800. Crapshoot.

28 thg 12, 2022

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How bout that. Starts lookin like 2008>2009.

29 thg 12, 2022

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Watch close now. This does have feel of a fifth and could be a finishing move. Usually the end of bear wave arrives with a dragonfly doji... the Hammer.

If it tanks off another 40 pips Thursday watch for pivot reversal. Take it real easy here folks.

29 thg 12, 2022

Đóng lệnh: dừng lỗ

Yeah probly not gonna tank just yet. Warned you take it easy! ALways full of surprises.

30 thg 12, 2022

Ghi chú

An amazing finish EOY, wow. 0DTE calls went from .60 > 3.60, +600%. I picked up some .39c calls and sold for 80c being very happy +100%, then watched in amazement as they delivered another 100%! Stunning finish. Shorts got caught in a bear trap and scrambled to cover EOD.

This Hammer doji what I been looking for to drive a Nail into the bear coffin. Looks like we got an inverted right shoulder; could get a strong move up in January to test the TL. HNY!!!