| To: freelyhovering who wrote (94590) | 6/27/2017 3:13:15 PM | | From: Bull RidaH | | | | | Yes... this party is just getting started... bare minimum move to 2134 spx. No time to wait... act now. Panic early, avoid the rush. This is the best downside trading set-up we've had in many, many years. Worst case here should be one "last gasp rally " to 2432 spx on the upside. |
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| To: freelyhovering who wrote (94593) | 6/29/2017 12:49:36 PM | | From: Bull RidaH | | | | Aye matie!! The whale, she give us a mighty flick of the tail when ye harpoons
penetrated her, liked ta capsized me ship!! :)
The slide from Monday's high til Tuesdays closing low completed wave 1 of 1 of A
down, and we had a nearly 100% wave 2 of 1 of A retrace. The retrace was
greater than normal due to the help from the whale's best friend, that entity we all
know and love... Our good friends at Goldman. I guess they yearned for one last
chance to distribute at top tick.... Can't blame them.
But we, the mighty sailors of the Andrea Gail, must be committed, in the face of
their "perfect storm", legions of great white sharks, sting rays, sea snakes, killer
whales and every single thing else they can heap upon us, to endure and fight the
good fight and bring our catch home. |
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| To: freelyhovering who wrote (94595) | 7/6/2017 4:47:53 PM | | From: Bull RidaH | | | | Here are excerpts from a private message I shared with a comrade on 7/3 with regards to how this crash/correction proceeds from here in light of the 39 day crash of '87. This scenario suggests a much more dangerous wave count allowing a much deeper decline is operative than what I originally suggested, as recently summarized on Zmans forum...
"In comparing the 2 charts, it's obvious the current chart is proceeding at between 1/5th to 1/6th the speed. Thus, with this past week being the 2nd full week since the top, it should be and indeed is comparable in price action with the 2nd day after the final '87 top.
Looks like the first 5 weeks of this correction will proceed very slowly, only progressing down about 1% further each week. Then a strong rally proceeds that takes the market back near 2400 spx, or only 2% from the all-time high, before a sharper slide begins that over the following 4 weeks takes it down to 2200 spx. This decline should be followed by a 50% retrace of the entire move lower that takes it back to 2325 spx. These preliminary sell-offs and rallies may not be the kind of moves we can make a fortune on, but could help accumulate more capital to deploy at the opportune moment when all hell breaks loose much later on.
The total corrective move from the 2746.7 high to the 1616.2 low in '87 was 41.15%. As I indicated on Zman's thread (with an assist from him), based on the size of corrective activity off the Spring of 2015 highs, this correction could see a move from the 2453.82 high to absolutely no lower than 1480 SPX, or 39.69%. I do believe the full correction to near 1480 SPX will happen, and in a manner that rhymes with '87, but at the slower pace mentioned above. The '87 correction took 39 trading days after the topping day to the final low. With last week being week 1, this decline will probably take roughly 38 more weeks, with the last several weeks of it (March 5-23rd, 2018), like the last several days in '87, seeing the precipitous portion of the drop and more than 65% of the total decline." |
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| From: blitzfund | 8/20/2017 10:40:46 AM | | | | | | Geez, we didn't close on the low last TGIF but close enough.
Surf be breaking on Monday.........................................
Blitz |
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| From: blitzfund | 10/15/2017 12:16:33 AM | | | | | | Another 50 cents and what 4% could do............
ruffer.co.uk
file:///C:/Users/athroughz/Desktop/hedge%20fund/Convexity_Maven_-_Rambling_near_the_Edge.pdf
Surfs up,
Blitz |
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