SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsCFZ E-Wiggle Workspace


Previous 10 Next 10 
To: Sendme who wrote (39045)11/29/2021 11:16:11 PM
From: Sendme
1 Recommendation   of 39423
 
Another chart, just thinking out loud. Looks like accumulation.

If this breaks down this week, there is a lot of fib confluence at a 4-4.5% buy the dip.



EDIT

Same daily chart I posted earlier but with the RSI


Share RecommendKeepReplyMark as Last Read


To: Sendme who wrote (39045)11/30/2021 10:12:31 PM
From: Sendme
2 Recommendations   of 39423
 
Cypher pattern never completed. The H&S measured move hit it's target.

I am still open to a little more downside Wed and Thurs.





But then this chart favors a potential for a bounce.

Share RecommendKeepReplyMark as Last Read


From: kckip11/30/2021 10:24:03 PM
   of 39423
 
Nothing lining up. Overlaps and plain ole ugliness in some indices (DJIA, RUT, etc....), while SPX and NDX still strong... with respect to Sept/Oct lows. Either correcting something larger, or <gulp>, another extending wave.....hard to fathom.

Share RecommendKeepReplyMark as Last Read


From: J_K12/4/2021 1:45:05 AM
   of 39423
 
AMD E-Wave Update:
godmode-trader.de

Happy WE,
JK

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: skinowski12/4/2021 12:29:22 PM
1 Recommendation   of 39423
 
Don’t know if anyone here trades currencies, but it’s interesting. Could be that March, when the USD is strong, is a good month to travel to other countries. Or, to invest in foreign equities (and to unload them around the turn of the year)

Of course, unless this current bear phase ends soon, this year things may prove different. There may be an unusually high demand for dollars.


Share RecommendKeepReplyMark as Last Read


From: skinowski12/4/2021 4:18:01 PM
2 Recommendations   of 39423
 
Just like call buying squeezes markets up — put buying pushes it down, since dealers hedge their positions. They buy futures to hedge calls - and sell futures to hedge their outstanding puts. Here’s a nice description (see thread). There is a record number of outstanding puts out there (which are subject to dynamic hedging). He thinks that by Dec 17 - at expiration - dealers may find themselves with huge excess of short futures (since expired puts no longer need hedging).

A grain of salt is advised. I’d expect that their algos may start unhedging the positions due to expire before Dec 17.


Share RecommendKeepReplyMark as Last Read


From: skinowski12/4/2021 4:48:36 PM
2 Recommendations   of 39423
 
NQ - the bounce will tell the story


Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: skinowski who wrote (39052)12/4/2021 6:59:51 PM
From: kckip
   of 39423
 
Not sure there is a way for little "3" to be any kind of impulsive wave (or the larger move down for that matter).....unless it's subdividing and not finished yet......way too much overlap.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: kckip who wrote (39053)12/4/2021 9:44:42 PM
From: skinowski
1 Recommendation   of 39423
 
Yes, at this time NDX shows a three-waver down. If it traces out w4 and w5 down, it becomes an impulse - which would “invite” a bounce (2 or B). Next, we would expect a decline to new lows (C or 3).

Hence, the hope for the bulls is that the correction is over, or close to that - and the bull market resumes.

So, in the end, the forthcoming bounce will show us an indication of what’s to come.

Share RecommendKeepReplyMark as Last Read


To: J_K who wrote (39049)12/4/2021 9:54:47 PM
From: skinowski
   of 39423
 
Interesting… so, AMD on the monthly chart just about completed 3rd waves of several degrees - and is due to trace out a corresponding series of 4th and 5th waves… until it completes the red 3. That should keep it in a predominantly bullish mode for quite some time.

The big red 4 will take time. The red 2 took many years.
Thanks, JK!

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10