UPDATE December 14 - the FED Ka-POW!👊
well that was a day. I have never sold so much. A brief post of where I believe we are and where we are going
Today popped off just as I had hoped, QQQ rocketed to 300 premarket and 297 after open. That was a 4% gain at open! And I was a selling fool!
I was also a buying fool. I went short right as I was selling, it was beautiful, but will it continue?
if you follow me you know I have been waiting on a push upwards before a significant drop... I believe we had the push up and it MAY have completed my wave up.
here are 2 old charts from old posts. 301 to 308 is still possible when the hike is announced today, but I would expect a drop following. I have been waiting on main 4 (and minor 5 completion) waves up. 4 has now reached a completion point, it can go higher, but is also free to sell off at any time.
here is my updated count.
As I said, we can rally up as far as 308 but my top would be 301, that being said, I started a small short position Monday and yesterday I went almost FULL BEAR. These are the market changes that give 1000% returns. iam ready!!!!
I was not able to close everything and am still holding a couple thousand shares of several companies (SNAP, GDXU, SOFI, BKR, BBBY) so a rally before the crash would be a relief for me I was trying to sell it all if you follow me, you know iam leaving the market and this was my last hurrah! this is why iam not posting as much. this is the rotation I've waited for!!!!! iam going to watch this thing sink as i cash out and retire into my mountain, below is my plan in picture hahaha
this is my favorite meme - and if you would like me to translate, it means "if I can make more money than it costs me - I will do it, regardless of your feelings about it."
I could give you a bunch of charts and make this really long, but WHY?
GET OUT, GET SHORT, GET PROTECTION, GET READY!
here are a few charts just because
I could be wrong, and this could be the beginning of a santa rally, but my money is on me being right. Here is a weekly chart just to show another point of view, the weeklies are actually looking strong, but I believe this is decieving as this rally has been selling, giving me the feeling we are nearing a capitulation point.
Be Safe, be Careful, be Wise, and as always Good Luck!
iam out
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warrior-sailormoon : Will gonna miss u
Buffalo : Thanks for all the information. I believe there will be snowball rolling down too. Do you have any idea where the ball will stop at the bottom of the hill?
ReStart Hope : I also went full bear yesterday, might cut my position before FOMC announcement and add back on during the conference
warrior-sailormoon : Iamiam will u be selling tenx too?
iamiam OP warrior-sailormoon : my little runners- I wanted to hold but I think they will drop with the msrket, I hope they don't and instead get covering and climb opposite the market but I doubt it. I have not sold out of TENX but I sold half.
iamiam OP Buffalo : below 250, in the 240 ish range but as low as 220 although I don't really see that
warrior-sailormoon iamiam OP : I’m intended to hold too
Thanks iamiam
HappiOrgUTan : Thanks Iamiam
101828445 : Will you be holding SLV, Gold or Oil? Or you will completely get off it and go short?
iamiam OP 101828445 : iam almost totally short, i have some gold some miners and some oil, but I can't keep it, I have to sell to cash out my account... if I was staying in I would still be almost all short, I would be buying metals, energy and oil on the way down though.
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