254 replies to this topic

[EntropyModel]

New high on St LQ pulse this AM here,  thought for sure it wd drop there but nope.....no market selling will break KP's until this epic intervention ends unless

meteor hits.

[Waver]

this is a wave 3 up as opposed to the bearish count of Wave C up.

New all time highs probably come this year.

[EntropyModel]

Well, whatever the wave label -  I put medium/high odds its either going to explode higher or turn down for a pullback here today/tomorrow ...looking at the LQ, TICK and other stuff

we have hit an impasse/ decision window ,  credit signals now lean to down but given the historic intervention and FED minutes today, another gigantic tidal wave of LQ

 cannot be ruled out...without another new LQ pulse though I favor down ... market lacks any 'real' buying beyond LQ so far, and even these giant amounts of  LQ is now not enough.

 

Kp's now 

1st 2585, 2nd 2574  3rd 2550

Edited by Entropy3.0, 09 January 2019 - 01:41 PM.

[EntropyModel]

OMG - what is this?  do my eyes deceive me ...a minor DROP in LQ ..it can't be, can it?! lol

Lets see if it continues (LQ is stil up big for today)..and how price reacts.

Edited by Entropy3.0, 09 January 2019 - 02:23 PM.

[EntropyModel]

Well, this is first drop that looks like it cd be start of retrace to me ...I cd be wrong, there's still a ton of LQ for GSB support at KPs',

but if we now take out this mornings LOW here into the close, I think we'll get a decent 'pullback' 2550'ish at least next few days.

 

* if we don't take out the low - more churn baby churn up.

Edited by Entropy3.0, 09 January 2019 - 02:36 PM.

[kaiser soze]

Blow off top signatures showing up on my charts.

[EntropyModel]

Blow off top signatures showing up on my charts.

 

yep - up crash LOL courtesy of friendly neighborhood FED...everyone wants to hate them for small drop we had Oct-Dec , no one want to credit them for the runup since 2009 :-)

 

Drop truncated again here - so still plenty of firepower to hold selling here.

[kaiser soze]

Algos have switched FROM trying to hold up the market through buying TO containing the raging buyer enthusiasm and humongous dollar inflows through selling.

[EntropyModel]

Algos have switched FROM trying to hold up the market through buying TO containing the raging buyer enthusiasm and humongous dollar inflows through selling.

 

Yep - there's definitely selling Algo's running last 2 sessions otherwise we would be at 2700 by now!!

GSB support bot is still running strong though...not a single  pivot broken for more than few minutes before being reversed up, when LQ

is this high, its stronger than the selling Algo's ....but without new LQ, that balance shd change next few days - were

in kinda stalemale zone here between the selling ones versus GSB+ other market buyers.

Edited by Entropy3.0, 09 January 2019 - 02:59 PM.

[kaiser soze]

"They" might close it at the 2595 Fib level to allow bulls and bears to mull things over overnight - bulls whether to press on to 2618 and beyond at a ratio-adjusted Mcllellan Oscillator of 120+, and bears to evaluate whether they want to be shorting this incredible series of breadth thrusts.