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THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low


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#851 dougie

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Posted 04 May 2021 - 02:29 PM

lets see how we handle 1800

well, 1800 rejected first go as expected. now we see

 

By the way, who had the FAT FINGER???



#852 dougie

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Posted 04 May 2021 - 02:32 PM

If TSLA breaks 670 today, may lead the way down along with the ARK funds on a crash move...

you got that one

got any puts?



#853 dougie

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Posted 04 May 2021 - 02:33 PM

IMO all this action is smelling something covid related



#854 dougie

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Posted 04 May 2021 - 02:34 PM

And SLV back below 25....

 

Unless it climbs back above real soon, first official cause for concern....

still relatively strong


Edited by dougie, 04 May 2021 - 02:34 PM.


#855 dougie

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Posted 04 May 2021 - 02:36 PM

Excellent updates Kwave thank you....

 

And for the 100th time starting to look like the metals move higher might have failed ....    Dollar gaining some traction..... 

 

Maybe David Hunter is right, 1 year meltdown scenario engages now

I though Hunter said this first trip down was NOT the real deal. that would come this summer



#856 dougie

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Posted 04 May 2021 - 02:36 PM

 

Excellent updates Kwave thank you....

 

And for the 100th time starting to look like the metals move higher might have failed ....    Dollar gaining some traction..... 

 

Maybe David Hunter is right, 1 year meltdown scenario engages now

BUT David Hunter still thinks we have ONE BIG melt up left before it all falls apart - below is a tweet from yesterday. Key Q is whether he's going to be right or do we top here and does it start getting real bad from here and NO one more melt up? I don't know and neither does David - its all a best guess, be ironic if he's correct about everything but the one more leg up scenario.

 

"As we enter May, equities, metals & bonds all poised for strong rallies. Ignore the "sell in May & go away" mantra that is making the rounds on Wall Street. S&P to 4700+,DJIA to 38,000+,Nasdaq to 17,000+, gold to $2500, silver to $45-$50. Also 10yr yield to 1.20% & 30yr to 1.95%."

 

yeah that was what i heard and i agree



#857 K Wave

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Posted 04 May 2021 - 02:41 PM

Tech is at the edge but not quite broken yet.

 

DOW NYA Tran holding up OK thus far.

 

This is still up for grabs...big up or down tomorrow in everything could give us a better clue...


Edited by K Wave, 04 May 2021 - 02:42 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#858 K Wave

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Posted 04 May 2021 - 02:47 PM

NFLX a pretty good proxy for the tech picture....

 

nflx.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#859 senorBS

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Posted 04 May 2021 - 03:02 PM

Tech is at the edge but not quite broken yet.

 

DOW NYA Tran holding up OK thus far.

 

This is still up for grabs...big up or down tomorrow in everything could give us a better clue...

agree, bulls could yet pull another one outta da fire, just too tough here, got my very small bear S&P bear position rest in cash

 

LOL finished reading some posts and looked up to see Dow go positive! Fkn A this is a beasty market!!!!

 

Senor


Edited by senorBS, 04 May 2021 - 03:04 PM.


#860 dougie

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Posted 04 May 2021 - 03:34 PM

when you own the digital printing presses it aint hard to move things