Jump to content



Photo

Current outlook FWIW


  • Please log in to reply
28 replies to this topic

#1 EntropyModel

EntropyModel

    Member

  • TT Member*
  • 2,253 posts

Posted 23 October 2022 - 09:13 PM

Taking a break this weekend to refresh! but looking over everything, and refer to my setups below in comments

- tomorrow HAS to UP and UP BIG for the larger 'c' wave ...if not, then high odds were already failing on this IT bounce attempt which has been my expectation as stated - a range, and long winded attempt to make a major IT bounce but that eventually it will fail ...alot of signs of that already on the setups/signals/model.

- I do expect 'support' this week still as election near, and FED won't want a cratering market that in any shape form blame can be blamed on CB as 'political' - so downside if any, shd be limited as i've also been saying

- I see alot of Psy Ops again working on retail to go from current bearish state to a bullish state will take at least another week or two I believe then POST election if this occurs, is where the danger of a new leg down to new lows increases.

ALOT on the line here for bulls on mon-tue because as i've said - we 'shd' be making IT major low but model puts it low odds and really mon-tue is last chance saloon for it to breakout to upside ..and at least get that large 'c' up .(see previous charts)

 

chart setup

https://www.traders-...2-vix/?p=878318

https://stockcharts.com/public/1999623

 

source: https://markdavidson...entary/comments

 


Edited by EntropyModel, 23 October 2022 - 09:18 PM.

Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data. I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'. Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email

#2 linrom1

linrom1

    Member

  • Traders-Talk User
  • 3,172 posts

Posted 23 October 2022 - 09:34 PM

I don't even have a bullish count.



#3 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,947 posts

Posted 23 October 2022 - 10:26 PM

My FF is ST (2 weeks) bullish bias based on Psy Ops from FED with election in 2 weeks.

LT (6 months) here I am going to borrow Powell's words..."data dependent".

However there are many dark clouds in the sky, so caution is warranted. 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 andr99

andr99

    Member

  • Traders-Talk User
  • 6,825 posts

Posted 24 October 2022 - 06:50 AM

I don't even have a bullish count.

 

Elliott is in my opinion, the best way to wrongly forecast the stock market........american indexes are headed higher from here, but don' t worry that count will change over and over 


forever and only a V-E-N-E-T-K-E-N - langbard


#5 andr99

andr99

    Member

  • Traders-Talk User
  • 6,825 posts

Posted 24 October 2022 - 11:19 AM

it's easy to turn a b c into a b c d e f g h i j k..........then when we get to k it will turn into 1 2 3 4 5 


forever and only a V-E-N-E-T-K-E-N - langbard


#6 andr99

andr99

    Member

  • Traders-Talk User
  • 6,825 posts

Posted 24 October 2022 - 11:37 AM

it's amazing how people easily believe in fake theories, philosophers of the d@@@, religions, prophets, magicians, extra sensorial perception of sensitives............everything but the truth. Tell them the truth if you want to make sure they don' t believe you......tell them a mountain of lies, they will adore you. Thanks to my grandfather to make me inherite his logical mind........thank you Dominik


Edited by andr99, 24 October 2022 - 11:38 AM.

forever and only a V-E-N-E-T-K-E-N - langbard


#7 EntropyModel

EntropyModel

    Member

  • TT Member*
  • 2,253 posts

Posted 24 October 2022 - 12:18 PM

Strong dollar correlations right now

https://mark_davidson1-yahoo.tinytake.com/msc/NzQ5MDYxOF8yMDQxNTU5Mg

https://mark_davidson1-yahoo.tinytake.com/msc/NzQ5MDYyNl8yMDQxNTYwMA

 

Extreme BTFD right here (signal below) has led to sideways or pullback very high odds over next hour or few.

https://mark_davidson1-yahoo.tinytake.com/msc/NzQ5MDYyOV8yMDQxNTYwMw


Edited by EntropyModel, 24 October 2022 - 12:20 PM.

Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data. I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'. Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email

#8 EntropyModel

EntropyModel

    Member

  • TT Member*
  • 2,253 posts

Posted 24 October 2022 - 02:23 PM

FYI - This is the IT price model IT Up cycle supporting market since late Sept - however, it's against a higher trend down price model cycle ..which typically leads

to failure around the mid-band  as seen early June.  

 

https://mark_davidson1-yahoo.tinytake.com/msc/NzQ5MDkwOV8yMDQxNjAzNw

 

I am looking for clues on this ST here as ST intraday model is moving to high odds sell reversal here, at same time were

coming into a price setup sell zone nexus -  If price can hang tough and not reverse in this price/time zone into tue AM ..then MAYBE 

I am wrong and we'll get a full  IT Up cycle ... but needs to prove it right here.


Edited by EntropyModel, 24 October 2022 - 02:27 PM.

Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data. I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'. Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email

#9 EntropyModel

EntropyModel

    Member

  • TT Member*
  • 2,253 posts

Posted 24 October 2022 - 04:16 PM

HUGE disparity between the DOW( relative very strong bounce) and Tech(weak bounce) here .. that's not typical of strong IT bounces, and definitely not of major lows...not an immediate 'killer' but

definitely not a positive longer term sign...I cd see relative strength swapping around here in this period, something to keep an eye on ...rotation.


Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data. I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'. Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email

#10 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,221 posts

Posted 24 October 2022 - 04:31 PM

Psy Ops from FED with election in 2 weeks

 

Huge numbers of mail-in voting already, just after the DJ30 got goosed by "unknown" goosers.

 

 

Published Oct. 21st 2022:

 

2022 Election: More than 1 million Florida voters cast ballots already by mail

Voter totals will rise next week with the start of in-person early voting, which gets underway in Florida counties, with some starting as early as Monday.Convenient.jpg


Edited by Rogerdodger, 24 October 2022 - 04:47 PM.