This might explain that last chart better! and how I see IT current setup.
Posted 25 October 2022 - 05:37 PM
This might explain that last chart better! and how I see IT current setup.
Posted 26 October 2022 - 01:56 AM
Evening comments
Posted 26 October 2022 - 10:43 AM
More 'fairy dust' via falling dollar here this AM ... I have to admit it's amazing timing LOL ..especially if dollar reverses say in a couple of weeks back up.
Edited by EntropyModel, 26 October 2022 - 10:44 AM.
Posted 26 October 2022 - 11:12 AM
Dollar Fairy dust to Dow relationship -
https://mark_davidson1-yahoo.tinytake.com/msc/NzQ5ODAzOF8yMDQyNjQyNw
Posted 26 October 2022 - 02:55 PM
I think the dollar could still have one good push left in it.
Ny minimum tqqq target (bearing in mind that bear markets surprise to the downside)
Posted 27 October 2022 - 04:40 PM
Blimey -
https://mark_davidson1-yahoo.tinytake.com/msc/NzUwMzg4OF8yMDQzNDE2MQ
That didn't take long did it? ..goose the Dow that literally no one trades/own, whilst Tech barely bounces that everyone trades and owns ..to massage sentiment back to greed - plus now its Xmas positive season so expect retail to put Santa hats on.
Posted 27 October 2022 - 07:01 PM
FYI I don't like what I see on the IT up cycle here ... will update when I get a chance ...outside of the no one cares DOW - the broad market SPX and tech this
bounce like just like all the others in 2022 in my model where most have topped out ..albeit some with one more push up, others not .. this is actually the weakest
of 2022 IT moves on tech which takes some doing given the setup we had LOL
Edited by EntropyModel, 27 October 2022 - 07:03 PM.
Posted 28 October 2022 - 04:49 PM
With a recession dead ahead I guess this is not really breaking out
What a bunch of idiots - selling gold and buying the dow
Posted 03 November 2022 - 11:05 AM
I will make a full video post today or tomorrw but those following my work know was looking for move topping out, and break of 3800 to trigger IT sell.
For those that follow waves u can follow this chart on stockcharts public ..'C' completed as expected.
https://mark_davidson1-yahoo.tinytake.com/msc/NzUyOTM3NF8yMDQ2OTI2OQ