Looking at QQQ on an hourly chart, if Wave 1 of a Wave 3 started on Feb 16 and completed yesterday at 292.56 and we are now correcting. To keep it clean, I would not want to see it go back to 297. If it doesn't and we start back down we'd be in wave 3 of 3 down and would look impulsive. It would likely break the 290 price and really look like a KWave bear market. Time will tell. I noticed a few people got quiet lately.
I could be completely wrong but I have a feeling the really big drop is about to start
Started by
skott
, Feb 16 2023 05:15 PM
40 replies to this topic
#32
SteveB
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Posted 22 February 2023 - 01:43 PM
.....I noticed a few people got quiet lately.
where da chef?
#33
skott
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Posted 22 February 2023 - 02:04 PM
.....I noticed a few people got quiet lately.
where da chef?
Looking at the sky no doubt maybe at a Blue Star.
Edited by skott, 22 February 2023 - 02:04 PM.
#34
skott
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Posted 22 February 2023 - 02:06 PM
XLE has been my best short. It's testing the key 84-82.80 support zone that's been tested 5 times and held for weeks now.
#35
skott
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Posted 22 February 2023 - 02:21 PM
Naz100 Futures will be in a Kwave 200 cross below the 900 at 11,948
QQQ needs to go below 290 to achieve the bear market status and likely full breakdown and crash. Not there yet
#36
skott
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Posted 22 February 2023 - 02:35 PM
Looking at QQQ on an hourly chart, if Wave 1 of a Wave 3 started on Feb 16 and completed yesterday at 292.56 and we are now correcting. To keep it clean, I would not want to see it go back to 297. If it doesn't and we start back down we'd be in wave 3 of 3 down and would look impulsive. It would likely break the 290 price and really look like a KWave bear market. Time will tell. I noticed a few people got quiet lately.
QQQ only reached 296.36 
#37
skott
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Posted 22 February 2023 - 03:39 PM
SPX is testing it's trendline from the Oct low. 200 day ma not far below that. pretty key levels here for the Bulls
#38
K Wave
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Posted 22 February 2023 - 04:39 PM
This is how I see it on the Naz Comp that still eerily resembles mid 1930...
If it takes out 11,400 and holds it, then 1930 scenario MUCH more likely.
But.....if it holds in this area, and shoots out the top, bearish bets much less attractive...
Still have a bias towards bears, but not for much longer if they do not ACT like they need to dead ahead....
GAME TIME!
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#39
skott
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Posted 24 February 2023 - 11:33 AM
closed half my MSI short cuz it's an individual stock. short 269.70 covered that portion at 262 exactly. I'm waited heavily short so I got a little too eager and I am really not feeling well.
#40
skott
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Posted 24 February 2023 - 11:37 AM
thinking about closing the other half of it because even after closing half of MSI and NVDA I am 154% short
