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BULLISH intraday reversal but more declines ahead


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#41 K Wave

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Posted 22 August 2023 - 09:38 AM

Keep your eye on the Big Dow Kahuna UNH here....

 

4 hour wave totally stalled out now after uptrending for over a decade.

 

Under 480 could signify rally failure and BIG drop incoming

 

Back above 500, could mean bears don't have the juice yet.

 

 

Monthly certainly lookin' fully ripe after ending the run with the Hangin' Man way up high...

 


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

 

 


#42 K Wave

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Posted 22 August 2023 - 09:42 AM

DKS monthly an example of so many divergent echo bubble tops I am seeing setup out there...

 

Just need a bit more breakage in the averages, to start coming down the mountain after exhaustion....but not quite there yet...

 


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

 

 


#43 12SPX

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Posted 22 August 2023 - 09:43 AM

Adjusting and out at 4410 for a 15 point profit, getting tempting to go long around here, hmmmmm



#44 K Wave

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Posted 22 August 2023 - 09:45 AM

Here's MSFT...setup is there...just need the hard break now to seal in massively divergent 40 year cycle top....

 

Perhaps NVDA tomorrow will be the catalyst...and perhaps not....but certainly cannot rule it out..

 


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

 

 


#45 K Wave

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Posted 22 August 2023 - 09:46 AM

And Apple...not likely iPhone 15 gonna help much in this wildly overvalued stagnant company

 


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

 

 


#46 K Wave

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Posted 22 August 2023 - 09:50 AM

Dow weekly...big area around here and 33600...

 

Bulls need a rocket launch though to prevent the nascent weekly momo rollover...


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

 

 


#47 K Wave

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Posted 22 August 2023 - 09:55 AM

And that breakaway from the huge island in the sky on NYA still potentially very ominous....classic echo rally failure???

 

 

Here's the 4 hour look...bears really don't have too much unless they can blow out 15600 area...then things get interesting......

 

tricky little area here...how it all resolves could could be very big in the scheme of things...

 

 

 


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

 

 


#48 K Wave

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Posted 22 August 2023 - 10:00 AM

Deere starting to look like massive 40 year cycle top may be in...

 

Daily

 

 

Weekly

 

 


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

 

 


#49 12SPX

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Posted 22 August 2023 - 10:04 AM

Thought it would be easier to get 4420 but had to settle with a short build start at 4415 once again....



#50 K Wave

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Posted 22 August 2023 - 10:05 AM

MCD...as I said previously, those that did not sell yet another poster child for debt ponzi at 300, would probably regret it.

 

weekly very close now as momo starts to disintegrate...

 

 

Monthly #NotABubble...Yeah, that's the ticket...

 


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