QQQ - Penalty Box - Awaiting Decision - Playing for new ATH

24 Feb 2021

Currently positioned for a repeat of the January drop and pop.
So far it's dicey. Playing Texas HODL 'em at the moment as I watched the move drop to the January Opening price way out of channel.

If we drop below 313.85 time to GET OUT! Next Stop Ground Floor.

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

25 Feb 2021

Nota

Wave 2 Invalidated, 100% retrace. Probable WXY now

25 Feb 2021

Nota

Folks, for anyone following this idea, I urge caution. Determine what losses are acceptable to you and set stop losses. Things could get ugly. We've been flirting with the Bear Zone, and 30+% drops are possible. One scare on NGA and it dropped 57%, one on WKHS and it dropped 71%. The market is very volatile.

1 Mac 2021

Nota

Adjusted Probable Glide Path


Where we go after this EWave is uncertain.

2 Mac 2021

Nota

We're bouncing around in the Penalty Box


I suspect the market is awaiting the stimulus deal.
1.9T passed the house, being debated and modified in the senate
Next step back to the house for modified version approval, possibly this week.

4 Mac 2021

Nota

Lots of "Head and Shoulders" patterns completing this way.


Still looking for stimulus in the next 2 weeks to push things higher, but will take my losses and get out if we start back into the 2008-2020 channel between the dotted black lines.

10 Mac 2021

Nota

Today's Hairy Heuvo Complete