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