2360, 2600, 3300, 5400 DRAFT 6-5
Introduction - So we are going to to 2300 and 2360, all done on or before Sunday 04/14. The only part to figure out are in between details. Because of the size of the move, there can be an 80-point retrace in between. This is favored to happen especially if price makes 2300 on or before Tuesday 04/02.
Details - Please see previous drafts for how we got here. This time I will not add much to this (besides notes for 80-pt drop) because I think the pattern is pretty much set. I am basically "leveraged long" long term. So besides trying to sidestep that 80 pt drop, my main strategy is basic buy and hold until a big target hit. For me, this series is 2300 and 2350 (even though vol limits say Sunday 4/14 can hit 2400). That's it.
Details - Please see previous drafts for how we got here. This time I will not add much to this (besides notes for 80-pt drop) because I think the pattern is pretty much set. I am basically "leveraged long" long term. So besides trying to sidestep that 80 pt drop, my main strategy is basic buy and hold until a big target hit. For me, this series is 2300 and 2350 (even though vol limits say Sunday 4/14 can hit 2400). That's it.
Comment:
d) I forgot to mark that
e) but it's 2 days ahead of NFP
f) this not time to get cute and trade in and out too much
g) it's 2176 as I type, next logical move is sell 2300
h) NO MATTER WHICH WAY WE GET THERE
i) even if it's one gradual top odds STRONGLY FAVOR at least a retrace of 40-50
j the rest of the zig zags are not worth getting annoyed for
e) but it's 2 days ahead of NFP
f) this not time to get cute and trade in and out too much
g) it's 2176 as I type, next logical move is sell 2300
h) NO MATTER WHICH WAY WE GET THERE
i) even if it's one gradual top odds STRONGLY FAVOR at least a retrace of 40-50
j the rest of the zig zags are not worth getting annoyed for
Comment:
Comment:
- TYPOS 2200 AND 2205, not 2000 and 2005
- sorry about that
- sorry about that
Comment:
Comment:
FOR MY REGULARS:
1) the big move is here
2) this is not the time to trade for 10 pts
3) this is time buy and hold to high target
4) this is time for leveraged long
5) this is time for at the money calls 4 weeks out
6) the experts are still expecting weakness, but this time they will be shocked
7) all the work I've done, I've done to bring you this moment
8) this is not like the move to 2150, when I didn't know it was going to happen or not
9) this time I know as much it's possible to technically know
10) entry big here
11) AND WHY?
12) because you can take those profits and ENTRY SUPER BIG on 6/12 FOMC
13) you are not going to make a lot trading 5-10 pts my man
14) the moment we keep waiting for
15) THAT MOMENT IS HERE!
16) this is the time for courage!
1) the big move is here
2) this is not the time to trade for 10 pts
3) this is time buy and hold to high target
4) this is time for leveraged long
5) this is time for at the money calls 4 weeks out
6) the experts are still expecting weakness, but this time they will be shocked
7) all the work I've done, I've done to bring you this moment
8) this is not like the move to 2150, when I didn't know it was going to happen or not
9) this time I know as much it's possible to technically know
10) entry big here
11) AND WHY?
12) because you can take those profits and ENTRY SUPER BIG on 6/12 FOMC
13) you are not going to make a lot trading 5-10 pts my man
14) the moment we keep waiting for
15) THAT MOMENT IS HERE!
16) this is the time for courage!
Comment:
Comment:
Comment:
- that's what the math says...
- I don't have a good reason why this move should not be "base case until proven wrong"
- besides it's too aggressive
- but what you have is an explosive setup..
- how do you define what is explosive?
- if you use numbers and trend formulas
- what you have is 2400 on Sunday 3/31 or Monday 04/01
- the only reason I am not stating this as base case...
- is bc it seem a bit too much to accept
- but be aware
- I don't have a good reason why this move should not be "base case until proven wrong"
- besides it's too aggressive
- but what you have is an explosive setup..
- how do you define what is explosive?
- if you use numbers and trend formulas
- what you have is 2400 on Sunday 3/31 or Monday 04/01
- the only reason I am not stating this as base case...
- is bc it seem a bit too much to accept
- but be aware
Comment:
- want a good reason why?
- since Sep 2011, Gold is up 13% from its intraday 1920 high
- that's 1% a year
- while prices for everything else... has doubled, some trippled
- using all time high marker of 2011 as baseline is unfair
- we can use all time highs for everything else prior to 2011
- and this argument would be correct
- anyway, pay attention Sunday and Monday night
- especially if we close Thursday AT THE HIGH
- since Sep 2011, Gold is up 13% from its intraday 1920 high
- that's 1% a year
- while prices for everything else... has doubled, some trippled
- using all time high marker of 2011 as baseline is unfair
- we can use all time highs for everything else prior to 2011
- and this argument would be correct
- anyway, pay attention Sunday and Monday night
- especially if we close Thursday AT THE HIGH
Comment:
3/25, 4:41 PM ET, 2171.xx, did not break higher like we wanted yet
a) has any thing changed for our plans
b) ABSOLUTELY NOT
c) it' is a perfect perfect setup
d) buy 2171 here, you'll thank me later AND IT WON'T BE LONG
a) has any thing changed for our plans
b) ABSOLUTELY NOT
c) it' is a perfect perfect setup
d) buy 2171 here, you'll thank me later AND IT WON'T BE LONG
Related Ideas
a) in chart above, there are multiple colors
b) there's also a blue zig zag
c) there's basically 2 ways this happens :
1) single top gradual push to to 2350, then runaway spike to 2400
2) double top via 2300-2220-2360, no runaway top
3) the sign is whether or not we get 2300 before 04/03's ADP