Nasdaq 1995 is very expectable

Nasdaq 1995 is very expect able, as predicted before, based on today's market action, at least very promising !

Bulls really need another BIG jump up day to breakout 1980. It seems to me some big bears will be burned out again in a short time, if this turns out to be true.

I am watching closely on the chart to learn how the bulls will complete this crazy run up wave and how the old bears be killed and new bears be trapped as well ! It's so fun to watch!

Trading the market is like dancing with the market. We need to know its beat !

I have sold most of my long positions, only a small part (with zero cost) is left to wait for the NASDAQ 1995 to be fulfilled. I will hold cash for a while. I feel it's not a good time to trade in the next 3 coming waves.

Here is my predictions and outlooks for the coming 3 waves:

1. The next 3 waves after this UP wave will be in this order DOWN, UP and DOWN.
2. The battle in the coming DOWN wave will be a battle over the 250 MA. Watching 250 MA closely can tell you the fate of bulls and bears in advance.
   
3. The fate of the coming DOWN wave has already been discussed before, please refer to the old post here.

Since there are two quite different possibilities for this expected coming DOWN wave, either kill bears again or kill bulls, I decide to stay sideline and keep my earnings this year safe. In my opinion, trading such waves is a gambling! It's not good at all. I only trade the inevitable wave like this UP wave. Hopefully, I can keep the good habit.