It's so COOL ! The red trap-zone will be successfully broken down if NASDAQ 1960 can not be taken over by bulls in a few days.
My last week's prediction has been turned to be true today. Below is quoted from past post
"Another conclusion based on my theory: a money-making zone will be very expected for bears. Namely, breakdown 1960 is almost a certain thing so far. "
I sincerely hope you have read this post and have taken some actions to protect yourself by either hedging or a cash holding state !
The measurable TARGET for this expected DOWN wave is:
- ~ 1880 area
Tiger, Thanks for the great posts. I really appreciate it. You have talked at length about avoiding the trap zone, and I can clearly see the patterns now, thank you!
ReplyDeleteNow that we have broken thru 1940, if one has not entered a trade to go short, at what point to do you look to enter on this confirmation down? Is it on a retest of 1960, to see if this is a headfake? I would like to understand mor about entries in this type of scenario.
According to my theory, the perfect shorting point is the starting point of the money-making zone, namely, last Friday's 1986. In half hour, this money-making zone has produced 50 points of profits. Very powerful.
ReplyDeleteBut the key here is very hard to catch the starting point of the money-making zone. That's a research topic that I am studying now, and hope to share with you here later.
I think this DOWN wave will hit 1900 at least, if not 1880, which is my expected target. So any bounce above 1900 will be a short opportunity. But, since the perfect shorting point, 1986, is already missed. Please be careful and do cover the short once 1900 is touched.
Anyway, I am expecting 1880 to be touched soon.
I remember you have predicted real market top around 2018 for NASDAQ, this time compare June-July, it may have deeper correction. China’s market has began correction 9 days ago, it has dropped more than 600 points or down more than 15% so far, US and Europe market have delayed some time, but will follow if the TA not cheat us.
ReplyDeleteAs bear, I have burned so hard by this market big run up started from March 10 and has burned again from July 13. How about this time? I reopened some short position 2 days ago. Unfortunately, I have more long positions so far have been trapped by you defined trap zone, I was think get out my long position last Friday if the market bounce little bit. Looks like I have to take loss now.
July 13th market run up has been triggered by better than expected earning reports. I don’t know what can continue support market now and future. So my prediction is this correction will go as long as 6 weeks, down to 1650 (NASDAQ) area. Today’s action will confirm down trend for all 3 major indexes with huge values.
JZ
What would happen after 1880?
ReplyDeleteDo you see DOW go down below 8500 this year?
ReplyDeleteLet's see 1880 first before we talk about what will happen then!
ReplyDeleteEverybody has to understand one fact of the market: dynamics
That's why I am keeping track of the market development every day.
Predict too early is very dangerous and may be misleading...
For DOW, let's see if it can hit 8800, before we talk about 8500.
ReplyDeleteThanks Tiger.
ReplyDelete