chinawildman

chinawildman

I truly believe MSOs will bottom out at some point this year... if not already. Whether by way of a market wide dump during a correction, or by forming the bottom of a cup in an eventual cup and handle formation. I think the MSOs have some real world catalysts in place to start turning positive (SAFE Banking Act, more states legalizing, actual positive net...

chinawildman

Crypto overall has one more leg down I think. If $1 holds after the next FOMC meeting, bullish bat should guarantee $1.8 and eventually $2.85 soonish. my opinion, not advice.

chinawildman

Current move down looks like either wave A of a wave IV that started in november, or wave C of a flat wave IV that started in may. Either way changes are this wave is impulsive which means we should get a strong move down in the near term. I am overall long ETH but near term looks weak. We do however have a near term swing long opp with bullish bat shown around...

chinawildman

2 potential buy zones: if it bounces here (or all the way down to 142, we'll paint a bullish shark which should give a 0.5 retrace to the 171-175 range. Also concludes the head and shoulders pattern you see in the parallel channel if it floats all the way down to near the september low and bounces we'll paint a three drives pattern that will could potential...

chinawildman

One pandemic and 2 kids later... I'm back. Pot to me looks like the value play for this decade. Most view it as dead $ given the run on crypto and tech but I see a wave II corrective wave that's close to completing. 3 things need to happen for a true bottom to get painted here: 1) The drop needs to shallow out. We want a lower low that's on that 1x1 Gann angle...

chinawildman

Wow, I haven't looked at a single stock chart in a week because I've been busy moving and closing on my new home... I've been all cash for a couple of weeks now and thank goodness I haven't jumped in. I took a look today because I saw some headline about the market entering bear market territory and holy crap we just retraced the entire length of the 2008...

chinawildman

If there's any large cap that I think actually might benefit from the presence of the virus... it might be FB. SPX is about to test its 1x1 on the low end and I think we might get a dead cat bounce soon and draw some kind of bear flag. But fundamentally speaking, the lack of public interaction would probably promote more virtual interaction, which is FB's bread...

chinawildman Updated 

As bubbly as the dot com bubble was at the turn of the millenium, it never achieved a monthly close above the 1x1 45 degree Gann line of resistance. Two wks into February, here we are... A rally into the close on a Friday to tap that 1x1 45 degree line... The last time that happened? Jan 26th 2018... coincidentally also a Friday, also a rally into the...

chinawildman Updated 

Lots of folks believing the virus scare and the correction is over.... on with the bull market! Not so fast... I think we're still possibly in the midst of wave (v) of this rally which is going to reveal itself as a well-disguised ending diagonal that takes the shape of the July '19 topping pattern fractal. Had that been a real correction, those sell volume...

chinawildman Updated 

With Friday's lower low, I believe we are in a bonafide correction and that we are either in wave (iv) (could still be in a flat) or (v) of A of 4. The Gann resistance arc rejected wave 3 just as it did in Feb 2018. 1) Looking for this correction to last at least until Feb 19-20 or so. Note the 13WMA (orange line)... a breach of it typically results in it...

chinawildman Updated 

Notice how despite briefly breaking 3333, we couldn't close above it on Friday... 3333 is the 1.618 extension of the winter 2018 selloff, and an important technical level to watch. If SPX has a daily close above this level, it removes the likelihood that the entire 2019 rally is a 5-3-5 corrective wave B of a possible expanded or running flat. The pivot here will...

chinawildman Updated 

I like to use the 20 DEMA to match Gann angles and to me it looks like SPY has been moving upwards along the 1/2 (blue arrows) on every rally. A Gann Box drawn along this line is forecasting a top in the next several days. 1) Check out the retrace from the narrow range of 328.5 - 328.8... Lines up w/ pivots from this year pretty well. 2) Daily MFI (light blue...

chinawildman Updated 

PT 1537 in a week. Likely marks temp short term top w/ a pullback to the 1/2 to draw a small wave 4 before it proceeds higher to finish wave 3. Fundamentally GOLD is still the safer rally to chase. Fed is now actively encouraging inflation and raising targets leading to a lower dollar supporting the current rally. I estimate the second and most violent part of...

chinawildman Updated 

Bubbleicious indices keep marching up on regurgitation of same news... where it stops nobody knows. Some ideas though: 1) Looks to be painting some sort of ending diagonal. I say this because to my eye it looks like the moves upward look like AB=CD patterns (green boxes) and ending diagonals are impulse waves of 3-3-3-3-3 as opposed to the typical 5-3-5-3-5....

chinawildman Updated 

Shoulda caught this H&S neckline before... Looks like one more impulse down to complete wave 5 of C and the H&S pattern. Massive support levels around 1433-1425. Wave 2 top, channel bottom, bullish gartley, 1.618 AB=CD extension. Looking for oversold conditions on higher TFs and bullish divergence. Easy buy in this range, Feb GLD calls look tasty once we get a lower low.

chinawildman

Already seeing headlines boasting BIGGEST BLACK FRIDAY EVAR!!! Looking like a setup for a good short, especially as a hedge if you're long the overbought scam that is the SPX right now. Thxgiving week (light blue intervals) has marked a local top or a continuation of a downtrend in 4 out of the past 6 years. The purple indicator is correlation w/ put volume on...

chinawildman

Take a look at the red line in this chart. It's the relative performance of SMH as compared to SPX. The green line is MFI. Note how each time this line starts to nosedive, and the move is confirmed by MFI, it's lead to further weakness in SMH, and more often than not, it marks a top in the index as well. SMH is now bumping up against the 1.618 extension from the...

chinawildman Updated 

I was messing around w/ the Gann Square and drew the 1/1 from the Feb 2018 low... and lo and behold a few things suddenly line up: 1) Each Gann interval appears to mark a local top in the index, starting w/ the Jan 18 top, then the Sep 18 top, and then the May 19 top. Do note this is a 4 day chart so the tops were put in +/- a week of the labeled intervals. 2)...