Panda-BEAR: 20+ yrs active trading experiences; use a TEACT formula (Trend, EWT, Astro, Cycle & Technical). NTA. MPW's zone: https://teapawt.net/t.co/ZPu5cRLwEz
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7394 looks good for a short-term capitulation low--and it should be held for a few days for a sizable rebound. But, the damage is done, and it is better to check weekly chart for next bottom or key levels. Today's action breaks multiple support lines and set up a new regime.
7460 target captured [the following chart is from MPW mid-week update--my primary count, the Red Path, called for a revisit of the low, and eventually target 7320 for the first KEY bottom.
MPW Mid-week Update Posted: (1) I called for more volatility--and it did--with some drastic reversals. (2) I pinpointed election day & mid-point of Mercury Retro as a major reversal window--it did, but during the AH & pre-market. (3) check for update thekobeissiletter.com/panda
$VIX gap at 24 closed, one-day late, but still on schedule overall.
A bet that mid-day Tuesday, $VIX would pop through the last high at 23.93 and CLOSE THE GAP at 24.34 entirely.
To do this, the market doesn't need to "crash"; instead, it would be a death-by-a-thousand-cut type of sliding lower, lower and lower, up until the final capitulation
MPW Mid-week Update Posted: (1) I called for more volatility--and it did--with some drastic reversals. (2) I pinpointed election day & mid-point of Mercury Retro as a major reversal window--it did, but during the AH & pre-market. (3) check for update thekobeissiletter.com/panda
$MSFT racing to ATH--much faster than this pattern suggests, but it fulfills the reversal pattern drawn on the chart below. Also, 552-555 zone has been a tough resistance level for $MSFT, and stopped it three times over the last two years. Today's attempt has larger implication
Master WU retweeted
BREAKING: Democrats have now flipped 6 seats in the US Senate, officially gaining control of both the US House and Senate.
This marks the largest Democratic gain in the US Senate since 2008, when the party achieved a net gain of 8 seats.
Kansas' US Senate seat has flipped Democrat for the first time since 1932, ending a 94-year Republican winning streak in the state.
Democrats have also flipped 15 seats in the US House.
A bet that mid-day Tuesday, $VIX would pop through the last high at 23.93 and CLOSE THE GAP at 24.34 entirely.
To do this, the market doesn't need to "crash"; instead, it would be a death-by-a-thousand-cut type of sliding lower, lower and lower, up until the final capitulation
$VIX high today = 23.93--closed partially the gap I mentioned in the following tweet--I wrote that gap would likely be closed "by the end of October"--how sweet and accurate a prediction, the last trading day of October.
$AAPL's post-earning low is 332, lower than the 334 marker on Friday.
Greater China revenue sank and that should be expected and a major warning, IMO.
$AAPL's low is 335, very close to the "ghost print" marked last Friday at 334. Also, the black DMA at 328 will be the next target.
I believe my "friendly reminder" should have helped you, if you heeded my warning, very timely.
$AAPL's low is 335, very close to the "ghost print" marked last Friday at 334. Also, the black DMA at 328 will be the next target.
I believe my "friendly reminder" should have helped you, if you heeded my warning, very timely.
“Then, Monday would be REALLY INTERESTING"!
Are you entertained?
Those MPW Bamboo Scroll followers should reload their short positions near 7620 zone, as predicted in the roadmap.
Now, let's see whether the mysterious pattern I found out would fulfill tmrw.
MPW Bamboo Scroll #248 Posted: (1) if you miss this week's newsletter, you would have missed a lot. (2) I shared something that I find otherworldly and it should have some amazing predictive power. Let's see. (3) check here for latest update thekobeissiletter.com/panda
$VIX high today = 23.93--closed partially the gap I mentioned in the following tweet--I wrote that gap would likely be closed "by the end of October"--how sweet and accurate a prediction, the last trading day of October.
$VIX=18.75 > 18.50.
The black trendline over the last 18-month has been effectively broken. The next two targets are (1) 21-25 gap--which I strongly believe market would get there by the end of October. (2) 34-36 gap--that would take some extra efforts from geo-political front
Newbie traders: "do you feel the taste of PANIC AND FEAR"? -- see what I wrote last week today, as if I knew something back then. My model identified [almost perfectly] the bottom zone and the turning date, so I gave out the warning as clearly as possible--hope some listened.
MPW Bamboo Scroll #247 Posted: (1) next week would give newbie traders a taste of "panic and fear." All things line up perfectly, with BIG TECH earnings and FOMC. (2) I revealed how I called 7612 to singile-digit level and what is the REAL BOTTOM. Check herethekobeissiletter.com/pa…
Crashing through my w-a target--out of ALL 10/30 puts and most 11/3 SPY 765 puts--from $2.7 cost to $10. Should be enough for today, and expect a last 15-min spike up to clean those late bears. Then, Monday would be REALLY INTERESTING.
