This time back to Denmark again with full updates and charts.
Markets is still quite weak , yesterday was a near flat but very choppy day up and down , but ended all quite flat or very little down.
All in all I'm still very bullish as I think after this move down we form the right shoulder in a big inverted head and shoulders pattern and after we form this there is a MAJOR rally to come.
The thing is that the RIGHT shoulder in inverted head and shoulders pattern is nearly always BELOW the left shoulder - in the inverse ones , and the right shoulder is always ABOVE the left shoulder in the topping head and shoulders pattern.
So right now all things are clear - the right shoulder is now BELOW the left shoulder so EVERYTHING should be clear that we could be about to have major rally and reversal.
AAPL did a nice reversal yesterday and got a BUY signal on AAPL - usually AAPL leading markets too up and down , so if AAPL is any indication , then markets ia just about to make a big rally.
If we take a look at all the european markets I think a big and major rally is underway into year and and January. We are comming to a time here in December which is the BEST month for stocks over the entire year - so get ready , lots of good looking small caps will run hard.
Conclusion: Look at the charts they tell the story , right now I'm as bullish as I were early October and think a major rally is still comming - this little slowly move downs is NOTHING bearish imo , we are creeping down slowly until something happends and then we sky rocket imo... and per my thesis it should have happended already on this Tuesday , hopefully Wednesday today will be better.
Remain long TNA 43.5$ size , EDC 80$ both underwater now , and also lots of good looking small caps which is in profits right now.
i feel like dying now. the hopeless feeling.
ReplyDeleteThis is not going to be a good swing trade. It will have to be a long term hold & wait especially if you followed & bought TNA in the Mid 40's. TNA will be lucky to get back to mid 40's let alone make a profit in a month time frame. As you can tell I disagree with his trade. Funny thing I think Sqwii was originally right with his short swing trade with target of 1130 but switched to the bull side out of nowhere. I didnt like the bullish inverse H&S we has been charting. They seemed like a stretch.
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