QQQ: A lesson in probabilities of possibilities.

In my recent premium member weekly major market digest I reviewed why when a high odds pattern develops I always chose the side of the higher odds. Why? It’s like say any race, tournament, or game. Betting the highest ranked team or player will win is always the most prudent, but it doesn’t mean the…

NASDAQ Big Picture Update

The NASDAQ has IMHO two major options according to my Elliott Wave analyses: Cycle-3 topped in 2018 and Primary-C of Cycle-4 (C4) gets going to ideally around $6000+/-500 (Figure 1) or, Primary-V is underway in an ending diagonal fashion to complete Cycle-3 (C3) at around $9500+/-250 before Cycle-4 sets in (Figure 2). I fully understand…

RUSSELL2000 Update: Fibonacci at work.

Anybody who follows the market with some level of interest is, or should at least be, aware of the importance of the Fibonacci sequence, its related golden ratio, and spiral (see featured article image) I will not go into detail explaining who Fibonacci was, what he discovered and how important his findings are in understanding…

NDX Update: Sunny with a chance of pain?

Over the past many weeks, starting June 3 (see here), I have been looking for the NDX to reach $7500 through completing an impulse wave pattern.  On July 25 the index reached $7511 and reversed hard over the next three days. But, after that quick 2.8% drop to the 50-day Simple Moving Average the index…