1.) a close belob 109.91 for 2 days in a row will trigger a sell signal.
once we get this confirmed signal, there is no telling how deep down will it move as it is based on calculations prevailing at that point in time. (also note that these sell signals are also subject to be voided if the market turns around & starts to go up after a drop)
2.) there is no way to calculate if dia will close below 108 on or before next friday, may 7th (first it has to penetrate & close below 109.71 before w can think about 108.
I apologize. I realize now that my questions were redundant. I just needed to read more of your posts. Too bad starting your own website, would take away your anonymity. It would be really interesting to see a daily post along the lines of Dave's Daily, from you.
Tactive@yma asked: "do you expect another drop before may 17th?"
reply: it is not what i expect as i am just a small individual & the market does not move as per my expectations.
but based on my proprietary calculations, going forward to may 21st, at best this market is likely to move sideways or will go up no sooner it clears & closes above 112.72 for 2 days in a row.
i repeat only if it closes above 112.72 for 2 days in a row. (intra day does not count)
this fraud market can & could tank without a warning at any time, so you are long dia stock or have long call options, you have to be on your best guard by being hedged with a put position at all times.
understand that this whole thing is about taking pre-calculated risk, for a potential reward greater than the risk and also being right more number of times than not.
in the end remember that the entire market is a whore house & every exchange in the world & every stock traded globally is a fraud & the entire trading world gravitates just to pick pocket your money round the clock 24/7.