DaddySawbucks

DaddySawbucks Updated 

Read Wyckoff, heed the master. Having reached an ATH, big players prop up share prices in order to distribute their supply to retail investors (YOU!) at highest possible price. Tops take months to unwind, this one now going on for three months and probably gonna get one more massive bear flag rally after this selloff corrective structure completes. Pls read the...

DaddySawbucks Updated 

Progressively lower volume as the pump goes up. RSI way overbought. Dump likely, perhaps to a higher low at former resistance line. Not advising to short it, consider taking longs risk-off.

DaddySawbucks Updated 

Maybe halfway down the flagpole. Had a pennant form around 4700, usually a continuation pattern. Might get another waterfall straight off, or a B wave and then lower. 50 DMA likely target for support. Be Real Carefull about Buyin this Dip, these dots may not be done dippin. A bounce is certainly possible before lower, wouldn't bet on it. We had two weak...

DaddySawbucks Updated 

Most impressive rally young Jedi, Bearbegone has taught you well! But now you will learn the true power of the Short Side, my young friend! LOL get long if you dare! Lord Wyckoff has not yet spoken his last line in this play.

DaddySawbucks Updated 

Chart says all. Correction is not over IMO and you ought to expect a much deeper pullback before plunging long. DYODD; GLTA!

DaddySawbucks Updated 

Prior ABC Ideas closed for blowing through projected pivot; we're dealing with a monster here, not a garden variety correction. Topping formation in Wyckoff distribution. Will sell like Hell, then bounce back into a lower high zone, then sell again... and again. Looks impulsive. We clearly in Three not a C, which should've turned today. Three typically = 1.62 x...

DaddySawbucks Updated 

Chart says all. Bounced off 200MA since covid crash. Expect slight lower to open with piercing tail under 200 DMA. Buy weekly calls or ETF at your own risk, GLTA!

DaddySawbucks Updated 

Better close ur shortz. Look at time and price patterns past two weeks. Down, down, Up; down, down....UP coming See SqMo get ready to turn see WT bending, RSI oversold, people say, gonna get more oversold! Maybe so, won't last much longer. Get ready for a big pop, a short-killer. When greedy put holders close out for loss the MMs can wind up their short futurz...

DaddySawbucks Updated 

A break below this line will be the death blow to this aging bull IMO. Keep a close eye on this one, maybe no position is best atm, eh?

DaddySawbucks Updated 

Maybe. On higher timeframe, still looks bearish, a Bounce is likely from the 21 MA IMO. See the 'h' pattern? Primary and Secondary sells. Indecision and consolidation followed. Would not get real Bullish just yet, although it sure suggests we could see higher next week. These indicators are by no means foolproof, but they do help you to not make expensive...

DaddySawbucks Updated 

Look what they did to it. Vertical is unsustainable. When it breaks will be astounding.

DaddySawbucks Updated 

LOL, follow-up to a recent post. We got a shooting star Doji on the daily 30 Dec at ATH retest and fierce EOD sell. Looks like Thursday's gap was Exhaustion, filled EOD and sold lower. I be Shorting any subsequent rally into the New Year! This ain't advice, you could lose a lotta damned money doing this! Trade at your own risk, GLTA!!

DaddySawbucks Updated 

Not saying this will happen, just that it could very easily do this before it collapses. Indicators are overbought and suggest sell imminent, but these can fake you out, a small pullback could provoke the vertical spike. All the gamma is gone positive and rolling up the callwall 100 pips could release the kraken on Friday 31st. Most ultimate ATH have a...

DaddySawbucks Updated 

Going oversold. Price pressing to prior bottom support zone. Watch small caps, leading indicator for pivots. May be ending uptrend but a strong bounce could occur over holidays, wiping out shorts... would not chase this! Friday Triple Witching was a Bear Trap; don't get caught twice!! Just GTFO if you are not damned sure!!! Watch indicators, a buy signal may...

DaddySawbucks Updated 

Santa came and the rally goes on until Happy New Year. Then... what?! An impulsive movement looks to be close to end run. Passed the first Fibo, can pivot anywhere in zone. Near overbought. After a correction back to former resistance, expect a final parabolic nutty runup. Until the first rate hike. Not investing advice, just a warning... probly close to...

DaddySawbucks Updated 

And Higher Thereafter!? Should bounce from 21MA IMO. Needs a pullback after the monster rally. Typical handle is ~0.50 fibo of cup wall. Test ATH thereafter, and beyond?! Who knows, double top before FOMC seems likely at this pace. Fed could tank it again.

DaddySawbucks Updated 

Chart says all. Got an impulsive EW completing over three days. Oversold condition. Double bottomed QQQ ~384. Ripe for a bounce IMO. Fed may offer relief rally. Or could tank off more. Being short here could hurt.

DaddySawbucks Updated 

Projection IF Three Drives leads to a Top, a breakout above ATH. Pure guess, a worst case scenario for the shorts. Insane rallies happen in endgame. NOT saying this WILL happen; just that it certainly COULD, a blowoff ultimate ATH might be the last charge of the Great Bull, running since 2010. 2022 will certainly be challenging for equities IMO, all future...