yosip1115

yosip1115

Danaher is a strong stock. It has made employees millionaires for decades. I happened to open the chart today and saw it is in a fairly steep correction as of early November. This is an exciting opportunity to buy the dip in my opinion. I will be looking to enter longs at the market resistance level around $205. I would expect an ABC zig zag corrective pattern...

yosip1115

GE is potentially working on it's third bull channel here thanks to their CEO; Henry Lawrence "Larry" Culp, Jr. Larry had a fantastic history at Danaher corporation before moving into his current role. Larry is highly incentivized to raise GE's stock price... He will net $47m for a 50% increase in price, and $300m for a 150% increase. I would expect him to...

yosip1115 Updated 

I don't trust this pig after Monday's wacky open

yosip1115

Hard to say now but if this ascending triangle holds water then we can see a pullback to 335~ over the next week or so. I drew the breakout arrow up but really that's anyone's guess. I really want to say that Monday's gap open/ massive wick day should be ignored or treated as a bearish sign.

yosip1115 Updated 

Wanted to add my wave count for the rally we saw from 3/23 lows. We have formed a large ABC zigzag down from the ATH's in Feb, down to the 3/23 lows, then up to the 297 level (A and B). We are now entering wave C down, which can be broken up into subwaves. Inside of the large ABC zigzag's wave C, this wave three should take us to 258 levels according to the...

yosip1115 Updated 

Two ways this plays out... #1 We are already over with wave 5, which has extended to 123.6% of wave 4. Heading down for the foreseeable future. Can break this up into further subwaves if this is the case, but we would be at the mercy of seeing how long wave 1/A is down before a corrective 2/B wave up occurs. Aka earnings report has a negative effect on this...

yosip1115 Updated 

Just a single indicator hunch but the 5 day EMA has been proving as a strong support over the past week of rallying. I would say the bear market rally is not going to give up as easily as some are expecting it to.

yosip1115 Updated 

Current theory is that we are in the middle of a large ABC zigzag elliot formation heading down further in upcoming weeks. Was able to draw a 5 wave correction pattern within wave B a few days ago which has been playing out nicely. Still holding long positions for a few more days. If we break up above the green bull trend line then we will hit the 293 target...

yosip1115 Updated 

Please ignore cup and handle and other meaningless trendlines. For the past week of trading SPY/SPX have been bouncing off of the 5 day EMA repeatedly. SPY bedded down on top at close today (4/2/2020) after dipping down below for the day on 4/1/2020. This could be a very bullish indication.