InvestorsHub Logo
Post# of 10316
Next 10
Followers 63
Posts 9850
Boards Moderated 1
Alias Born 10/02/2002

Re: NASARAVI post# 9903

Saturday, 02/12/2022 7:32:13 AM

Saturday, February 12, 2022 7:32:13 AM

Post# of 10316
Ravi, Just some rambling first. Calling an accurate bottom along with an accurate timeframe sounds like an options play, keep in mind 9 out of 10 options are losers and 9 times as many have gone broke than became wealthy. Even when you have a good idea of the bottom and timeframe, when there's real money involved it becomes more difficult and the casino has a way of relieving that cash burden.
The first chart has two parallel black lines and also two down forks that all seem to be pointing to end of Feb or a couple days into March.
Second chart from the drop in 2018 has some lines, the two purple related to the real drops are somewhat similar so far to what we are in currently.
I have the start of the complete wave pattern starting third week of Nov, but the C wave started in the first week of Jan and is more relevant as far as parallel drops of the first chart.
http://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2020-01-01&en=2022-06-30&i=p80489172538&a=350704571&r=1644665616737&r=1644666004216
http://stockcharts.com/c-sc/sc?s=SPY&p=120&st=2018-09-03&en=2019-02-01&i=p66557041278&a=1112107074&r=1644667231248&r=1644667362738&r=1644667726662&r=1644668647552

if it looks right it is right

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.