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Thread: Tsunami's Account Talk

  1. Default Re: Tsunami's Account Talk

    Very informative. Thank you for sharing the link.

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  3. #1778

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    Default Re: Tsunami's Account Talk

    Along with Dog Money https://www.youtube.com/watch?v=cbI31x3FpS0

    Lumber could be a canary in the gold mine, mistake intended.... https://www.youtube.com/watch?v=XArXQa9lOxQ

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  5. #1779

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    Default Re: Tsunami's Account Talk

    The tumble in lumber did indeed prove to be a warning for the stock market.

    In addition to Wu https://twitter.com/MasterPandaWu/with_replies
    Cem Karson has been instrumental to me in staying on the right side of things. As he's been warning for weeks, "Vanna" has just left for the beach right on cue on 5/19, so the market has lost a lot of support today.
    Looks like this current decline may stair-step down into quarter-end, which lines up with Sentient Trader's cycle projections. It's now short-the-rips time, which I've been doing in my Roth. My IWM puts are looking nice today.
    https://twitter.com/jam_croissant/st...52227282984972

    A bitcoin target of $29,000 that one of my subscription gurus has is rapidly approaching. I wonder if that will hold. Peter Eliades' price projection software says BTC could tumble clear down to $10,000. Seems like that would crash the entire crypto house of cards.
    "The stock market is like a gambling casino where the odds are rigged in favor of the players." - Oskar Morgenstern

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  7. #1780

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    Default Re: Tsunami's Account Talk

    Quote Originally Posted by Tsunami View Post
    Peter Eliades' price projection software says BTC could tumble clear down to $10,000. Seems like that would crash the entire crypto house of cards.
    And $10,000 would only be a few months worth of gains wiped out so it sounds right. Looks like BTC is sitting on a 50% fib retracement right now. 61% is around $27,000, and after that, next stop would be $10,000.

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  9. #1781

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    Default Re: Tsunami's Account Talk

    So do we run to "G" or hold ground for a few days?
    May the force be with us.

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  11. #1782

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    Default Re: Tsunami's Account Talk

    Quote Originally Posted by Bullitt View Post
    And $10,000 would only be a few months worth of gains wiped out so it sounds right. Looks like BTC is sitting on a 50% fib retracement right now. 61% is around $27,000, and after that, next stop would be $10,000.
    Sven has a target down to $21K.
    https://twitter.com/NorthmanTrader/s...483141/photo/1
    Seems to me like there's growing fear today and this move down in many markets is just getting started. The optimism that the Fed will save us from any pain may be about to be proven wrong (again), IMO.

    For small caps, about 23% down still to go?
    https://twitter.com/NorthmanTrader/s...57862628167693

    I'm quite content sitting on the lily pad for a while (late June?). Timing the bounces with the TSP's IFT rules is impossible.
    "The stock market is like a gambling casino where the odds are rigged in favor of the players." - Oskar Morgenstern


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  13. #1783

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    Default Re: Tsunami's Account Talk

    Wow, I didn't know that the S fund was pushed around so much by GME and AMC.
    https://twitter.com/Not_Jim_Cramer/s...48994985672705

    My target for my current wild ride in the C&S funds is 4328 (a Peter Eliades software projection). 100 points to go, by 6/18 I think. Could be a white knuckles ride though.

    I hope Mancini is right...this matches my target...
    https://twitter.com/AdamMancini4/sta...30649012002824

    Elliott wave gurus are pointing much higher though, after a 2nd half of June pullback.
    "The stock market is like a gambling casino where the odds are rigged in favor of the players." - Oskar Morgenstern

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  15. #1784

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    Default Re: Tsunami's Account Talk

    The 4328 projection has now been invalidated, confirming to me that an important top is in place. June OpEx week is very often where the peak is for June.
    I ended my F fund trade today, hopefully locking in a small gain.

    Master Wu has been masterful lately and I think he may have the current pattern basically right.
    https://twitter.com/MasterPandaWu/with_replies
    I had a huge pile of SPY and IWM put options that I bought yesterday then sold near the bottom this morning, I won't even say how much my Roth is up today, it's insane and nobody would believe me...
    I plan to rebuy them this afternoon on a bounce up to near 4195-4200 hopefully.
    "The stock market is like a gambling casino where the odds are rigged in favor of the players." - Oskar Morgenstern

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