malagutti knows as they all know that he or anyone of them could be writing what the
op wrote in opening post. They ALL qualify. Jesus H Christ, they qualify in spades. The steady stream of newbies that pours into T2W & ET guarantees the newbies will learn these same bad habits, i.e. will be dead right from the starting gate. What a fck up! Bullmarket for morticians
Soon malagutti will state to Fibo - after the trendline breaks, "Fibo I was Short all along" .... circular motion with the right hand
Sunday morning: intended action for after open - might be too late, should have done so on Friday
SPY Short when/if <= 295.72 Stop 298.95 profit target = let it rip. 1st destination if short trade proceeds in my favor? 200-day ema @
290.92
modus operandi: still throwing money at the bend in the trend, 1 losing trade recently documented here, perhaps this one too but the idea is to catch the turn in its infancy and get on the horse and ride. The early stages will be still in the bend in the trend so no force of the river can be determined - until we have a couple lower lows and lower highs and the 200-day is broken in earnest. This is the modus operandi.
Premise: BEAR market thread is the guide, still in full operation, no changes in CALL, no changes in expectations. BEAR was called as of the Jan 26th, 2018 TOP. Despite the higher marginal tops, nothing has changed for Fibo.
SHORT STANCE continues unabated.
STOP calculation ignores all earthbound stupidity formulas and goes with "mild aborning tinge of pain in the gut of Fibo = Stop location" - at this stage of the game = early, the stop never sees the terror domain. That is seen only during the 3rd of 3rd when I go full power.
Always knowing to be prepared to write a column like that of the op for if/when I fail.
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