gem-x real time e-wave opinion: e-mail me at gemdemars@aol.com
If you've been a part of my free e-mail list, you would have witnessed some wickedly accurate trading since the conspiracist mafia working at SI suspended me.
On this message board, I'm just posting weekly and longer term projections, my e-mails have real time, to the second, very accurate elliott wave intraday opinions. Many of you haven't actually seen the trading...
11:31 ET
Yesterday, reached deep into my gut and bought NVDA at the close with a stop of 59.....boy am I surprised to see at at 65 today. I thought my stop was gonna get taken out...59 was the maximum amount that it should have dropped..the unnatural wave down kept me up until 3AM, but Morgan Stanley dropped a birthday present on my lap. Up almost 10% today..
From Sunday:
>>>>>>>>>>>>.
NVDA is in it's wave 4, retracing the move from 47.80 to 72.66. The wave 2 of wave 3 on NVDA was 6 days long, and on the 7th day it reversed. The Wave 4 had it's 6th day on Friday, and retraced to around .382 of the wave 3 move from 47.80 to 72.66 (.382 is 63.15, and the low on Friday was 62.81). If 62.81 was the bottom of Wave 4 on NVDA, than Wave 5 should be .618 X Wave 1 + Wave 3 = 19.97 to around 82-85. If I were to re-enter NVDA on Monday, it would have to be a bullish day overall, with a good candlestick. I'd enter around 62-63, and place a stop a 60. Usually Wave 4's don't retrace more than .500 of Wave 3, and .500 of Wave 3 is 60.53. With a stop at 59/60, and entry of around 62/63, upside potential is 20+ points, and downside protection, is 2-3 points.
<<<<<<<<<<<<<<<<<<<<<
Result: Bought at 60.13, sold at 65.
>>>>>>>>>>>>>>>>>>>>>..
11:45ET
"$65+ is around .382/.500 retrace of the percieved C wave down from 70.75 to 59.73, gonna wait this one out until the end of the day.
Must not get to greedy on a gift from nowhere..."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
11:37AM ET:
2010 is the exact.382 retrace from the percieved wave 3 down from 2058 to 1980...
Might get aggressive if the COMP breaks 2019 (.500 retrace).
If this is wave 4, it would stop at 2010, and not exceed 2019.
If this is the case, the 5th wave down is coming, so it's better to go flat now.
Took all profits, gonna wait this out until 3:30PM..
Looks like an A-B-C upward correction intraday..
QQQ put holders at 40 are getting nervous...just about even number of calls and puts on the QQQ 40..
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>...
That moment the NASDAQ dropped from 2010 to 1977
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<,
bought a little NVDA, stop loss 62.95
Date: 1/15/2002 12:31:11 PM Pacific Standard Time
Subj: took my point on NVDA...
Date: 1/15/2002 12:46:04 PM Pacific Standard Time
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
Subj: INVN hit 37.95 intraday...another "incredibly accurate forecast"
Date: 1/18/2002 11:24:27 AM Pacific Standard Time
From yesterday 3:30PM-ish when INVN was 33.50....that that call was right on...
>>>>Better to make a decision after the bell...
The move down from 2099 to 1944 could be both a 1, 2, 3, 4, 5 or A-B-C.
It's also not good to trust 5th waves in any sequence.
Since I don't know whether this is a 1, 2, 3, 4, 5 or A-B-C, I'm gonna wait until those heavy duty tech earnings come out.
>>>>INVN is running again...if it's in it's wave 3 it could get to 37.50?<<<...I'm still not touching it...it's wicked volatile..
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Subj: Looks like a A-B-C upward..I don't trust this thing
Date: 1/17/2002 11:01:15 AM Pacific Standard Time
Subj: 1987 is .382 on the COMP...
Date: 1/17/2002 12:53:52 PM Pacific Standard Time
Better to make a decision after the bell...
The move down from 2099 to 1944 could be both a 1, 2, 3, 4, 5 or A-B-C.
It's also not good to trust 5th waves in any sequence.
Since I don't know whether this is a 1, 2, 3, 4, 5 or A-B-C, I'm gonna wait until those heavy duty tech earnings come out.
INVN is running again...if it's in it's wave 3 it could get to 37.50?...I'm still not touching it...it's wicked volatile..
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>..
RESULT: NASDAQ closed at 1986, the next day it got slaughtered..
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
Subj: 1940 to 1963 looks like Wave 2 upward..
Date: 1/18/2002 8:02:46 AM Pacific Standard Time
10:30AM-11AM: Not convincing rally, yet
NASDAQ and DOW didn't turn green either...better to wait this one out..
A clear break of 1970 or the indexes turning green are better indications..
Subj: 3:45 again..
Date: 1/18/2002 11:01:35 AM Pacific Standard Time
...Looks like a bear flag..
Subj: Another 5th wave target: .618 of wave 1
Date: 1/18/2002 11:32:02 AM Pacific Standard Time
.618 of wave 1 is 1940/1941...
But I think it's gonna be more like 1915/1918, if not 1890..
We'll see around 3:30-3:50PM...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
RESULT: From 2063, the NASDAQ dropped to 1922, 4 points from my intraday target
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
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