Puff Dragon Profile picture
30+ year Mol Biologist day job. Develop proprietary market strategy on the side. Twitter a place to post my thoughts. I am not an FA and do not give advice.
Maximuslegrand Profile picture Nifty waver Profile picture Gary Goldman Profile picture 3 subscribed
Feb 24, 2022 4 tweets 1 min read
1/ Despite this being the most "telegraphed" invasion over the last two weeks, I think market responses are different and given the last 2-3 days, I can potentially see why. The implications are global and longer term. 2/ The US response has been weak and practically non-existent. #1, this gave Putin the go-ahead having nothing to fear. #2, China is watching, I guarantee. If the US response to this is pathetic, you can bet, this gives them the go-ahead for full Taiwan and Hong Kong take over.
Feb 23, 2022 4 tweets 1 min read
2/ In Sept/Oct 2020, the market created an ABC corrective and then took off on a tear. Top of that white candle off the low is 3272. WE NEVER filled that gap. Coincidence? 3/ Still playing with numbers...but Timing analysis puts ~Mar 11 as the low, ~3274 if it plays out. In a waterfall decline, the worst comes at the end as the drop slowly accelerates. The boiling frog comes to mind.
Nov 22, 2021 7 tweets 2 min read
1/ You get the MMR (measles, mumps, rubella vaccine) at 9-15 months and a booster at 4-6 years. You know how long that lasts? Forever. Covid vaccine doesn't even last 6 months and you already need a 3rd shot as a booster. The truth is right in front of you. 2/ Other vaccines took many, many, many years of clinical trials before being approved. Covid? Less than 6 months for FDA approval. Truth is again right in front of you. There was NEVER any long term testing done and it still does not exist. The mass public is the clinical trial
Jun 8, 2021 9 tweets 3 min read
1/ Can't help to see how eerily similar the set up is. June 7-9-11 is Major window. Does the centerpoint on 9th finally break? STILL have not closed above May 10 high. 2/ I am not seeing strength here. Potential ending fractal where there is a rally in green and red corrective. However, each "break" results in a substantially weaker rally. The B wave top of each red for first 2 were both gap and crap. Out of room on the last one.
Jun 6, 2021 11 tweets 4 min read
1/ Chart study from Dragon's Den. Chart posted below on May 28 with current inset on top. So far so good. Another major time zone 6-7 to 6-9/11. Goods odds of drop to black channel ~4140 starting Monday. 2/ Lower black channel is super important so watch carefully. Break that and a slight alternate to above says we're done just in case.
May 1, 2021 23 tweets 7 min read
1/ Chart study from the Dragon's Den. Bank index first. $BKX 2/ Weekly. Major RSI spikes catch significant highs and lows leading to pauses or more likely, reversal. Large ABC pattern looks complete. B wave classic flat. Image
Mar 17, 2021 8 tweets 2 min read
1/ You don't have to trade every day to make good money. In fact, shorter term time frames can actually be more challenging because signals are influence by higher time and lower time frames. Let things line up and take the few trades that REALLY skew things in your favor. 2/ Commodities are about to hit a brick wall. Everyone says inflation. NO!! Weeklies are awesome for long term. Line up RSI and buyer/seller ADX spikes for best results. Throw in some trend lines which correlate and you have a perfect set up.
Feb 8, 2021 10 tweets 3 min read
1/ Chart Study from Dragon's Den. Been a while, but this is just a short one. Let's start with the BIG picture. Entire rally from 1932 and rally from 2009 are IDENTICAL. It's a nested pattern 2/ So if nesting, the rally from Mar 2020 low should again be like pattern from 2009. Just one degree smaller. I think it is close.
Jan 26, 2021 4 tweets 2 min read
1/ Futures down tonight. 2 things. 1) I don't like big gaps near the high. Odds favor it is recovered. 2) No break until the lower blue line breaks. As long as the gap down stays above this, watch for rally to fill gap. 2/ That said, this is the final segment in the wedge and there is likely a lot of overlap but no more than 3 clear waves. once gap fills, that may be it so a terminal end is upon us.
Aug 26, 2020 7 tweets 2 min read
1. Want to see what happens to irrational markets? In 1999-2000, the NDX went a little more than double over the span of 5 months. When it turned, 25% was lost in 7 trading days. After a strong bounce, it dropped again losing overall 35% in 3 weeks. 2. After another longer bounce and drop, the total was 40% down. It managed to recover ~62% of that in the months that followed.
Jul 17, 2020 5 tweets 1 min read
1/ Seriously. I post what I believe and I have extremely high confidence in what I see. I will emphasize - I AM NOT A DAYTRADER. I don't give a sh*t what the market has done in the last few weeks, whether I am early, blah, blah... 2/ Read my pinned post - I do not give advice and YOUR trade plan will probably not match mine.
Jun 21, 2020 10 tweets 2 min read
1/ Chart study from Dragon's Den. This is the big picture. It has absolutely NOT changed at all and my guide for next 2-3 years. Image 2/ The 3 peaks pattern is the true market nesting pattern. In the last big picture chart, we see that 2000-2009 was a giant ABC corrective. Going one step bigger, 2000 - now is also a giant ABC but we have only just begun the C.
Jun 21, 2020 15 tweets 3 min read
1/ Virus thoughts. Chart below shows tracking of positive cases. Note there is a weekly up/down cycle likely due to less testing and work done on the weekend. There is a 1-2 day lag for results to filter through so looking at this, all dips are on weekend. Image 2/ Clearly, shutdowns had the anticipated affect of "flattening the curve". However, Memorial Day was a pivot when the public basically went YOLO and you started seeing mass gatherings, many people without masks
Jun 10, 2020 4 tweets 1 min read
Euphoria in stocks is very much like peak in dot com. This is much like 100 people playing musical chairs only when the music stops, 90 of them are going to get pulled, not just 1. Uh oh.....what happened to the music?
Jun 3, 2020 5 tweets 2 min read
Converging to the end point. It's GTFO time. Image Full moon June 5th.
May 28, 2020 9 tweets 2 min read
1/ Mini Chart study from the Dragon's Den. WARNING!!! 2/ Still following the classic 3 peaks and domed house pattern. Reminder here.
Apr 17, 2020 32 tweets 8 min read
1/ Chart Study from the Dragon's Den. This will take me a little bit and I might have to finish tomorrow but let's see how far I get. I'll note when it is complete. 2/ First a little wave intro. Be aware, I think Elliott Wave is pure GARBAGE under Prechter's "theory". Most people don't use it correctly, break rules, etc to force counts. It is also not a "theory" because it is based on absolutely nothing for proof. It all based on looks.
Mar 23, 2020 7 tweets 2 min read
1/ Chart study from the Dragon's Den. If you have followed me for a while, you know I study chart patterns. Charts = price patterns = human reactions to events. I tie this to indicators and data to validate but do not show all data. My version of EW is also unique 2/ I find it interesting that 3X ETFs which amplify emotion, are showing what appear to be 5 wave patterns with 5th waves developing. A few examples...Housing Image
Mar 19, 2020 4 tweets 1 min read
1/ Market update - OK, getting a little tricky here. Will preface by saying I am in cash right now and not playing this. Pattern looks short term bullish with an up followed by abc corrective that finishes on a gap down tomorrow open. Needs an up to follow. Image 2/ Max would be 2600 if it materializes but unclear if it gets that far. Would be another of those bear market power rallies.
Mar 10, 2020 4 tweets 1 min read
Keep this model in mind. If we follow the premise that this is a C wave for the ABC that began in Jan 2018, it should mimic the C wave for the ABC from Jan 2018-Dec 2028. Suggests we are developing a tradeable low - IF 2640 holds. Image Using the above, we are then currently moving towards red dot 3 which could be higher or lower low. Another big bounce for green dot 1 and then final low at green dot 2. Again, 2640 must hold.
Mar 8, 2020 9 tweets 2 min read
Watching futures...anything can change by morning but taking that into consideration, still looks like a B, Now needs a slight modified count. Basically the same pattern though Image Slightly bigger picture Image