DerekD_

PSA - Elliot waves aren't tsunamis. Carry on. (New ATH congrats)

Long
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
So, check me out just for one quick second. Doesn't matter if you're a $TSLA bear or an $AMZN bull - we're not in a bull market anymore, be weary of that. We're not in a recession either, be mindful of that. For now, nobody's calling it a day with a 10bagger because their 129% OTM calls/puts made a killing. This applies to anyone thinking they're about to get-rich-quick off of shorting Amazon even though Bezos survived the dot com bubble - & same goes for Tesla bulls who think profitability happens overnight (in U.S or China). That being said - enough with the elliot wave/tsunami/tesla tornado pattern/up-side down reverse mirrored harmonic patterns (unless it's worked for you in the past, then by all means). Out of $DIA $SPY & $QQQ, even for those who hate FAANG, this chart isn't one to pick the short straw on. But again - enough with the mother nature, storm-of-all-storms type of elliot waves.


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