18 Burst results for "Elliot Wave"
The Bitboy Crypto Podcast
"elliot wave" Discussed on The Bitboy Crypto Podcast
"Guys, this could be the start of the run. This could be the start of the upward action, the bull run. Now, it doesn't mean we're going to go high. Me and Kelly became best friends. Yeah, we're good friends. We're all friends. We had a good little heart-to-heart, talk about life and everything. But I wanted to touch on a couple of things you guys talked about, and then we'll dive into the charts. First thing I want to talk about, first thing I want to talk about, Oh, wait. Hold on. Should I show my calves? Since I'm trying to get them? Well, I've been showing mine. Oh, here he goes. I can't see it. That's too far. They're huge though, guys. They're huge. They're freaking huge. Huge. Okay. So, first things first, looking at the RSI on that same chart you had, one thing I want everybody to realize is look at how low RSI got, the weakness. Let's not call it overbought and oversold, how weak the strength was. And look at the price level. We got down and, you know, below $4,000 here. And we're hitting around the same levels of weakness, but look how much higher price action is at that same level of weakness. That, I mean, this is incredible. This is incredibly bullish in the long term. This is why it's so important to zoom out. The other thing I wanted to touch on is when you guys were talking about black swans, there's something that's very important for awareness in the space and knowledge of data sets that are available to all of us. Some people trade just on hopes and dreams. And when you do that, essentially every trade you make, you're setting up yourself to donate your money to somebody that has a better strategy. The Evergrande thing was not a black swan. It felt like it was to some people, but in reality, that was being telegraphed for the last year and a half. FTX, you knew about it then. Other people that were really looking into the data had had forewarning of it for a few weeks. So, black swans to a retail trader are different than somebody that's made a lot of money and a smart money investor because they're looking at broader data set. So, help yourself be in good position within the market by informing yourself and teaching yourself, diving into your education to understand what data sets can give you essentially a leg up, an edge on the market so you don't get caught in this, I don't know what happened, price dropped right when I bought, which all of us have felt. And typically it's because we ignored something that gave us signal to the contrary of the trade that we're making. So, on that note, let's kind of dive in over here to looking at the charts. And I want to point out something that I, about two weeks ago, I shared and everybody, you know, I see in the comments, you know, Kelly's so bearish. Back here, I was suggesting a one, two, three, four, five Elliot wave, potential top at this zone, and then an ABC correction. That's exactly what happened. Now, one of the things I want to point out here on the BitLab trading stack is that we have this trend signal line right here, which is a 50 moving average. It also has some code into it to help, help you identify immediately whether you're in a bearish or bullish setup, having this dynamic resistance or dynamic support zone. And interestingly on the weekly price came down right to this level. So currently we're kind of sitting on the edge of a shelf that could really be ultimately a little consolidation here and then absolute, you know, rocket back to the upside. But if we lose this level, it goes down to what you were just saying earlier, Tim, that we do have potential, a strong potential for lower, lower price action. Now, with this being said, we do have a bit of a bear flag, bear pennant, however you want to call this. And I do see a pretty, pretty strong indication that there is likelihood to come down here and not only tap the 25s, but based on this, essentially this order block that we have all the way from back here. And as anybody that doesn't know what an order block is, order blocks are essentially that specific price areas where large market participants, such as institutional traders have previously placed significant buy or sell orders. Clusters of orders are present in these areas. So essentially it's high interest areas for big money and a lot of other people taking trades at those zones. So I do see just from order block, it's not any other technical analysis. And by the way, there's order blocks are printed with the BitLab volume here. We can see that there's a high sort of liquidity zone down here that we may use as a spring before we do actually move to the upside. And that's all the way starts at about 23.2. So we do need to pay attention to that. Now, the last thing I wanted to point out lower, you said 23.2? Yeah. 23.2 would be on the order block here on the four hour. If we look on the daily, if we look on the daily, yeah. But 25, I mean, I could see 25 actually being the support with having like, kind of like we had these long liquidity zones where, sorry, support where price does come down to 25, having a wick that taps this area and then sort of resetting. If we get the breakdown, we very well, because we have so many things, I mean, so many different things, the long-term holders barely even moved any coins onto exchange. They're holding fast on this drop, virtually no sort of movement there. We look over here, open interest completely reset. This is bullish. It means we're kind of cleaning out some of the messiness in the market. We also see the NVT golden cross. Look at this. Each time this dips down to here, price basically stops falling and we get a little bit of a correction. In this case, this is FTX. This is when we found the floor and then it ultimately moved up out of. Correction here, NVT came down here, moonshot. Correction here, NVT came way down here. This was a black rock move. This is somewhat forecasted the major news events that have propelled the price higher. So there's a lot of different data that's available if we look to it. And the last thing I want to show here is total market cap, excluding Bitcoin. Everything's still holding on to a bullish narrative here in terms of this massive downtrend resistance, the Ethereum and all alts. Yes, we are pushing down lower here, but we're still sitting on top of this ultimate sort of support zone. The close closed above it. So this is good. Now, if anybody's interested in how the hell you figure out what data to look at, come check out bitlabacademy.com. We got all the courses for you right here teaching you how to break down the different data sets and everything. So come get involved. We got a lot of stuff coming out with the new BitLab trading stack overhauled. I'm going to be releasing a really big information and updates and discounts on that. So check it out. But that's all I got. Everybody, be patient. Head yourself. Don't wreck yourself.
The Bitboy Crypto Podcast
A highlight from Bitcoin Will Drop To This Level
"Guys, this could be the start of the run. This could be the start of the upward action, the bull run. Now, it doesn't mean we're going to go high. Me and Kelly became best friends. Yeah, we're good friends. We're all friends. We had a good little heart -to -heart, talk about life and everything. But I wanted to touch on a couple of things you guys talked about, and then we'll dive into the charts. First thing I want to talk about, first thing I want to talk about, Oh, wait. Hold on. Should I show my calves? Since I'm trying to get them? Well, I've been showing mine. Oh, here he goes. I can't see it. That's too far. They're huge though, guys. They're huge. They're freaking huge. Huge. Okay. So, first things first, looking at the RSI on that same chart you had, one thing I want everybody to realize is look at how low RSI got, the weakness. Let's not call it overbought and oversold, how weak the strength was. And look at the price level. We got down and, you know, below $4 ,000 here. And we're hitting around the same levels of weakness, but look how much higher price action is at that same level of weakness. That, I mean, this is incredible. This is incredibly bullish in the long term. This is why it's so important to zoom out. The other thing I wanted to touch on is when you guys were talking about black swans, there's something that's very important for awareness in the space and knowledge of data sets that are available to all of us. Some people trade just on hopes and dreams. And when you do that, essentially every trade you make, you're setting up yourself to donate your money to somebody that has a better strategy. The Evergrande thing was not a black swan. It felt like it was to some people, but in reality, that was being telegraphed for the last year and a half. FTX, you knew about it then. Other people that were really looking into the data had had forewarning of it for a few weeks. So, black swans to a retail trader are different than somebody that's made a lot of money and a smart money investor because they're looking at broader data set. So, help yourself be in good position within the market by informing yourself and teaching yourself, diving into your education to understand what data sets can give you essentially a leg up, an edge on the market so you don't get caught in this, I don't know what happened, price dropped right when I bought, which all of us have felt. And typically it's because we ignored something that gave us signal to the contrary of the trade that we're making. So, on that note, let's kind of dive in over here to looking at the charts. And I want to point out something that I, about two weeks ago, I shared and everybody, you know, I see in the comments, you know, Kelly's so bearish. Back here, I was suggesting a one, two, three, four, five Elliot wave, potential top at this zone, and then an ABC correction. That's exactly what happened. Now, one of the things I want to point out here on the BitLab trading stack is that we have this trend signal line right here, which is a 50 moving average. It also has some code into it to help, help you identify immediately whether you're in a bearish or bullish setup, having this dynamic resistance or dynamic support zone. And interestingly on the weekly price came down right to this level. So currently we're kind of sitting on the edge of a shelf that could really be ultimately a little consolidation here and then absolute, you know, rocket back to the upside. But if we lose this level, it goes down to what you were just saying earlier, Tim, that we do have potential, a strong potential for lower, lower price action. Now, with this being said, we do have a bit of a bear flag, bear pennant, however you want to call this. And I do see a pretty, pretty strong indication that there is likelihood to come down here and not only tap the 25s, but based on this, essentially this order block that we have all the way from back here. And as anybody that doesn't know what an order block is, order blocks are essentially that specific price areas where large market participants, such as institutional traders have previously placed significant buy or sell orders. Clusters of orders are present in these areas. So essentially it's high interest areas for big money and a lot of other people taking trades at those zones. So I do see just from order block, it's not any other technical analysis. And by the way, there's order blocks are printed with the BitLab volume here. We can see that there's a high sort of liquidity zone down here that we may use as a spring before we do actually move to the upside. And that's all the way starts at about 23 .2. So we do need to pay attention to that. Now, the last thing I wanted to point out lower, you said 23 .2? Yeah. 23 .2 would be on the order block here on the four hour. If we look on the daily, if we look on the daily, yeah. But 25, I mean, I could see 25 actually being the support with having like, kind of like we had these long liquidity zones where, sorry, support where price does come down to 25, having a wick that taps this area and then sort of resetting. If we get the breakdown, we very well, because we have so many things, I mean, so many different things, the long -term holders barely even moved any coins onto exchange. They're holding fast on this drop, virtually no sort of movement there. We look over here, open interest completely reset. This is bullish. It means we're kind of cleaning out some of the messiness in the market. We also see the NVT golden cross. Look at this. Each time this dips down to here, price basically stops falling and we get a little bit of a correction. In this case, this is FTX. This is when we found the floor and then it ultimately moved up out of. Correction here, NVT came down here, moonshot. Correction here, NVT came way down here. This was a black rock move. This is somewhat forecasted the major news events that have propelled the price higher. So there's a lot of different data that's available if we look to it. And the last thing I want to show here is total market cap, excluding Bitcoin. Everything's still holding on to a bullish narrative here in terms of this massive downtrend resistance, the Ethereum and all alts. Yes, we are pushing down lower here, but we're still sitting on top of this ultimate sort of support zone. The close closed above it. So this is good. Now, if anybody's interested in how the hell you figure out what data to look at, come check out bitlabacademy .com. We got all the courses for you right here teaching you how to break down the different data sets and everything. So come get involved. We got a lot of stuff coming out with the new BitLab trading stack overhauled. I'm going to be releasing a really big information and updates and discounts on that. So check it out. But that's all I got. Everybody, be patient. Head yourself. Don't wreck yourself.
The Bitboy Crypto Podcast
"elliot wave" Discussed on The Bitboy Crypto Podcast
"Yeah. It is official, just like in every prior crypto cycle, Bitcoin dropped its BMSBE in August, September of the preeminent year. Coincided to a drop in the SPX down almost 5 percent. Many on here try to overcomplicate things for years, having to get both bulls and bears wrecked. I mean, I agree with that. It's true. That's that's that's been hard to trade, accumulation zone. Yeah. Right. Chop is what we call it. So it's falling behind below this this number here. Now, this is against the dollar, actually. So this is not the same one I saw. Somebody else had another chart that was like actually a support line and showing that we go way below it on the weekly. But you're not seeing that. You're not seeing that. Perfect. Okay. That's good. So here we go. All right. We're on Kelly. Yeah. Okay. All right. What's up? Me and Kelly are best friends now, by the way, guys. Me and Kelly became best friends. Yeah, we're good friends. We had a good little heart to heart about life and everything. But I wanted to touch on a couple of things you guys talked about. And then we'll dive into the charts. First things out. First thing I want to talk about. First thing I want to talk about. Oh, wait, hold on. Should I show my calves? Since I'm. Well, I've been showing mine. Oh, here he goes. I can't see it. That's too huge, though. Guys are huge. They're freaking huge. Huge. Okay. So first things first, looking at the RSI on that same chart you had. One thing I want everybody to realize is look at how low RSI got, the weakness. Let's not call it overbought and oversold. How weak the strength was. And look at the price level. We got down below 4,000 here. And we're hitting around the same levels of weakness. But look how much higher price action is at that same level of weakness. I mean, this is incredible. This is incredibly bullish in the long term. This is why it's so important to zoom out. The other thing I wanted to touch on is when you guys were talking about black swans, there's something that's very important for awareness in the space and knowledge of data sets that are available to all of us. Some people trade just on hopes and dreams. And when you do that, essentially every trade you make, you're setting up yourself to donate your money to somebody that has a better strategy. The Evergrande thing was not a black swan. It felt like it was to some people. But in reality, that was being telegraphed for the last year and a half. FTX, you knew about it, Ben. Other people that were really looking into the data had had forewarning of it for a few weeks. So black swans to a retail trader are different than somebody that's made a lot of money and a smart money investor because they're looking at broader data sets. So help yourself be in good position within the market by informing yourself and teaching yourself, diving into your education to understand what data sets can give you essentially a leg up, an edge on the market so you don't get caught in this. I don't know what happened. Price dropped right when I bought, which all of us have felt. And typically it's because we ignored something that gave us signal to the contrary of the trade that we're making. So on that note, let's kind of dive in over here to looking at the charts. And I want to point out something that I about two weeks ago, I shared and everybody, you know, I see in the comments, you know, Kelly's so bearish back here. I was suggesting a one, two, three, four, five Elliot wave, potential top at this zone and then an ABC correction. That's exactly what happened. Now, one of the things I want to point out here on the BitLab trading stack is that we have this trend signal line right here, which is a 50 moving average. It also has some code into it to help help you identify immediately whether you're in a bearish or bullish set of having this dynamic resistance or dynamic support zone. And interestingly on the weekly price came down right to this level. So currently we're kind of sitting on the edge of a shelf that could really be ultimately a little consolidation here and then absolute, you know, rocket back to the upside. But if we lose this level, it goes down to what you were just saying earlier, Tim, that we do have potential, a strong potential for lower, lower price action. Now, with this being said, we do have a bit of a bear flag, bear pennant, however you want to call this. And I do see a pretty, pretty strong indication that there is likelihood to come down here and not only tap the 25s, but based on this, essentially this order block that we have all the way from back here. And as anybody that doesn't know what an order block is, order blocks are essentially that specific price areas where large market participants such as institutional traders have previously placed significant buy or sell orders. Clusters of orders are present in these areas. So essentially it's high interest areas for big money and a lot of other people taking trades at those zones. So I do see just from order block, it's not any other technical analysis. And by the way, there's order blocks are printed with the bit lab volume here. We can see that there's a high sort of liquidity zone down here that we may use as a spring before we do actually move to the upside. And that's all the way, starts at about 23.2. So we do need to pay attention to that. Now, the last thing I wanted to point out is that 23.2? Yeah, 23.2 would be on the order block here on the four hour. If we look on the daily, yeah, but 25, I mean, I could see 25 actually being the support with having like kind of like we had these long liquidity zones where, sorry, support where if price does come down to 25, having a wick that taps this area and then sort of resetting. If we get the breakdown, we very well, because we have so many things, I mean, so many different things, the long-term holders barely even moved any coins onto exchange. They're holding fast. On this drop, virtually no sort of movement there. We look over here, open interest completely reset. This is bullish. It means we're kind of cleaning out some of the messiness in the market. We also see the NVT Golden Cross. Look at this. Each time this dips down to here, price basically stops falling and we get a little bit of a correction. In this case, this is FTX. This is when we found the floor and then it ultimately moved up out of correction here. NVT came down here, moonshot. Correction here, NVT came way down here. This was a BlackRock move. This is somewhat forecasted the major news events that have propelled the price higher. So there's a lot of different data that's available if we look to it. And the last thing I want to show here is total market cap, excluding Bitcoin. Everything's still holding on to a bullish narrative here in terms of this massive downtrend resistance. Ethereum and all alts, yes, we are pushing down lower here. But we're still sitting on top of this ultimate sort of support zone. If we lose this global thing, this could get very away. The close closed above it. So this is good. Now, if anybody's interested in how the hell you figure out what data to look at, come check out bitlabacademy.com. We got all the courses for you right here teaching you how to break down the different data sets and everything. So come get involved. We got a lot of stuff coming out with the new BitLab Trading Stack overhauled. I'm going to be releasing a really big information and updates and discounts on that this week. So check it out. But that's all I got. Everybody be patient, hedge yourself, don't wreck yourself.
The Bitboy Crypto Podcast
"elliot wave" Discussed on The Bitboy Crypto Podcast
"But is it boring? I don't think it is. I think if we only want it to go up and we have that directional bias, then it's boring. If you have a strategy in place, there's nothing boring about this because all it's doing is providing you opportunity. Let's go ahead and dive in and talk a little bit about that. So first search, we got to look at this. No matter what, price go up, price go down, price go sideways. Let's talk about where we're at within the halving. These are the three different phases post halving. We have the bull run, of course. Everybody wants all the time, but we can see where that really happens. It's post halving. Pre halving, we got a little bit of a pre bull push up, sell off, consolidation, push up, sell off into the halving. 2019, we had a large push up, quite a bit before the halving and a large sell off, coupled with that global economic shutdown, post halving, strong parabolic push to the upside. Then the bear market, we are in that pre bull phase, which is that area of time leading up into the halving. I just want to, before we dive into a smaller timeframe, technical analysis and where we think price is going today, which is what everybody wants to know, let's always remember to zoom out and look at where we're at in the market cycle so that we can dominate this market and not be dominated by the market. So I heard you say you want to see some H-bar, I'll do that next, but first things first, looking here, I just want to identify, I talked about this last week, this Elliot wave theory where we have this initial impulse, sell off, secondary impulse, sell off, and tertiary impulse, which is you get the five waves, which is what you see in Elliot wave theory, followed by essentially calling this a potential, potential, doesn't have to be, local top with the sell off ABC correction. Is this still in play? Well, I don't know. I feel like there's a potentiality for the bulls, that this could be something that's a little bit, because if we see the indicator I have on the bottom of the screen, this is the hash cycles, hash ribbons. And I marked this out on my stream this morning on BitLab Academy. But if we go ahead and just move our mouse right here and we do option V, option V, option V, where all these buy signals are, I'm showing these down here, we can see these, this sort of flipping of the hash ribbons has corresponded large in part with strong follow through of bullish price action. And I think it was like nine or 10 out of 11 of these signals have had strong bullish follow through. And we can see one of the only times it didn't was this one right here towards the middle end of the last bear cycle. We got the buy signal, but we still have further to go to the downside. In this case, first half of the year, we've had a pretty strong bullish impulse. The question everybody has is, are we still going to get this sort of sell off? Well, considering that we have all these different factors, crypto adoption with payment implementation, when is that integration of payments going to be integrated into X? Who knows? But sometime in the near future, crypto ETF approvals, when are those going to happen? I don't know. We just got the delay of the ARK Invest, but we do have Bitwise and BlackRock coming up. Will we get a surprise and get some approvals before this time that everybody believes, which will be at the end of the year or January or February? Maybe something happens where we get sort of a week of a bunch of approvals coming through. Who knows? But looking at the actual price action coming down to the four hour double click here, we can see that we have a small breakout on the smaller timeframe of this sort of small, very short window of downward price action. We have sort of broken out of this. We have a bit of a momentum coming to the upside. We have the stochastics angled up on the BitLab trend fuel down here.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"elliot wave" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"SEC, should recuse himself from voting on future crypto enforcement cases, against their recently made claims that all crypto assets besides Bitcoin are securities, where promoters trying to bypass U.S. regulators and investors expecting profits. Now, the lawyer sites that the case versus antonion versus SEC is arguing for against those future recusals, crypto lawyer PSA, chairman gensler, has again proclaimed that every crypto accept BTC is an unregistered security. He now must rescue himself from voting on any enforcement case that raises that issue since he has a pre judge outcome. Now, in the case, the U.S. Court of Appeals for the 8th circuit found the principles of due process to apply to administrative adjudications, a fair trial and a fair tribunal is a basic requirement for due process, fairness, of course, requires an absence of actual bias in the trial of cases not only in a fair proceeding to be required, but also justice must satisfy the appearance of justice. Now the SEC launched this lawsuit against ripple back in December of 2020, almost three years ago, a legend in San Francisco payments company sold XRP in the beginning as an unregistered security for years, the case remains in federal court, and its outcome could have a significant impact on the future of the crypto sector, especially in the U.S. last month, ripple CEO Brad garlinghouse said in agreement with the SEC was not on the table how do you think this is likely to play out? And do you think that gensler can get banned from this case and remove from his position as the head of the SEC due to the obvious him being biased on this judgment? Let me know your thoughts in the comments right down below. And with that being shared, now let's dive into this crash warning from top analysts and then we'll dive into a bullish $200,000 Bitcoin price prediction. Here we go. Crypto trader who actually called the 2018 Bitcoin bottom expects Bitcoin asset to fall in the near term synonymous analyst smart contractor tells us 200,000 Twitter followers, Bitcoin can drop to a lower high amid waning momentum, quitting him here, momentum waning and distribution probably underway on BTC, expecting a slow choppy grind up to the 24,000 mark, and ultimately another lower high, go touch some grass. Don't fall into the trap of long in every hourly reversal candle expecting a big move and based on his chart, which you can see here by the crypto analyst. He believes Bitcoin can drop just above 20,000 after completing a three wave cracked of pattern that began late last month. This is according to Elliot wave theory, the main trend of an asset's price moves in a 5 wave pattern while the correction occurs in a three wave pattern as outline right here. Now check it smart contractors also expressing their sentiment
Markets Daily Crypto Roundup
"elliot wave" Discussed on Markets Daily Crypto Roundup
"Bitcoin, ether, and most top traded tokens are slightly higher in markets trading mixed, but showing more gains than losses. Yesterday, the largest cryptocurrency by market capitalization dropped near $23,600 per token in the immediate aftermath of the latest report out of the U.S. Central Bank, which I had forgotten what's going to happen this week. That report noted slowing growth, which would normally be seen as bad news, but in our modern world of manipulated monitoring madness, it was seen by some as a boon for investors hoping for a faster return to a more supportive Federal Reserve monetary policy. That was the so called good news. While the bad news came in the form of more data suggesting that historically high levels of inflation, and the prospects of a harsh recession remain real, quote, everyone's wary of what's to come over the course of this year, Jake Boyle, chief commercial officer of crypto brokerage, Caleb and brown, told coindesk TV, continuing at this point, it looks like the stance has become more conservative on the basis that 25 basis points is less impactful than 50. But it's critical that we all remember that it's still going up, which means the solution is clearly not there. End quote, what all that means, of course, is that although the rate at which the U.S. Central Bank is raising the interest rate has slowed, it is still raising the interest rate, and it doesn't look like it's anywhere near done yet. He continued, paired with the regulatory uncertainty that the crypto space is seeming to have these days, it would be fair for us to make the assumption that there is going to be further volatility and unexpected announcements over the course of the year. And in that, peace likely not wrong. U.S. securities regulators in particular appear to be set on making 2023 of the year where they create no new rules, but seek to expand their existing authority to cover really almost anything in the world of crypto. We'll have just the latest examples of that in the headlines later. But I digress. Bitcoin's resurgence this year has convinced many analysts that the crypto bear market has ended, and the path of least resistance is to the higher side. But not everyone agrees with that. Longtime market observers at QCP capital suggest otherwise. According to the Singapore based crypto options trading giant, Bitcoin's 47% year to date rally looks like a so called bear breather within the broader slide that began in November of 2021, and the final leg of the bear market could soon resume. The analysis is based on Elliot wave theory introduced by Ralph Nelson Elliott back in 1938 in his book the wave principle. The theory assumes that asset price movements can be predicted by observing and identifying or repetitive wave pattern. Elliot found that market trends tend to unfold in 5 waves, in which waves won three and 5 R impulse waves representing the primary trend while waves two and four are retrace waves, representing a temporary breather to the preceding impulse waves. In QCP analysis, Bitcoin slide from November 2020 ones record high of $69,000 to the January 2022 low of 39,000 represents wave one, and the subsequent bounce up to 48,000 through March of 2022 represents wave two. A bear breather or temporary partial retrace of the preceding slide. The crash from 48,000 to the November 2022 lows of $15,480 per Bitcoin represents wave three, and our recent bounce so far this year constitutes wave four, a bear market breather, similar to wave two. Next up would be wave 5, which in QCP analysis could push the cryptocurrency down to the wave three low of $15,480 per token, if not deeper. But that's enough about that. Ether meanwhile is also trading up slightly this morning. Coin desk markets analyst Glenn Williams is noted that Bitcoin and ether have diverged on a different front with investors sending Bitcoin to exchanges and removing ether from them. The moves have signaled some bearish sentiment for Bitcoin and bullishness for ether. By departure from their usual correlation. And zooming out just a bit, other major cryptos were mixed this morning with Celsius native token, to his biggest loser, down more than 10%, while tokens from the polymath, neo and auger ecosystems are each down around 5%. Today's winners include tokens from the optimism, amp, urine finance, and engine ecosystems, which each are showing 15% or more gains on the day. Today's crypto coverage comes courtesy of coincidence markets analysts, James Rubin, I'm congratulating Sharia mala. Bitcoin is currently trading at $24,030 per token. That's essentially flat from yesterday up just 20 bucks per Bitcoin. While ether is trading at $1657 per eth. That's up one and a half percent at the same time period, according to the coin desk market index. And speaking of the coindesk market index, we're looking at an absolute reading this morning almost identical to yesterday, 1140, compared against yesterday's reading of 1134, which represents a little bit more than half a percentage gain across top traded tokens on the day. Now before we get to today's traditional markets update, let's take a quick look at some top headlines. First up, as promised during today's markets update, here's what looks like the latest example of regulators whose mission is supposedly to protect investors seeming to do the opposite. In a way that coincidentally maximizes their power reach and importance. A deal valued at more than a $1 billion by U.S. regulated exchange binance U.S. to purchase assets of defunct crypto lender Voyager has been opposed by New York and federal finance regulators, who said in a February 22nd filing that it could prove discriminatory and unlawful. What's more, the SEC says, elements of the proposed deal may also infringe the law given how the plan intends to repay voyagers former customers. Under the deal, quote, the transaction in crypto assets necessary to effectuate the rebalancing, the redistribution of such asset to account holders may violate the prohibition in section 5 of the securities act of 1933 against the unregistered offer sale or delivery after sale of securities. The filing by the Securities and Exchange Commission said, citing in particular the Voyager digital token issued by the Voyager company. It's a long way of saying that bankrupt Voyager, its creditors, interested buyers, and the legal system have come up with a way to lessen the damage and move towards making customers whose trust was betrayed, mostly whole. Within a U.S. regulated exchange entity in good standing. Except that the SEC and other U.S. regulators would prefer it didn't happen. They apparently don't want it to happen because they now claim, after the entity went broke and has made its way through a complex bankruptcy that one of the tokens involved is a security, or maybe a security. And because of that, can't be transferred without an explicit exemption from the regulators, and even then the only people who would be allowed to hold that token would be accredited investors, who, after initially receiving the securitized token, would not be allowed to transfer it except to another accredited investor, and even then, not until after a year has passed. You may be asking yourself, what does this actually have to do with the Voyager bankruptcy resolution? Well, not much, except that it'll make it worse, harder to accomplish and potentially kill the deal altogether for what appears to be a feather in the U.S. regulators cap. Unfortunately, this is becoming par for the course, quote, it is the debtors burden to present credible evidence that the provisions of the plan are feasible and not in violation of applicable law. The SEC said. Coin desk Jack schlier has more on this one. In related news, the everything is a security obsession continues with the latest lawsuit filed by the office of the New York State attorney general against crypto exchange coin X that happened yesterday, arguing that it is actually an unregistered securities broker, and commodity broker dealer under state law. New York State's top attorney alleges that koinex did not register as an exchange with the U.S. Securities and Exchange Commission or SEC, did not register as a broker dealer with the commodity future trading commission, or with New York regulators, prior to offering services in the state, the complaint said. And despite that, the company said it was an exchange on its website and offered services similar to those with national security exchanges or other similar
WGR 550 Sports Radio
"elliot wave" Discussed on WGR 550 Sports Radio
"Welcome back into the three winners, starting at Radio Show in a week to college football. Week one in the NFL. Damone Roberts. Paul Norman with you the number 8883663733 glad you're in 8883663 is the number Three for free today in college three for free tomorrow in pro Jimmy tags under the radar game, that is a special bonus game that you have to be a part of Philly and Atlanta. Atlanta 3.5 point favorite Your over under 48 a half in that game one o'clock tomorrow. Paul Norman, I don't know There's anybody better in the NFL than you and your team and your brother in college football. You in the NFL put you up against anybody. And I'm not just saying that. Ah. I mean, this is a week one. We say it all the time. If you're going to get involved, do it in week one. Don't wait till week five or weeks, six. Do it now, Especially. We're going to give a 30 Day account number for free today. That means they can play four weeks of your NFL absolutely free And that's the reason we're doing is because how many times we said it like guys will call, So we five or six? Yeah, I tried to do it on my own. But You know, I was willy nilly. And you know when I was up by doubled up when I was down, I you know, I I You know, I didn't play as much as I should. In the next game. Just born one and I'm down money. That's great. You know Lebanon here that unbelievable. It's amazing people out there thinking, Yeah, I've done that. It's look the businesses, this is a beatable market. You know, I have people, you know, Say to me, how could you possibly commanded? Compare this to any other financial market, And the reason we can compare to any of the financial market is because it is the odd the line on a game is the price of the stock. It's like anything else. There is ways to track Elliot Wave theory in this thing you can you should Banacci extensions in the same here, people Out there, you know in the financial world, saying you can't compare the two, but you can and and it's frustrating to me because they just only know that they only know their world. So you know, I'm not going to get into the arguments all the time over it. But there really is a way to beat this market. If you have the right staff, the right team and the right approach and it comes out the money match. But it comes down to play a greater comes out to understanding. Every team comes out to understanding, you know, be into like Yes, Situational analysis where you'll see a team that a team that won two games in a row at home. Beat the spread twice goes across country, and they're playing a team that lost two in a row. It's a perfect example of overvalue on the value first market and you find incredible values playing a dog in that game at home, so I looked as I I just want you to know there's a million of those trends and stats and his ways to beat this business. But you've got to be consistent time is on our side. And if you play us for 30 days for free, you'll see that we're going to beat the number. That's the God's honest truth. I'm sorry. No, no. Yeah, Absolutely. That's that's why I wanted to bring it to you. You're absolutely right. But I wanted to get to this Pittsburgh Buffalo before we run out of time in this segment, Buffalo 6.5 Point favorite over under 48 1 o'clock. I think back to that game last year when the Steelers really needed a win last December. What a buffalo do Everybody thought this game the Pittsburgh would go in and win that game. Buffalo 26 15 loss on him. 35 almost 35 a half minutes for time of possession for the Bills offense. So what does that tell me? Pittsburgh has got to be able to run the ball. Time of possession will be key in this game. This is a Buffalo team obviously favored to win the FC East. They have now posted wins over Pittsburgh and each of the last two seasons. What do you see here in this game? Paul Nolan talked about having to run the ball. I mean, Devin Busch, you know, and then Najee Harris. I mean, this is going to take a lot of pressure off a big old Ben and look, Ben's obviously in better shape this year. There has been a long time what we said last year going into the season, his accuracy had been in question He had missed so many open guys to previous two seasons. Constantly hurt. He looked like more like a guy who was, you know, you know, coming in second place in your bowling league for a while, you know, wins every beer trinket and buffalo wing eating contest, but he looks definitely more healthy. But let's look strong. It looks more physically fit. I'm sure the T V 12 method has helped him a little bit, You know, but the end of the day. I mean, this is a This is a team that rebuilt its entire offensive line villain, a waiver gone. Uh, pal, she gone to Castro going filer gone. I mean, this is a they re built an entire offensive line, and they talk about getting way more vertical 13 14 mile an hour winds to me. It's It's just It's kind of strange that this game came in, You know, you know, last year, 41 points when and honestly, it was more of a slog game as well. It should follow. It should have been coming in around 34 35 points, you know, so I look at that offensive line being rebuilt, and I think to myself that that's the perfect recipe for keeping Ben In Czech down mode. I don't know how much Najee Harris is going to get. As obviously a rookie. I think they're going to have to probably limit his his, um what he's going to do I I wonder if that offensive line being rebuilt. Keeps Ben in just that in, check down mode and not getting vertical down the field. Yeah, well, that's why I like this shocking to me to him Talk along those lines and meanwhile, you know, Alan just keeps getting better, And that offensive line is outstanding. Williams Morris. Feliciano looks like he's about to break out your Dawkins. I I just I like this team in general. I think this team has done a great job rebuilding itself, not just through like slightly through the jet but through free agency. This bill's team is impressive. If you want this free pick, I guarantee it to win. Give us a call. Right now. Those of you interested the numbers Pittsburgh 10 and three at zeroed underdogs since 2000 and 17 Alright, it's the three winners. Dot net radio show. We've got more games to break down Triple 83663 is.
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"As of, you know, mid February short term the markets Look, look look like they want to go higher from here. Lot. We are seeing some signals. They're awesome institutions that are beginning to dump stock. But there are plenty that when this when the selloffs to occur there being Purchased on the dips, so there's a big buying the dip buying still occurring, so there's a big tug of war. I mean, the markets are our extended here. They are historically very rich. Um so, but short term out. Technicals are pointing to higher stock prices for the near term. But that could all change overnight again are our gym, if a, which is a proprietary algorithm? It's very, very accurate in forecasting which way the dominant money flows are, whether they're incoming or not flowing. Got it now. I was looking at the investor sentiment survey. And it looks like a bullish sentiment jumped up this week and bear sentiment. Got got reduced. So looks like Peeler becoming more optimistic about the stock that exactly this week. It's almost with 2 to 1 ratio. Typically, when you hit a 2 to 1 ratio, a short term top is near. When you when we hit off 321 raised here when there's three bowls every bear, then significant, declined to Billy Crystal. We're not there yet. But if this bullishness continues over the next 1 to 2 to three weeks. We can look for a sizable pull back in the markets. But as of right now, things did. Things looked positive for the upside, right. Okay, So you subscribe to the theory that things come in waves, right? You have run ups and you have run downs, OK, And so, do you see that this run up? You know, it's hard to predict when it's gonna end. But it will end at some point is that is that fair to say everything comes to an end. There was a way to count principle. It's called the Elliot Wave. It's It was invented. I believe in the 19 twenties. Um Hi, Mr Elliot and it Zafira Way theory, meaning that there's five waves and to every cycle you have the initial wave where there's a lot of doubt that the rallies even beginning then you have a corrective wave to then you have another thrust high. We just wait three. Where a lot of people get on board. Then you have another pullback way for and then you have five. Wait, wait five, which is When things get silly when everybody comes into the market, And as we saw over the last couple of weeks we had the game stopped fiasco. I was reading an article I believe on Yahoo business where I believe this city 30% of the U. S population during that game Stop fiasco with AMC Stock and BlackBerry stock that Almost 30% of the American adult population traded one of those vehicles during that time period. Have. That is that is That that's scary. That's scary, because it shows you that everybody is in and when everybody's into the market, just like we saw in 1999, the rug gets pulled out, and when it happens, it is catastrophic. It is vicious and it is quick. Where people just don't have time to get out. And another thing that everybody should watches when the volatility picks up when you have these massive swings that the upside downside intraday That's when you know that typically occurs at the top because When the market is going to collapse. It's going to take both the Bulls and the Bears. It's gonna It's gonna run higher and then those that Embarrassed You're going to throw in the town. Then all the sudden it's gonna correct And those that are bullshit, like Oh, This is it. This is this is this is so here's the Big one. And they're gonna start shorting the whole rip high. I'll take them out and this vicious volatility when that begins to bask in the form of top, And then there will be an inflection point where the rug gets pulled out. And you know you will see the doubt collapse. 567 8000 points in a matter of days on will be scary, but with with every scary event, there's always opportunity. Right. So your email subscribers they're gonna be getting The notice. When you see the technicals indicate that we're at the top, and we're about to go down, you'll be emailing all your subscribers now's the time to get more cautious or even right. Absolutely so if you want to get these signals For three weeks and no cost text the word Spartan 2474747, or if you want to speak to us. Does tactical management fit into your portfolio? Remember, it's there is risk you could lose money. Just like you can investing in the regular stock market. It's a different kind of risk, and sometimes the market goes down and this can make money. And sometimes the mark goes up on this won't make money or even lose, so it depends on The accuracy of the trades, But we have a pretty good track record. So if anyone wants to figure out maybe diversify your portfolio instead of having all buy and hold what if the market crashes? Is there at least a chance, and some of your portfolio is actually making money. During that time calls it 866 wealthy calls it 866. Well, they talk to us a little bit about your situation. It could be a five minute call. We could sort of figure out what you're doing. And if it's even worth having discussion about whether this strategy would make sense for you and benefit you, So, uh Obviously, the best way to see is get three weeks of the signals and the analysis and you'll see Is this something that makes sense doesn't resonate with you. And is it something that could help you have better performance in your portfolio? So again, if you want to reach us question us about this or any other strategy calls it 866 wealthy. That's 866 wealthy. Thank you for joining us. Thanks again for inside all.
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"You need to reach you soon calls that 866 wealthy where you can visit us on our website. It's singer well dot com or see us in person at one of our officers are meeting locations in Miami and amateur for lottery elbow, Crotone, West Palm Beach and Jupiter. So we have our trader from New York. P George. Accomplice. Are you Pete? I'm doing wonderful, Keith. How are you? Great, Thank God. So let me give a little background. Pete is a trader and he has subscribers to a daily update that he provides. Some people are paying, I guess about 1000 a month. For your daily update and you tell them in the short term, meaning the next day or a few days or a week. What you expect the market to do whether it's going to go up or go down and then you also give recommendations about how to capitalize on that, right. So is that accurate? Very accurate. All right, So they say that most people lose money when they try to trade. How would you respond to that? That's 100% true. If you if you Google what percentage of traders lose money in the market over or a one year period Depending on the study, roughly 93 to 95%. Of active traders lose money. By the end of the year about 3 to 4%. Break even You have want under 1% that actually make money during the year. So if if you're actively getting in and out of the market Theology stacked against you that that you're going to be successful. So why are you trading them? Why my trading because we have been trading for well over 35 years, and the key to trading successfully is to do exactly the opposite of what the masses are doing. Cashed up. If you think about it, 95% of traders of are losing money. All you have to figure out is what they're doing and do the opposite. And if you do the opposite you have have you 5% chance of making money. Okay, so that makes sense. That's logical. So what are some of the tools that you can use to determine what the 95% of the traders are doing? The two tools that we use that that are out of the most valuable tools out. There are number one investment sentiment. So, um, again, 95% of the traders whose money figure figure out what they're doing, go against them and you'll be successful. So we look at investor sentiment so When investors were excessively bullish, well short the market when they're excessively barrish look along the market, but you know it does take. It does take weeks, if not months for them to get to those extremes on another very, very valuable tool that we use is we have a, uh Proprietary algorithm. It's called the G M F a, the gamma money flow algorithm, and what that does is that it takes end of day tick data it analyzed, it puts into a formula. The volume of optics and down ticks in the indexes and a select group of stocks. And it puts out a number between zero and 500 on zero, minus 500. And it's able to determine whether institutional money is flowing into the market or whether it's flowing out of the market. Now this tool is very, very valuable whenever On indexes rallying to an all time high or were around to a multi week high. And then we begin to have that versions is inside this GMS a meaning that the stock market's hitting is sitting in your high but the main phase printing and negative value. That means that institutional money is coming out of the market and the market typically, firstly, always corrects whenever this divergence occurs. Dad. So we utilize Pete Signal's gonna manage account of Charles Schwab that we manage her clients and in 2019. Think Pete was up over 100% using this method. We started using it in September of 2019, and our accounts were up 31.62% for the last four months of the year. Versus the SNP was only up 11 during that time and in 2019 I mean in 2020, rather theater count was a 19%. The S and P was up 18%. So we didn't really beat the SNP by that much. But I can tell you that anyone who invested in the S and P 500 had the watch their account. Go down over 20% 30% at some point and then come back, finally make a profit. So with this manage the count, we never endured that kind of loss because we were actually in cash. And actually, short part of the time that the market is going down. So you were able to achieve the same result as the S and P in 2020 without the extreme whipsaw volatility, So that was really good, Pete and then the first month in January The strategy was up 5.75 when the S and P was was down 1%, So we had a first good month. Anyone who wants to get the daily updates, by the way, simply text the word Spartan 2474747 text the word Spartan 2474747, and we'll get you the daily updates. Now things could change quickly right now. I guess it looks like the markets. Are starting on February. Very strong doing very well this month. What is the short term forecast? You see that continuing or do you see the markets pulling back here? As of, you know, mid February short term the markets Look, look look like they want to go higher from here. What we are seeing some signals. They're awesome institutions that are beginning to dump stock. But there are plenty that when this when these sell offs to occur there being Purchased on the dip, so there's a big buying the dip buying still occurring, so there's a big tug of war. I mean, the markets are our extended here they are historically very rich. So, but short term out checking calls are pointing to higher stock prices for the near term. But that could all change overnight again are our gym affinity, which is a proprietary algorithm. It's very, very accurate in forecasting which way the dominant money flows are, whether they're incoming or are flowing. Got it now? I was looking at the investor sentiment survey. And it looks like a bullish sentiment jumped up this week and bear sentiment. Got got reduced. So looks like Peeler becoming more optimistic about the stock that exactly this week. It's almost with 2 to 1 ratio. Typically, when you hit a 2 to 1 ratio, a short term top is near. When you when we hit off 3 to 1 ratio when there's three bulls every bear, then significant, declined to Billy Crystal. We're not there yet. But if this bullishness continues over the next 1 to 2 to three weeks. We can look for a sizable pull back in the markets. But as of right now, things did. Things looked positive for the upside, right. Okay, So you subscribe to the theory that things come in waves, right? You have run ups and you have run downs, OK, And so, do you see that this run up? You know, it's hard to predict when it's gonna end. But it will end at some point is that is that fair to say? Everything comes to an end. There was a way count principles called the Elliot Wave. It zit was invented. I believe in the 19 twenties. Um Hi, Mr Elliot and it Zafira Way theory, meaning that there's five waves in to every cycle. You have the initial wave. Where, where There's a lot of doubt that the rallies even beginning then you have a corrective wave to then you have another thrust high witches. Wave three. Where a lot of people get on board. Then you have another pullback way for and then you have five. Wait, wait five, which is When things get silly when everybody comes into the market, And as we saw over the last couple of weeks we had the game stopped fiasco. I was reading an article I believe on Yahoo business where I believe this city 30% of the U. S population during that game Stop. Fiasco with AMC Stock and BlackBerry stock that almost 30% of the American adult population traded one of those vehicles during that time period. Man. That is that is That that's scary. That's scary, because it shows you that everybody's in and when everybody's into the market, just like we saw in 1999, the rug gets pulled out, and when it happens, it is catastrophic. It is vicious and it is quick. Where people just don't have time to get out. And another thing that everybody should watches when the volatility picks up when you have these massive swings that the upside downside intraday That's when you know that typically occurs at the top because When the market is going to collapse. It's going to take both the Bulls and the Bears. It's gonna it Xga run higher and then those that Embarrassed you're going to throw in the town and all the sudden it's gonna correct.
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"In person at one of our officers are meeting locations in Miami in Aventura for lottery elbow, Crotone, West Palm Beach and Jupiter. So we have our trader from New York. P George. Accomplice. How are you, Pete? I'm doing wonderful, Keith. How are you? Great, Thank God. So let me give a little background. Pete is a trader and he has subscribers to a daily update that he provides. Some people are paying, I guess about 1000 a month. For your daily update and you tell them in the short term, meaning the next day or a few days or a week. What you expect the market to do whether it's going to go up or go down and then you also give recommendations about how to capitalize on that, right. So is that accurate? Very accurate. All right, So they say that most people lose money when they try to trade. How would you respond to that? That's 100% true. If you if you Google what percentage of traders lose money in the market over or a one year period Depending on the study, roughly 93 to 95% of active traders lose money. By the end of the year about 3 to 4%. Break even You have one under 1% that actually make money during the year. So if if you're actively getting in and out of the market Theosophy stacked against you that that you're going to be successful. So why are you trading them? Why my trading because we have been trading for well over 35 years, And the key to trading successfully is to do exactly the opposite of what the masses are doing. Okay, So if you think about it, 95% of traders of are losing money. All you have to figure out is what they're doing and do the opposite. And if you do the opposite you have five. You 5% chance of making money. Okay, so that makes sense. That's logical. So what are some of the tools that you can use to determine what the 95% of the traders are doing? That the two tools that we use that that are out of the most valuable tools out. There are number one investment sentiment. So, um, again, 95% of the traders whose money figure figure out what they're doing, go against them and you'll be successful. So we look at investor sentiment so When investors are excessively bullish will show up the market when they're excessively barrish look along the market, but you know it does take. It does take weeks, if not months for them to get to those extremes on another very, very valuable tool that we use is we have a, uh Proprietary algorithm. It's called the G M F a, the gamma money flow algorithm, and what that does is that it takes end of day tick data it analyzed, it puts into a formula. The volume of optics and down ticks in the indexes and a select group of stocks. And it puts out a number between zero and 500 on zero, minus 500. And it's able to determine whether institutional money is flowing into the market or whether it's flowing out of the market. Now this tool is very, very valuable whenever On indexes rallying to an all time high or around to a multi week high. And then we begin to have that versions is inside this GMs a meaning that the stock market's hitting is sitting in your high, but the gentlemen phase printing and negative value. That means that institutional money is coming out of the market, and the market typically virtually always corrects whenever this divergence occurs. Dad. So we utilize Pete signals managed account of Charles Schwab that we manage her clients and in 2019. Think Pete was up over 100% using this method. We started using it in September of 2019, and our accounts were up 31.62% for the last four months. The year versus the SNP was only up 11 during that time and in 2019 I mean in 2020, rather theater count was a 19%. The S and P was up 18%. So we didn't really beat the s and p by that much, But I can tell you that anyone who invested in the S and P 500 had the watch their account. Go down over 20% 30% at some point and then come back, finally make a profit. So with this manage the count, we never endured that kind of loss because we were actually in cash. And actually, short part of the time that the market is going down. So you were able to achieve the same result as the S and P in 2020 without the extreme whipsaw volatility, So that was really good, Pete and then the first month in January The strategy was up 5.75 when the S and P was was down 1%, So we had a first Good month. Anyone who wants to get the daily updates, by the way simply text the word Spartan 2474747 text the word Spartan 2474747. And we'll get you the daily updates. Now things could change quickly right now. I guess it looks like the markets are starting off February very strong. Doing very well this month. What is the short term forecast? You see that continuing or do you see the markets pulling back here? As of, you know, mid February short term the markets Look, look look like they want to go higher from here. What we are seeing some signals. They're awesome institutions that are beginning to dump stock. But there are plenty that when this when these sell offs to occur, that being Purchased on the dips, so there's a big buying the dip buying still occurring, so there's a big tug of war. I mean, the markets are or extended here. They are historically very rich. Um so, but short term out. Technicals are pointing to higher stock prices for the near term. But that could all change overnight again are our Jim Matheny, which is a proprietary algorithm. It's very, very accurate in forecasting which way the dominant money flows are, whether they're incoming or not flowing. Got it now. I was looking at the investor sentiment survey. And it looks like a bullish sentiment jumped up this week and bear sentiment. Got got reduced, so looks like people are becoming more optimistic about the stock that exactly this week. It's almost with 2 to 1 ratio. Typically, when you hit a 2 to 1 ratio, a short term top is near. When you when we hit off 321 raised here when there's three bowls every bear, then significant, declined to Billy Crystal. We're not there yet. But if this bullishness continues over the next 1 to 2 to three weeks. We can look for a sizable pull back in the markets. But as of right now, things did. Things looked positive for the upside, right. Okay, So you subscribe to the theory that things come in waves, right? You have run ups and you have run downs, OK, And so, do you see that this run up? You know, it's hard to predict when it's gonna end. But it will end at some point is that is that fair to say everything comes to an end. There was a way to count principle is called the Elliot Wave. It's It was invented. I believe in the 19 twenties. Um Hi, Mr Elliot and it Zafira Way theory, meaning that there's five waves in to every cycle. You have the initial wave. Where, where There's a lot of doubt that the rallies even beginning then you have a corrective wave to then you have another thrust high. We just wave three. Where a lot of people get on board. Then you have another pullback way for and then you have five. Wait, wait five, which is When things get silly when everybody comes into the market, And as we saw over the last couple of weeks we had the game stopped fiasco. I was reading an article I believe on Yahoo business where I believe this city 30% of the U. S population during that game Stop fiasco with AMC Stock and BlackBerry stock that Almost 30% of the American.
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"Our job is to help. This is to try to figure out and to help our clients determine which which way the market is going to go over the short term and the other. The other ravage that we hold. Very sacred is But the crowd when that extremes Is always wrong. So a Z great Warren Buffett said. Be greedy when others are fearful and be fearful and others greedy. And you know when people are being greedy, there's several there. Several waste that greed and fear can be measured. Um One way is to look at the put the call ratio another way is to look at investor sentiment. And both of those are at extremes. Right down there literally off the charts. How did he tell investor sentiments? Especially sentiment. There's um There's a couple of service out there. One of them that we use is the American Association of Individual Investors, and they come out with Serbia every Thursday, and they asked their members. Where do you think the market's going to be a few months into the future? The bullets, Paris or or neutral and right now, um, bullishness is very high bearishness is low. But more importantly, if you look at the put the cool ratio you have You have that record record low. There are tremendous amount of calls that are being purchased and very few puts so it's very interesting. Let's let's elaborate on that a little bit. Let's go back in history. If you look at the tech craze, right? Ultimately, there was a huge crash in the late nineties early two thousands in tech right before that occurred. Would you say investor sentiment was very bullish or bearish? Right before the bubble burst. It was that euphoric, historically high levels bullishness was off the charts. You would have stocks that would go up 345 10 fold within days. Um, it was just here. A man is going on kind of kind of like what's going on right now, With stocks like James stops. And AMC. BlackBerry stock. They're going up 2345 fold in a matter of a couple of days, and that's not only not healthy, it's not normal. It's not healthy and it It shows that there is excessive greed in the market, and we'll talk about. Let's talk about those stocks in a second, but getting back to the tack crash, so giving What your methods are at that time. If you would have seen extreme euphoria you would have been in cash is shorting the market. Is that fair to say it's fair to say that when you see euphoria, it's best to be in cash until, um, until the market begins to enter a state of the client. Because a lot of times euphoria can last a lot longer than most people think, right? And to give you an example back in 1999 1 of the stocks that I was trading was a stock like Qualcomm. A purchase that person the stock at $27 I so that a few days later at I believe 76 $78 something like that. So I doubled or tripled my money. Ah, few days after that, that it was trading at over $800 when you have a stock going for being a 25 26 $27 going up to $850. That's a mania. Anybody, uh, that would of began to have shorted that when they hit 100 or 203 100. So you have to be patient before shorting because it could last a lot longer than most people think that I can. And if you begin to short too early, you're going to get really hurt. So you mentioned game Stop it. I am seeing some other companies for Gamestop is a brick and mortar. Video games cellar, right breaking mortars kind of out right now, although there was a huge supply for video games this year during covert that during the lockdown, Um but then, uh, a man named Ryan Cohen, who started chewy and a very successful e commerce company, started accumulating shares and now is on the board and he's an activist, and he wants to make the company More e commerce. So there's a group chat on a site called Reddit called Wall Street Bets, and A Lot of those people are saying This could be a really good investment. Now that Ryan Cohen's evolved. We're going to switch the e commerce and the stock went from the third. It was actually around five in August. Too, You know, in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria. That you mentioned obviously. How does that translate to? What were the work that you're doing right now? Um, because of the euphoria you're not investing long right now, just just so everyone knows we offer an account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 2019 It's up 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the S and P. But the big difference is this account was never really down or year or as you if you bought the S and P 500, you had to endure huge decline, and then it came back and by the end of the year Had a nice year where with the peat strategy. We were in cash during that decline, and we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but We certainly had a decent year. Not not a great year for repeat standards, but you know, still slightly beating the S and P 500 where you didn't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies, or, in fact, I know Pete offers a knee email to subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 texts Where Spartan 2474747 So Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles that has 33 strong up upturned cycles to two corrective waves. And, But the fifth way, which is the one that we've identified they were currently in is the most euphoric wave. And it is the wave where things get still being ridiculous, which they are now, just as you mentioned about game stopped, you know, Think about what you just said. Back one from $5. 2 300 or two over $350 in a very short period of time, Okay? And what I'm talking about a company that has found the cure for cancer but talking about a brick and mortar company That's gonna that's going to be transitioning supposedly To E comments so How much competition this game stop. Have lots. Ah, lots and lots. So this is that way? Five euphoria. It is very dangerous..
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"Our job is to help the eyes to try to figure out And to help our clients determine which which way the market is going to go over the short term and the other and the other ravage that we hold very sacred. Is that the crowd when that extremes Is always wrong. So a Z great Warren Buffett said, be greedy when others are fearful and be fearful. Another's greedy And we know when people are being greedy. There's several there. Several waste that greed and fear can be measured. Um One way is to look at the put the call ratio another way is to look at investor sentiment. And both of those are at extremes right down there literally off the charts. How did he tell what investor sentiment is? Especially sentiment? There's there's a couple of service out there. One of them that we use is the American Association of Individual Investors, and they come out with Serbia every Thursday, and they asked their members. Where do you think the market's gonna be a few months into the future or the bullish Paris or Or neutral and right now, um they're bullishness is very high. Bearishness is low. And but more importantly, if you look at the put the cool ratio you have You have that record record low. There are tremendous amount of calls that are being purchased and very few puts so resists. Very interesting. Let's let's elaborate on that a little bit. Let's go back in history. If you look at the tech craze, right? Ultimately, there was a huge crash in the late nineties early two thousands in tech right before that occurred. Would you say investor sentiment was very bullish or bearish? Right before the bubble burst. It was euphoric. Historically high levels bullishness was off the charts. You would have stocks that would go up. 345 10 fold within days. There was just here. A man is going on kind of kind of like what's going on right now, with stocks like game stops and AMC. BlackBerry stock. They're going up 2345 fold in a matter of a couple of days, and that's not only not healthy, it's not normal. It's not healthy and it It shows that there is excessive greed in the market, and we'll talk about. Let's talk about those stocks in a second for getting back to the tack crash, so given What your methods are at that time. If you would have seen extreme euphoria you would have been in cash is shorting the market because that fair to say it's fair to say that when you see euphoria, it's best to be in cash until, um, until the market begins to enter a state of the clients. Because a lot of times euphoria can last a lot longer than most people think right and to give an example back in 1999 1 of the stocks that I was trading was a stock like Qualcomm. I had purchased that person's the stock at $27. I sold it a few days later at I believe 76 $78 something like that. So double or triple my money. Ah, few days after that, that it was trading at over $800 when you have a stock going for being a 25 26 $27 going up to $850. That's a mania. Now. Anybody, uh, that would of began to have shorted that when he hit 100 or 203 100 get So you have to be patient before shorting because it could last a lot longer than most people think that I can. And if you begin to short too early, you're going to get really hurt. So you mentioned Gamestop name seeing some other companies for Gamestop is a brick and mortar. Video games cellar, right breaking mortars kind of out right now, although there was a huge supply for video games this year during covert that during the lockdown, um but then, uh, a man named Ryan Cohen, who started Shui and a very successful e commerce company, started accumulating shares and now is on the board and he's an activist, and he wants to make the company more e commerce. So There's a group chat on a site called Reddit called Wall Street Bets, and A Lot of those people are saying This could be a really good investment. Now that Ryan Cohen's evolve and they're going to switch the e commerce and the stock went from the third. It was actually around five in August. Too, You know, in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's going to end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria. That you mentioned obviously, How does that translate to? What were the work that you're doing right now? Um, because of the euphoria, you're not investing long right now. It's just just so everyone knows. We often account of Charles Schwab that Pete gives us the signals and we buy itself our clients based on Pete's recommendations, and since we started in September of 2019 It's up 40% Since that time versus 23 for the S and P 520 20. The strategy was up 19.14 versus 18 for the SNP, But the big difference is this account was never really down all year or as you if you bought the S and P 500, you had to endure huge decline, and then it came back and by the end of the year Had a nice year where with the peat strategy. We were in cash during that decline, and we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but We certainly had a decent year. Not not a great year for repeat standards, but you know, still slightly beating the S and P 500 where you didn't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies, or, in fact, I know Pete offers a knee email to subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 text word Spartan 2474747. So, Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles that has 33 strong up upturned cycles to correct of waves. And, But the fifth way, which is the one that we've identified they were currently in is the most euphoric wave. And it is the wave where things get sylvian. Ridiculous, which they are now, just as you mentioned about James stock to, you know, think about we just said Stock one from $5. 2 300 or two over $350 in a very short period of time, Okay? And what I'm talking about a company that has found the cure for cancer but talking about a brick and mortar company That's gonna that's going to be transitioning supposedly To E comments so How? How much competition this game stop. Have lots. Ah, lots and lots. So this is that way? Five euphoria. It is very dangerous. There are a lot of people out there that are gonna get really hurt very, very soon. This guarantee, and we've seen this movie many, many times before. And they're always ends. Ugly is not this easy to make money where he's just throw money in companies that are that are just not viable or that are failing or that have very little to no profits. They're going from 5 to $350 within a very short period of time. Another one is a M. C. M. C went up within a couple of days. 5 600%. Was less time anybody wants for a movie? I don't know anybody. I again it. Did AMC just find the cure for cancer. No, it is its stock price is not warranted at these levels and the only reason why it is that these levels It's because you have the Robin Hood Day traders that think they're.
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"Now that Ryan Cohen's about they're going to switch the e commerce and the stock went from the third. It was actually around five in August. Tonto in the thirties recently and then this month it ran up to, I think, 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria that you mentioned. Obviously, How does that translate to? What were the work that you're doing right now? Because of the euphoria, you're not investing long right now. It's just just so everyone knows. We offer an account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 2019 It's up 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the SNP, But the big difference is this account was never really down all year. Whereas if you if you bought the S and P 500, you had to endure huge decline, and then it came back and by the end of the year Get a nice year where with the peat strategy. We were in cash during that decline, and we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but We certainly had a decent year. Not not a great year for repeat standards, but you know, still slightly beating the S and P 500 where you didn't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies are. In fact, I know Pete offers a knee email to his subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 texts Where Spartan 2474747 So Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles that has 33 strong up upturned cycles to two corrective waves. And, But the fifth way, which is the one that we've identified they were currently in is the most euphoric wave. And it is the wave where things get Sylvia and ridiculous which they are now, just as you mentioned about Gamestop to, you know, Think about what you just said. Back one from $5. 2 300 or two over $350 in a very short period of time, Okay? And what I'm talking about a company that has found the cure for cancer but talking about a brick and mortar company That's gonna that's going to be transitioning supposedly To E comments so How? How much competition this game stop. Have lots. Ah, lots and lots. So this is that way? Five euphoria. It is very dangerous. There are a lot of people out there that are gonna get really hurt very, very soon. This guarantee, and we've seen this movie many, many times before. And they're always ends. Ugly is not this easy to make money where he's just throw money in companies that are that are just not viable or that are failing. Or they have very little to no profits and their going from 5 to $350 within a very short period time. Another one. He's a M. C. M. C went up within a couple of days. 5 600%. It was last time anybody wants for a movie. I don't know anybody. I again it. Did AMC just find the cure for cancer. No, it is its stock price is not wanted at these levels and the only reason why it is that these levels It's because you have the Robin Hood Day traders that think they're the masters of the universe, and they're just throwing money to the wind. It may be doing well now, but it's gonna be short lived, and all of them are most them or 95% of them are gonna be annihilated. Extremely soon. Trust me on this one. I really like, you know, we've seen this movie many, many times before. And the ending is disastrous. Yeah, All right. You heard here her so listeners. Obviously, this strategy is a trading strategy. It could create additional diversification. If you consider it is part of your overall portfolio. It's not buying hold. It is from trading, but There is risk. If you want to learn about the risk of the potential reward calls it 866 wealthy will be happy to talk to about this trading strategy. We do it all for you. In your accounts. You don't have to do anything but sit back and watch and again If you want to see three weeks of the emails of our daily trades and our analysis text, the word Spartan 2474747, and we will get you on that list to get the Three weeks email to you each morning and I think it's very, very valuable. So take advantage of that. Text The word Spartan 2474747. Thanks for joining us, Pete. Thanks for having me. Yeah, well, stay tuned, everyone. We'll see how this all turns out. We'll be right back.
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"Is is, uh Our job is to help is to try to figure out And to help our clients determine which which way the market is going to go over the short term and the other. The other ravage that we hold very sacred. Is that the crowd when that extremes Is always wrong. So a Z great Warren Buffett said. Be greedy when others are fearful and be fearful and others greedy. And when you know when people are being greedy, there's several there. Several waste that greed and fear can be measured. Um One way is to look at the put the call ratio another way is to look at investor sentiment. And both of those are at extremes. Right down there literally off the charts. How did he tell investor sentiments? Especially sentiment. There's um There's a couple of service out there. One of them that we use is the American Association of Individual Investors, and they come out with a survey every Thursday and they asked there Members. Where do you think the market's going to be a few months into the future? Or the bullets? Paris or or neutral and right now they're bullishness is very high. Bearishness is low. But more importantly, if you look at the put the cool ratio you have You have that record record low. There are tremendous amount of calls that are being purchased and very few puts, so it's just It's just It's very interesting. Let's let's elaborate on that a little bit. Let's go back in history. Um, if you look at the tech craze, right? Ultimately, there was a huge crash in the late nineties. Early two thousands in tech right before that occurred. Would you say investor sentiment was very bullish or bearish. Right before the bubble burst. It was that euphoric, historically high levels bullishness was off the charts. You would have stocks that would go up 345 10 fold within days. Um, there was just here. A man is going on kind of kind of like what's going on right now, With stocks like James stops. And AMC. BlackBerry stock. They're going up 2345 fold in a matter of a couple of days, and that's not only not healthy, it's not normal. It's not healthy and it It shows that there is excessive greed in the market, and we'll talk about. Let's talk about those stocks in a second, but getting back to the tack crash, so given What your methods are at that time. If you would have seen extreme euphoria you would have been in cash is shorting the market because that fair to say it's fair to say that when you see euphoria, it's best to be in cash until, um, until the market begins to enter a state of the clients because a lot of times Euphoria can last a lot longer than most people think, right? And to give you an example back in 1999 1 of the stocks that I was trading was a stock like Qualcomm. I had purchased that purchase the stock at $27 I so that a few days later at I believe 76 $78 something like that. So I doubled or tripled my money. Ah, few days after that, that it was trading at over $800 when you have a stock going for being a 25 26 or $27 going up to $850. That's a mania. Now. Anybody, uh, that would of began to have shorted that when they hit 100 or 203 100 to So you have to be patient before shorting because it could last a lot longer. Most people think that I can. And if you begin to short too early, you're going to get really hurt. So you mentioned Gamestop name seeing some other companies for Gamestop is a brick and mortar. Video games cellar, right, breaking mortars kind of out right now, although there was a huge supply for video games this year during covert that during the lockdown, But then, uh, a man named Ryan Cohen, who started Shui and a very successful e commerce company, started accumulating shares and now is on the board and he's an activist, and he wants to make the company more e commerce. So There's a group chat on a site called Reddit called Wall Street Bets, and A Lot of those people are saying This could be a really good investment. Now that Ryan Cohen's evolved, they're going to switch the e commerce and the stock went from the third. It was actually around five in August. Too, You know, in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria. That you mentioned obviously, How does that translate to? What were the work that you're doing right now? Um, because of the euphoria, you're not investing long right now. It's just just so everyone knows we offer an account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 2019 It's up 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the S and P. But the big difference is this account was never really down all year. Whereas you if you bought the S and P 500, you had to endure huge decline, and then it came back and by the end of the year Get a nice year where with the peat strategy. We were in cash during that decline, and we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but We certainly had a decent year. Not not a great year for repeat standards, but you know, still slightly beating the S and P 500 where you didn't have to endure that big roller coaster. Now, if anyone is interested in learning about Pete strategies, or in fact, I know Pete offers a knee email to subscribers and some people pay $1000 a month for If anybody wants to receive that email where Pete will give you his analysis and recommendation for three weeks at no cost, text, the word Spartan 2474747 texts or spartan 2474747. So, Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles that has 33 strong up upturned cycles to two corrective waves. And, But the fifth way, which is the one that we've identified they were currently in is the most euphoric wave..
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"Our job is to help. This is to try to figure out and to help our clients determine which which way the market is going to go over the short term and the other and the other rat. It's that we hold. Very sacred is But the crowd when that extremes Is always wrong. So a Z great Warren Buffett said. Be greedy when others are fearful and be fearful and others are greedy. And you know when people are being greedy, there's several there. Several waste that greed and fear can be measured. Um One way is to look at the put the call ratio another way is to look at investor sentiment. And both of those are at extreme right now, and they're literally off the charts. How can you tell what investor sentiment is especially sentiment? There's there's a couple of service out there. One of them that we use is the American Association of Individual Investors, and they come out with survey every Thursday, and they asked their members. Where do you think the market's gonna be a few months into the future? The bullets, Paris or or neutral and right now, um, bullishness is very high bearishness is low. And But more importantly, if you look at the put the cool ratio you have You have that record record low. There are tremendous amount of calls that being purchased and very few puts so insistent. It's very interesting. Let's let's elaborate on that a little bit. Let's go back in history. If you look at the tech craze, right? Ultimately, there was a huge crash in the late nineties early two thousands in tech right before that occurred. Would you say investor sentiment was very bullish or bearish? Right before the bubble burst. It was euphoric. Historically high levels bullishness was off the charts. You would have stocks that would go up. 345 10 fold within days. There was just here. A man is going on kind of kind of like what's going on right now, With stocks like James stops and AMC. BlackBerry stock there. They're going up 2345 fold in a matter of a couple of days, and that's not only not healthy, it's not normal. It's not healthy and it It shows that there is excessive greed in the market and we'll talk about. Let's talk about those stocks in a second, but getting back to the tech crashed so given What your methods are at that time. If you would have seen extreme euphoria you would have been in cash was shorting the market. Is that fair to say it's fair to say that when you see euphoria, it's best to being cash until, um, until the market begins to enter a state of decline. Because a lot of times that euphoria can last a lot longer than most people think right? And to give you an example back in 1999 1 of the stocks that I was trading was a stock like Qualcomm. At versus that versus the stock at $27. I sold it a few days later at I believe 76 $78 something like that. So double or triple my money. Ah, few days after that, that it was trading at over $800 when you have a stock on for being a 25 26 $2027 going up to $850. That's a mania. Now. Anybody, uh, that would of began to have shorted that when he hit 100 or 203 100? So, um, you have to be patient before shorting because it could last a lot longer. Most people think that I can. And if you begin to short too early, you're going to get really hurt. So you mentioned Gamestop name seeing some other companies for Gamestop is a brick and mortar. Video games cellar, right, breaking water's kind of out right now, although there was a huge supply for video games this year, joining covert that during the lockdown, But then, uh, a man named Ryan Cohen, who started Shui and a very successful e commerce company, started accumulating shares and now is on the board and he's an activist, and he wants to make the company more e commerce. So There's a group chat on a site called Reddit called Wall Street Bets, and A Lot of those people are saying This could be a really good investment. Now the Ryan Cohen's involved and they're gonna switch the e commerce and the stock went from the third. It was actually around five in August. To yo in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading and hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria that you mentioned. Obviously, How does that translate to? What were the work that you're doing right now? Because of the euphoria you're not investing long right now, Just just so everyone knows we offer an account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 19 It's up 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the S and P, but the big difference is This account was never really down all year. Whereas you if you bought the S and P 500, you had to endure huge decline, And then it came back. And by the end of the year you had a nice year where With the peat strategy. We were in cash during that decline. And we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but we certainly had a decent year. Not not a great year for Pete standards, but you know, still slightly beating the S and P 500 where you don't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies, or, in fact, I know Pete offers a knee email his subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 text the word Spartan 2474747. So, Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles. It has 33 strong up upturned cycles to corrective waves. And But the fifth way, which is the one that we've identified that we're currently in, is the most euphoric wave. And it is the way of where things get still being ridiculous, which they are now, just as you mentioned about game stopped, you know, think about we just said Stock one from $5. 2 300 or two over $350 all right, in a very short period of time, Okay? And what I'm talking about a company that has found the cure for cancer but talking about a brick and mortar company that's kind of that's going to be transitioning supposedly To E comments so How? How much competition this game. Stop cast lots. Ah, lots and lots. So this is that way? Five euphoria. It is very dangerous. There are a lot of people out there that are gonna get really hurt very, very soon. This second guarantee you We've seen this movie many, many times before. And it always ends. Ugly is not this easy to make money where he's just throw money in companies that are that are just not viable or that are failing, or they have very little to no profits. They're going from 5 to $350 within a very short period of time. Another one he's a M. C. M. C went up within a couple of days..
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"Uh Our job is to help. This is to try to figure out and to help our clients determine which which way the market is going to go over the short term and the other and the other rat. It's that we hold. Very sacred is The crowd one that extremes. Is always wrong. So a Z great Warren Buffett said. Be greedy when others are fearful and be fearful and others are greedy. And we know when people are being greedy. There's several there. Several waste that greed and fear can be measured. Um One way is to look at the put the call ratio another way is to look at investor sentiment. And both of those are at extremes. Right now. They're literally off the charts. How can you tell what investor sentiment is? Especially sentiment. There's there's a couple service out there. One of them that we use is the American Association of Individual Investors, and they come out with Serbia every Thursday, and they asked there Members. Where do you think the market's gonna be a few months into the future or the bill? It's Paris or or neutral and right now they're bullishness is very high. Bearishness is low. And But more importantly, if you look at the put the cool ratio you have You have that record record low. There are tremendous amount of calls that being purchased and very few puts so it's very interesting. Let's let's elaborate on that a little bit. Let's go back in history. If you look at the tech craze, right? Ultimately, there was a huge crash in the late nineties early two thousands in tech right before that occurred. Would you say investor sentiment was very bullish or bearish? Right before the bubble burst. It was euphoric. Historically high levels bullishness was off the charts. You would have stocks that would go up. 345 10 fold within days. There was just here. A man is going on kind of kind of like what's going on right now, With stocks like James stops. And AMC. BlackBerry stock there. They're going up 2345 fold in a matter of a couple of days, and that's not only not healthy, it's not normal. It's not healthy and it It shows that there is excessive greed in the market and We'll talk about. Let's talk about those stocks in a second, but getting back to the tech crashed. So given what your methods are at that time, If you would have seen extreme euphoria, you would have been in cash. You're shorting the market. Is that fair to say? It's fair to say that when you see euphoria, it's best to being cash until, um, until the market begins to enter a state of decline. Because a lot of times that euphoria can last a lot longer than most people think right? And to give you an example back in 1999 1 of the stocks that I was trading was a stock like Qualcomm. I had purchased that versus the stock at $27. I sold it a few days later at I believe 76 $78 something like that. So double or triple my money. Ah, few days after that, that it was trading at over $800 when you have a stock on for being a 25 26 $2027 going up to $850. That's a mania. Now. Anybody, uh, that would of began to have shorted that when he hit 100 or 203 100? So you have to be patient before shorting because it could last a lot longer. Most people think that I can. And if you begin to short too early, you're going to get really hurt. So you mentioned Gamestop name seeing some other companies for Gamestop is a brick and mortar. Video games cellar Right and drinking water is kind of out right now, although there was a huge supply for video games this year during covert that during the lockdown, But then, uh, a man named Ryan Cohen, who started Shui and a very successful e commerce company, started accumulating shares and now is on the board and he's an activist, and he wants to make the company more e commerce. So There's a group chat on a site called Reddit called Wall Street Bets, and A Lot of those people are saying This could be a really good investment now that Ryan Cohen's involved and they're gonna search the e commerce and the stock went from the third. It was actually around five in August. To yo in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria that you mentioned. Obviously, How does that translate to? What were the work that you're doing right now? Because of the euphoria, you're not investing long right now. It's just just so everyone knows we offer on account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 19 Some 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the S and P. But the big difference is this account was never really down or year. Whereas you if you bought the S and P 500, you had to endure huge decline, and then it came back and by the end of the year Had a nice year where with the peat strategy. We were in cash during that decline, and we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but We certainly had a decent year. Not not a great year for repeat standards, but you know, still slightly beating the S and P 500 where you don't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies are. In fact, I know Pete offers a knee email his subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 text the word Spartan 2474747. So, Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles as 33 strong up upturned cycles to corrective waves. And, But the fifth wave, which the one that we've identified they were currently in is the most euphoric wave..
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"You know is is, uh Our job is to help this is to try to figure out And to help our clients determine which which way the market is going to go over the short term and the other. The other ravage that we hold very sacred. Is that the crowd when that extremes Is always wrong. So a Z great Warren Buffett said. Be greedy when others are fearful and be fearful and others greedy. And you know when people are being greedy, there's several there. Several waste that greed and fear can be measured. Um One way is to look at the put the call ratio another way is to look at investor sentiment. And both of those are at extremes. Right now. They're literally off the charts. How can you tell what investor sentiment is? Especially sentiment. There's there's a couple service out there. One of them that we use is the American Association of Individual Investors, and they come out with a survey every Thursday and they asked there Members. Where do you think the market's gonna be a few months into the future or the bullets? Paris or or neutral and right now, um, bullishness is very high. Bearishness is low. And But more importantly, if you look at the put the cool ratio you have You have that record record low. There are tremendous amount of calls that being purchased and very few puts so insistent. It's very interesting. Let's let's elaborate on that a little bit. Let's go back in history. From if you look at the tech craze, right? Ultimately, there was a huge crash in the late nineties early two thousands in tech right before that occurred. Would you say investor sentiment was very bullish or bearish. Right before the bubble burst. It was euphoric. Historically high levels bullishness was off the charts. You would have stocks that would go up. 345 10 fold within days. Um, it was just here. A man is going on kind of kind of like what's going on right now, With stocks like James stops and AMC. BlackBerry stock there. They're going up 2345 fold in a matter of a couple of days, and that's not only not healthy, it's not normal. It's not healthy and it It shows that there is excessive greed in the market and We'll talk about. Let's talk about those stocks in a second, but getting back to the tech crashed, so given what your methods are at that time, If you would have seen extreme euphoria, you would have been in cash or short in the market. Is that fair to say? It's fair to say that when you see euphoria, it's best to being cash until, um, until the market begins to enter a state of decline. Because a lot of times that your four reaction last a lot longer than most people think right And to give you an example back in 1999 1 of the stocks that I was trading was a stock like Qualcomm. I had purchased that versus the stock at $27. I sold it a few days later at I believe 76 $78 something like that. So double or triple my money. Ah, few days after that, that it was trading at over $800 when you have a stock on for being a 25 26 $27 going up to $850. That's a mania. Now. Anybody, uh, that would of began to have shorted that when he hit 100 or 203 100? So, um, you have to be patient before shorting because it could last a lot longer. Most people think that I can. And if you begin to short too early, you're going to get really hurt. So you mentioned Gamestop name seeing some other companies for Gamestop is a brick and mortar. Video games cellar Right and drinking water is kind of out right now, although there was a huge supply for video games this year during covert that during the lockdown, But then, uh, a man named Ryan Cohen, who started Shui and a very successful e commerce company, started accumulating shares and now is on the board and he's an activist, and he wants to make the company more e commerce. So There's a group chat on a site called Reddit called Wall Street Bets, and A Lot of those people are saying This could be a really good investment. Now that Ryan Cohen's evolved and they're gonna switch the e commerce and the stock went from the third. It was actually around five in August. To yo in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria that you mentioned. Obviously, How does that translate to? What were the work that you're doing right now? Because of the euphoria you're not investing long right now, Just just so everyone knows we offer an account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 19 It's up 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the S and P, but the big difference is This account was never really down all year. Whereas you if you bought the S and P 500, you had to endure huge decline, And then it came back. And by the end of the year, he had a nice year where With the peat strategy. We were in cash during that decline. And we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but we certainly had a decent year. Not not a great year for Pete standards, but you know, still slightly beating the S and P 500 where you don't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies are. In fact, I know Pete offers a knee email to his subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 text the word Spartan 2474747. So, Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles. It has 33 strong up upturned cycles to corrective waves. And, But the fifth wave, which the one that we've identified they were currently in is the most euphoric wave. And it is the wave where things get silly and ridiculous, which they are now, just as you mentioned about James, stop to, you know, think about we just said Stock one from $5. 2 300 or two over $350 all right, in a very short period of time, Okay? And what I'm talking about a company that has found the cure for cancer. But talking about a brick and mortar company That's gonna that's going to be transitioning supposedly To E comments so How? How much competition This game stopped half lots. Ah, lots and lots. So this is that way? Five euphoria. It is very dangerous. There are a lot of people out there that are gonna get really hurt very, very soon. This guarantee you we've seen this movie many, many times before. And it always ends. Ugly is not this easy to make money where he's just throw money in companies that are that are just not viable or that are failing or that have very little to no profits. They're going from 5 to $350 within a very short period of time. Another one he's a M. C. M. C went up within a couple of days..
NewsRadio WIOD
"elliot wave" Discussed on NewsRadio WIOD
"It was actually around five in August. To yo in the thirties recently and then this month it ran up to, I think 145 $150 and then on Wednesday, the 27th in overnight trading it hit 3 60. Okay. And so the story remains to be seen how that's gonna end. But there's been an enormous short squeeze. So there's other stocks that are acting like that as well. And I guess it's one of the signs of euphoria that you mentioned. Obviously, How does that translate to? What were the work that you're doing right now? Because of the euphoria, you're not investing long right now. It's just just so everyone knows. We offer an account of Charles Schwab that Pete gives us the signals and we buy and sell for our clients based on Pete's recommendations, and since we started in September of 19 It's up 40% Since that time versus 23 for the S and P 500 in 2020. The strategy was up 19.14 versus 18 for the S and P, but the big difference is This account was never really down all year. Whereas you if you bought the S and P 500, you had to endure huge decline, And then it came back. And by the end of the year, he had a nice year where With the peat strategy. We were in cash during that decline. And we actually were able to avoid it. And you know, we didn't make his much once the market was rebounding because we were more cautious, but we certainly had a decent year. Not not a great year for Pete standards, but you know, still slightly beating the S and P 500 where you don't have to endure that big roller coaster now, if anyone is interested in learning about Pete Strategies are. In fact, I know Pete offers a knee email to his subscribers and some people pay $1000 a month for if anybody wants to receive that email, where Pete will give you his analysis and recommendation for three weeks at no cost. Text the word Spartan 2474747 text the word Spartan 2474747. So, Pete Currently, you know, you are very cautious about the market talk about as of late January. What's making you be very cautious and what's making you potentially be bullish. What's keeping us cautious is there is there is a market time technique that is called the Elliot Wave. And there, Elliot Wave has five cycles as 33 strong up upturned cycles to corrective waves. And, But the fifth wave, which the one that we've identified they were currently in is the most euphoric wave. And it is the wave where things get silly and ridiculous, which they are now, just as you mentioned about James, stop to, you know, think about we just said Stock one from $5. 2 300 or two over $350. All right, in a very short period of time, Okay? And what I'm talking about a company that has found the cure for cancer, Right? Fucking about a brick and mortar company. That's gonna that's going to be transitioning supposedly To E comments so How? How much competition this game stop. Have. Ah, lots. Ah, lots and lots. So this is that way? Five euphoria. It is very dangerous. There are a lot of people out there that are gonna get really hurt very, very soon. This guarantee you we've seen this movie many, many times before. And it always ends. Ugly is not this easy to make money where he's just throw money in companies that are that are just not viable or that are failing, or they have very little to no profits. They're going from 5 to $350 within a very short period of time. Another one is a M. C. M. C went up within a couple of days. 5 600%. It was last time anybody wants for a movie. I don't know anybody. I again it. Did AMC just find the cure for cancer. No, it is its stock price is not wanted at these levels and the only reason why it is that these levels It's because you have the Robin Hood Day traders that think they're the masters of the universe, and they're just throwing money to the wind. And maybe doing well now, but It's gonna be short lived, and all of them are most them or 95% of them are going to be annihilated extremely soon. Trust me on this one. All right. You know, we've seen his moving many, many times before. And the ending is disastrous. Yeah, All right. You heard here her so listeners. Obviously, this strategy is a trading strategy. It could create additional diversification. If you consider it is part of your overall portfolio. It's not buying hold. It is some trading. But there is risk. If you want to learn about the risk of the potential reward calls it 866 wealthy will be happy to talk to about this trading strategy. We do it all for you. In your accounts. You don't have to do anything but sit back and watch and again. If you want to see three weeks of the emails of our daily trades and our analysis text, the word Spartan 2474747, and we will get you on that list to get the three weeks email to you each morning and I think it's very, very valuable. So take advantage of that. That's the word Spartan 2474747. Thanks for joining us, Pete. Thanks for having me. Yeah, well, stay tuned, everyone. We'll see how this all turns out. We'll be right back after these messages. Hi. This is Keith Singer. I've been advising families about their money for 25 years. After the first five years, I got pretty good at it. After 15 years I got even better and after 25 years, I'm really the top of my game. Now, Money management isn't easy. There's lots of components investment management income tax planning state planning in complaining healthcare planning an alternative strategies..