Disciple of price. Swing trader with an eye for the chart ๐ง๐ Adapt & evolve. Tweets not recommendations to buy/sell anything. Ideas/opinions only.
The market is like the ocean. So vast, so deep & expansive. Most of us ride paddle boards or surf boards in this simileโฆ maybe a few are fishing/charter boats. Hedge funds are like oil tankers or cargo ships.
While some may create wakes, the currents & waves are far beyond our control. All we can do is try to recognize the signs, and ride the waves as they come. ๐โโ๏ธ๐ค
$CCL a good example looking at cruise lines. Solid look. Needs above 33.15 and has room to 41 on a move for a possible third wave. Fails below 27.76. Let's see whats up with the boats ๐ข
All about the cycles and rotations.
While key names slip, see through the noise of it all.
Cruise lines look interesting here after a 50% retrace and a possible 1-2 build ๐
The "noise" is at an all time high for me right now. Coming from every direction at times. A million reasons why it could fail, but price is all I'm trying to listen to. Looks to me like we're on the verge of new highs via a 5th.
Riding out the chop since Oct has been tricky.
When shit gets wild, take a break. Step away for a few days, or longer. The market will still be there when you get back.
Helps with the general view of things, at least for me.
$INTC daily - Key area for potential to reverse & pull back into a 3 wave decline. Seeing structure w/ 5 waves up. A turn lower could mean a wave 1/A peak to pull back to 2/B.
Took some Jan puts against the grain here - let's see. Long term buyer in lower 30s if it plays out.
Watching $INTC here. Short-term consolidation after getting above 23.90-24 resistance and now holding as support. Looks good if it can continue to hold