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PRS LIVE 5.1 DIE GOLD DIE, AGAIN!! BEARS STILL LIVE FOREVER!!

STILL GOING DOWN, STILL FIRST HALF OF SEPTEMBER, STILL GOING TO NAIL 1670 LIKE A COLLEGE FRESHMAN.

First, please click like for my kids.

Notes: This is a re-post to take out the side by side charts. Trade #5 average entry was under 1926 and stopped out bc SL was 1935. I kept it tight just in case of shenanigans (1928, 1929. 1930, 1935). For trade 5.1, it will literally take 3 weeks. So PRS will take 1943 entry with 1963 SL. If this breaks 1900 in a couple of days, don't get excited bc it is likely to go sideways through Thursday 9/3. There are many different examples for this type of move in different time frames. What usually happens in this fractal after this spike is zig-zagging with 3 or 4 more minor tops between 1945 and 1905, not necessarily declining. So making derivative maps will only catch the first or second moves and get the rest wrong. Hence, route above is just general thoughts in my mind. If true through Thursday 9/3, it will likely use NFP drama on 9/4 for the breakdown. I will post evidence soon. After that, unless we break 1960 or 1860, no updates from me because I it is a complete waste of time for this zone.

Uwaga

ALL OF THESE CHARTS COMING UP ARE DAILY BARS:

Uwaga

BTW, PREVIOUS CHART WAS 2003.

Uwaga

>>> In the previous four examples, we move to [NEAR THE BOTTOM OF THE RED BOLLINGER]. So here is today's chart on daily bars:

Uwaga

Here is the weekly regression fractal of 2003 vs 2020.

Uwaga

>>> So now I'm projecting 1700 by 9/11. On weekly bars, that's 5 PTS and 1 bar off. Close enough.

Uwaga

NOTE: 2011 HAD 2 TOPS THAT WERE 14 DAYS APART, BUT THE REGRESSION TOP IS THE FIRST TOP (EVEN THOUGH THE SECOND TOP WAS A FEW POINTS HIGHER).

Uwaga

IN SUMMARY: WHY TAKE THE 1943 ENTRY?

1) WE TOPPED 8/7 THAT'S 20 DAYS AGO. IT IS VERY VERY LIKELY THAT WE HIT THE "TRADE-ABLE BOTTOM" BY 9/11. I CONSIDER THAT 1695. HOWEVER, THIS MIGHT NOT HAVE A TAIL END. IN THAT CASE WE WOULD JUST GO STRAIGHT TO TO 1667 OR SOMETHING LIKE THAT.

2) PRS IS AN INTERMEDIATE TRADING BLAH BLAH. CONSTANT UPDATES ARE ANNOYING.

3) THERE'S NO RULE THAT SAY WE CAN'T DO IT FINISH IT IN LESS THEN 10 DAYS. ESPECIALLY HOW MUCH THIS MOVE LOOKS LIKE 1980 FROM DIFFERENT MULTI DAYS REGRESSION POINT OF VIEW, IE 1-DAY, 2-DAY, 3-DAY, 4-DAY AND SO ON.

Uwaga

FOR RECORDS PURPOSES:

1) I am aware 1970+ stopped out trade 5.1. I was posting to take a double size short at 1928 prior to 10 AM CT. I'll just call it 5.2.

2) Personally my speculative volatility trade is:

1900 10/02 PUTS
1800 9/11 PUTS
2000 9/11 CALLS

3) For my situation, I actually don't want to see 1865 tagged in the next 2 days. In that situation, odds of a 150 pt swing either direction in the following 30 day favor bears more than bull, but really not that much. I would be forced to reposition based on historical price action.

Uwaga

IMPORTANT: TYPO IN CHART COUNTING TRADE-ABLE MOVES TO BOTTOM FOR YEAR 1980: 58 DAYS, NOT 28 DAYS.

Uwaga

Don not under estimate its ability for extended zig-zag. If it wants to be annoying, you can get 4 more tops.

Uwaga

DARK HORSE MOVE 1978, ADJUSTED FOR LONGER CURVE (2 DAYS THEN = 1 WEEK NOW)

Uwaga

Only adjusted this wide, does it make sense. Even in this scenario, we really need a retest or two of 1860 area where the second and third X's are. In this scenario we get a # between 2340-2400 in mid-January before a spectacular draw down that will make the most bearish bears blush.

Uwaga

9:0O AM FRIDAY 8/28 FOR THE RECORD: CLOSE ALL SHORTS: OIL, GOLD, DOW.

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