Waves are not just in the Ocean

All charts have waves..

2/21/20241 min read

The Stock Market is at a point where the Hedge Funds and Institutions may see some of the stocks or Indexes as a bargain. Meta, QQQ, Nvda & others. Just one man's opinion based on odds & probabilities that is based on technical Price Action. I don't pay any attention to quality research, in-depth research, or fundamentals. I gave that up over a decade ago as I realized everything in life has patterns. Science is based on patterns. The 4 seasons of every year have patterns. And the stock market definitely has patterns. And it moves in waves. I mean ALL charts have a series of waves and they are unquestionably tradable. They are based on human nature because in my world, the market is soley driven by supply and demand. I'm talking about the $20 Trillion that flows in and out of the market from the big funds and institutions. What is an example? These same giant funds love to buy leading stocks. Nvidia, Meta, CMG, etc.. They have for over 50 years since Bill O'Neil of IBD sold them the stats on what to trade that will make the biggest moves. Simple but effective. O'Neil wrote maybe the best selling book of all time on the stock market called "How to make money in Stocks" and it is in it's 4th edition. I'm not a fan of the Canslim or cup n handle but what I loved about the book was the 1st 100 pages did not have any text or writing? Strange you say? And that's because the 1st 100 pages are leading stocks from the past 100 years. He was trying to tell us all something. I listened.