Nice Catch: QQQ as of Oct 11, 2018

Quick update on where we stand at this point.


Double top (purple lines) with 100% and 200% targets highlighted.

Three pushes up (orange lines) with starting point highlight by the horizontal cyan line on the left.

In combination we are looking for the cyan box to be tagged soon. My guess is Friday or Monday.


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Update: Tesla as of Oct 7, 2018

Same chart as the one posted back in Aug 18 with new highlights on what to watch out for.


Orange down arrows mark the potential double top.

Why the higher high in between does not count? You need to spend some time learning Special Theory of Discovery …

The same support zone I projected is now at risk to be taken out.

Until TSLA trade back above the red down trendline and close above that on weekly basis, without breaking the up channel support, Tesla is at best going sideway in coming months.

Breaking below the bottom boundary of the blue zone is a confirmation of the double top setup with much lower price level in play.

Forecast: Where is Dow Jones Industrial Average Heading as of Oct 2, 2018

Following is the weekly chart of Dow Jones Industrial Average.


The 10 year STOPD level projection tells us where the likely maximum boundary for the current 10 year run will be. It is marked by the red horizontal line at the top.

Parabolic run exhausts itself on the 3rd round most of the time. We are reaching the end of the 3rd round.

Last 2 corrections / consolidations after each run last about 2 years.

It will be tough not to get a steeper correction.

You’ve been warned.

Bitcoin Short Term Outlook as of Sep 14, 2018

Many readers are asking for short term analysis on Bitcoin.

Here is the continuous Bitcoin future daily chart.



1. Bitcoin experienced the classic 75% crash from its all time high near 20,000.

2. Since the spike low back in February it has tried hard to settle down but just like any other market, post crash price actions are usually more bearish.

3. The down channel (blue parallel lines) like price action was terminated with channel mid reversal (blue arrow) and false breakout against first quarter low.

4. Breakout of the channel was meant with a strong selloff back down to retest the channel top and the first quarter low (green arrow).

Short Term Outlook

a. A clean breakout above the resistance trend line (green line) will likely give a run to target around 10,000.

b. IF, BTC manages to stay above 2nd quarter high after #a happened, it will in turn create the potential of what is often called Adam and Eve bottom. Whether the pattern will work out is too early to even think about it since the breakout part has not even happened.

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