I'm not really sure if shorts have to cover if we
Post# of 154898
(Total Views: 516)
Posted On: 01/31/2021 5:43:41 PM
I'm not really sure if shorts have to cover if we uplist. I doubt it. I hope registration of certificates gets easier -- probably more brokers will accept them.
My wave analysis from a couple weeks ago has not materially changed, except the wave (4) became deeper to 4.25 (a possibility I had suggested here) and more extended in time falling outside of the steep upchannel. Sometimes fourth wave consolidations just hang out taking as long as they want. We're still waiting on (5) into $8 and the rest of the up steps after that.
I got the broad early education in elliott wave and related methods by joining elliotwavetrader.net, and met my fractal mathematician trading partner there. Watching predicted patterns play out live daily (or not) is probably better training than reading about historical patterns in a book. They have some decent analysts, though for me the cacophony of competing opinions was not helpful long term. It's possible to read conflicting opinions everyday and always pick the losing one so long as your internal compass is still pointed the wrong way (which it will be instinctually for most humans when starting to trade).
Eventually I realized that the simpler individual technical indicators can be little better than superstition -- they amount to placing a particular ruler on the chart and hitting buy/sell when the chart pattern matches the length of that ruler. Thanks to my trading partner, I started focusing more on the hierarchical channel structures, looking more carefully for securities with deep 5-wave nestings. The deeper the nesting the larger and longer move you're in and easier it is to play on right side of the large scale trend. One can eventually develop an eye for these structures without particular rulers or measurement tools, as good as any wave auto-labeling program. Always start analysis from the largest price/time scale available and work your way down to micro/nano. This multi-scale picture helps accumulate accuracy from context better than any individual technical indicator.
My wave analysis from a couple weeks ago has not materially changed, except the wave (4) became deeper to 4.25 (a possibility I had suggested here) and more extended in time falling outside of the steep upchannel. Sometimes fourth wave consolidations just hang out taking as long as they want. We're still waiting on (5) into $8 and the rest of the up steps after that.
I got the broad early education in elliott wave and related methods by joining elliotwavetrader.net, and met my fractal mathematician trading partner there. Watching predicted patterns play out live daily (or not) is probably better training than reading about historical patterns in a book. They have some decent analysts, though for me the cacophony of competing opinions was not helpful long term. It's possible to read conflicting opinions everyday and always pick the losing one so long as your internal compass is still pointed the wrong way (which it will be instinctually for most humans when starting to trade).
Eventually I realized that the simpler individual technical indicators can be little better than superstition -- they amount to placing a particular ruler on the chart and hitting buy/sell when the chart pattern matches the length of that ruler. Thanks to my trading partner, I started focusing more on the hierarchical channel structures, looking more carefully for securities with deep 5-wave nestings. The deeper the nesting the larger and longer move you're in and easier it is to play on right side of the large scale trend. One can eventually develop an eye for these structures without particular rulers or measurement tools, as good as any wave auto-labeling program. Always start analysis from the largest price/time scale available and work your way down to micro/nano. This multi-scale picture helps accumulate accuracy from context better than any individual technical indicator.
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