Profile | Red Dragon Leo - Stock Market Trading on the Darkside

So far the market is looking good for a "turn" late next week as the larger B wave appears to still be unfolding. The "turn"...

August 9, 2024

We have 2 possible scenario's in play now. The first one projects a bottom sooner, like possibly this Friday It is where the rally up...

August 8, 2024

So far, so good. The market is acting as I expected. This relief rally will last 1-2 weeks from my estimate, and that's based on...

August 7, 2024

WOW, WOW, WOW... that's all I can say about yesterday. But now that the market has calm down a little with the VIX closing at...

August 6, 2024

Friday's nasty drop looks and feels like a capitulation move to me. The VIX almost hit 30 but closed at 23.39, which left a nice...

August 5, 2024

Looks like the market decided it did want a triple bottom after all. I guess the overall bearish pressure from the weekly chart is keeping...

August 2, 2024

We got the rally I was looking for yesterday. Today is more of a grind higher as the market is clearly in a breakout mode....

August 1, 2024

Yesterday the bulls failed to breakdown from the "cup and handle" pattern. The drop changed the wave count. In the chatroom yesterday I posted the...

July 31, 2024

Well... up in the morning and down in the afternoon. We will probably see more of this in the coming days as B wave are...

July 30, 2024

It appears that we bottomed last Thursday so this coming end of the month or first of the next period, where "turns" commonly happen, should...

July 29, 2024