This morning, I sent out a private email to Slope’s paying members whose main points were that (1) I had anticipated the burst higher and welcomed it; and (2) the NASDAQ would hopefully poop out below the dashed line I had drawn.
As you can see below, the /NQ peaked JUST BELOW the dashed line. The figure (and I am not making this up) is that the price peaked at 0.03% below the dashed line. Sweet!
Thus we matched the peaked from last Thursday, as I was hoping.
I feel we’ve been let off too easily if the counter-trend bounce is actually over this fast, but we shall see. I am NOT banking at all on anything happening to NVDA, but hopefully the magic of Bear Force One will return gloriously and we can really rock and roll this week.
