UPDATE DEC 7 "A date that will live in infamy"

iam ready for the week!!! I predict fireworks, well Friday i do i feel good.

while going through the moomoo scanner i found and calculated out a new position iam pretty stoked about. iam not abandoning any positions, just adding.

iam BULLISH yep BULLISH and here is why..

if you follow me you may remember these charts from mid November;

and this chart is from later in November

I haven't changed, but the numbers have, a little. The green arrow from above was not a run to a 5 but a shift of the 3... This feels better to me, it makes more sense. my previous 3 was very short time wise (never trust time!! always give yourself plenty of it) it was equal in time to the 1 which is the minimum. Now it is extended to a more natural 2.57 times longer (from 7 days to 18). This also makes the last 2 days fit more cleanly into a corrective trend. I LIKE THIS BETTER it fits, it's clean, it makes sense.

but iam, how does this make sense? because wave theory is made up of 2 kinds of waves; motive (push with the trend) and corrective (against the trend). All waves are is human sentiment, a person is irrational and impulsive, but people are predictable. Once you understand this you will see the market through the noise. People move in a trends (ALWAYS, everything can be predicted in waves, I use it in everyday life, at work, etc).

(1) You first have excitement to build a strong run and start a trend, then you correct that trend (2) with questions of why and how and that can pull the new trend all the way back to where it started, leading to questions "is this a trend".  (3) As the people work to understand and answer the why and how the next wave moves up and down always making progress with surges of answers and drops with questions but always progressing forward until the collective goal is in sight where there is a surge to near completion, this is where everyone feels good, we feel we have answers to the questions and energy and excitement, and just as a wave but unlike the first surge that crashes on questions this crashes with exhaustion, all that work to build takes a toll. The exhaustion retraces(4),  but not past the main point of where the original surge reached (1 body top* the top of the largest "body" part where most investment entered) think about it like this, if it is a trend then why would you retrace past the work accomplished by the initial investment surge? At this point is where it is realized we (think we) have answers, most of the hard work was done in the big push of wave 3 and the exhaustion is over, now new energy is formed and a final push to full completion (5). Once the wave completes then a reset, meaning a "crash". wave 5s end quickly and usually violently.

Now applied to the current minor cycle we clearly had the wave 1 surge, then we retraced almost all the way back to where it started. And then what seemed like a quick 3, but no, the market drops that followed didn't fit a complete 3 or a violent 5, moving the 3 fits the longer surge and now exhaustion. which is why we dropped on what is no or light news, I expect a drift up (with a down) before a surge near the end of the week maybe next week.

here are the current charts; the charts are looking bearish, but I expect that. At the end of a 3 wave you have profit taking (exhaustion) so a drop is not unexpected.

most of the media, and everything else will appear and seem to be bearish, so iam counter the popular sentiment. Be careful, be safe, be wise and as always Good Luck