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NVidia Finally Reaches Target
Chaos Clinic for 11/15/2019
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In my 2/1/2019 Chaos Clinic, I asked, "Can This Tech Stock Bounce Back? "
I was speaking about NVidia. The top chart here is from that Chaos Clinic.
NVidia had just suffered a huge drop, but had seen some institutional buying
at year end. I suggested NVDA could recover to 180, and even 208.
My time estimate of how soon this would happen was very optimistic, since it was
based on the initial speed of the rally. Instead of reaching 180 in late February
Nvidia took until April.
After reaching that point, NVDA sold off sharply into June. Then it began to climb again.
This suggested that NVDA was in the process of tracing out a 7 move Chaos Clamshell.
I have numbered 7 moves. On November 4th, NVDA finally reached the 208 target on move 7.
My best guess is that this 50 % retracement may well stop the rally for now.
An interesting fact is that both the decline and the overall pattern are well known
astrocycles. The 86 day drop is very close to Mercury's 88 day cycle. The 399 day
pattern is exactly the length of the Jupiter-Earth synodic cycle.
Chaos Clamshells are taught in my Cash in On Chaos course.
A free online mini course called Trading The Chaos Clamshell
can be found at
http://moneytide.com/hans/institute.asp<\a>
For more on my work, see Moneytide.com
11/15/2019 12:12:40 PM MT qq:: Come on and reach that HOD. I feel like shorting it. Anyone have a hat pin to pop this thing?
11/15/2019 11:40:35 AM MT qq:: Thanks Al re on IB I have $TICK-NYSE data, with a chart in IB; still working on how to get it to plot in NinjaTrader .
I don't have a trading program. Using https://www.barchart.com/stocks/quotes/$TICK/interactive-chart
11/15/2019 11:11:31 AM MT Al****:: I'm off to the dentist-everyone have a good weekend
11/15/2019 10:35:52 AM MT Al****:: on many Fridays only the morning trades have a lot of juice
11/15/2019 10:34:26 AM MT Al****:: on Chaos Clinic chart first MoonTide trade a buy because cyan 110 was up, bar color suggested buy near 3108-10 with cover here where it has flattened out
11/15/2019 10:16:38 AM MT Al****:: I'm working on getting my NinjaTrader 8 set up with data supplied by Interactive Brokers; on IB I have $TICK-NYSE data,
with a chart in IB; still working on how to get it to plot in NinjaTrader
11/15/2019 10:07:07 AM MT Al****:: what trading program are you using?
11/15/2019 9:57:59 AM MT qq:: Wish I could get my bar char ticks to work. It gives the ticks update, but no active chart
11/15/2019 9:46:33 AM MT mta:: +24 TICKS
11/15/2019 8:16:38 AM MT Al****:: on Chaos Clinic page there is a Moon flux crossover near next trade time
looks like tracking green +Tide
11/15/2019 5:56:28 AM MT Al****:: GM all-good luck today
Chaos Clinic is posted on AUX page
9:00 Eastern-System: No comments