


samitrading
PremiumJ.M. Hurst's theory of cyclical market behavior proposes that price movements in financial markets are influenced by recurring cycles of varying lengths, which can be identified and analyzed to potentially forecast future price trends. These cycles are not exact, but rather average durations, and they can be nested within each other, creating complex patterns
Set Up: 3 Red Quarter in a row 80% a trough has being struck EXCEPT 2004 when we had 5 Red Quarters which resulted in (-78%) - Risk down is still $260
Regn Relative to SPX is getting hammered big time !!! Unless we are about to crash like 1929 = $1, these readings we are seeing have not been seeing since ever !!!
IF we do not crash like many Elliottsions are suggesting implying of Grand 5th wave since 1929... iF we do not start WW3... IF everything utterly absolute out there in the pharmaceutical industries locally and globally... IF our studies of the relation between XLV and Regeneron Pharmaceuticals is remotely correct... Then we should have struck a trough or we...
1/ Using just this indicator " Alon" is a very dangerous game like you can blow up your account !!! 2/Non the less, such readings accompanied by (-86%) or ( 78-%) or (-91%) draw downs such as on the chart above has resulted in the past, in 3 occasions, in big and historical bullish moves !!! "Generational buying " Wealth creation type of trading !!!
This is 101 crash and bear market together no " Pause" No "Rest" area one almost straight line going down and hardly you can count the waves !!!
101 Trend analysis nothing fancy here just a line on the algo method of charting This is a fact not a suggesting of up down movements.
45%-500% Moves were followed after registering higher readings all else absolute !!! Past performance dose not guarantee futures returns but this reading is "One of a kind" to say the least !!!
Using 4 Fundamental metrics: P/S & P/E, net income & total revenues all sounding like a buying opportunity at these levels but structurally this crash style move is something else one of a kind or i am missing something here ( all else absolute !!!)
Just a normal cycle in progress IPO is "Ground Zero "
THE stock to watch in the next few Days/weeks/months or so.! -Major support area starts @ $42.87 -Last line of defense is @ $28.55 -Range $42-$28 -Ever probable, applicable & all else absolute
Since the IPO we have had many weekly divers as such on the chart, as of this week we stand at 22 weeks Our MAX weekly divers was 56 Zoon in and go back to see data on the chart !!
Two major targets here for PZZA as illustrated on the chart all else absolute ! Major trend line starting from 2012's low and the second one is Covid's low! Both are legitimate technical reversal points !!!
People are buying no question is aske !!! The real question is whether we have bottomed or not !!! Fact: This is a trough in the "Making" !!!
2ed Highest short sell volume since 2018 with lower low happing after it !!! Could be nothing right, or it could be everything !!!
History will repeat it self ? A. Yes B. No On the other hand: "Berkshire Hathaway, added two new stocks to its equity portfolio: Pool Corporation and Domino's Pizza." Not Papa Johns !!!
Nothing to say here exept that these levels of RSI has not been seen since IPO of PZZA back in the day. This is troug lands or not and we go sub $30 hitting lower trend line !!!
- The relation between SPX and PZZA is at one of the lowest since the IPO !!! - Yes we could go lower - RSI and MACD suggest the is it $30ish is our trough land *** Or this is irrelevant and we crash to 20ish !!!