[XLNX] update

Backlink.  Model from that link is below.


In the backlink I wrote, "Current chart is below (now above).   5 waves down pierced the lower rail but of course that would be only wave 1 down.   Wave 2 is now forming, shouldn't be more than a couple days before this plunges below the lower rail and begins to move down quickly."

Current chart is below and it seems that the force has been strong with my EW analysis:




The options play I mentioned has doubled since then.


If my long term model is correct then the shorting party is just getting started here.  Keep in mind that semiconductors are usually a leadership sector, up or down.

So what is this supposedly magickal (sic) long term model of which I write?  Namely, that dot bomb is still unwinding and it will finish its crash going into 2017.  In fact, here is the first post I ever did on Xilinx.  Below is the high level model showing that the early 2014 peak was just a wave 4 sucker's bounce.  Of course, at the time all that everyone could see was the big run from $15 to $55 and thus in their minds the sky was the limit.  My call, based on nothing more than EW modeling, was totally contrarian:



Below is the recent snapshot.  If you are new to EW you should at this point be wondering what in the FUCK is going on here.  How can some "guy" who plays with this shit for a hobby have modeled this so ridiculously accurately over the course of the past couple years??  After seeing something like this you simply have to begin to realize that herds move in predictable ways that, IMO, are actually beyond their control because they don't even know that its happening. 

When you think about all the billions of dollars Wall St spends on computers and software and when you consider that all of these wave patterns were figured out by Ralph Nelson Elliott several decades before any computer was ever made, you will realize that computers are not causing this but computers are damned sure monitoring it and this knowledge of the likely future (or one of just a few several likely futures) allows them to set up a shooting gallery for when the herd rolls through OR to know when the likelihood of such a move has cratered. 

If the people understood how Wall St. has set up this parasitic system and sold it to Americans and to the world in order to fleece the masses, they would, overnight, tear the whole God damned thing down and kill anyone associated with it that they can get their hands on.

I think there are still pretty good odds that exactly that will eventually happen.