The Long Investor

$HHC

Forward PE of 160 will cause this to pull back so revenue catches up with it's valuation.

$ABCL

$SPY TOP 20

It is likely that we see a bounce to complete W - 2, Wave A and B look complete now of W - 2, Wave C may have already started. 

$KWEB

We are continuing to see a lot of strength in Chinese stocks (apart from Nio) so this bounce could go all the way up to $31.71 or slightly higher before a pull back, this is known as a flat correction. 

$PTON

Looking like a lot of stocks at the minute, needs to hold above previous lows and support, otherwise they are in trouble, we are seeing this pattern over and over lately. The market is dragging down any company that is not making a profit and/or making big losses....please do not be risky towards these companies for the next while.

$SHOP

We would really like to see this holding above the descending channel but the market may have other ideas.

$RKLB

$NU

Bear case confirmed

$DRV

Updated but no changes.

$VIX TOP 20

$MCD

Looking very solid, the only way this goes into the bear case is with a market correcting into a recession and dragging down everything with it.

$AAPL TOP 20

It's difficult to see any other trajectory for $AAPL

$V

After hitting the .65 Fib at $176, it bounced in 3 waves, so this implies that we are in another ABC wave, a break down back into the channel should bring this back to $180.

$NVDA

Very neat and defined pullback, which is always good to see, where it finds support now will be crucial to finding out which trajectory is next.

$TSLA TOP 20

Before anyone feels that they should start buying $TSLA now as it has hit our price target, this Wave C only has 3 waves in it so far, it needs 5. So I expect a brutal opening for $TSLA today but it will need to bounce for Wave 4 before ultimately moving down to complete Wave 5. I will not be jumping on this bounce.

$SE

ABC count remains valid, may slightly dip back into the wedge but we would want to see a bounce then to complete wave C.

$NIO TOP 20

Announcing that they are reducing the production guidance for December has not been good timing.

The effects of Nio day will be drowned out by this now I believe.

A break down of the channel now is confirmed and it is possible we'll see a retest and rejection of the channel for confirmation before it moves down further.

$TSLA is also down -6% in PM now, this only adds to $NIO's issues.

$NKE TOP 20

Macro price targets remain the same but timelines had to be altered. $NKE has been an outlier lately in terms of retail stock and it's one of the reasons why we want this stock (at the right price) as part of our portfolio. Earnings were exceptionally good, so we see this as a larger ABC count of B, before the large decline starts coming in for Wave C in red.

Certainly a longer time period now to wait but we have plenty of stocks to buy at fair prices in the mean time.

$PYPL

Looking like it is nicely following our amber line down the channel, we can expect a bounce soon for Wave 4 and then one more leg down.

The Wave Principle.

Another link to an Elliot Wave theory book.

Online books

This is a comprehensive library of every investing and trading book you could possibly need. It was made available on Twitter and the catalogue is incredible.

There is a Long Term investing section that is of most benefit to us. If you also search Elliot Wave in the search drive, there is a very good book that goes into
great detail of understanding EW Theory.

Enjoy!

$COSM

$MELI

$U

It tried to break out of the channel and tested it again with a slight bounce, but ultimately fell right back into the channel...this is bearish for me and I'm struggling to see the bullish count from here, Forward PE of 106 will just not find support in this market right now.

$BIDU

Very similar structure to $BABA now, a break out of the channel here and this starts to turn bullish. Would like to see a pull back first and then a bounce at around $90.

$CHPT

$DCFC

$PANW

Before and after. 

Happy Holidays Everyone.

First of all, welcome to everyone, we've had a lot of people join recently and in the space of one month, we have grown this investing community considerably.

We have members from all over the world in this group now and I am enjoying the fact we are all motivated by the same goal here, to protect our future, build wealth and ultimately give ourselves more freedom to do what we want, whatever it is that makes us happy.

In one month, we have uploaded 450 charts, answered all cha...

$SAVA