Dear followers, your encouragement makes me really happy. I stayed up late tonight too—I went to bed at 10:30. Let me talk about what’s next for the market. We’re definitely in a bearish market now. Tonight has been so rough, with longs and shorts getting whipsawed back and forth. Honestly, I think the main players don’t have enough funds to force a short squeeze, but they’re trying to lure in as many longs as possible. We’re now in a continuation phase of the decline. What will happen next? Here’s my bold prediction: we’ll go back to 2166 in about 14 or 15 hours. Even though the price is whipsawing back and forth right now, I can feel that the drops are coming faster: the time between declines is shortening, and the drops are getting bigger. Soon we’ll find a pretty decent bottom. The short positions around 2280–2290 have been getting shaken out for two days, which suggests a big move is coming. Near 2150, you can follow our other post, “Bull Market Bottom-Fishing Rules,” and buy the dip aggressively. Over the next four hours, the market should be choppy, first dropping to 2277 to make many people think it can’t fall any further and go to sleep. The decline will start at 5:30 tomorrow morning, first giving back tonight’s gains, then drifting down during the day. It’ll probably crash before tomorrow evening, then rally back up tomorrow night. That’s roughly the plan for now, so keep it in mind. During the day, watch the market and follow any clear trend; in the evening session, look for a low to go long.
I won’t give specific price levels since I’m going to sleep and won’t be watching the market. I don’t want to throw out levels recklessly.