Quadshaft Octoball (4S8B), with a lagging microwilly, leading Nonaball(9B)?
I’ve been in the GME game for a while now, and in all my weeks trading, I’ve never seen such a bullish pattern. Sure, we’ve all seen the classic 4S8B pattern, but not like this.
Although the focus undoubtedly will go to the four shafts (4Ss), and the initial microwilly (orange) doesn’t look great, our focus needs to be on the four balls(4Bs). Notice the early riser position (pink), proper displacement with slightly offset forward hang on leading 4B. As we approach afterscore position (yellow), trailing position (5B) actually DEFLATED, without any volume displacement from forward hang (6B). Lastly, in half-shaft/pointer position (green), both lagging (7B) and leading (8B) have swollen immensely.
I know what the skeptics are going to say here, “Hey Lili-Puppy, pointer shaft (green) is pointing sideways. A proper 4S8B pattern needs to point 45 degrees or higher”. This would be true, but these boomers – once again – have neglected the Bs.
Look at the far-right side (blue)—the elusive nonaball (9B). Halfshaft went right into afterhours with NO-Volume. This means—and forgive my excitement—that elephantitis nonaball (9B) is upon us. And I’m not talking 45 degrees—we’re talking about a 90degre 4S9B belly-buttoner…I know.
To end, I’ll quote Benjamin Graham from his later years.
“My days were spent preaching prudence to the intelligent investor. My nights, I dreamt. I’ve often thought of the elusive quadshaft nanaball, but alas one lifetime was not enough to fullfill my recurring wet dream.”-B. Grahm. 1976
Positions 101 Shares GME @$194.89
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April 14, 2021 at 11:57PM