NQ Bullish - 50% retrace likely E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! dryanhawley In my last My Idea" i predicted a correction. With new ATH's every few hours some thought I was nuts. He who laughs last laughs longest. :-) Now that the correction has come to pass I am expecting a 50% retrace of the correction, probably today, maybe by 10 or 11 AM, maybe even before the cash market opens. A 50% retract is average. 38% retrace is more bearish , 62% is more bullish . These are typical retraces. Yesterday everyone watched as I shorted NQ 12666, all the way down posting my trades in the public chat. At 3 PM EST during Capitulation I went long, in front of everyone, many thought I was crazy, buying while there were GIANT red volume bars. my entry to go long around 3 PM was at 12320 or so, and I am so confident that we go up I left the trade on overnight. This morning, pre market a trader suggested I "dump it", other traders were calling for a second day of heavy selling... You all know what I say, "Behind every BOOM is a BUST, and behind every BUST is a BOOM". Expect a boom today. There is a season for everything under the sun. Cheers, KD aka kauai Dave