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  1. Yesterday
  2. The fewer shorts the better. What shorts don't realise is that they themselves are a contrary indicator. To make money as a short U have to be right at the right time.....not easy at all. Most invariably short too early. And get burned....the story through most of 2021. And get short squeezed out. Look at wirecard or gaotu. It's the latter shorts that make the easy money. They wait for the technicals and phsycologicals to align with the fundamentals. It's not enough for the market to know a stock is a scam/failing business model it has to accept it as being a scam/failing business model. The space between knowing and acceptance is the danger space for short sellers. Knowing is not acceptance. If you want to make money as a short seller you need to look around and find your the only one at the party.
  3. Last week
  4. Shorts are faint hearted. But the fewer shorts there are the bigger the crash will be when the bottom falls out.
  5. Shorts doing their job of supporting the market. He who sells what isn't his'n must buy it back or go to prison.
  6. The Sign Hood Uber Webroke all below IPO level. The IPO level can be regarded as a pivot point for these stocks. A lot of shareholders fold at that level. Also very psychologicaly damaging for the stock.
  7. 2-3 day cycle projection now 4415-20, about the same as the conventional measured move target of a breakdown on the hourly chart.
  8. In short, lower highs and lower lows, with multiple attacks and failures at sport lines. Aka "support" for the uninitiated and uninoculated. If this was a daily chart, it would be a bear market. No doubt that's coming. This is what the stock proctology cycle chartists call a fartcall of things to come. But of course, hope springs eternal in the hearts of US traders and Federal Reserve chart technicians. So as they got to their screens earlier this morning, the market began to rally smartly, or should we say "stupidly," again. The 2-3 day cycle projection is 4605. They got to 4601 so far. Close enough? I'm not sure. There's not quite enough data for a 5 day cycle projection yet. Another hour or two for that. A sharp enough pullback in the early going in regular trading would set up another lower high. There's a ton of resistance 4595-4605. If they clear it, back to 4630 we go. If they don't, bears ball with great field position. More later! Meanwhile, the big picture. Here’s What to Key on With Gold on the Brink of Failure Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens Market Variant Not As Bad As It Looks When the Fed Balance Sheet Will Hit the Fan If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
  9. Flo-Bot Friday started at 4550............ and Keeps Moving on Up, ala George Jefferson and his maid (Flo)rence....... 35 points UP, no questions asked......... 9 (30) minute green bars in a row...rolling 6 across the board
  10. Bit above all else...... Futures drop below 4550 and LIKE MAGIC FRAUD ARE BACK TO 4580 TOO Feckin' EASY >: Must be, because, The Dallas Cowboys won in the BIG EASY
  11. MLB Locks out players...... If MLB was a/the ticker symbol, it would go up in the normal parabolic fashion...... >: The Texas Rangers get Another new (taxpayer) stadium......... and spend 1/2 billion $ on 4 players guaranteed multi year contracts
  12. so a 12 point one minute Green bar to close the day on the SPX......(~4580) all in a good days work for them.......
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