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  1. In short, no. You do not see armies of homeless people in Croatia like you do in US cities. Croatia is a poor country, but they seem to have ways of housing their poorest and most needy, unlike the US. I'm not familiar with their social services beyond their health care system, which I have paid to use on occasion. The facilities are right out of the socialist era, not palatial monuments to excess like in the US. But care seems good. Medical professionals are highly trained. They have modern equipment, and at least in Zagreb, there are plenty of medical specialists to treat particular di
    2 points
  2. Ah yes. The PullMyFinger Capital trading approach. I don't recommend it for others. 😉 "If every instinct you have is wrong, then the opposite has to be right."
    1 point
  3. I rarely day trade, but Friday I got the bug after a couple nice little trades on the short side earlier in the week, particularly a short of JPM which I covered Wednesday. Came in short GS Friday and covered it mid morning with a small profit. Had a few longs, and added mightily through mid day. I told you about chickening out on long TDOC, which is killing me. No conviction. I'm watching it for a BTFD moment. I had 8 trades going into the last hour Friday. I kept trying to short a couple into the rally because I was 100% long and I couldn't tolerate that. But trying to short that was l
    1 point
  4. I'm down to 3 longs, no shorts at the bell. Weird to go into the weekend long. I will probably regret it Monday morning. I was trading all day today, which I rarely do, but wanted to test out some ideas for Technical Trader. Mea culpa for not posting the QE update. I'll post it tomorrow morning by the time those of you in Amerika get to your screen. And so for the high holy moly day, May the Load, Jaysus Powell bless you and keep you wholely solvent. And always remember, Sell Rosh, Buy Yom! If you are Jewish, Gut Yontif and have an easy fast!
    1 point
  5. Psychologically, it's difficult to short stuff that's getting pounded, especially after you've covered some of it. That's why and how crashes happen. The shorts cover. They don't reshort, and there are no buyers left at previous support.
    1 point
  6. Bearish Engulfing https://www.dailyfx.com/education/candlestick-patterns/bearish-engulfing.html
    1 point
  7. Commenting on the tools still available to the Fed, Powell revealed that the central bank has "basically done all of the things it could think of." Powell said this earlier today. Markets interpretation could be: The FED is done and won‘t be of much help going further. OTOH: Just yesterday he said the exact opposite. Weird.
    1 point
  8. In sticking with my thesis of AMZN as proxy for COVID-19 rally I was worried yesterday that it signaled 'its over'. All day there have been few bids. Jimi what do you call this reversal.
    1 point
  9. M'man - how is this so, what does it mean? Japan has had only 80,000 reported cases against the backdrop of 120m population? I'm not understanding this correctly.
    1 point
  10. My screens spit out a couple of bullish charts that are interesting here. LLY pulled back to its two hunnert. If it holds, it's a good BTFD. If not. oh well.
    1 point
  11. Tokyo hits the 48% seroprevalence mark with a low fatality rate. A drop in new cases seems to indicate they have reached herd immunity: https://www.medrxiv.org/content/10.1101/2020.09.21.20198796v1.full.pdf+html
    1 point
  12. I want to short GS but don't have the guts to pull the trigger to do that. It's like shorting the antichrist and being afraid of what will happen if they try to get even.
    1 point
  13. And now from Zagreb, time to put the reindeer to bed and say, "L'shana tova to all! and to all a good night!"
    1 point
  14. Hmmm... Should be interesting tomorrow. Usually Fed day is a head fake. More MBS cash Tamara. But not that much.
    1 point
  15. Sometimes when the candlesticks do that on your chart, I convince myself that The Them is a Stoolie, and they’re just screwing around bored like the rest of us.
    1 point
  16. Also, denial that money printing is bullish, and devotion to the ideal that markets should be free and fair is bound to get you in trouble. Good traders don't give a shit about that stuff. They just focus on price patterns.
    1 point
  17. If we could just get 10 million or so Californians to move to Montana, Idaho, Wyoming, Utah, Arizona, New Mexico etc, the country could be saved. Seriously though, I hope that all my friends in Cali stay safe and well. With any luck, climate change would bring more rain to Cali. 🙃
    1 point
  18. Our big trip this summer was to a VRBO in Yosemite the week before Labor Day. It was smoky there - Half Dome was sort of like gazing upon the San Gabriel Mountains from, say, Pasadena, ca. 1978 through LA smog. Purpleair indicated it was "only" around 120 while we were there, so we did some modest hikes, but we did keep windows open during the night in case the smell of overwhelming smoke was the signal to GTFO. We also took our sons horseback riding near Fish Ranch, about 50 miles south of the park... which is near where they were later evacuating the campers from the lake into which they ret
    1 point
  19. My cousin lives on top of a mountain in Sonoma. Lost her house last year. She put an Airstream on the property and is living in that. I don't know how she's doing.
    1 point
  20. No, you can't be. But you can have one. Besides, I am the biggest asshole here. So anyone who aspires to assholism should keep that in mind.
    1 point
  21. Rainy season is going to be a blast on the west coast for years to come.
    1 point
  22. You were smart to buy the air filter. I thought no way this would last this long so we didn't get one. Instead I bought two generators this spring thinking I'd be all set for the PG&E outages this summer. Turns out I picked the wrong prophylactic! So at this point I'm hoping the smoke cures COVID-19 so there will be an upside
    1 point
  23. It’s insane, right? I tried explaining to friends what Wednesday was like - there just weren’t words to capture it. We have an air filter we run and we also have an Ambient Weather system with air particle add-on that we us to measure air quality indoors. That’s allowed us to keep particle count indoors under 100. Hooray? I mean, all we need is a cranky Hayward Fault, I guess. How you holding up?
    1 point
  24. I rode my bike around Oakland yesterday. Not a good idea.
    1 point
  25. I don't do ewaves or cycles or pretty much anything useful, but can I be an asshole, too?
    1 point
  26. What do you mean I don't believe them? I've done cycle work for 50 years. And I never said I don't believe Ewave. I don't practice it, but I've seen people who were very good with it. You're such an asshole. I'll allow for your Asperger's up to a point. But you're still an asshole.
    1 point
  27. This is Doc's site and I'm not here to defend or promote Marty Armstrong--Doc is the man and I love this place--but unless I'm missing something, it seems to me that Marty's macro turn date of Sept 3 pretty much lines up with your stated "September High" timeline, no? Doc, my apologies for hijacking the thread. Not trying to be provocative, but probably coming across as such. Crappy week is getting to me I guess. Will put myself in timeout for awhile. 🙂
    1 point
  28. While I think that yesterday was a warning shot across the bow, I'm voting twice in favor of it being yet another BTFD moment. I'll take a deeper look at the big picture in this weekend's Technical Trader, which you can try risk free for 90 days if you are not now nor have ever been a member of our party. Meanwhile, here's the hourly chart view. First of note is that as usual they bought the double bottom last night and rallied 42 points from there, but only to uptrend line resistance. Those lines are around 3475 at 5 AM ET. If they manage to clear those, the next target would be the new
    1 point
  29. Never say never. If they lose control of the bond market they'll have to sell whatever isn't nailed down.
    1 point
  30. sacrificies have to be made...
    1 point
  31. August, September... What's the difference. At least we got the 5 day cycle projection and then some. Now waiting for the next. Meanwhile, this pullback has broken the two day blowoff uptrend. Daily. Spectacular.
    1 point
  32. This is not the end. It is not even the beginning of the end. But it is perhaps the end of the begining of the beginning of the end.
    1 point
  33. Away for few days and Bulls can't hold it up. Here is where I am looking for a Bounce around 3450 Worst thing is if the bulls can't get a bounce
    1 point
  34. If the point is that all this money printing isn't inflationary, well fine. That's bullshit. There's plenty of inflation. They're not looking in the right places. They should try looking at the value of their houses to start with. No inflation, my ass. And let's just completely ignore the inflation of stock prices, and the previous massive inflation of commercial real estate, which has now crashed, only nobody knows it yet.
    1 point
  35. I mean really. Why do we let people run around in crowds with AK47s? If burning down stores and throwing bottles of shit isn't ok, and it isn't, then allowing people to walk around with AK47s, or any kind of firearms at a mass protest, is not ok either. But to the pigs who are the cause of all this shit, the more the merrier. fornicate them.
    1 point
  36. Trade what the fucking market gives you for god's sake. How hard is that to do? If the Fed is bidding the market up day after day, that's fucking reality, man. Deal with it.
    1 point
  37. As much of a preternatural bear as I am, I find most permabears clueless about how the market works, and tiresome. Guys like whathisname that runs the mutual fund who is always wrong. I mean always. The guy has been bearish since the 2009 low. But man does he have great data on how overvalued the market is. People fail to understand that value is fictional. It's a mirage. Things are worth what you can sell them for. WTF is the value of TSLA? I mean really. Who cares. Look how much fucking money the morons who trade it made. And then there's that bloviating chemistry p
    1 point
  38. This is different. This is classic state sponsored fascist violence.
    1 point
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