Been away from this board down at the PullMyFinger Capital's Latin American office in Cabo San Lucas for last couple of weeks to find out that you are calling me names. And, apparently, following me around town. 🙂
Saw that someone had mentioned that since 2001, only 2 years had been positive during the period from Sept 21-30. The other years were sideways or down.
I was too lazy to look it up. He also didn’t say what happens after October 1. 🤔 But if my memory serves, October 10-ish (which falls on a Saturday this year) often seems to show higher volatility and an important high or low.
Yes. For my money, the greatest player of all time. For sure the most dominant. And one of the most amazing athletes of all time. Tremendous volleyball player too. Freakishly strong, according to Schwarzenegger, who should know. Five of the top six scoring average seasons, averaged more than 48 minutes a game one season, and even led the league in assists once. Free throws left a bit to be desired though. Would love to see what he could do today in a league without dominant centers.
By the way, did anything happen in the market today? 🙂
You could always wait for these guys to go public. Check out what they do. Two birds, one stone. Answers your serenity prayer, plus you won't have to buy that EURN you were talking about the other day . . .
And here's the 16M. Was hoping current uptrend might end today or tomorrow latest. A touch and away we go off bottom channel, or not? In the words of the late, great Oscar Gamble, "they don't think it be like it is, but it do." I'm just gonna "let it do", and take a walk. Market will still be here tomorrow. Take 'er down! 🙂
OK, thank you. I assume it must roll over based on when volume or trading activity exceeds the expiring contract. So I'm assuming that the 5 day projection relates to the December contract.
Learning the market is like life--it humbles me hugely most every day, and shows me yet another thing I don't know. 🙂
OK, I'll play. Either Oracle winning the Tik Tok sweepstakes, or perhaps because Dave is watching?
I curse whoever brought attention to the Davey Day Trader Global the other day. Now, I can't look away. On the other hand, this forum generously provides me with a platform to say stupid things too, so I guess Dave and I have something in common after all. 🤡
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. 🙂
Marty Armstrong had Sept 3 as a potential Dow high. He also had March 23 as a potential low in advance, FWIW. I have learned the hard way over the years that you don't fade Lee Adler or Marty Armstrong. Which is why I hate it during those times when they aren't in total agreement.
I don't know about Portnoy's Complaint, but my complaint about Portnoy is this:
In the field of psychology, the Dunning–Kruger effect is a cognitive bias in which people with low ability at a task overestimate their ability. It is related to the cognitive bias of illusory superiority and comes from the inability of people to recognize their lack of ability. Without the self-awareness of metacognition, people cannot objectively evaluate their competence or incompetence. https://en.wikipedia.org/wiki/Dunning–Kruger_effect
I thought it was just me. Challenging week. Although Portnoy seems to disagree with me. Why it's as easy as . . .
I still say he's doing a bit, but this guy is a genius! I took his advice, but this is all I could come up with on my first letter pull. Which companies could he identify from these letters?
😀 Bravo! FWIW, I think your line reflects the workings of comedic genius. Can't say I have read the book or seen the movie, but certain plot points seem metaphorically indistinguishable from what actually goes on over at the Davey Day Trader blog, to wit:
"Its success turned [author Philip] Roth into a major celebrity, sparking a storm of controversy over its explicit and candid treatment of sexuality, including detailed depictions of masturbation using various props including a piece of liver." https://en.wikipedia.org/wiki/Portnoy's_Complaint
This market is tough. I have been goofing around with EW a bit lately for fun. Had posted a 60M ES chart last week and mentioned 3580-ish looked like a brick wall, and the wall held on first trip up. Here it is again. Looking at today's non-bearish action and drawing from that pivot at 3447, there's a Make or Break line starting at 3469. Also 2.618x the move off the overnight low of 3295 to Wave 1 top at 3354 takes it to about 3474, so maybe . . .
I was originally thinking maybe a couple day rip-your-face-off rally, then back down, but dang. This move up today seems about as ferocious as
Was it Jack Dempsey that said a champion is someone who gets up when he can't?
Haven't heard the "down goes Frazier" in awhile. Joe is hurt, let's see if he can get up off the mat one more time or not. Regardless whether avoids a TKO today, I'm with jp6 though, I expect a tough September for the bovines.