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PullMyFinger

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Everything posted by PullMyFinger

  1. 8M NQ chart. Octave drawn from this morning's high to low. Shorter time frame makes for a little sloppier chart, but essentially a 5/8 move up off the low and then a pause vs. the 2/8 move up from Wed low to Thursday high on the 60M chart. The fartcall nature of markets never cease to fascinate, yet bedevil me at the same time.
  2. 11:00 a.m. bar closed right at the green 5/8 line (11903.75 actual close vs. 11904.44 green line) resulting in a nearly exact 2/8 bounce off the morning low. The suspense continues. Mr. Market needs to make up his mind soon.
  3. Edit: by "at or near green", I didn't mean green horizontal lines. I mean a positive close for the market.
  4. Playing around with the 60M NQ this morning and musing aloud. Picture perfect 5/8 (blue horizontal line down to green) move down this morning of octave drawn from Wednesday's low to Thursday's high (blue line to blue line). After a 5/8 move, I look for at least 1/8 or 2/8 counter trend move. So far, we have bounced 2/8+ back up (green line to green line), but let's see if the hourly candle closes above 2/8. After that, it's decision time--the market will either reverse down from that level to attempt to retest support, or continue up past the 2/8 move and keep seeking higher successive 1/8 levels to try eventually to head back up toward the 8/8 (blue) line. Let's see what happens if we can get to the red line at 11985-ish, which would be a 3/8 retracement. If we don't pause and reverse at 11985-12,000, then it wouldn't shock me if we kept going up and closed at or near green today. But I'm waiting to see how this 60M bar closes. Doesn't look all that great right now. Charts can be beautiful using the rear view mirror, but man, these swings can be violent.
  5. It's as if you are looking over my shoulder this week watching me trade. πŸ™‚ What a flippin' mess.
  6. β€œThus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” he added. β€œThe time for moderating the pace of rate increases may come as soon as the December meeting.” https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html
  7. Nice is the original home of Salade Nicoise, no? I prefer the sandwich named for Reuben Kulafofsky from Omaha, but the salad is good too. Although Art Blakey's version of A Night in Tunisia is my favorite rendition of the song. Now we have come full circle with the makings of a nice lunch--salad, sandwich, and background music. I think it goes without saying that I have grown bored--or worse--this morning waiting for Powell to jawbone the market one way or the other. I'll show myself out now. πŸ€ͺ
  8. Dang right. Now go get those evil, scheming, Clockwork Orange-wearing Dutch bastards! πŸ™‚
  9. One of those days where AAPL's ridiculous weighting in what seems like every index, fund, and ETF on the face of the planet is not terribly helpful to bully's case.
  10. Maybe they can get Nick Leeson as a last-minute replacement for Sam.
  11. I reckon trading this thing today would be like trying to draw a straight line whilst sitting on a paint shaker.
  12. Didn't one of you Stoolies have something in your signature line back in either 2001, 2003, or 2009 that said something to the effect of we know the bear market is over when Cramer is blubbering and naked in a corner in the fetal position, sucking his thumb and covered in his own feces?
  13. This time stamp was 11:11 AM ET yesterday (5:11 PM Central European Time) . I stand by me. Great call Doc! Many tanks and dungs a lot.
  14. At this point in his life I would think that Charlie should be more concerned with having a solid bowel movement than buying Chinese stocks. But then again he's a billionaire and I'm not, so I guess there's that.
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