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DrStool

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DrStool last won the day on August 27

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    Del Boca Vista Condo Retirement Home and Community

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  • Member Title
    Chief of Stock Proctology

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Dean of Stock Proctology

Dean of Stock Proctology (9/9)

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  1. So much easier to use this site with Android. I'm just discovering this after how many years? I can voice text. I can use the voice translator. Got to promote!
  2. That's not the proximate cause today but I think it has been the cause of keeping the lid on this thing
  3. I believe the corporate supply both equities and fixed income are what is crushing this market. This has been going on for months. It's like a cancer that's finally taking a toll. I warned about this a couple years ago. I said that stock BuyBacks were two-way street. I wrote that once the stock prices reached a certain permanently high plateau, the supply will come out of the woodwork.
  4. Zooming in with 30 minute bars, the 2-3 day cycle projection is 4340.
  5. Just had a hairline fracture of Aug 19 low. Bounce here, then lower, but questionable whether today or later. The Chinese margin call heard round the world.
  6. It ain't exactly clear, but we have some parameters to watch this morning, that should tell us. Right now at 7:15 AM in New York, the ES is hanging from the lowest downtrending sport line. If they don't climb back above 4375 in the next two hours, then no recovery is likely from the outset in NY. The target would be the August 19 low around 4350. Here's the 2 hour bar perspective. The 2 hour bar oscillators have reached the level of the August 19 low. If they don't rebound here, we're in for an epic, epic day. Not just epic, mind you, but epic epic. Here's the one hour bar perspective. The 5 day cycle projection is 4350-55. That squares with the major sport at the August low. I would expect the next sustained bounce to start from there. 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. Meanwhile, for your longer term infotainment and edification: Stock Market on the Brink Get Ready for the Coming Bond Market Bloodbath Lots of Sell Signals Again From Friday’s Swing Trade Screen Useless Banking Indicators Except for One Giant Red Flag
  7. I too wondered where the yellow went. Look no further than Fed RRPs. That cash is just sitting there. Remember. It's overnight money. Same as cash.
  8. They've already confirmed the downtrend with a lower low by a hair. Also hit a revised 5 day cycle projection of 4440 or fight, but that won't be the last word if they break this low. Could get much worse. We'd be looking at a 5 day cycle projection of 4410.
  9. My Twitter follower numbers are declining, getting close to the 5100 sport level.
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