DrStool

Knockdown.

R is at 3295. 30 min bars. CLick to engorge

Now buy alerts. Whipsaw town.

I got sell alarms going off left and right here.

Got to 3275. Close enough for gummit work.

Too late for that.

Good grief. Look at this thing. 5 day cycle projection drops to 3270. Trend support 3300. Click to engorge.

I'm doing what I can to help reverse this. Europe Lost 60% Of Its Jewish Population In 50 Years One small step for a Jew. One giant leap for Jewishkind.

So, I'm looking at this chart that has gone from 6-20 since March. I'm thinking, must be some hot tech stock, right. Company name is Mosaic. MOS. Yeah, hot tech stock. Right. They make fucking fertilizer fergodsakes. They're a bullshit refiner. What a market.

What is the narrative, Kenneth?

Another sector with multiple sells popping up is insurance. They look godawful.

Have to ask myself why in the world, stodgy consumer staple stocks are suddenly acting so shitty. They're either breaking down, or on the verge of breaking down.

Probably means we're close to a bottom. Any time things get lopsided, you can count on them going the other way. Many of the Technical Trader long side picks have gotten stopped out with small gains or slight losses. Unfortunately, had only a handful of shorts, and of course, they're doing extremely well. I elected to make one new pick conditional on hitting a limit. It didn't. Too bad. From the opening price on Monday, it's down about 15%. These picks are published a day before the market opens, so it's tricky, especially with a low priced stock like that one. Monday Mond

As I go through my Metastock personal screens for good day trading setups, I have not found a single chart that looks like a good buy. Everything is sell, sell, sell.

I'm not sure, but I think I see signs that the US markets might gap down this morning. One can never be sure about these things, but my 53 years of watching markets virtually every day gives me an advantage. I can see the faintest suggestions of market direction that other people can't. Although one can never be sure, can one? Anyway, this chart says that the 5 day cycle projection is 3310, give or take 10 points, here at 6:10 AM in New Yawk. Obviously, there are multiple support lines 3335-40. If they give way, should trigger a wave of selling. Click to engorge. So,