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DrStool

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Everything posted by DrStool

  1. Disorderly market alert. Prices are declining faster than cycle projections.
  2. 2-3 day cycle projection of 3970 also broken. There are two options at this point. Bungee rebound. Or Crash.
  3. They've already blown out the 5 day cycle projection of 3975.
  4. Let's not talk about Frazier. He and Ali both dead now. Both had brain diseases from too many punches to the head. Like this market.
  5. I asked if the market was open and nobody answered, so I guess not.
  6. Swing Trade Screen Picks – Read My Lips, No New Longs (A Few More Shorts) November 28, 2022 We'll see how long that lasts. Meanwhile, back at the daycare, today's pullback has broken a weird looking top pattern on the hourly ES, 24 hour S&P fugutures. It measures to 3955. Zooming out on the 2 hour bars, it doesn't look so bearish. I'm not impressed. Show me. Meanwhile, the BTC bear market is heading into completing its 13th month, heading for the next sport level at 13,000, and a intermediate projection of 3000. That's before its final destination of 5000 below zero, which I believe is its inherent value. Meanwhile, there's been a lot of excitement about the bond market rally, but what has really been accomplished. Herding more bulls to the slaughterhouses. Over in Precious Metals Land, gold buyers have been shopping at Mens Wearhouse. They're gonna like the way they look. Gold and Miners, Pullback Looks OK November 23, 2022 Click the links below for moron the markets. Swing Trade Screen Picks – Read My Lips, No New Longs (A Few More Shorts) November 28, 2022 Major Inflection Point Here to Determine Whether Bull or Bear November 28, 2022 Gold and Miners, Pullback Looks OK November 23, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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.
  7. What happened to the 4000 people who left when we had the 2004 schism. They started another board. Are they still out there? They were Trump people before there were Trump people.
  8. What I don't understand is why all the FinTwit people don't just come to Capitalstool.
  9. As Twitter sinks into the mire, I invite you to join Post. https://post.news/?r=YRI8P They said this link would earn the right to cut in line if it generates 5 referrals? WTF does that mean, and who TF cares. No doubt Twitter will become a place where no genteel people will want to be seen. If it survives.
  10. I am so proud of the fack that the term Black Friday was coined by my Phillufya Pleece in the 1940s as a term of endearment for the crowds of shoppers that descended upon Center City on the day after Tanks Giving. Not for all the good reasons that CNBC and other mouthpieces of the mob would have you bleeve. I know this for a fack because I was a kid in the 1950s, and my dad had a retail business downtown, and he explained this to me when I asked why they called it Black Friday. Dad was just matter of fact about it. Stories in the Philly papers somewhat confirm this without giving the obnoxious details. Meanwhile, seasonally we usually have an upday today. Of course, seasonally, the Fed is normally pouring billions into the market for the occasion. Back in the old days it was usually with extended temporary repo operations. In the QE era, no need for that. Now, they're draining. And the Treasury is pulling $86 billion out of the markets between today and next Thursday. That's on top of the $53 billion it pulled out on Tuesday. If the market continues to rally today under these conditions, it will be like the miracle on Turdy-turd Street. Reminder, the market closes at 1 PM today. That's 7 PM CET for the two of you that are here with me in my time zone. Meanwhile, the hourly chart of the ES, S&P 24 hour fugutures, hints that yes, Vaginia, the market will go higher. It made a higher high on the latest move, by one point, than the previous move. Such minor highs are normally a sign sent by market makers to other market makers, that they gonna take it, HIYA! The 5 day cycle projection now says 4085. But that would mean a high base breakout, and that breakout would have a conventional measured move target of 4185. Happy Black Friday. Click the links below for moron the markets. Gold and Miners, Pullback Looks OK November 23, 2022 Stock Market Is Grinding Through Resistance November 21, 2022 Swing Trade Screen Picks – Cautiously Bearish November 21, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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.
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