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fxfox

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Posts posted by fxfox

  1. 5 minutes ago, DrStool said:

    Gotta get through that wall at 3410. 

    I hope our California stoolies are ok. 

    Thinking of you and hoping for the best. I have many cousins in Cali too. God what a nightmare. 

    Trump says we need to do a better job of raking the forest. Can you imagine what will happen if he remains in office? 

    Can things get worse than this? 

    Why yes. Yes they can. 

    He said yesterday that trees can explode. 😂

  2. 2 minutes ago, DrStool said:

    I'm not sure.  The action today was within the realm of my expectation, but the lack of follow through in the afternoon and the constant beating back was interesting.  

    They need excuses/reasons. Tomorrow is the Apple Special Event. That will be the reason to bomb it higher.

    As goes Apple so goes the market. Sounds weird, but these are the times we live in.

  3. 4 minutes ago, DrStool said:

    Same old story. Got it up, but couldn't maintain it.  

    Any guy of a certain age can recognize what's wrong with this marke. We've been to a urologist and answered the questionaire. We know the drill. 

    There are old farts who make women pregnant.

    I see nothing bearish in todays action. Base building. They gonna bomb it above the EMA200 hourly tomorrow.

  4. 6 minutes ago, DrStool said:

    I don't know about that. TA keeps me on the right side of the market most of the time.  Trend following has worked really well. I don't need to be early at a top. I need to see clear and convincing evidence, and then take a ride for most of the move.   

    Your stuff seems to work quite well, but many other TA things which used to work before 2009 don‘t work anymore. Has to do with those hard and quick momentum crashes. Charts get effed up so to say.

  5. EMA 200 hourly serves as good res so far. Once cleared, kaboom to the upside. Remember: The MBS dough isn‘t always put to work at the first day entirely.

    This looks more and more like a bottom building process. Somehow the bear narrative seems to be that we already made a major top in go down from September on. Based on EW stuff or wottnot. Thing is: Since 2009 EVERY technical stuff, which is partly from the voodoo department, got killed and doesn‘t really work anymore.

    We will make a new ATH before the election.

  6. 14 minutes ago, Jorma said:

    It's been quite a feat of levitation to keep oil up near $40 all summer.  Gas prices didn't budge over the holiday. That never happens. Well Christmas 08.  The worlds most valuable asset isn't what it used to be.

    Seems so. Many broken kong term charts in oil sector: Monster rounding top on minthly chart in Exxon. BP and Shell also broken. Those are all „dividend aristocrats“, or should we say: They used to be?

    Hard to say which impact the Saudi Aramco IPO had for the whole sector. Normally it should have lead to selling of other major oil shares.

  7. 12 minutes ago, Jimi said:

    Not a prospect I'm suggesting has any certainty.

    But it would be an action that I would expect on an escalation process prior to conventional warfare.

     

    We did buy Soviet oil all thru the Cold War although we in the West knew that we would literally kill them if we wouldnt do so. But we did.

    Things sometimes seem to be so obvious, but play out differently than very sophisticated and intelligent people thought.

     

  8. 13 minutes ago, DrStool said:

    heh heh. Jokes on ...

    da bears. 

    Again. 

    Market will not go down seriously before the election. The Trump side will do EVERYTHING to hold stocks up. They would even murder Powell if needed and replace him with a puppet if necessary.

    They have the FED and the banks on their side.

    What also will happen before the election is an engineered monster drop in Gold. 200 points in one single day.

  9. 7 minutes ago, DrStool said:

    See, that's wrong because the Fed is pumping $200 billion a month into the markets. So there's always fresh cash. That's a source. The US Treasury is a use. And it's using a lot, but the facts show that the Fed has been absorbing funding most of that, and it has been enough to leave some extra for the dealers and specs to do their thing.

    That's not to say the market can't break. Dealers and traders decide what to do with that cash every moment, and one day they can decide to use it to pay off debt and never look back. When that day comes, it's over. 

    With basically zero interest WORLDWIDE they will bot pay back debt. There is no place to hide. There is no real carry trade like we had in decades before. Every HNWI wealth manager must be in stocks nowadays and the stock exposure has to be much larger then it used to be decades ago.

    Bears dream about a 2000 to 2003 redux. That will not happen. Not in the near future.

  10. 1 hour ago, DrStool said:

    Republican Appeals panel in DC says Congress can't enforce subpoenas without first passing a law. With R's controlling Senate that's not going to happen. So Congress will appeal to the full DC circuit court.  

    I'm telling you. Prepare to live under a lawless dictatorship. Whatever Trump says will be the law for that day. They will pardon every fucking gun nut with and AK47 who kills a peaceful protestor. 

    Trump is cheering them on now. There will be mass murder.  Will that end the protests or bring on civil war? 

    Problem is that the ultra right wing has much more guns and ammo.

    The military has to step in at a certain point. 

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