DrStool Posted December 24, 2018 Report Share Posted December 24, 2018 Ken FIsher thinks he can throw his weight around with me. I'm waiting for his next question. Link to comment Share on other sites More sharing options...
Jimbo Posted December 26, 2018 Report Share Posted December 26, 2018 THOUGHTS ON THE BEAR Why there was no Christmas rally? Too much Bear....in such a market all news (including good news) is bad news Thats why Mnuchin's attempt at a good news story about calling the PPT. Turned into a bad news story. The Trump bump and corporate tax cut was the final overvaluation push that set the market up for the bear market. The tax cut while short term bullish was actually long term bearish as it added to the deficit and pushed up interest rates which pushed down stocks!!!!!!!!!! All the Synthetic QE from Trump or Mnuchin will not be effective. Synthetic QE is only effective in BULL markets not BEAR ones. The thing they really need to do is cut the budget deficit to take the pressure off interest rates. But they wont do that. So its back to more printing. Link to comment Share on other sites More sharing options...
DrStool Posted December 26, 2018 Report Share Posted December 26, 2018 It's Welcome Back Wednesday, so... welcome back! ? Link to comment Share on other sites More sharing options...
sandy beach Posted December 26, 2018 Report Share Posted December 26, 2018 Good morning! Futures up! SLV making a recent high finally at $14.11. I bought in the $14.50's may bail and take the loss soon. Dunno. Link to comment Share on other sites More sharing options...
sandy beach Posted December 26, 2018 Report Share Posted December 26, 2018 SOXL back up to $70. Link to comment Share on other sites More sharing options...
DrStool Posted December 26, 2018 Report Share Posted December 26, 2018 Somehow, I don't think that rallying at the opening bell in a bear market is a good thing Link to comment Share on other sites More sharing options...
sandy beach Posted December 26, 2018 Report Share Posted December 26, 2018 Sold SLV at $14.10. I'll miss a little upside but I'd rather have the cash to re-deploy. Next time I'll only trade GLD only. For me GLD works better as a hedge. Lesson learned. Bought a very few shares of ILMN. Just a nibble. Will wait and see if it goes a lot lower... Link to comment Share on other sites More sharing options...
sandy beach Posted December 26, 2018 Report Share Posted December 26, 2018 And there goes financials into the red. This dead cat bounce is done. Let's see how the S&P test of the 200 week average fairs this time around. Link to comment Share on other sites More sharing options...
DrStool Posted December 26, 2018 Report Share Posted December 26, 2018 5 day cycle projection 2260 Link to comment Share on other sites More sharing options...
DrStool Posted December 26, 2018 Report Share Posted December 26, 2018 3 day cycle projection also 2260. Link to comment Share on other sites More sharing options...
DrStool Posted December 26, 2018 Report Share Posted December 26, 2018 Needs to clear 2366 to break the 3 day downtrend. Link to comment Share on other sites More sharing options...
DrStool Posted December 26, 2018 Report Share Posted December 26, 2018 Room to run to 2379-82 to next downtrend lines. Link to comment Share on other sites More sharing options...
Morpheus Posted December 26, 2018 Report Share Posted December 26, 2018 3 minutes ago, DrStool said: 3 day cycle projection also 2260. 2260 = 61.8 retracement of 2016 low to this years top. Also 1.618 extension of wave 3 relative to wave 1 AND takes out the Trump start line at 2276! 200 week SMA is 2350, just tested it. Link to comment Share on other sites More sharing options...
sandy beach Posted December 26, 2018 Report Share Posted December 26, 2018 17 minutes ago, Morpheus said: 2260 = 61.8 retracement of 2016 low to this years top. Also 1.618 extension of wave 3 relative to wave 1 AND takes out the Trump start line at 2276! 200 week SMA is 2350, just tested it. Interesting - thanks! Link to comment Share on other sites More sharing options...
fxfox Posted December 26, 2018 Report Share Posted December 26, 2018 Europe still closed today. Have to pump the US today, otherwise Europe would open with 5 to 10% down gaps tomorrow. That can‘t be allowed. Link to comment Share on other sites More sharing options...
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