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DrStool

Banned by Twitter! 2/26/20

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Yep, Twitter banned me for violating their terms of use against abusive tweets. 

My target? NewsCorp Dow Jones Marketwatch for being lying propagandists. 

I used bad words that mommy told me never to say. 

I'm sorry, Mommy!

Meanwhile, back at our market watch. 

 

 
 

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Are we getting close to one of those one day or so, tear-your-face-off short covering rallies yet, maybe today or tomorrow? Or do we continue down into the abyss? As of now, we are up about 50 ES futures points off the overnight low, and it doesn't even look that impressive on the charts yet. 

 

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THey just hit a resistance cluster. 

 

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If 3150 area holds we're still in a 5 day cycle up phase. Otherwise the shit will hit the fan for the rest of the week. 

 

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peanutslila5.jpg.dc4292a15e9888ec21691f629cf89eea.jpg

 

Snoopy, Woodstock, and now you.......

They cannot ban me, I do not have an account......

Or Can They?

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1 hour ago, DrStool said:

If 3150 area holds we're still in a 5 day cycle up phase. Otherwise the shit will hit the fan for the rest of the week. 

 

 Or as I always say when texting,  TSWHTFFTROTW

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I have been struggling with channel placement all week. Here is my lame attempt on 32M ES tracking the downtrend with midpoint blue line placed at Friday's close. The inner lime green channel lines have done an OK but not perfect job of containing the down move, until this morning's move up, so I added a parallel channel line to the down channel, which kinda worked to catch the advance. But the two up channels I'm not so sure about, the steepest one has broken for now. We were up 90-ish point off overnight now, but I don't even know if that's a lot, given last few days action. Still feels like down is the way for now. I'm interested to see what happens if we drop to the upsloping midpoint line around 3125-30, but I hate trying to trade these wide channels.I'm just gonna watch awhile and see what happens. 😡

 

Screen Shot 2020-02-26 at 10.39.31 AM.png

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2 hours ago, potatohead said:

Lee, what are your thoughts on Bitcoin? just curious.

LOLOLOLOL

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Seriously, I don't think about Bitcoin. I hope it crashes and burns, and destroys. 

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3108 is the lower bound of the latest crash channel. Target would be 3078 if that cracks. 

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Several European sporting events being cancelled or affected by the C-19.

Olympics......anyone......

>: If Euro soccer/football/rugby stops.......all is lost.....

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It's holding, but it's not over yet. Needs to clear 3148

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