DrStool Posted March 23, 2020 Report Share Posted March 23, 2020 On Friday I observed from the charts that if they didn't let the S&P fall below 2300 In the last hour that there would be a huge gap below it on Monday morning. Well here we are. Is there any coming back from this? I don't think so. Obviously at some point this morning or this afternoon they will try. But if they fail this will continue. I won't say it'll get worse. How could it get worse than the worst in history? Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 Holy crap! The Corona figures we hear from the US this morning are absolutely shocking, my goodness! Hope you and your relatives are all well! Link to comment Share on other sites More sharing options...
fxfox Posted March 23, 2020 Report Share Posted March 23, 2020 DAX wants to go higher, 8600 now.... IF it would close above 9k A low would be in. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 Fucutures need to get to 2263 to fill gap and break through resistance. Then could quickly fill to 2375. The PPT is working in a vacuum now while NY is closed. The tidal flow returns at 9:30. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 https://wallstreetexaminer.com/2020/03/march-22-covid2019-in-numbers/ Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 AFTERSHOCK! Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 SHIT Link to comment Share on other sites More sharing options...
aussiebear Posted March 23, 2020 Report Share Posted March 23, 2020 India -13.2%. Normally a stable market but there you go... All Ords sailed through support to close -6%. The index is now sitting on the next support line, way back in 2013. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 This sucks. I think of the the USmerkans stranded overseas without adequate resources. Jesus. ' Link to comment Share on other sites More sharing options...
Jorma Posted March 23, 2020 Report Share Posted March 23, 2020 It seems the proposal for unlimited unsecured credit, or secured with a wink and a nod, for corporations is meeting some resistance from team D. They will fold. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 If you don't hear from me for a while, it's because 20 feet of stone have fallen on me and I'm dead. Now you know. Link to comment Share on other sites More sharing options...
aussiebear Posted March 23, 2020 Report Share Posted March 23, 2020 Just now, DrStool said: If you don't hear from me for a while, it's because 20 feet of stone have fallen on me and I'm dead. Now you know. Don't let that stop you .. 😀 Link to comment Share on other sites More sharing options...
SiP Posted March 23, 2020 Report Share Posted March 23, 2020 Doc, could you report a chart with bonds/bills - the one that shows how fed destroyed t-bills market? I want to show this to people in FX in Poland. Polish NBP last week started first QE in polish market history. Today traders are saying that NBP is making the whole matter worse. Link to comment Share on other sites More sharing options...
DrStool Posted March 23, 2020 Author Report Share Posted March 23, 2020 2 minutes ago, Jorma said: It seems the proposal for unlimited unsecured credit, or secured with a wink and a nod, for corporations is meeting some resistance from team D. They will fold. I need smart people to explain to me how this doesn't result in extremely high inflation, if not hyper. Link to comment Share on other sites More sharing options...
Jorma Posted March 23, 2020 Report Share Posted March 23, 2020 1 minute ago, DrStool said: If you don't hear from me for a while, it's because 20 feet of stone have fallen on me and I'm dead. Now you know. Didn't you say your walls were 3 feet thick. They have been standing a long time. Presumably thorough many quakes. Link to comment Share on other sites More sharing options...
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