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Gap and Fill or Gap 'n Crap? 3/23/20


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It will be like it always was: There will be a retrace, hope for the bears, maybe a slight move below todays low in the Futures at some point and then comes the FED and fists the bears fore- and backwards. Maybe the ultimate price low will be 1850 or something, but we will not go triple digits. We would have, if the would have let the market done what it has to do.

They had to do something, ok, but it would have been enough if they nationalized some parts of the economy. Maybe even American Airlines or FedEx or even the complete health care system. But there is absolutely no need to step in at 2200 and do so as if we would all die when the S&P would have gone to 700 and then started to trade in a range say 1000 to 2000 fro the next 10 years.

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It won't stick. The dealers are too far gone. Animal spirits are dead. They have to pay off the debt. 

LEE'S FREE THINKING

TODAY’S CHARTS! As Fed Goes Beldar to Consume Mass Quantities

by Lee Adler •  • 0 Comments

The last few remaining shorts ran for cover on the Fed’s announcing that it was going Conehead this morning. But here are the only things that matter for traders today

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38 minutes ago, fxfox said:

It will be like it always was: There will be a retrace, hope for the bears, maybe a slight move below todays low in the Futures at some point and then comes the FED and fists the bears fore- and backwards. Maybe the ultimate price low will be 1850 or something, but we will not go triple digits. We would have, if the would have let the market done what it has to do.

They had to do something, ok, but it would have been enough if they nationalized some parts of the economy. Maybe even American Airlines or FedEx or even the complete health care system. But there is absolutely no need to step in at 2200 and do so as if we would all die when the S&P would have gone to 700 and then started to trade in a range say 1000 to 2000 fro the next 10 years.

What? 😳

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Aw man. This isn't fun any more. I don't want to win this debate that we've had for 20 years.  

I wish there was a God. Even a capricious, inscrutable one.  Then there'd be a reason to pray. 

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