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DrStool

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

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Hourly indicators are bullish. But the gains are weak. It raises the spectre of internal adjustment setting up for a horrendous crash in the last couple of hours. They need to clear 2300 right NOW or it's going to be fucking horrendous for the rest of the day. 

I really want this to stop. I never thought I'd say that. 

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Bottom is long away but there should be a bounce or consolidation first. IMHO.

indu.png

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32 minutes ago, DrStool said:

Hourly indicators are bullish. But the gains are weak. It raises the spectre of internal adjustment setting up for a horrendous crash in the last couple of hours. They need to clear 2300 right NOW or it's going to be fucking horrendous for the rest of the day. 

I really want this to stop. I never thought I'd say that. 

image.jpeg.03e0f8f173038c62ee7873b6c3ccbbbd.jpeg

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So far, still in a chain of higher lows. Suggests the market is sold out. 

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This little line of mine. This little line of mine. 

 

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5 day cycle projection on the ES is around 2100. But that can be negated by a move above 2263. 

tvc_277d828ffb94d39edc62fb3a3e6f184a.png

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Interesting minor factoid. Whenever this monster bill is passed, now looking like Friday, it might include waving the pre 63yo IRA withdraw 10% penalty. Why it's goddamn communism.

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2 minutes ago, Jorma said:

Interesting minor factoid. Whenever this monster bill is passed, now looking like Friday, it might include waving the pre 63yo IRA withdraw 10% penalty. Why it's goddamn communism.

What do you mean  63yo? Isn't the age 59 and 1/2 years old? 

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While we're all sitting here pissing and moaning, we could have all gotten rich in gold. 

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I guess now we've transited into the "orderly decline" phase. 

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2189 is the Maginot Line. 

Of course the Germans just went around it. 

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