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DrStool

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

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25 minutes ago, DrStool said:

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

It's not to late since Fed is going to buy shit loads of craps.

Buy and sell em even higher.

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For those not from New York, that's the first line of the Kaddish, the Jewish prayer for the dead. While I'm not at all religious, I do respectfully recite it from time to time when I visit the cemeteries of those of my tribe murdered by the Nazis. 

It celebrates the greatness of the Almighty in the hour of our deepest pain of loss. 

Today, in the home offices of Greenwich CT,  many hedge fund managers recite the Kaddish for their money. 

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2 day cycle indicators have edged to the sell side, but yet again the lower trendline holds. 

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5 day cycle indicators are on the cusp. 

It is only Monday and we are only 1 day into an up phase. A very, very weak up phase so far. 

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I don't think it would be such a great thing for the market to just lie here at the close either. 

Speaking of close. My close are hanging on the rack by the heater drying.  I need to get them off before the get too crisp. 

Did I say that right? 

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DOW - monthly

 

18.300 is the first line (2014-2016) where we are now. I would love to see a bounce here.

 

around 13.300 - THE LOW 

1. Trend line

2. 300 SMA (same as 2009 low)

3. same drop as in GFC (57%)

4. 14.200 - peak of 2007

So in the end - 13.300 looks like the low for me 

2020-03-23-DJA-Yearly.PNG

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