DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 The Fed is insane. I wish I could predict what it will do. I never imagined that it would pump $2 trillion into the market in a month. As of Friday, the bear case was all but dead. Today is a crucial day. I still have a ton of open shorts with small losses. The Illusion of a Stock Market 2 - TECHNICAL TRADER APRIL 20, 2020 Short term cycles are due for tops and little pullbacks at least. If it doesn’t happen, it would be another sign that the long term cycles are back in up phases. But are these cycles, or just the manifestation of the power of the Fed to create the illusion of a market? How do you trade it? With one eye on the ground and the other to the sky. Walk this way. Technical Trader subscribers, click here to download the report. Not a subscriber? Try Lee Adler’s Technical Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Does anyone recognize WTF that last line is about? Or am I just amusing myself again? 😀 Link to comment Share on other sites More sharing options...
fxfox Posted April 20, 2020 Report Share Posted April 20, 2020 At this pace Oil will be single digit at the end of the week. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Jesus, look at the fucutres. (FR) Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Or fuctres. (FR) wtrcz in Polish. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 I am learning Polish. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 3 day cycle projection on S&P wtrcz 2800. Link to comment Share on other sites More sharing options...
Jorma Posted April 20, 2020 Report Share Posted April 20, 2020 In a month or three almost every state, city and town is going to be broke. Only the Federal government will have money, courtesy of the Fed. It doesn't take much imagination to figure out where this is going to go. Link to comment Share on other sites More sharing options...
fxfox Posted April 20, 2020 Report Share Posted April 20, 2020 5 minutes ago, Jorma said: In a month or three almost every state, city and town is going to be broke. Only the Federal government will have money, courtesy of the Fed. It doesn't take much imagination to figure out where this is going to go. A facist dictatorship? I mean corporatism we already have in the US. I see no difference between Krupp Stahl in the 30s in Germany and the role which Google, Amazin dot bomb and others play in the US today. It is the same. Don‘t get me even started on Lockheed, Halliburton, Raytheon and so fourth. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 LEE'S FREE THINKING Stock Market Strikes Back at Fed’s Illusion of a Market by Lee Adler • April 20, 2020 • 0 Comments The Fed has created the illusion of functioning markets, but today futures traders are striking back. The Fed, with all its trillions, may not have the control that it wants, and Wall Street wishes. Today looks pivotal in that regard. Link to comment Share on other sites More sharing options...
rdkyote Posted April 20, 2020 Report Share Posted April 20, 2020 Quote As to his second point, SARS-CoV-2 is a single stranded RNA virus. Why is that important? Because single stranded RNA viruses mutate easily. They create a mutation about once per week per lineage. And we now have many thousands of lineages out there of SARS-CoV-2 as the virus expands and each lineage mutates once per week. And it only started in Nov 2019! So a year or two from now any vaccine that can generate antibodies that recognizes todays SARS-CoV-2 may no longer recognize this new viral form. In fact it may even trigger antibody dependent enhancement (ADE) which is where antibodies against an older version of the virus actually causes your immune system to not effectively fight a newer mutated version of the virus leading to a much worse outcome on second challenge. You see ADE with Dengu for example. The reason RNA viruses mutate faster than DNA viruses is because DNA is double stranded and the second strand works as an error correction template. If a mutation occurs in DNA the second strand can be used to repair the error. You can say using RNA instead of DNA is an adaptation for viruses because it allows them to evolve faste This is why the mRNA vaccines are so intriguing because the scale-up and manufacture of such vaccines is simplified-- such that you could theoretically keep up with drift. I assume you would need to do limited pre-clinical testing for ADE, then you're good to go if the safety of the platform is proven. Much like the modern flu vaccine. Link to comment Share on other sites More sharing options...
BreakOut Posted April 20, 2020 Report Share Posted April 20, 2020 Last line = Igor. Or Eye-gor. WTI hit $11 in 1999 and almost broke the system then. They took Chevron out of the Dow 30 that year, then put it back in 2008 when oil topped $140. Fickle folks. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Thank you! No more calls, listeners, we have a winner! 😄 Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Support holds. The bounce is starting. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2020 Author Report Share Posted April 20, 2020 Uptrend lines remain intact at the open. The critical level on S&P Cash is 2829. 30 OK JUST KIDDING. 2829 will do. Link to comment Share on other sites More sharing options...
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