fxfox Posted April 23, 2020 Report Share Posted April 23, 2020 We already know that next Monday and Tuesday the Treasury is gong to pound the market and that the FED won't pump enough. So the market should go down. But even for that circumstance they gonna find a solution. Which one? Who knows. Link to comment Share on other sites More sharing options...
fxfox Posted April 23, 2020 Report Share Posted April 23, 2020 New home sales worse than expected. But we go up. Predictable. Link to comment Share on other sites More sharing options...
Jimi Posted April 23, 2020 Report Share Posted April 23, 2020 What if, “Sell in May & go away” has had it backwards all these years? And in fact, the dynamic is, “Go away & sell in May.” If Wall Streeters are stuck sheltering in place, they can’t go away to their second homes and elsewhere. So, they don’t sell; they trade. Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 1 hour ago, fxfox said: When was the last time market went down when jobless claims were actually worse than expected? Was crystal clear that we'd go up no matter how bad the number would be. Now they are preparing the bomber squad for FULL ASSULT on bears once the new home sales figure comes out. They gonna kill the last bear today and hang him at the corner at Wall Street. It will be a scene like that one when they did hang Mussolini. Colorful. I like it. Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 Quote On the other hand, an hourly close above 2805, could trigger a move to 2825-35, where they’d start to run into resistance again. ... If the market clears 2808, it would be a triangle breakout. These are typically explosive. https://wallstreetexaminer.com/2020/04/right-shoulder-right-shoulder-roll-over-roll-over/ Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 This is dzackly what I said. Air from 2808 to 2830. Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 And indicator buy signals from above the zero line. It doesn't get more bullish. Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 I just found a TL at 2822 on the wuczrs. I need more Kellers. Link to comment Share on other sites More sharing options...
fxfox Posted April 23, 2020 Report Share Posted April 23, 2020 Bitcoin - the "we are awash in liquidity" indicator - explodes to the upside. Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 We're at the 61.8 fibber nacchis. Link to comment Share on other sites More sharing options...
fxfox Posted April 23, 2020 Report Share Posted April 23, 2020 When they say "smart money goes out, idiots will hold the hot potatoe" than I ask: Where should "smart money" go these days? Gold? Get's confiscated by the state at certain point, like in 1934. No option. Foreign stocks? Idiotic. Bonds? Are you kidding? Real Estate? Malls will be dead in 10 years. Senseless. So, where will smart money stay? Right. In stocks. Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 5 day cycle projection 2860 Link to comment Share on other sites More sharing options...
DrStool Posted April 23, 2020 Author Report Share Posted April 23, 2020 A case can be made for 2840. I like our chances here. Link to comment Share on other sites More sharing options...
fxfox Posted April 23, 2020 Report Share Posted April 23, 2020 38 minutes ago, DrStool said: We're at the 61.8 fibber nacchis. No. That one is at 2935. Not at 2835. Link to comment Share on other sites More sharing options...
potatohead Posted April 23, 2020 Report Share Posted April 23, 2020 29 minutes ago, fxfox said: When they say "smart money goes out, idiots will hold the hot potatoe" than I ask: Where should "smart money" go these days? Gold? Get's confiscated by the state at certain point, like in 1934. No option. Foreign stocks? Idiotic. Bonds? Are you kidding? Real Estate? Malls will be dead in 10 years. Senseless. So, where will smart money stay? Right. In stocks. A lot of misinformation regarding the gold confiscation argument. We are not on a gold standard. It could easily happen in the ETF world since they can cash settle. But this is not confiscation. In fact, supposedly most gold is held this way and a cash settle would trigger a taxable event. Government gets the metal and the tax revenue. That is why I tell people to stay out of so called metal ETFs. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.