DrStool Posted August 26, 2020 Report Share Posted August 26, 2020 Really what else can you call a market that does this with 30 million unemployed, as many unable to pay rent or the mortgage, some starving, and thousands dying every week from a virus that the Regime keeps trying to cure with bullshit fake remedies. Sickening. But none of that matters. There's only one thing that matters. Central bank liquidity and promises to do whatever it takes to ensure that the already rich never lose a dime, no matter how dumb or morally outrageous their bets are. It's hard to watch this day after day and not feel a sense of unreality and despondency. Daily. Hourly. Link to comment Share on other sites More sharing options...
potatohead Posted August 26, 2020 Report Share Posted August 26, 2020 then you see headlines like this: THE FED IS SEEN HOLDING INTEREST RATES NEAR ZERO FOR FIVE YEARS OR MORE IN A NEW POLICY Link to comment Share on other sites More sharing options...
jp6 Posted August 26, 2020 Report Share Posted August 26, 2020 16 minutes ago, potatohead said: then you see headlines like this: THE FED IS SEEN HOLDING INTEREST RATES NEAR ZERO FOR FIVE YEARS OR MORE IN A NEW POLICY Savers are going to pay for it again. https://www.stlouisfed.org/on-the-economy/2020/august/what-yield-curve-control Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 I have a really bad feeling about what's behind this rally. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 Watch the Treasury balance in the days ahead. Do or Die Week for the Bears 1 - LIQUIDITY TRADER AUGUST 26, 2020 There will be a severe shortage of QE next week to match up with the end of month Treasury issuance. Bears have a shot there, but here’s why things tilt back toward the bulls after that. Subscribers, click here to download the report Not a subscriber yet? Get this report and access to all past and future reports risk free for 90 days! Link to comment Share on other sites More sharing options...
fxfox Posted August 26, 2020 Report Share Posted August 26, 2020 6 minutes ago, DrStool said: I have a really bad feeling about what's behind this rally. The saved money from Mnuchin which wasn‘t put into work yet? They saved it to bomb the market higher via the P. Diddies right in front of the election, correct? Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 Wow. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 I show trend resistance here on a couple charts. But it's uptrending of course. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 That's the thing. If they break through it, the market will go up even faster. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 Good god they're breaking out. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 Hope that was it. The final blowoff. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 If it drops below 3465 could come down faster than it went up. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 There's blood on Short Street. Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 If trendlines are broken on the way up and the price falls right through them on the way down, and no one is there to trade them, are they really trendlines? Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2020 Author Report Share Posted August 26, 2020 Who wants to short the double top? 😆 Link to comment Share on other sites More sharing options...
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