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What Would Elliott Say 8/31/20

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Trade what the fucking market gives you for god's sake. How hard is that to do? If the Fed is bidding the market up day after day, that's fucking reality, man. Deal with it. 

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As much of a preternatural bear as I am, I find most permabears clueless about how the market works, and tiresome.   Guys like whathisname that runs the mutual fund who is always wrong. I mean al

Trade what the fucking market gives you for god's sake. How hard is that to do? If the Fed is bidding the market up day after day, that's fucking reality, man. Deal with it. 

I mean really. Why do we let people run around in crowds with AK47s? If burning down stores and throwing bottles of shit isn't ok, and it isn't, then allowing people to walk around with AK47s, or any

And the racists and gun nuts. Jeeze, this old-love-thy-neighbor liberal can't take it. Koombayah baby, that's me. Koombayah. 

Peace, love, and out! 

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I mean really. Why do we let people run around in crowds with AK47s? If burning down stores and throwing bottles of shit isn't ok, and it isn't, then allowing people to walk around with AK47s, or any kind of firearms at a mass protest, is not ok either.  But to the pigs who are the cause of all this shit, the more the merrier. fornicate them. 

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We did have a slight break of the 6 day uptrend channel.  The bottom of that channel is now at ES 3503. There's a more critical trendline at 3499. If that goes, profit taking BABY! 

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12 minutes ago, DrStool said:

I'm sick of Twitter.Too many bloviating boobs and scumbags. From now on, I'll just autotweet new posts. I never had much patience before. Now I have none.  

I just want to say, your market knowledge and insight has helped me. I have recommended many clients and associates over the years to your websites.  Twitter has become for some a marketing tool to simply get 15 minutes of fame or stir up enough controversy to become noticed, regardless of their actual performance of managing money. I look at twitter as a tool for thought provoking ideas. Do not see any value with (I loved your term) "mental masturbation". 

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I remember the immortal words of the great Beardrech before he left us to move on to the great bear den in the sky.  He told us about his brother who worked for the Fed.  He warned us of what was coming. Two words.  

Endless liquidity. 

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7 minutes ago, potatohead said:

I just want to say, your market knowledge and insight has helped me. I have recommended many clients and associates over the years to your websites.  Twitter has become for some a marketing tool to simply get 15 minutes of fame or stir up enough controversy to become noticed, regardless of their actual performance of managing money. I look at twitter as a tool for thought provoking ideas. Do not see any value with (I loved your term) "mental masturbation". 

Thanks for that. I really appreciate it! 

Twitter is ok for marketing, I guess.  Not for me. For others perhaps.  I'm just tired of it. 

 

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One possible response Elliott might have had to the thread title, if one had hit the SAP button on their TV remote. 60M ES.

It does look like a decent wall starting up around 3080-ish should we get there, but I'm just trying to pick up pennies here and there. 

Screen Shot 2020-08-31 at 8.52.13 AM.png

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 WMT
Wal-Mart Stores
+21.90
136.00
-4.30
-3.06%
141.07
102.00
+19.45%
11:12 ET
 
 MSFT
Microsoft Corp
+68.50
225.12
-3.79
-1.66%
231.15
132.52
+64.08%
11:12 ET
 
 BA
Boeing Company
-47.00
172.46
-3.34
-1.90%
391.00
89.00
-52.35%
11:12 ET
 
 V
Visa Inc
+21.00
213.21
-2.50
-1.16%
216.16
133.93
+17.89%
11:11 ET
 
 CRM
Salesforce.com Inc
+78.70
268.15
-2.95
-1.09%
278.28
115.29
+72.40%
11:12 ET
 
 MMM
3M Company
+1.70
163.36
-2.30
-1.39%
182.54
114.04
+1.95%
11:12 ET
 
 DIS
Walt Disney Company
+2.10
133.34
-2.20
-1.63%
153.41
79.07
-2.89%
11:12 ET
 
 HON
Honeywell International Inc
+8.60
166.42
-1.96
-1.16%
184.06
101.08
+2.10%
11:12 ET
 
 JPM
JP Morgan Chase & Company
-13.80
101.02
-1.75
-1.70%
141.10
76.91
-7.02%
11:12 ET
 
 HD
Home Depot
+36.60
284.57
-1.72
-0.60%
292.95
140.63
+25.12%
11:12 ET
 
 IBM
International Business Machines
-10.60
123.68
-1.39
-1.11%
158.75
90.56
-8.10%
11:12 ET
 
 GS
Goldman Sachs Group
-2.30
205.03
-1.43
-0.69%
250.46
130.85
+1.36%
11:12 ET
 
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