Hobbiewood Posted September 11, 2020 Report Share Posted September 11, 2020 5 minutes ago, jp6 said: Leverage can't be good as each new low will be followed by Huge erection. Not going to be like March. Its a leveraged ETF but I don't own it on margin 😉 Its also a hedge I put money in every month on the long side via IRA and company matching but I like to play shorts on the side. Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 Shport break. Link to comment Share on other sites More sharing options...
jp6 Posted September 11, 2020 Report Share Posted September 11, 2020 3 minutes ago, Hobbiewood said: Its a leveraged ETF but I don't own it on margin 😉 Its also a hedge I put money in every month on the long side via IRA and company matching but I like to play shorts on the side. Market is going to give up all the gains from 2009 by March 2023. Looking for 2009 low. it's a long way down. Much better odds then Y2k. Since Fed has our back, Election year is Bullish. Treasuries has lot's cash, All of the narratives are going to fail miserably. Most don't believe. which is a good thing, that is how the change in trend happens. Link to comment Share on other sites More sharing options...
Hobbiewood Posted September 11, 2020 Report Share Posted September 11, 2020 7 minutes ago, jp6 said: Market is going to give up all the gains from 2009 by March 2023. Looking for 2009 low. it's a long way down. Much better odds then Y2k. Since Fed has our back, Election year is Bullish. Treasuries has lot's cash, All of the narratives are going to fail miserably. Most don't believe. which is a good thing, that is how the change in trend happens. So what you're saying is don't expect sell-off drama just failed rally after failed rally for the foreseeable future? Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 12 minutes ago, jp6 said: Market is going to give up all the gains from 2009 by March 2023. Looking for 2009 low. it's a long way down. Much better odds then Y2k. Since Fed has our back, Election year is Bullish. Treasuries has lot's cash, All of the narratives are going to fail miserably. Most don't believe. which is a good thing, that is how the change in trend happens. You make all these sweeping statements without giving your basis for the conclusions. How about having a conversation instead of handing down pronouncements from on high. Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 Bullish. Link to comment Share on other sites More sharing options...
jp6 Posted September 11, 2020 Report Share Posted September 11, 2020 6 minutes ago, DrStool said: You make all these sweeping statements without giving your basis for the conclusions. How about having a conversation instead of handing down pronouncements from on high. Stock price over coming Months. Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 Ah. We use future data in our analysis. It's all good. Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 11, 2020 Report Share Posted September 11, 2020 37 minutes ago, jp6 said: Armstrong has been wrong about many things I only had One, September High. Only time will tell. In the beginning it isn't clear as time passes it will be Crystal clear. With Public participation. market has Bagholders like Y2k This is Doc's site and I'm not here to defend or promote Marty Armstrong--Doc is the man and I love this place--but unless I'm missing something, it seems to me that Marty's macro turn date of Sept 3 pretty much lines up with your stated "September High" timeline, no? Doc, my apologies for hijacking the thread. Not trying to be provocative, but probably coming across as such. Crappy week is getting to me I guess. Will put myself in timeout for awhile. 🙂 Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 30 minutes ago, DrStool said: Bullish. Sorry. I meant to say, Bearish! Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 18 minutes ago, PullMyFinger said: This is Doc's site and I'm not here to defend or promote Marty Armstrong--Doc is the man and I love this place--but unless I'm missing something, it seems to me that Marty's macro turn date of Sept 3 pretty much lines up with your stated "September High" timeline, no? Doc, my apologies for hijacking the thread. Not trying to be provocative, but probably coming across as such. Crappy week is getting to me I guess. Will put myself in timeout for awhile. 🙂 You're not hijacking the thread. Be as active as you like. That's why we're here. So we now have a little intraday double bottom with a slightly lower low, but no positive divergence. We're going lower. Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 And voila. Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 Yesterday's ES low was 3327.75. We are closing fast. Link to comment Share on other sites More sharing options...
jp6 Posted September 11, 2020 Report Share Posted September 11, 2020 Easy come easy go. Link to comment Share on other sites More sharing options...
DrStool Posted September 11, 2020 Author Report Share Posted September 11, 2020 The low is broken but there's another support line at 3320. Link to comment Share on other sites More sharing options...
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