DrStool Posted September 16, 2020 Report Share Posted September 16, 2020 Yep, looks like it's breaking the fornicate out. But it faces a lot of overhead from 3419-23. Hourly indicators uptick from high levels, normally a bullish sign that usually leads to trending mode of indefinite duration. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 The breakout extended for a bit but now coming back to earth. Not only that, they're back to the breakout level. Do or die for the members of the bovine club. Indicators on the 30 minute bars have stalled, and rate of change - the topmost lower indicator has begun to edge lower and is on a sell signal. If they drop more than a hair below 3420, then the party is likely over and a 5 day cycle projection still around 3440-45 won't matter. But if the pullback holds here, then up we go again. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 Except for the downdraft on Sept 11, the trend has been consistent. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 3 minutes ago, DrStool said: Except for the downdraft shakeout on Sept 11, the trend has been consistent. since the low at 3 PM on September 10. I have no idea what that implies. Just thought it interesting. 😄 Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 Itty bitty head and shoulders here. Neckline 3407. But not much downside. First support 3402-3. Break that and there's a little room for a move. A lot more clearance on the upside if this holds. Pre market pivot 3417, then next R 3424. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 OK. THey're done selling. Buckle up. Link to comment Share on other sites More sharing options...
aussiebear Posted September 16, 2020 Report Share Posted September 16, 2020 Two weeks ago I was madly bullish but now we seem to be forever stuck in this sideways stuff... Mind you some of the speculative stocks have been doing ok .. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 The trend in intact. Look at this shit. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 charts are down. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 nah. my network is acting up. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 It seems pointless to be bearish. I keep looking for reasons. It's tough. My chart pick list for Liquidity Trader has 9 longs and 3 shorts. One of the shorts has been on the list for 86 days and is an oil driller. Has a gain of 32% based on 100% cash. One was put on last week and got stopped out already. -3.2% The other was put on Monday and is ahead 2.8%. The other 9 picks are longs. All positive, with gains of 0.1% to 17.7%. Overall, including the stopout, the list is +7% with an average holding period of 18 calendar days. Wouldn't it be great if that could be compounded regularly! Pretty soon you'd be talking real money. Can't do that though. Past performance, yadda fucking yadda. Anyway, you can track this to see how it does, risk free for 90 days. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 Now they're waiting for go dough. Link to comment Share on other sites More sharing options...
Hobbiewood Posted September 16, 2020 Report Share Posted September 16, 2020 I don't short individual stocks just ETF's and I don't know what the rules are for shorting IPO's nor do I know what it says about the market in general but I can say with certainty that I am in the 'Cloud' business and this SNOW price is a freaking joke. Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 The Fed has done only one thing over and over. Bailing out hyper rich bankers, traders, and investors who make extraordinarily bad bets with extraordinary leverage. The rest of us pay with lost jobs, and the theft of our savings via ZIRP. Reward the gamblers. Punish savers.— Liquidity Trader (@Lee_Adler) September 16, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted September 16, 2020 Author Report Share Posted September 16, 2020 They've been trying to hit 2% since 2012. You would think that if they had any fucking clue how to do that, they would have done it already. Ditto BoJ. Ditto ECB. These central banker shitbags are clueless. Or evil. Or both. https://t.co/lr6Bs8ZoIY— Liquidity Trader (@Lee_Adler) September 16, 2020 Link to comment Share on other sites More sharing options...
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