DrStool 222 Posted October 15 Report Share Posted October 15 Seems the dragon has lost its wings. The 5 day cycle projection of 3445 has been hit however, so beware of dip buyers. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 Zooming in on the 30 minute bars, there's a 2-3 day cycle projection of 3410 still out there. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 Then a wide angle look with the 2 hour bars - Click to view full size. A drop to 3410 would be a return to the top of the base from which the rally emerged. That's not yet bearish in the bigger picture. A ton of Fed cash hit the dealer accounts yesterday from the first and largest Fed's regular monthly MBS purchase settlements. I keep you informed on that in advance at Liquidity Trader. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 Bottom line. I would not bet on big follow through on this selloff today. The dippers should show, as usual. They'll start nibbling around 10:30 if the usual patterns hold up. As for whether that's from around 3440 or 3410, pick em. I don't know. But if they blow out 3435, then I'd look for 3410. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 Bastards wouldn't even wait until 10:30 Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 I've been a BTFD madman this morning. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 But I am short one horseshit REIT. They are all going bust. Probably more Merkans have retirement funds in REITS for income than any other investment class. They are gittin killed as always. Wall Street takes no prisoners. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 2 sells just triggered. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 Small profits. I'll take it. Midday churn time begins. I'll start looking at afternoon potential setups around 1:45. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 And there goes the one short. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 All good takeouts. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 ES top of channel Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 Indicators on the buy side on hourly bars. Link to post Share on other sites
DrStool 222 Posted October 15 Author Report Share Posted October 15 And flat Link to post Share on other sites
Jorma 48 Posted October 15 Report Share Posted October 15 It's like watching a cartoon of a market. Link to post Share on other sites
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