DrStool Posted October 19, 2020 Report Share Posted October 19, 2020 At 3:30 AM in New York, that is the question. S&P fucutures have recovered to Friday's early trading range before the plunge. The downtrend line is under attack. Hourly oscillators are on the verge of turning up from their zero lines, which would be very bullish. And the 5 day cycle projection is around 3525. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 What Selloff? Here We Go Again 2 - TECHNICAL TRADER OCTOBER 19, 2020 Here’s why and what to do about it. The chart pick screens are spitting out a ton of interesting patterns. I’m adding 9 picks this week, 7 long and 2 short. 4 picks were stopped out last week and one which was a symbol error was also closed. That will leave 18 open picks, including 14 longs, and 4 shorts. Technical Trader subscribers, click here to download the report. Not a subscriber? Try Lee Adler’s Technical Trader risk free for 90 days! Past performance doesn’t indicate future results. There’s always risk of loss. Chart picks are for informational purposes only. These reports are geared toward professional investors and experienced individual traders. Do your own due diligence before trading. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 As a result of this massive rally, my Liquidity Trader service has suffered notable net attrition. My guess is that I'm not alone. Investors don't need market letters in bull markets. Everybody's a genius in a bull market If you have never subscribed, and are curious, now is a good time to take advantage of the 90 day risk free trial. Whether you decide to continue the subscription or not, you'll get your money's worth 😄, and I will appreciate your support! Try all the services and keep the ones that you want. The cost of the ones you don't keep will be refunded and will cost you nothing. Stay safe out there. I'll help you try to stay safe in this market. Link to comment Share on other sites More sharing options...
Jorma Posted October 19, 2020 Report Share Posted October 19, 2020 RE from Liquidity Trader. "Why they didn’t spend more to boost the Regime’s election chances is, to paraphrase Churchill a mystery, wrapped in a fiddle, inside of an enema. We may never know." Of course we know. Congress did not appropriate the spending so there it sits in the Treasuries Account. Why congress didn't appropriate more spending for 'stimulus' is easy as well. The GOP lead Senate will not consider any spending that sends free money to Untermenschen. Not before the election anyway and if Trump loses then this Senate, which ends on Jan 3, will not spend much or any more.. Link to comment Share on other sites More sharing options...
Jorma Posted October 19, 2020 Report Share Posted October 19, 2020 7 minutes ago, Jorma said: RE from Liquidity Trader. "Why they didn’t spend more to boost the Regime’s election chances is, to paraphrase Churchill a mystery, wrapped in a fiddle, inside of an enema. We may never know." Of course we know. Congress did not appropriate the spending so there it sits in the Treasuries Account. Why congress didn't appropriate more spending for 'stimulus' is easy as well. The GOP lead Senate will not consider any spending that sends free money to untermenschen or untermenschen lovers. Not before the election anyway and if Trump loses or just doesn't stay on, somehow, then this Senate, which ends on Jan 3, will not spend much or anymore period. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 Correct. I took literary license and did not go into the details, which I have covered in the past. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 19, 2020 Report Share Posted October 19, 2020 Untermenschen, had to look that one up (and it does makes sense).... Its early but I Already learned something this week..... Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 Function at the junction. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 2-3 day cycle projection 3445, done. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 Something is very wrong. Dark matter makes up 90% of the universe. And apparently, the stock market. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 2-3 day cycle projection drops to 3430 and they've already smashed that. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 Perspective- This is a return to the neckline of the base breakout. Much deeper, and the bulls are in trouble. 2 hr bars. Click to enlarge Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 5 day cycle projection looks like 3400-3410. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2020 Author Report Share Posted October 19, 2020 I'm seeing a ton of broken hourly charts. It's just a flesh wound. Link to comment Share on other sites More sharing options...
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