DrStool 224 Posted November 4 Report Share Posted November 4 Actually, over the very long term, it's not bullish at all. But in the short run, aye, there's the rub. Since New York closed, the ES fucutures have been up 30, down 60, up 85, down 110, up 90, and now starting down again. Everybody knew how the politics would play out, both pre and post election. But the market doesn't know. It never knows. Only the pundits pretend that it does. The 5 day cycle projection has a plausible range of 3415-3445. They got to the middle of that. So if there's more upside in the short run, it's not much. FOMC Circus today. If you're trading, stick to the 2 minute bars. And you'd better use automatic triggers. Twenty-something video gamers excepted. Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 Vicious intrasession swings of this magnitude are normally associated with bottoms. Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 Tops tend to be quiet affairs. So fool me! Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 At 8 AM in New York, the 5 day cycle projection has now plausibly, if not probably moved up to 3460. Click to engorge. Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 Wait. I thought Wall Street hated uncertaintly. Link to post Share on other sites
Jorma 48 Posted November 4 Report Share Posted November 4 10 minutes ago, DrStool said: Wait. I thought Wall Street hated uncertaintly. Wall Street is certain that they can inflate this mofo, which is lots and lots of assets in all sorts of classes. no matter who wins. Well that's what they have to project. Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 Regardless of who wins, America is lost, simply on the basis of the number of people who voted in favor of racism, misogyny, corruption, and demagoguery. 1 Link to post Share on other sites
FranciscoTheMan 4 Posted November 4 Report Share Posted November 4 The market has jizzed in its pants Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 Wall Street celebrates hell on Earth. Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 There's a dingleberry hanging from the flagpole. Link to post Share on other sites
potatohead 15 Posted November 4 Report Share Posted November 4 26 minutes ago, DrStool said: Wall Street celebrates hell on Earth. History rhymes? Link to post Share on other sites
DrStool 224 Posted November 4 Author Report Share Posted November 4 As Jorma said, they're betting on printing, I guess. From Zadar, Do have a nice night, and a good day tomorrow. Good night all! Link to post Share on other sites
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