DrStool 249 Posted November 4, 2020 Report Share Posted November 4, 2020 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 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 Vicious intrasession swings of this magnitude are normally associated with bottoms. Link to post Share on other sites
DrStool 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 Tops tend to be quiet affairs. So fool me! Link to post Share on other sites
DrStool 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 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 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 Wait. I thought Wall Street hated uncertaintly. Link to post Share on other sites
Jorma 50 Posted November 4, 2020 Report Share Posted November 4, 2020 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 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 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 7 Posted November 4, 2020 Report Share Posted November 4, 2020 The market has jizzed in its pants Link to post Share on other sites
DrStool 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 Wall Street celebrates hell on Earth. Link to post Share on other sites
DrStool 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 Link to post Share on other sites
DrStool 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 There's a dingleberry hanging from the flagpole. Link to post Share on other sites
potatohead 15 Posted November 4, 2020 Report Share Posted November 4, 2020 26 minutes ago, DrStool said: Wall Street celebrates hell on Earth. History rhymes? Link to post Share on other sites
DrStool 249 Posted November 4, 2020 Author Report Share Posted November 4, 2020 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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