DrStool Posted December 15, 2020 Report Share Posted December 15, 2020 It's Fed QE MBS settlement week. You can't keep a market down for long when those billions and billions get pumped into dealer accounts. But this isn't your father's MBS setttlement week. And it's also Fed resubstantiation time. Lots of crosswinds. The hourly chart is a noisy mess. Lots of action. No movement. It's the mother of all meat grinders, as trading ranges tend to be. The idea of orderly "channelingstocks.com" markets is long dead. So we had a double bottom overnight. The decline made a higher low. An uptrend from November 30 remains intact. How far will this rally get? There are no projections yet, and all the upside cycle projections yesterday were pie in the sky. The potential resistance levels to watch for signs of reversal this morning are around 3665, 3675, and 3681. A reversal from those levels would just signal more churning until the broader range is broken. If cleared, then the next target would be 3700 again. Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 The Search for The Primary Dealer Holy Grail Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 15, 2020 Report Share Posted December 15, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 2-3 day cycle projection 3684. Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 5 day 3689 Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 Quite the little short squeeze in EBAY today. Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 2-3 day cycle projection 3706. Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 Anybody short EBAY is seein the face a gawt today, may the load be with you. The face a gawt Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 BEHOLD. ThE FACE A GAWT! Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 Look not a pawn the face gawt, or ye shall becometh a piler of shit. Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 Gotta do something to amuse myself. Link to comment Share on other sites More sharing options...
DrStool Posted December 15, 2020 Author Report Share Posted December 15, 2020 51 minutes ago, DrStool said: 2-3 day cycle projection 3706. Looks about 3702 now. Link to comment Share on other sites More sharing options...
Jorma Posted December 16, 2020 Report Share Posted December 16, 2020 10 hours ago, DrStool said: The Search for The Primary Dealer Holy Grail This article isn't showing up on the Liquidity Trader main page Lee. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 That was a copy and paste from the home page. But an old page was probably stuck in your cache. We changed some dns settings yesterday and that had to propagate. So there were a few minutes there where I can imagine something like that happening. Link to comment Share on other sites More sharing options...
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