DrStool Posted December 16, 2020 Report Share Posted December 16, 2020 The euro now costs $1.22 USD. I have now suffered 13% inflation in the 13 months that I have been in Europe. Since the US still imports stuff from the ROW, I'd imagine we're going to start seeing some of the impact of the horseshit weak dollar on US domestic consumption inflation one of these days soon. We already have massive housing inflation. The NARcos reported 12% inflation on home sales last month. But that's not "inflation." It's "growth." 😠😬 And home prices are NOT INCLUDED in CPI under the theory that houses are assets and are not consumed. Only goods and services that are consumed count. In actuality, house prices were included in CPI until 1982. The Reagan Administration removed them after years of raging housing inflation pushed the CPI up so fast that business could no longer afford to index their union labor contracts to CPI, and the government couldn't afford the government salary and social security increases. So they shitcanned house prices and replaced them with that phony-assed maded up number, "Owner's Equivalent Rent." But it works for them because it results in the massive understatement of CPI as an inflation measure. Given the weighting of OER in the Core CPI, if they used real house prices instead. CPI would be around 5%, not 1%. Make no mistake. The truth may lag, but it's coming to a manipulated inflation measure near you. Stay tuned. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Here as of 5:30 AM New Yak time, we have breakout, with a 5 day cycle projection of 3702. As you can see, if they get through that, theres nothing stopping a move to 3715. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 The 2-3 day cycle projection is 3722-28. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Perfect tag of top of parallel channel. 30 minute bars oscillators in negative divergences. Is it significant. I don't know. Yet. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 The 2-3 day cycle projection now looks 3710, down a bit. We're still shy of that. Doesn't mean we have to get there. If 3695 holds, then they're still in play. If it breaks, bears would have a toehold and those projections would likely remain unmet today. But it's Fed day. Wild swings after the they announce. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Weak retail sales, not news. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Trend broken decisisively. But support 3688 on ES will determine if it's just a softer uptrend or a real downturn. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 I heard that the circus is in town Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 https://www.youtube.com/watch?v=A9QTSyLwd4w Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 After the EUR/USD got through 1.18, I thought, probably 1.25 and that hopefully that would end it Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Remember, we must sit out the first move, and the second. Fade the second one? Fed days are fun. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 I forget what the rule is. The first move is the false move? Help me out here everyone. All zero of you. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 16, 2020 Report Share Posted December 16, 2020 the Monarch butterflies are officially going extinct. Bullish. Link to comment Share on other sites More sharing options...
DrStool Posted December 16, 2020 Author Report Share Posted December 16, 2020 Long live the king. Link to comment Share on other sites More sharing options...
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