DrStool Posted January 8, 2021 Report Share Posted January 8, 2021 Even though I knew it was coming, and I warned about it here and elsewhere for the past couple of years, I'm having difficulty processing the Trump coup attempt. I'm still not sure that it has failed. I'm not at all confident that things are under control, and that the US will have a functioning government. There's a large contingent of seditionists in the Republican Party, and despite the fact that they represent only 10% of the electorate, they have an armed and dangerous horde of madmen and idiots at their disposal. And they have collaborators and co-conspirators at the highest levels of many, if not most, police departments throughout the US. I remain very worried. I have always been, and remain deeply critical of US government policy, regardless of Administration, and the rampant corruption endemic in both political parties. But one thing I know for sure is that the US needs a functioning government, elected by the people, for us to have any chance to survive with a relative degree of freedom from oppression. The Rule of Law, as deeply flawed as it is, must prevail, or we are doomed. The 5 day cycle projection is 3815-30. The low end of the range was hit in the overnight session. Hourly indicators have edged to the sell side, but remain high in positive territory, which means that the uptrend is still intact. A couple of trendlines come together at 3805 as of now - 6:45 AM ET. If they break, then we could see some downside. I saw signs of a vicious short squeeze yesterday as stocks that were on sell signals reversed and got bought heavily and relentlessly. Once that burns out we should see a downdraft. But I'm not ready to place any bets on it yet. On the other side of the coin, on intraday charts almost everything that was on buy signals looks extended and primed for a pullback. Only if they break 3795 is any significant downside likely. Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 This former penny stock - FTFT- broke out yesterday. I found the corporate summary on Reuters amusing, the last sentence in particular. Quote Future Fintech Group Inc is a china-based company mainly engaged in the research, development and application of blockchain technology. The main businesses of the Company include a shopping platform, Chain Cloud Mall (CCM), which is based on blockchain technology; an online cross-border e-commerce platform (NONOGIRL); a blockchain-based application incubator and a digital payment system (DCON), and the application and development of blockchain-based e-commerce technology and financial technology. The Company is also involved in the production and sale of fruit juice concentrates and fruit beverages. Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 Quote NEW YORK, Jan. 7, 2021 /PRNewswire/ -- Future FinTech Group Inc.(NASDAQ:FTFT, ", , Future Fintech", , , ", , FTFT", , or ", , Company", , ))))), a leading blockchain based e-commerce company and a financial technology service provider, announced today that on December 31, 2020, China Copyright Protection Center ("CCPC") has accepted the Company's application for ten software copyrights relating to blockchain technology applications, which the Company first submitted for CCPC's review in June 2020. The Company has been developing and improving an anti-counterfeiting and tracing system by using the blockchain technology for its blockchain based e-commerce platform Chain Cloud Mall (CCM). The system not only issues unique anti-counterfeiting QR codes to trace the products and ensure their authenticity, it also provides anti-counterfeiting points to consumers. After consumers are rewarded with such points, they can receive discounts and other benefits, and ultimately realize "no counterfeit in the CCM, value-added shopping experience, and more traffic and business for the stores in CCM." With the research, development and improvement of software used in the anti-counterfeiting and tracing system with the blockchain technology, the Company has developed ten software with blockchain technology that is apply for copyrights. They are: 1. blockchain credit points discount settlement system; 2. blockchain credit points circulation monitoring system; 3. legal currency and credit points synchronization settlement system; 4. blockchain credit points flow system; 5. agent automatic profit distribution system; 6. agent automatic tax deduction and accounting system; 7. manufacturer automatic accounting system; 8. e-commerce and blockchain anti-counterfeiting linkage system; 9. blockchain discount and promotion automatic balance system; 10. blockchain real-name authentication and legal responsibility system. In recent years, blockchain applications have been more and more used in the real life and daily economics, such as traditional manufacturing, e-commerce, financial industry to save transaction and labor costs, reduce the raw material consumption, simplify the payment process. Zhi Yan, General Manager of the CCM said, "The system we built is simply a blockchain based credit point reward and settlement center for our online shopping mall. Anti-counterfeiting and rewarding system in e-commerce is only the first application of this technology. Our supply chain system, contract farming system, and order management system may also use this technology. Our application of software copyrights will protect our intellectual property rights and help us further improve the blockchain based system of CCM." Sounds perfectly legit. I'm gonna buy 10 shares. Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 Never bet more than you can afford to lose. Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 One word. Blockchain. It's the future. Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 🤡 Link to comment Share on other sites More sharing options...
BurntOnce Posted January 8, 2021 Report Share Posted January 8, 2021 a bit frothy. a little sqqq seems like the appropriate remedy. Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 2 hours ago, DrStool said: One word. Blockchain. It's the future. Better yet. China blockchain. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 8, 2021 Report Share Posted January 8, 2021 Blockbuster......VHS is the future..... Link to comment Share on other sites More sharing options...
Jorma Posted January 8, 2021 Report Share Posted January 8, 2021 9 minutes ago, MisFit Kid said: Blockbuster......VHS is the future..... Don't remind me. I bet on Beta. Link to comment Share on other sites More sharing options...
Jorma Posted January 8, 2021 Report Share Posted January 8, 2021 I'm thinking inflation will come from supply chain breakdowns. Timing is the issue. Days, weeks, years? Link to comment Share on other sites More sharing options...
Jorma Posted January 8, 2021 Report Share Posted January 8, 2021 This is fun Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 It was a coup. It was planned. It was run from the White House. Top Capitol Police brass were in on it. Or were "just following orders." Link to comment Share on other sites More sharing options...
DrStool Posted January 8, 2021 Author Report Share Posted January 8, 2021 Lindsay Williams interviewed me a little earlier today. https://iono.fm/e/978748 Link to comment Share on other sites More sharing options...
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