Jump to content

4305 or Dive 6/23/21


Recommended Posts

Yep, that was the 5 day cycle projection as of 1 AM in New York. It implied that resistance at 4242, 4248, and 4248, would be non factors, or at least not much. An old megaphone line now at 4274, and another one at 4284 could be.  

But then the fucutures pulled back just a little between 2 AM and 5 AM. That broke the 2 day uptrend channel and put 5 day cycle oscillators on sell signals. If this pullback doesn't stop at somewhere around 4230, it could mean pahtay ovah.  Below 4225, and bears could drive. Below 4205 would open the trap door for a crash. 

So which will it be? Let's key on the 4225-4230 area for a signal. 

image.png

If you are a new visitor, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.  

Meanwhile,

Pick List Longs Escape With Flying Colors, Now for the Shorts

Flying Blind, But They Warned Us

 

That Got Ugly Fast

Link to comment
Share on other sites

  • Replies 22
  • Created
  • Last Reply

THE FEDS EXERCISE IN SCHRODINGIAN EXPANSION

What is the FED doing right now??????

It is expanding the schrodingian uncertainty box where in lies its future actions.

Creating maximum confusion as to its future actions.

This of course is the oppposite to Schrodingian contraction.

Its taper talk is just that ....talk.

Synthetic Negative QE.

I think the inflation trades are still good.

Blackrock obviously agrees having just bought $6 billion in houses.

Financed I presume with a lot of low rate long dated debt to give the investment a high J Number.

The FED by its interest rate supression activites, money printing, direct bond buying and schrodingian expansion, is actually increasing the J number of this type of investment.

After all if your Blackrock why not go along for the free ride provided by the FED.

Link to comment
Share on other sites

41 minutes ago, Mkucstars said:

LOL, I see I am talking to myself. Am I the last remaining bear? One can only hope...

Yep. I wish more people were here, but the fact that they're not could be a bearish sign. 

Link to comment
Share on other sites

I got 80% of the way to the top and said WTF are you doing up here, idiot? At that point, I turned around and stumbled back down, ripping up my old man legs in the nettles on the hillside. 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...