DrStool Posted July 19, 2021 Report Share Posted July 19, 2021 Because he's a knockoff. 4 hours ago, Jimi said: Captain Kurtz meets Robert Pirsig. That's what comes to mind when reading about your passage through Poland, Doc. May you find what you seek. Meanwhile, it's the middle of the night in New Jerk, Asia is in later afternoon trading, and Your Rope has yet to open. As usual, Asia has copied the US market and continued the selloff. They've almost reached an apparent 5 day cycle projection of 4290, and 5 day cycle indicators are getting bottomy, or, rather, bottomish. No doubt Europe will reverse the overnight selling as the Europeans tend to be an optimistic bunch about the US fucutures. They also happen to be swimming in an ocean of ECB QE. Finally, we have the rest of the Fed's regular monthly MBS settlements, coming today and Wednesday, around $40 billion across the two days, on top of last week's $83 billion. Most of that was funneled into the Treasury market. There's evidence to suggest that that has run its course. I'll be posting a short report on that over at Liquidity Trader Money Trends later today. Don't miss a market trick! Sign up today for a 90 day risk free trial. Meanwhile, as for the longer term stock market technical outlook - Here’s What Friday’s Selloff Means for Our Future If you are a new visitor to the Stool, 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. If you're interested in following my photo journal, my latest shots from Warsaw, a dynamic, un-Europe-like city, are on my Instagram page. Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 Chart Picks – This Market is Hamburger Link to comment Share on other sites More sharing options...
GregFokker Posted July 19, 2021 Report Share Posted July 19, 2021 Didn't expect to need those lower sport levels in this morning's subscriber report 😮 Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 Something's happenin' here. What it is ain't exactly clear. But a 5 day cycle projection has been hit and is already done. Here's the 2 hour bars for perspective. The breakdown from the top pattern measures to 4185. Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 As I update the hourly bars, this chart makes a case for a 5 day cycle projection of 4225. Link to comment Share on other sites More sharing options...
BurntOnce Posted July 19, 2021 Report Share Posted July 19, 2021 Heart of Darkness best describes current events. that book is eternally at my bedside. Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 5 day cycle projection points to 4200 now. Here's the 2 hour bars again. Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 Looks to me like they need to clear 4248 to break the crash. Link to comment Share on other sites More sharing options...
potatohead Posted July 19, 2021 Report Share Posted July 19, 2021 this is getting real scary....this website should have 3 pages of bearish commentary so far today..... Link to comment Share on other sites More sharing options...
GregFokker Posted July 19, 2021 Report Share Posted July 19, 2021 Along with a few pix of cargo ships tanking, mushroom clouds, Wile E. Coyote Acme-fails or cliff-dives, etc. Link to comment Share on other sites More sharing options...
GregFokker Posted July 19, 2021 Report Share Posted July 19, 2021 Matter of fact, I had just finished closing my last bearish position and selling some naked puts on Suncor. Add that to your list of scary short term bearish indicators 💩 Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 Whooaaaaa. New low. Link to comment Share on other sites More sharing options...
MisFit Kid Posted July 19, 2021 Report Share Posted July 19, 2021 OK........For old times sake....... Link to comment Share on other sites More sharing options...
DrStool Posted July 19, 2021 Author Report Share Posted July 19, 2021 2-3 day cycle projection 4185. Link to comment Share on other sites More sharing options...
BurntOnce Posted July 19, 2021 Report Share Posted July 19, 2021 the NYTs business had an article on fuel cell companies taking leaps Question: what is the byproduct of combusting hydrogen? Answer: water So what the f are we doing burning fossil fuels? Link to comment Share on other sites More sharing options...
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