DrStool Posted August 16, 2021 Report Share Posted August 16, 2021 Courtesy of jp6. I'll be back with the morning intraday look after I finish the Swing Trade Chart Picks report. 16 hours ago, jp6 said: data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw== And now for your longer term listening and dining pleasure: So You Really Think the Fed Can Taper? Here Are the Stock Market’s Latest Targets Gold is Facing the Kiss of Death US Economy Just Went Over a Cliff 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. Link to comment Share on other sites More sharing options...
jp6 Posted August 16, 2021 Report Share Posted August 16, 2021 Once Gold consolidation is over, Most likely it's going to head south. It's following 2011 top then triple lower top was in 2012 but couldn't make triple top like 2012. I like buying low and selling High so No PM holding until there is flush out. No Miners at all. Buy gold at the Bottom then miners not the other way around Reverse Repo are Not bullish in my view. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 RRPs will merely buy time to stave off disaster once the debt ceiling is lifted. https://liquiditytrader.com/index.php/2021/08/13/tax-collections-vs-treasury-supply-can-the-fed-taper/ Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 Focusing on today. When in the course of human events, fucutures take a dump in the morning, what's so unusual about that. Most of us take a dump in the morning. Or, in the case of Europe, mid day. The ES dropped to a support convergence. Now if the ES drops through that, then you'd be talkin! At the moment I've got a 5 day cycle projection of 4444. They got close. But the hourly cycle indicators look as bearish as I've seen them since I don't remember, so maybe, just maybe, this could be the start of something good. Chart Picks – 25 Buy Signals and 41 Sell Signals Give Us These Picks LEE ADLER 2 - TECHNICAL TRADER AUGUST 16, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 I don't see a pattern. Do you see a pattern? Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 5 day cycle projection 4440-42. Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 16, 2021 Report Share Posted August 16, 2021 NQ just came within a whisper of Thursday's low that started a launch. Will it be different this time? Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 16, 2021 Report Share Posted August 16, 2021 30M. Pierced Thursday's low, but so what until a candle or two close below the line happens. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 Boing. Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 16, 2021 Report Share Posted August 16, 2021 Playing with numbers this morning. I added a couple of 1/8ths on each side of the 0/8 and 8/8 lines on the earlier 30M NQ chart to make a 12 note octave. From the 8/8 move (blue horizontal to blue horizontal) of Thursday's low to Friday's high, the market declined an exact 9/8 (112.5%), from where it started to bounce this morning. Good old Murrey Math, which is borrowed from Gann's angles course. It's almost as if markets aren't random. 🙂 Link to comment Share on other sites More sharing options...
BurntOnce Posted August 16, 2021 Report Share Posted August 16, 2021 EHT Wins in Historic Legal Case Against the FCC Winning appeal filed after the FCC refuses to update their 24 year old wireless radiation limits. In Historic Decision, Federal Court Orders FCC to Explain Why It Ignored Scientific Evidence Showing Harm from Wireless Radiation United States Court of Appeals for the District of Columbia Circuit judges in favor of environmental health groups and petitioners; finds FCC violated the Administrative Procedure Act and failed to respond to comments on environmental harm. https://ehtrust.org/ehtlegalaction-againstfcconhealtheffectsofcellphones/ Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 It's a dip. What do we do with dips, class? Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 16, 2021 Report Share Posted August 16, 2021 9 minutes ago, DrStool said: It's a dip. What do we do with dips, class? Open a bag of these? Link to comment Share on other sites More sharing options...
DrStool Posted August 16, 2021 Author Report Share Posted August 16, 2021 Just signed my lease. 18th floor penthouse studio downtown near the river. Fabulous view. Great location. Gonna settle in till the end of the year, then on to France, I hope. Link to comment Share on other sites More sharing options...
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