DrStool Posted August 18, 2021 Report Share Posted August 18, 2021 We've been here before. Hard to say where this is going, although in view of the Four Laws of Markodynamics, I have to give the benefit of the doubt to the upside. Key numbers are spport at 4442 and 4435. If they hold, we go up up and away. If they don't, then targets today and tomorrow would be 4430 and 4418. Again, woopdedoo. And now for your longer term listening and dining pleasure: Chart Picks – 25 Buy Signals and 41 Sell Signals Give Us These Picks Gold’s Rebound Increases the Risk So You Really Think the Fed Can Taper? Here Are the Stock Market’s Latest Targets 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...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 Testing using my phone for wifi. Please disregard this post. DO NOT READ! Repeat. DO NOT READ! This is a test. This is only a test in preparation for my move to my next Communist era luxury tenement high rise apartment. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 It works, fast. That is all. We now return to our regularly scheduled children's pre school programming. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 Thoughts for the day: I didn't realize that Pierre Cardano was a cryptocurrency. I used to have a couple of their sweaters and sport jackets. Back when I wore sport jackets. Do other men in my age bracket also find themselves needing suspenders with their trousers? And Bermudas? Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 18, 2021 Report Share Posted August 18, 2021 NQ has been waiting for Godot since August 5. Battle lines look pretty well set for now. It really can't be this easy, can it? Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 No decision yet, but hourly oscillator patterns are potentially very bullish. All that's needed is a breakout above 4453. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 So now we gotta watch 4435 on the downside. Punch through that and we're looking at 4429, or 4426 gadferbid. Link to comment Share on other sites More sharing options...
jp6 Posted August 18, 2021 Report Share Posted August 18, 2021 So far Looks like all 5 waves are not Complete on Dow 3rd of September is an anniversary of 1929 Crash so should see 36K or under to finish all waves. last year 3rd of September was also short term Top. September top works Better then August top. On monthly chart August will have Green candle. Possible Red candle on September Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 If they break 4435, we'd be looking at a 5 day cycle projection of 4415. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 hourly oscillators no longer look so bullish. I rate them neutral to slightly negative now. They missed their chance. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 If this market was a dog, it just had the zoomies. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 2 hours ago, DrStool said: If they break 4435, we'd be looking at a 5 day cycle projection of 4415. Cut through that like a hot knife through warm buttah. 5 day cycle projection now 4395. Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 4395-4400 Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted August 18, 2021 Author Report Share Posted August 18, 2021 14 minutes ago, DrStool said: 4395-4400 Now 4385. Link to comment Share on other sites More sharing options...
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