BreakOut Posted September 20, 2021 Report Share Posted September 20, 2021 2 minutes ago, DrStool said: I believe the corporate supply both equities and fixed income are what is crushing this market. This has been going on for months. It's like a cancer that's finally taking a toll. I warned about this a couple years ago. I said that stock BuyBacks were two-way street. I wrote that once the stock prices reached a certain permanently high plateau, the supply will come out of the woodwork. Even the Fed. Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 20, 2021 Report Share Posted September 20, 2021 At the risk of posting at or near an intraday bottom, may I submit the late, great John Candy. Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2021 Author Report Share Posted September 20, 2021 2 hours ago, BreakOut said: Even the Fed. Excellent point. Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 20, 2021 Report Share Posted September 20, 2021 If NQ doesn't try to get up off the mat somewhere around here, I'm about out of ideas. Maybe 14837-ish or even the 8/19 low at 14710? Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2021 Author Report Share Posted September 20, 2021 Don't look now, but I just saw that they hit the bottom of the ES (S&P futures) megaphone pattern that started on July 26. Here's the 4 hour bar perspective. Gonna be awe inspiring if it breaks. Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2021 Author Report Share Posted September 20, 2021 They're pressing the bottom of the megaphone, aka broadening pattern, aka broadening top, when they break down. Link to comment Share on other sites More sharing options...
potatohead Posted September 20, 2021 Report Share Posted September 20, 2021 may have to have the BLS statistically massage the shape of that megaphone. Give it more convexity at the end. That should hold the passive index crowd together.... Link to comment Share on other sites More sharing options...
jp6 Posted September 20, 2021 Report Share Posted September 20, 2021 On bear forum only 2 pages when we are going to have Bigger crash then Y2K or 2007. Last 30 Min will be very interesting. Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2021 Author Report Share Posted September 20, 2021 I don't think this is gonna stop at 4305. 5 day cycle projection could be 4285. I fucking blew it this morning when I said I'd hold off tracking the new short picks until 3 PM price. What a moron. Should never try to guess what the market will do during the day 2 hours beforehand. Trade what the intraday chart shows you. Link to comment Share on other sites More sharing options...
Mkucstars Posted September 20, 2021 Report Share Posted September 20, 2021 That's some horn! Lol Link to comment Share on other sites More sharing options...
Mkucstars Posted September 20, 2021 Report Share Posted September 20, 2021 Its trying to bounce, all hope is not lost... yet. Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 20, 2021 Report Share Posted September 20, 2021 3 minutes ago, Mkucstars said: Its trying to bounce, all hope is not lost... yet. Option A, or Option B? Link to comment Share on other sites More sharing options...
Mkucstars Posted September 20, 2021 Report Share Posted September 20, 2021 A please, B is too brutal! Lol Link to comment Share on other sites More sharing options...
jp6 Posted September 20, 2021 Report Share Posted September 20, 2021 Most likely Tomorrow will have Red candle close. then you know for sure we are dealing with Bearmarket Link to comment Share on other sites More sharing options...
Mkucstars Posted September 20, 2021 Report Share Posted September 20, 2021 Luring the suckers to hold overnight for the next gap down Link to comment Share on other sites More sharing options...
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