DrStool Posted September 23, 2021 Report Share Posted September 23, 2021 After watching and reacting to yesterday's Paramount Cavalcade of Lies Performance in real time, I really don't have much to add. I rolled my eyes so much that my stomach is still turning today. What a farce. Criminal. The farce is that anyone believes the Fed's constant stream of lies to cover up their criminal rigging of the system to benefit only their cronies and themselves at the expense of society's most vulnerable and least able to participate in the Fed's scam. That's the extent of my editorializing this morning. Now on with our Daily Show. Yesterday I left here with a 5 day cycle projection of 4440 or fight. Now at 6 AM in NY, that's almost been done. But hark! The 5 day cycle projection is now 4463. Will it get there. Only the Shadow of Wall Street knows. I sure don't. However, I note that there's a pile of resistance at 4440, hourly oscillators are quite extended and starting to diverge, so possibly this will be Little Big Horn. However, if they clear this hurdle, there are wide open spaces well into the 4460s. So If they do get through 4440, then that's the next likely target. Conversely, they're attacking minor trend support at 4416 right here just after 6 AM. If broken, look for a pullback to 4400. Holding that would still be bullish for the bigger picture today. They'd have to break 4390 to get me looking for more downside. 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. Meanwhile, for your longer term infotainment and edification: Stock Market on the Brink Get Ready for the Coming Bond Market Bloodbath When Hope Is Not a Good Thing Lots of Sell Signals Again From Friday’s Swing Trade Screen Useless Banking Indicators Except for One Giant Red Flag Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 Ok I'm shorting here. Now. Sellers gonna sell. Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 Pumped up b.s. market. I got stops, not crazy but I'm not buying this. Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 23, 2021 Report Share Posted September 23, 2021 5 minutes ago, Mkucstars said: Pumped up b.s. market. I got stops, not crazy but I'm not buying this. At times like these, it's often helpful to remember Doc's Rules #1, #2, and #3. Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 I'm betting we kiss the 50 day average on the s&p and finish below. We are there. Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 I got profits to bet with, take 'em if you can... Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 Small caps rolling over, rest to follow Link to comment Share on other sites More sharing options...
MisFit Kid Posted September 23, 2021 Report Share Posted September 23, 2021 re-subtantiation day , over and over again........... Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 I was a bit early... still have conviction. Link to comment Share on other sites More sharing options...
Mkucstars Posted September 23, 2021 Report Share Posted September 23, 2021 Maybe it's commitment... yes, I should be committed. Link to comment Share on other sites More sharing options...
DrStool Posted September 23, 2021 Author Report Share Posted September 23, 2021 5 day cycle projection now 4490. What is Rule Number 3? See Rules 1 and 2? 😁 Link to comment Share on other sites More sharing options...
potatohead Posted September 23, 2021 Report Share Posted September 23, 2021 Lee, nice call on Bonds....The Fed and Treasury are obviously using their propaganda to hide what Lee has uncovered. The whole thing is a liquidity issue and the tapering is the excuse for why bond prices are falling, but in reality it is the supply that is coming like a tsunami. Link to comment Share on other sites More sharing options...
DrStool Posted September 23, 2021 Author Report Share Posted September 23, 2021 Liquidity Matters, The Fed’s BS Doesn’t Link to comment Share on other sites More sharing options...
DrStool Posted September 23, 2021 Author Report Share Posted September 23, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted September 23, 2021 Author Report Share Posted September 23, 2021 1 hour ago, potatohead said: Lee, nice call on Bonds....The Fed and Treasury are obviously using their propaganda to hide what Lee has uncovered. The whole thing is a liquidity issue and the tapering is the excuse for why bond prices are falling, but in reality it is the supply that is coming like a tsunami. The market is choking even with the current reduced level of supply. Wait until they pour it on after the debt ceiling is lifted. Link to comment Share on other sites More sharing options...
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