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Mixed Bag May Hold October Bear Treats 10/4/21


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ES pulled back to trendline and is now trying to get rolling to the upside. 2-3 day cycle projection is 4390. That would set up a short term uptrend channel, but would not break out of what could be a base for a bigger move. We'll have to withhold judgment on that until we get there. 

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I'm about to take a nice walk back to Krakow Glowny station for the train ride back to Warsaw. I love Krakow, a freakishly charming, beautiful, quintessentially European city. I would love to live here.  

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Some folks on the interwebs are circulating a Forbes link to an old story (like years) about Chine local govt financing vehicles (LGFV)s being a way bigger problem than Evergrande.  Every few years the amount goes up by some equally uncountable number.  When I first sawr it a week ago, I searched and found the same story going back at least 7 or 8 years, always quantified in the trillions of dollars.

So, in short, c'est du n'importe quoi.

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