DrStool Posted October 6, 2021 Report Share Posted October 6, 2021 The 2-3 day cycle projection is 4245. 5 day is 4220. 4280 and 4270 are critical sport levels. Get the big picture in your inbox every weekend. 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 October 6, 2021 Report Share Posted October 6, 2021 If my dates are right then Bottom will be in on 8th October then Scam week will be up. Most likely it will be a huge gap up on Monday. Scam week will be bad for Bears that will bring 28 days cycle from top will come in play. that will be very bad for bulls. See how it played out last time. 3 red candle is all bears will get until 28/29 days come in play. Dates rules the market. which will be confirm during the scam week. How big the bounce will be? Don't get fooled into believing world is about to end. On 9/27/2021 at 11:47 AM, jp6 said: C wave went up more then expected. By today or tomorrow all upside will be over. SPX around 4485/4495 (SPX around 4485/4495, Done already or few Hrs after market opens.) I believe top is already in on Dow which was on 16th August. Today is 29 trading days from top. If one look at the McClellan Summation Index it's under Zero where bad thing does happen. All it need is another push down and waterfall will begin. Link to comment Share on other sites More sharing options...
jp6 Posted October 6, 2021 Report Share Posted October 6, 2021 What we have is morning Rush to close the Gap. Which isn't going to get filled That will get filled during scam week. Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2021 Author Report Share Posted October 6, 2021 BTFD lives. Link to comment Share on other sites More sharing options...
PullMyFinger Posted October 6, 2021 Report Share Posted October 6, 2021 One of those days where you can make--and lose--a lot of money scalping the NQ. But I'm way too slow of a blinker for this stuff. Need lessons from my 10 year old grandson. He's a whiz with an Xbox. Link to comment Share on other sites More sharing options...
jp6 Posted October 6, 2021 Report Share Posted October 6, 2021 Most of the downside will be tomorrow and Friday and may close above the low. Be careful that you don't get stuck with the shorts. Link to comment Share on other sites More sharing options...
PullMyFinger Posted October 6, 2021 Report Share Posted October 6, 2021 3 minutes ago, jp6 said: Most of the downside will be tomorrow and Friday and may close above the low. Be careful that you don't get stuck with the shorts. T.H. Murrey instructed his trading students to always be on the lookout for important highs and lows around October 10 each year. Some years it happens and some it doesn't, but it has happened frequently enough over the last 25 years or so that I always take notice. Link to comment Share on other sites More sharing options...
jp6 Posted October 6, 2021 Report Share Posted October 6, 2021 10 minutes ago, PullMyFinger said: T.H. Murrey instructed his trading students to always be on the lookout for important highs and lows around October 10 each year. Some years it happens and some it doesn't, but it has happened frequently enough over the last 25 years or so that I always take notice. Hope it's not Important Bottom. Thanks Link to comment Share on other sites More sharing options...
jp6 Posted October 6, 2021 Report Share Posted October 6, 2021 looks like there is a fight between bulls and bears. On one Minutes DOW chart there is Triangle developing. Link to comment Share on other sites More sharing options...
PullMyFinger Posted October 6, 2021 Report Share Posted October 6, 2021 2 minutes ago, jp6 said: Hope it's not Important Bottom. Thanks Friday is 8th and Monday is 11th, so I guess we shall see what this year holds. I was previously thinking we might decline into mid-month, then rally, so it fits that timeline I guess. But now I'm wondering if we don't go lower toward the end of the month. I'm so turned around right now I don't know whether to crap or wind my watch. Thankful for Doc's Technical Trader and Liquidity Trader publications. Keeps me somewhat sane. Which they tell me is a pretty big job. 🙂 Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2021 Author Report Share Posted October 6, 2021 Got some triangulation going on . Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2021 Author Report Share Posted October 6, 2021 1 hour ago, PullMyFinger said: Friday is 8th and Monday is 11th, so I guess we shall see what this year holds. I was previously thinking we might decline into mid-month, then rally, so it fits that timeline I guess. But now I'm wondering if we don't go lower toward the end of the month. I'm so turned around right now I don't know whether to crap or wind my watch. Thankful for Doc's Technical Trader and Liquidity Trader publications. Keeps me somewhat sane. Which they tell me is a pretty big job. 🙂 Dungs a lot and tanks a million for the kind words! Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2021 Author Report Share Posted October 6, 2021 More Krakow- https://200daysineurope.com/krakow/ Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2021 Author Report Share Posted October 6, 2021 My friend Chris Whalen says that there's no culture of corruption at the Fed, while writing a post that summarizes the proof that there is. Of course, QE is inherently corrupt. It rewards speculation, corporate self dealing, and financial engineering parasitism, while punishing honest thrift flowing from hard work and honest values. Link to comment Share on other sites More sharing options...
Mkucstars Posted October 6, 2021 Report Share Posted October 6, 2021 Tooth hurty, (2:30) time for the wind to change...? Been hitting the turns today, up over 5% Link to comment Share on other sites More sharing options...
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