DrStool Posted November 16, 2021 Report Share Posted November 16, 2021 The ES S&P fugutures may have set a 5 day cycle low in the wee hours this morning. They look poised to move higher here again after making yet another higher low. Pullbacks just ain't what they used to be. Right? Bears would need to take out 4675 to have hope of a reprieve, but there are multiple sport lines down to 4666, bwahahahaha, that would also need to be taken out. Fat chance. Meanwhile, the challenge on the upside would be to break through 4702. Then we'd look for a retest of the highs. For more on the big picture and elsewhere: Benefit of the Doubt to the Upside Until Proven Otherwise The Fed Pulls The Plug, Macro Liquidity Cruiser Starts Its Turn Buys and Sells in Balance in Swing Trade Screens Gold Cycle Projections Hold Good News Why Jerome Powell Had a Frog In His Throat Link to comment Share on other sites More sharing options...
Jorma Posted November 16, 2021 Report Share Posted November 16, 2021 Would you pay $59,000 for this? Well it was only $51,200 on New Years day but there have been 8 price increases since then. This isn't about inflation so much, it's about how whacked Tesla is. This isn't the place to clutter up with such entertaining stories of the day but there is something about this one that really rings my bell. https://jalopnik.com/a-tesla-model-y-will-now-cost-you-over-60-000-1848062028 Link to comment Share on other sites More sharing options...
BreakOut Posted November 16, 2021 Report Share Posted November 16, 2021 Must be the Corinthian leather. Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 16, 2021 Report Share Posted November 16, 2021 Just think how much a YUGO would cost with the right Carnival Barker/PR/Govt. Gravy.........😀 Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 2 hours ago, BreakOut said: Must be the Corinthian leather. RICH Corinthian Leather Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 5 day cycle projection 4735 Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 when is a top a bottom? Link to comment Share on other sites More sharing options...
PullMyFinger Posted November 16, 2021 Report Share Posted November 16, 2021 20 minutes ago, DrStool said: when is a top a bottom? "Phrased differently: when is "low" and when is "high"?" J.M. Hurst, The Profit Magic of Stock Transaction Timing, p. 21. Doc, I bought Hurst's book from your bookstore about 137 years ago. Hurst's quote has stuck with me for a long time. Still haven't finished it, but I just picked it up again the other day. I usually bog down somewhere in Chapter 3. One of these days I gotta finish it. Maybe this time I will make it all the way through. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 Who is Hurst? What bookstore? Today is my birthday, but I don't remember which one. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 Gallows humor. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 I'm so old, I can't remember When I was 64. Link to comment Share on other sites More sharing options...
Jorma Posted November 16, 2021 Report Share Posted November 16, 2021 There are very few of us left who remember the McKinley administration. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 or Taft. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2021 Author Report Share Posted November 16, 2021 I remember voting for Stevenson. Link to comment Share on other sites More sharing options...
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