DrStool Posted December 8, 2021 Report Share Posted December 8, 2021 That, ladies and germs, is just the 5 day cycle projection. The measured move target of the base breakout is 4820. But I don't expect that to happen today. At least not in the first hour. Maybe the second. Bwahaha. Not funny. Not funnier is that upon clearing 4720, the implied target would be 4950. Do, I hear 5000. Of course, why not. More later! Meanwhile, the big picture. What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens Here’s Why Truncated 6 and 12 Month Cycles Are Scary Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast Here’s What to Key on With Gold on the Brink of Failure Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens When the Fed Balance Sheet Will Hit the Fan 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...
Jorma Posted December 8, 2021 Report Share Posted December 8, 2021 Looks like the old Dragon Pattern to me. Link to comment Share on other sites More sharing options...
Jorma Posted December 8, 2021 Report Share Posted December 8, 2021 I decided to look for news and I guess I found it. To go with the dragon theme. https://asiatimes.com/2021/12/china-lends-helping-hand-to-cash-starved-property-developers/ Link to comment Share on other sites More sharing options...
DrStool Posted December 8, 2021 Author Report Share Posted December 8, 2021 I think that the announcement of a debt ceiling deal is the end of the line. The quintessential "sell the news" moment. One for the ages. Link to comment Share on other sites More sharing options...
DrStool Posted December 8, 2021 Author Report Share Posted December 8, 2021 A Level One Failed Breakout would be a drop below 4665. A Defcon Five Failed breakout would require a drop below 4608. Link to comment Share on other sites More sharing options...
Jorma Posted December 8, 2021 Report Share Posted December 8, 2021 "The legislation outlines that Congress would have to specify the exact dollar amount of a new national debt limit -- likely north of $30 trillion. The fast-track process would expire after January 15." The limit now is 28.4. So it looks like 1 1/2 or 2 TN. That should keep the market busy for awhile. Link to comment Share on other sites More sharing options...
Jorma Posted December 8, 2021 Report Share Posted December 8, 2021 It's definitely the Dragon Pattern. Are there any Chinese technicians to tell us what it means? Link to comment Share on other sites More sharing options...
DrStool Posted December 8, 2021 Author Report Share Posted December 8, 2021 Almost 600 Covid deaths today in Poland. Country has 1/8th US population. Lowest vax rate of EU countries except Croatia and Bulgaria. Link to comment Share on other sites More sharing options...
DrStool Posted December 8, 2021 Author Report Share Posted December 8, 2021 1 hour ago, Jorma said: It's definitely the Dragon Pattern. Are there any Chinese technicians to tell us what it means? Brontosaurus. And it had it's front legs in a hole when it started. This could be significant. Link to comment Share on other sites More sharing options...
DrStool Posted December 8, 2021 Author Report Share Posted December 8, 2021 This thing will rocket higher if they clear 4713, but a rollover is also possible at this point. Last two hours today are big. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 8, 2021 Report Share Posted December 8, 2021 one year target on alibaba is 212, currently price 126. crapple's target is 170, 4 points less than the current price. are these chinermen investable material? Link to comment Share on other sites More sharing options...
DrStool Posted December 8, 2021 Author Report Share Posted December 8, 2021 Which way out of this stall? Hmmm? Link to comment Share on other sites More sharing options...
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