DrStool Posted February 10, 2022 Report Share Posted February 10, 2022 Definitions from Oxford Languages wend Learn to pronounce gerund or present participle: wending go in a specified direction, typically slowly or by an indirect route. "they wended their way across the city" Merrily we wend along, wend along, wend along Heading for 4613. The latest 5 day cycle projection. The measured move target of the base breakout was 4600-4610. Hey, why not! Unfortunately for bears, if they break 4494.80 on the ES, S&P fugutures, that would make a higher high, which would confirm an uptrend and call into question whether we are in the first leg of a bear market. Raggedy Market Has Ambitions The purple line on the chart is buttcoin. Stocks had been the buttcoin with a one or two day lag until last week. Since I noticed that, now they're out of sync, of course. Here's the daily chart of BTC. It's at a very interesting juncture as it attacks the upper channel parallel. A move above 45,500 would be bullish. Below 43,500, bearish. Meanwhile the bond bear market, which I called almost from the beginning, is now 18 months along, and still in its early stages, in my view. The 1 year cycle projection is 2.0-2.10 and the high base breakout conventional measured move target is 2.35-2.40. This time, I don't think the Fed has a magic bullet out of this. Don’t Be Fooled, The Economy is Still Growing And Still Bearish On to the yellow stuff, Goldilocks some gains. This is the hourly view. Rising steadily, but still stuck in this infernal range. Waiting for Gold Oh That's all for now, folks! 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...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 Is zis zee zee top? Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 kaboom Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 Here they come. Inflation is bullish because stocks are a hedge against it. That's what they told us in the 60s and 70s. Buy stocks to hedge against inflation. Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 I turn away for 30 minutes and find that you didn't do your jobs! I'm very disappointed. Link to comment Share on other sites More sharing options...
PullMyFinger Posted February 10, 2022 Report Share Posted February 10, 2022 Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 Oop there it is. Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 But of course, they sit on it and rotate. Into stocks. Like a hot poker up the ass. Link to comment Share on other sites More sharing options...
Jorma Posted February 10, 2022 Report Share Posted February 10, 2022 In order to get Elon's base on Mars, which is directive #1, several hundred trillion will be needed. The banking system isn't up to the task so it's crypto, I guess. Link to comment Share on other sites More sharing options...
potatohead Posted February 10, 2022 Report Share Posted February 10, 2022 Lee, I see a lot of confidence in the Fed and Lorie Logan, yet the yields continue to back up while RRP remains near highs, does it feel like the spinning top is beginning to wobble? Link to comment Share on other sites More sharing options...
Jorma Posted February 10, 2022 Report Share Posted February 10, 2022 TNX makes the big 2. Congrats. Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2022 Author Report Share Posted February 10, 2022 1 hour ago, potatohead said: Lee, I see a lot of confidence in the Fed and Lorie Logan, yet the yields continue to back up while RRP remains near highs, does it feel like the spinning top is beginning to wobble? Just finishing a report. To be posted within an hour. I don't understand these guys' jargon, but as usual, they're behind the 8 ball. I expected the RRPs to be drawn down up until a month ago. But it's not happening. I took note of it in the last report, and gave my inferences from that. More to come in this report, but on the RRPs, just repeating what I wrote on Feb 3. Link to comment Share on other sites More sharing options...
potatohead Posted February 10, 2022 Report Share Posted February 10, 2022 3 minutes ago, DrStool said: Just finishing a report. To be posted within an hour. I don't understand these guys' jargon, but as usual, they're behind the 8 ball. I expected the RRPs to be drawn down up until a month ago. But it's not happening. I took note of it in the last report, and gave my inferences from that. More to come in this report, but on the RRPs, just repeating what I wrote on Feb 3. at this point, you have been right on the mark. very logical and measured approach. love the constructive humor as well. Link to comment Share on other sites More sharing options...
No Einstein Posted February 10, 2022 Report Share Posted February 10, 2022 23 hours ago, DrStool said: They haven't touched the RRP cash yet. They're doing this with smoke, mirrors, and payday loans. exactly to my point.....other tools...just wait for the blow off top that takes 8 or 9 months to complete... ___________________________________________________________________________________________________________________ I woke up at 2am with a start...I realized that my response was stupid...to clarify...which may also be stupid but it will be at the least different stupid. What i meant was. "..... just wait till they start using the RRP to keep this BULL alive for 8 or 9 months as it blows off.. Link to comment Share on other sites More sharing options...
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