DrStool Posted February 14, 2022 Report Share Posted February 14, 2022 Can you see it? I have zoomed out to two hour bars for to help you. Whenever this pattern has appeared in the past, such as in February 1973, the outcome has always been. Now let's take a look at the usual one hour bars. A 5 day cycle low has failed to get off the ground. Now, class, what can happen when bottoms fail at the outset? You know the answer, come on. That's right, the market can crash. It doesn't mean that it will. We can always get a false break then a vicious whipsaw. But it does raise the odds from highly unlikely to somewhat likely. For now major support is around 4275-80, and the 5 day cycle projection is only 4315-4295. If they do take out 4275, then the measured move implication would be 3860. But no worries. I think that it would take more than one day to get there. For the big technical picture see: Beware! The Market Has Followed My Script Meanwhile, it looks like the yield on the 10 year Treasury has put in a short term top. But actually, it needs to break 1.91 to be mildly confirmed. And it needs to break the trend in the 1.85 area to be more than just a minor pullback. Which of course, it isn't. Fed Gets the Inflation It Wanted, But Wait There’s More! Meanwhile, the buttcoin (BTC) hasn't broken its bearish trend yet either. It needs to clear 44k to break the downtrend, and 46k to confirm an uptrend. Meanwhile, my gamble to wait to buy the geuro seems to have been a good one. It's taking a bead on 1.11. At that point I might buy some, but wait and see on the balance. Because if it breaks 1.11, it's going much lower. My US doodahs will appreciate even further against the geuros. Currency pairs are all about relative monetary tightness. You know. My central bank is tighter than your central bank. Nyahnyah, nyahnyahnyah! Waiting for Gold Oh 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 14, 2022 Author Report Share Posted February 14, 2022 The Faceplant now measures to 4250. 5 day cycle projection is only 4330. That's also a big sport level. Link to comment Share on other sites More sharing options...
potatohead Posted February 14, 2022 Report Share Posted February 14, 2022 Would love to see Jon Stewart interview Lee Adler, especially after this interview with former President and CEO of the Federal Reserve Bank of Kansas City Thomas Hoenig https://www.youtube.com/watch?v=psSYiidw-v0 Link to comment Share on other sites More sharing options...
DrStool Posted February 14, 2022 Author Report Share Posted February 14, 2022 Gritty! Link to comment Share on other sites More sharing options...
DrStool Posted February 14, 2022 Author Report Share Posted February 14, 2022 Another few points and we'll have clear buy signals on the 3-5 day cycle oscillators. That would be confirmed by a breakout through 4436. Link to comment Share on other sites More sharing options...
Jorma Posted February 14, 2022 Report Share Posted February 14, 2022 Liberté, Egalité, Gritté Link to comment Share on other sites More sharing options...
potatohead Posted February 14, 2022 Report Share Posted February 14, 2022 80 COUNTERPARTIES TAKE $1.666 TRLN AT FED REVERSE REPO OPERATION. Players using RRP as a security blanket? Link to comment Share on other sites More sharing options...
DrStool Posted February 14, 2022 Author Report Share Posted February 14, 2022 The failure of the hourly oscillators to complete the upturn at this level, combined with a breakdown below 4361 would make this a full fledged crash setup. Link to comment Share on other sites More sharing options...
DrStool Posted February 14, 2022 Author Report Share Posted February 14, 2022 8 minutes ago, potatohead said: 80 COUNTERPARTIES TAKE $1.666 TRLN AT FED REVERSE REPO OPERATION. Players using RRP as a security blanket? It's like having paper FRNs in a vault, just easier to use for anything other than going to the Wawa, or buying drugs on the street. Link to comment Share on other sites More sharing options...
DrStool Posted February 14, 2022 Author Report Share Posted February 14, 2022 Now it's a double bottom with a positive divergence. They could still turn it up here. Link to comment Share on other sites More sharing options...
Jimi Posted February 14, 2022 Report Share Posted February 14, 2022 7 minutes ago, DrStool said: Now it's a double bottom with a positive divergence. They could still turn it up here. State Department reportedly ordered destruction of computers in Kiev. We are going to go out on lows - that's my expectation. Link to comment Share on other sites More sharing options...
Jimi Posted February 14, 2022 Report Share Posted February 14, 2022 I am always wrong. Always... always... always. That's why I almost never voice anything directional. Or positional. Or situational. JFC... I held hopes out for the Bungles. But when they were down 3 with 2nd & 1 at midfield, 0:54 on the clock with a timeout, did they pound the ball/QB sneak to grind out the 1st down? No... no, they did not. They put Burrow in the shotgun 3 freaking times in a row. 2nd & 1 with a timeout... down a field goal. And the game ended... with the Bungholes still in possession of that timeout. Incomprehensible. Link to comment Share on other sites More sharing options...
Jimi Posted February 14, 2022 Report Share Posted February 14, 2022 I stand corrected. Bung-holes had TWO timeouts on 2nd & 1. They only went into the post-season with one of them... 🙄 2nd & 1 at LAR 49 (0:54 - 4th) (No Huddle, Shotgun) J.Burrow pass incomplete deep right to J.Chase. 3rd & 1 at LAR 49 (0:48 - 4th) (Shotgun) S.Perine right tackle to LA 49 for no gain (G.Gaines; A.Donald). (0:43 - 4th) Timeout #2 by CIN at 00:43. 4th & 1 at LAR 49 (0:43 - 4th) (Shotgun) J.Burrow pass incomplete short right to S.Perine [A.Donald]. END OF GAME1 PLAY, -1 YARD, 0:39 Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 14, 2022 Report Share Posted February 14, 2022 Sam Wyche is rolling in his grave....... Link to comment Share on other sites More sharing options...
DrStool Posted February 14, 2022 Author Report Share Posted February 14, 2022 Was the Super Bowl today? Link to comment Share on other sites More sharing options...
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