DrStool Posted March 10, 2022 Report Share Posted March 10, 2022 Market technicians often use math in their work. Fartcalls are one aspect of that. They are repeating patterns in different time frames, usually after meals where fiber nachos are consumed. Here we see such a chart, and wonder if, on the repetition of this fartcall, will things come out the same? Another solid dropping as liquidity dries up? Here's how it looks on the 5 hour bars. I recognize that the subtlety of this pattern may be too arcane to easily recognize, so let's zoom in on the usual one hour bars. We see that the biggest downtrends remain intact, but so does the 2 day uptrend that was beginning overnight yesterday when I made the "Beautiful Bottom" call at around 4:30 in the morning New York time. It was as obvious as those things get. Now we have a moment of truth where we find out whether this shortest of uptrends can hang on, or whether it goes the way of the right ears on the two previous face plant fartcalls. Here at 11 AM in Europe, and 5 AM in NY, we're seeing a sport line convergence around 4245-50 being tested. If it breaks, the bears will have the ball. If it holds, bulls are still in charge. Looking ahead to the first half hour of regular New York trading, 4245 will still be the key sport level. Between there and 4280 is the battle zone where the outcome will be uncertain. Above 4280, bulls will be in the driver's seat but it won't be easy going. There are multiple resistance lines every 10-20 points overhead that should be difficult to penetrate. Meanwhile, the big picture: Gold Breaks Out of Massive Long Term High Base, Miners Surge Fewer Picks Remain But Still 100% Short, With Gains Why I Don’t Care that Short Term Indicators Are Bullish Withholding Tax Surge in February was All Inflation Liquidity With Eyes Glued to Ukraine 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 March 10, 2022 Author Report Share Posted March 10, 2022 2 of 3 hourly oscillators have edged to 5 day cycle sell signals. Momentum is the lone holdout. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2022 Author Report Share Posted March 10, 2022 Bitcoin Crash to be Triggered at 37,800 Link to comment Share on other sites More sharing options...
Jimbo Posted March 10, 2022 Report Share Posted March 10, 2022 THE INTELLIGENT INVESTOR AND INFLATION Now that inflation is raging. As I predicted way back in March 2020. I was reading chapter 2 of the Intelligent Investor. The chapter on inflation just does not make the grade. It needs to be rewirtten and expanded. It does not address the issue of wealth trasfer via inflation from lenders to borrowers. A very important omission. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2022 Author Report Share Posted March 10, 2022 The Last Week Has Been a Gift Selling Opportunity For Bondholders Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2022 Author Report Share Posted March 10, 2022 Just got back from looking at apartments. This market used to be cheap. It's not cheap anymore. And anything nice gets snapped up as soon as it hits the market. I got a solid deal on my FL property yesterday. Priced it 8% above the highest comparable, and got a cash deal at my price. 50% more than it would have sold for a year ago. There is absolutely no inventory on the market in S. FL. Anything decent that comes on the market sells instantly. Link to comment Share on other sites More sharing options...
Jimi Posted March 10, 2022 Report Share Posted March 10, 2022 53 minutes ago, DrStool said: Just got back from looking at apartments. This market used to be cheap. It's not cheap anymore. And anything nice gets snapped up as soon as it hits the market. I got a solid deal on my FL property yesterday. Priced it 8% above the highest comparable, and got a cash deal at my price. 50% more than it would have sold for a year ago. There is absolutely no inventory on the market in S. FL. Anything decent that comes on the market sells instantly. Does it make you reconsider Nice? Is there better value still available in, say, Menton? Link to comment Share on other sites More sharing options...
BurntOnce Posted March 10, 2022 Report Share Posted March 10, 2022 it's a sluggish start for March Madness. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2022 Author Report Share Posted March 10, 2022 Menton is more expensive. Cannes is about 10% cheaper. I prefer Nice. I just love the vibe here, plus it's gorgeous. So is Cannes of course. But Nice has the big city vibe that I love. Cannes is great, but a little pretentious. Full of itself. Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2022 Author Report Share Posted March 10, 2022 Menton prices are all over the lot. More expensive in many cases because many apartments have spectacular views. Without a view prices are comparable to Nice. I don't know Menton at all. I know Cannes and Antibes pretty well. Not a fan of Antibes. Cannes would be my second choice. Link to comment Share on other sites More sharing options...
Jimbo Posted March 10, 2022 Report Share Posted March 10, 2022 The invasion of the housing snatchers House prices now set by private equity. Just as stock prices set by pe house prices now set by pe. The FED has turned housing into an attractive investment for the PE crowd. All funded by the money printer and the magic of the 30 year mortgage. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 10, 2022 Report Share Posted March 10, 2022 1 hour ago, BurntOnce said: it's a sluggish start for March Madness. Zags took care of St Mary's the other night.....I had it on my computer, in the background. Both are in the big dance, of course Zag's are probably a #1 Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 10, 2022 Report Share Posted March 10, 2022 where would the SPX be without those 1 minute rip jobs higher........ >: and to think King AAPL is down a fiver...... >:: and according to ESPN, MLB lockout is ending..... Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 10, 2022 Report Share Posted March 10, 2022 So the FED Put is at 4200, right........ Link to comment Share on other sites More sharing options...
DrStool Posted March 10, 2022 Author Report Share Posted March 10, 2022 A bullish finish. Link to comment Share on other sites More sharing options...
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