DrStool

5 day cycle projection 5020, done.

No pundit ever needs to be wrong in this business. You just have to know how to make predictions. If you know how to do that, then you can be right 100% of the time.

Covered that ass!

I was out for a few hours. This was not supposed to happen. Can I get a rerun?

Thing about Joe. He was often wrong, but never in doubt. And truthfully, I learned a lot from him. I still use OBV as one input for my stock screens and picks.

What do earnings have to do with the stock market? Absolutely nothing! What do interest rates have to do with the stock market? Absolutely nothing! What does the economy have to do with the stock market? Absolutely nothing! What does the stock market have to do with the stock market? Absolutely nothing!

Joe!

Yesterday, no one correctly identified our mystery guest, so we will have new contestants attempt it today, on What's My Line, with John Daly, Dorothy Kilgallen (corrected, not kilogallon), Bennet Cerf, Arlene Francis, and Steve Allen. New gold update coming later this morning but first, Back to the Gold Old Days 4/9/24. Also posted a warning yesterday, Incoming! Little bears, get under your desks and cover your heads with your arms. Warning Signs Abound, But Ignore Them for Now As for the here and now, the bottom is in, he will see you now. By the way, in France when it's time to see the doctor, he just pops out and comes for you. And they are always on time. Like the trains. OK, not the trains all the time. The ES, 24 hour S&P futures suggest at least a 5 day cycle low, but the up phase hasn't gotten off the ground and we don't know if it will. Looks like a nice base for a rally, but they might decide to just chop and slop and then break down. Key level is 5080 on the top of the range to get something going all the way to the next resistance level of 5093 woopdedoo. Next one above that would be 5110. Looking down, there's a spport line at 5033. Break that and they could plunge all the way to 5028 where there's some old spport. And then all the way to 5000 where lower channel descending spport comes in around 2:30 turn time. No More Downside The hourly cycle oscillators are bullish but only approaching zero from below. A little push up today would get those into positive territory which would suggest acceleration. On the other hand, stall and rollover from this level, and shorting might be in order. For moron the markets, see: Warning Signs Abound, But Ignore Them for Now April 16, 2024 Swing Trade Screen Picks – List Shrinks With Good Profits April 15, 2024 No More Downside April 15, 2024 Back to the Gold Old Days 4/9/24 April 9, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 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 folder.

My memory failed me.

Incoming

Back to the Gold Old Days

What's My Line, with John Daly, Bennet Cerf, Arlene Francis, Steve Allen and Kitty Kilgallen

Explosive rally we got going here

Alrighty then.