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DrStool

Member Since 02 Feb 2001
Offline Last Active Yesterday, 07:24 PM
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#930732 World Stock Markets Trading Discussion- Involuntary interactions

Posted by DrStool on 07 May 2018 - 10:41 AM

Bears retake control under 2672


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#930074 World Stock Markets Trading Discussion - Greasy grind

Posted by DrStool on 29 March 2018 - 11:01 AM

This isn't fun.  


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#929947 World Stock Markets Trading Discussion - Billowy bravado

Posted by DrStool on 22 March 2018 - 11:39 AM

I've had top billing on Money Morning twice this week. Today again.  Woohoo! I'm excited.    :D


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#929841 World Stock Markets Trading Discussion - Windblown wishes

Posted by DrStool on 19 March 2018 - 10:55 AM

There were multiple support lines on the hourly at 2733. Now resistance way in the rear view mirror. I see no likely support till around 2675. 


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#929818 World Stock Markets Trading Discussion - Vestigal verdigris

Posted by DrStool on 17 March 2018 - 12:11 AM

We could see the start of a substantial sell off Monday, probably.  (one slightly more degree of positive than maybe) :lol:

I can't help but notice the Dow is a textbook Elliott contracting triangle  The common move out is equal to the base (wave a ) and that would take us right to the upper channel trendline of the entire bull market from 2009 on monthly semi-log chart.  A non-limiting feature in this triangle indicates it has a good likelihood of going further. Each wave is in precise Fibonacci ratio to the base wave a:  b=.68a, c=.50a d=.38a.  You don't see them with such perfect fractal symmetry very often. The bad news is with a triangle in this position the complete move down can only be seen as much larger degree A, not as bearish if it were a Wave 3 with massive impulsive structure.  But first things first.  I will be using that bottom trendline of the triangle to trigger a short position trade.  I am comfortably retired and not privy to daytrading especially when the weather is nice out but sometimes I like to play the biotechs intraday when the market has got a solid intermediate trend going.  Good luck trading everyone.  I am becoming much more concerned about the escalating chaos within our White House than the markets.  I have never witnessed anything like this in my lifetime and I have lived through an awful lot of shit!

 

Great post! 


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#929812 World Stock Markets Trading Discussion - Vestigal verdigris

Posted by DrStool on 16 March 2018 - 03:17 PM

In French, they call this "Distribution."


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#929511 World Stock Markets Trading Discussion - Jittery jungle

Posted by DrStool on 01 March 2018 - 12:34 PM

At least the market is moving like a market. You know?  Up and down.  Not in those days long forced marches higher.

 

It's all about the Q of M. 


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#929242 World Stock Markets Trading Discussion - Tenacious tentacles

Posted by DrStool on 13 February 2018 - 12:06 PM

Just broke the 5 day cycle MA. 


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#928586 World Stock Markets Trading Discussion - Burning bridges

Posted by DrStool on 22 January 2018 - 05:15 PM

The Street Dot Con had a headline that essentially called bears the dumbest bastards on earth. We're gettin close. 


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