Ya know, I'm starting to think that being a stock market anal cyst is just like being a realtor. You only need to know two phrases to be successful. "It's a good time to buy, because it's going higher even from these lofty levels", and "It's a good time to buy, because the market is down."
And you know what? With a rare exception that maybe lasts a month or so, that has been on the mark for 12+ years now.
Like I said, I'm in a mood today. At least I'm godly enough to keep going long most every day. 🤡 Made my weekly target and it's only Tuesday, but man do I feel dirty and like it is undeserved. Shouldn't be this easy. Therefore, I'm heading to the beach. Maybe we get a brief directional change today or something. Catch y'all tamara!
Because I think Sunday was the site's 21st birthday.
It's like Christmas. Nobody knows when Jesus was born, but everybody believes in Christmas. Even the Jews and Chinese. It's the day all we Jews go out for Chinese food.
Bulls are taking no prisoners. Heavy bear casualties reported on the frontlines.
5 day cycle projection 4620.
Run away. Run away.
It's just a flesh wound.
Bring out your dead anyway.
I guess it is a good thing that fundamentals do not matter to us technical trading types. Otherwise, we might look askance at trillion-dollar market cap Tesla, with its whopping choice of four EV models and five available exterior colors. GM and Ford on the other hand, global ventures with a dizzying array of models, engine technologies, and options from which to choose, have market caps of $84 and $64 billion respectively.
As long as I'm in a mood today, can anyone explain why crapvision.com breathlessly reports on Cathie Wood's every move with fawning adulation? Has anyone looked at that Ark Invest's key holdings? They don't look all that innovative or cutting edge to me. But then again I'm an idiot.
Pretty obvious that the older I get, the dumber I get. Would have hoped for the reverse by now, but no such luck.
OK, that was a typo, but I liked it and decided to go with it. 😁
If you don't think bears are in trouble here. Think again. I'll start with a 5 hour bar chart on the S&P bear fucutures. This high base breakout has a measured move target of 4800.
The good news is that I don't think it will get there today.
The bad news is that the last line of defense is 4605. That's the last double secret resistance area. Beyond that abandon hope, all ye and youses who enter here. The gates of bear hell are open.
So let's downshift to the hourly bars. The 5 day cycle projection is 4590. But the way is clear to 4600. Should get a pullback from somewhere around there, but sport is coming up fast. They would need to break 4575 to get anything at all going on the downside.
This is just the intraday look. For more:
Stocks Look Ready for Another Liftoff
More Sells Than Buys in Screen, But I Added Two Buys This Week
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US Treasury Says, More Beans, Mr. Taggart!
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"The excrement bubbles, the century slime decays, and the brainwashing government lackeys
would have us say it's under control."
>: Snot is Running down his nose.........
You would think that I could come up with a more clickbaity headline than that, but alas, it is what it is. The S&P fucutures have been hovering just above the 4535-45 support band on the chart all night.
Where do I think they go from here? Why, up of course. 😑
Or maybe down for a bit if they break 4535. But there's more sport around 4515-18. They'd need to break that to get a real downdraft going.
This is just the intraday look. For more: Stocks Look Ready for Another Liftoff
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How many were here when in 2007 stocks and inflation were going to the Moon.
2007 Housing collapse everyone ignored it. Now 2021 China has the same problems. One thing for sure excess liquidity from china won't be coming to west. Since CCP is running the show in China. Price of apartment may not go down much and may make it impossible to sell their apartments. there will be no more apartment construction Boom.
will they buy more raw material from Australia or Buy real estate in west?
Remember what happened to Japan after Bubble deflated.
Checkout HYG and Move Index which are linked to Bond Market.
https://www.scmp.com/magazines/style/news-trends/article/3091222/japan-1980s-when-tokyos-imperial-palace-was-worth-more
https://corporate.nordea.com/article/67806/china-im-forever-blowing-bubbles-how-bad-is-the-situation-in-chinese-real-estate
We did get a huge bounce and was more then ,618.
Now we have Double top like 2007 also Have H&S on Dow. NDX is making lower High similar to Dow 2007. Spx is making slightly higher high then September top.
Believe that Dow would make it to 36K. should have realise when it wasn't going down according to plan that it will be like 2007. slightly higher high. Not like Y2K or 1929.
What we will see a distribution then Plunge.
1974 Bottom to 1987 top was 662 weeks
2007 Bottom to 2021 top if it's 662 weeks would come to 8th November. I believe It will come before 8th November.
Here are some charts showing You 2007 top and H&S on Dow. neckline is from 1929 top, 2000 Top. There is a good chance that Dow will hit 36K before it's all over.
NDX should not takeout 15510 on closing price then Bearish scenario may begin week commencing 25th October or by 8th November. Most likely it will be over before 8th. November.
