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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.

I see what you did there. Being a smart al-Lech. 🙂

Here's the 2 hour bar chart. While we still have an hourly bear market, the 5 day cycle count and pattern of the past two weeks certainly looks base-y. The levels to watch on the downside are 4327 and 4309. Break those and we could have a bear party. Here's the one hour bar look. Dare I say it looks bullish? Bulls need to clear 4375 and 4400 to give this Count Basie some upside rhythm. This is just the intraday look. For more: Head and Shoulders Above Get the big picture in your inbox every weekend. 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.

I passed. 5 day cycle projection 4385.

We should all be working to help prevent FB from ever coming back on line.

I'm about to take a nice walk back to Krakow Glowny station for the train ride back to Warsaw. I love Krakow, a freakishly charming, beautiful, quintessentially European city. I would love to live here.

We need a brutal depression. Wipe out all the bad loans and bury the bankrupt holders & originators. Forever. Under a fresh mound of salted soil. Pile high an insolvency pyre: use the politicians & the central bankers as kindling and ignite it with a flamethrower. Wipe out all the millionaires & billionaires whose vast wealth originated from purchase of financial securities. Let them join the bulging ranks of America's underclass. Let them go hungry. And worry... endlessly... day to day. And from the wreckage, let us rebuild something of substance that pays tribute to the inheritance we mindlessly pissed away.

These guys are 3 dimensional chess players. But there's another dimension.