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DrStool

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DrStool last won the day on October 13

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    Del Boca Vista Condo Retirement Home and Community

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    Chief of Stock Proctology

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Dean of Stock Proctology (9/9)

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  1. 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.
  2. Little did I know when I designed the Capitalstool logo that it would predict the direction of the market for the next 21 years.
  3. You're just not godly enough. Repent now! Or forever hold your codpiece.
  4. 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.
  5. 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 Get the big picture in your inbox every weekend. Get your regular updates on all things monetary, and what that means for stonks. US Treasury Says, More Beans, Mr. Taggart! 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.
  6. Double secret resistance at 4575 holds despite 5 day cycle projection 4580. Good night and good luck.
  7. Looks like you were buying for the others at the table. 😁
  8. 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 Get the big picture in your inbox every weekend. Get your regular updates on all things monetary, and what that means for stonks. Our Outlook On the Money 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.
  9. Well, some other weak end we'll have a weak end. Chow, and Ciao. and Czesc!
  10. DWAC? Are you gonna make me google that? They sure are taking their time.
  11. US stock prices are rising again today, thanks to strong fundamental economic growth driven by free market capitalism. The rising tide of unfettered economic growth with no central bank interference means that stock prices should rise every day. And they do. What a world! All members of society will be rich, as the free market distributes wealth to all segments of society equally. Today is no exception. As you can see from this 2 hour bar chart, the market is now lifting off from a massive base. That base followed the terrible, and completely unnecessary September Bear Market of Blessed Memory. According to the rules of Modern Technical Analysis (aka MTA- change at 63rd Street for the Q line), all patterns are bullish, and the Measured Move Target (MMT, as derived) of 4680... Or 4860, I forget. Besides WTF difference does it make. Here's the one hour bar look. There's no 5 day cycle projection yet. But fear not, intrepid bulls. The 2-3 day cycle projection is 4580. That coincides roughly with trend resistance indicated around 4575 on the hourly chart. This is just the intraday look. For more: Bullish Intermediate Term Omens Get the big picture in your inbox every weekend. Meanwhile, check out BTC again. One thing I've noticed about it is that it tends to honor chart patterns and Hurst Cycle projections. Today it is pulling back from the top of its channel. Note that this is on a semilog scale, showing equal percentage moves vertically. "Orderly" personified. It now has projections of 71,000 and 91,000, as shown on the chart. And the conventional measured move target of this high base breakout is 101,000 give or take a few shekels. And from the archives of, "That looks familiar. Where have I seen it before?" I present, this. The 10 year Treasury yield chart. Oh, yeah. This will end well. Thou shalt not fight the trend, saith the Load. https://www.youtube.com/watch?v=DFvKWqUPmLU Get your regular updates on all things monetary, and what that means for stonks. Our Outlook On the Money 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.
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