DrStool Posted October 28, 2020 Report Share Posted October 28, 2020 I'm not sure, but I think I see signs that the US markets might gap down this morning. One can never be sure about these things, but my 53 years of watching markets virtually every day gives me an advantage. I can see the faintest suggestions of market direction that other people can't. Although one can never be sure, can one? Anyway, this chart says that the 5 day cycle projection is 3310, give or take 10 points, here at 6:10 AM in New Yawk. Obviously, there are multiple support lines 3335-40. If they give way, should trigger a wave of selling. Click to engorge. So, what do you think? Dicsucs! Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 As I go through my Metastock personal screens for good day trading setups, I have not found a single chart that looks like a good buy. Everything is sell, sell, sell. Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 Probably means we're close to a bottom. Any time things get lopsided, you can count on them going the other way. Many of the Technical Trader long side picks have gotten stopped out with small gains or slight losses. Unfortunately, had only a handful of shorts, and of course, they're doing extremely well. I elected to make one new pick conditional on hitting a limit. It didn't. Too bad. From the opening price on Monday, it's down about 15%. These picks are published a day before the market opens, so it's tricky, especially with a low priced stock like that one. Monday Monday, Can’t Trust That Day 2 - TECHNICAL TRADER OCTOBER 26, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 Have to ask myself why in the world, stodgy consumer staple stocks are suddenly acting so shitty. They're either breaking down, or on the verge of breaking down. Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 Another sector with multiple sells popping up is insurance. They look godawful. Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 What is the narrative, Kenneth? Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 So, I'm looking at this chart that has gone from 6-20 since March. I'm thinking, must be some hot tech stock, right. Company name is Mosaic. MOS. Yeah, hot tech stock. Right. They make fucking fertilizer fergodsakes. They're a bullshit refiner. What a market. Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 I'm doing what I can to help reverse this. Europe Lost 60% Of Its Jewish Population In 50 Years One small step for a Jew. One giant leap for Jewishkind. Link to comment Share on other sites More sharing options...
Jorma Posted October 28, 2020 Report Share Posted October 28, 2020 Psssst. SRS. A few hundred bucks worth could be like a lottery ticket, like it was in 08. Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 Good grief. Look at this thing. 5 day cycle projection drops to 3270. Trend support 3300. Click to engorge. Link to comment Share on other sites More sharing options...
itiswhatitis Posted October 28, 2020 Report Share Posted October 28, 2020 1 hour ago, DrStool said: I'm doing what I can to help reverse this. Europe Lost 60% Of Its Jewish Population In 50 Years One small step for a Jew. One giant leap for Jewishkind. You met a fertile woman? Have fun!!! Link to comment Share on other sites More sharing options...
GregFokker Posted October 28, 2020 Report Share Posted October 28, 2020 😄 Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 54 minutes ago, itiswhatitis said: You met a fertile woman? Have fun!!! Too late for that. Link to comment Share on other sites More sharing options...
Jorma Posted October 28, 2020 Report Share Posted October 28, 2020 Wow. We are down for the month. The horror! Link to comment Share on other sites More sharing options...
DrStool Posted October 28, 2020 Author Report Share Posted October 28, 2020 3 hours ago, DrStool said: Good grief. Look at this thing. 5 day cycle projection drops to 3270. Got to 3275. Close enough for gummit work. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.