DrStool Posted December 1, 2020 Report Share Posted December 1, 2020 Bears are wimpy. They can't even stick to it for a whole day any more. Let's face it. We're pathetic. I came into yesterday long in my trading account, which I no longer day trade because all the money is made overnight, and NY days are spent in atrial fibrillation. So I gulp and hold. I went out yesterday longer than when I came in. It sucks, but gotta not fight the tape, and not fight the Fed. Even on days when the Fed ain't pulling its weight, like yesterday and Tamara. Here for your viewing pleasure is today at 6:40 AM in NY. My reading of this says that we are testing the high, and have hit a 5 day cycle projection of 3634. So they "should" pull back. BUT, the hourly indicators are bullish. And the 2-3 day cycle projection is 3695. A breakout could lead to a fearsome move. This whole pattern from 3500 to 3660 could be seen as a base for a launch to 3800+. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 3665 and 3668 are the Maginot Lines. Link to comment Share on other sites More sharing options...
Jorma Posted December 1, 2020 Report Share Posted December 1, 2020 How in the hell do the PD's allow this to happen? TNX spiking the day after a gigantic auction. By the way, get a load of the monthly TNX chart and the MACD. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 5 day cycle projection now looks 3695. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 28 minutes ago, Jorma said: How in the hell do the PD's allow this to happen? TNX spiking the day after a gigantic auction. By the way, get a load of the monthly TNX chart and the MACD. Post it! Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 Marbles. Here. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 B.O. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 Well the euro broke out through $1.20. I am experiencing hyperinflation. Fortunately I don't eat much. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 Well, I am flat. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 Not short, mind you. Was trading 90% from the long side today. Scalped a few shorts. Feel like I want to have a few shorts overnight. But I don't see much. Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 The longs have moved. They look played out. Gotta be worried about those bonds, right? Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted December 1, 2020 Report Share Posted December 1, 2020 I'm under water in an UBER short. Come on in, the water is fine. Also, the cruise lines, they're irresistible.... Can I interest you an a bloated exercise bike company that has exhausted demand for its overhyped product? Link to comment Share on other sites More sharing options...
DrStool Posted December 1, 2020 Author Report Share Posted December 1, 2020 Day ends with 2-3 day cycle projection of 3680, which they didn't make. 5 day cycle projection pulled back to 3677. That they hit. Felt bearish. We'll see. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.