DrStool Posted February 25, 2021 Report Share Posted February 25, 2021 Bonds are crashing. Will stonks follow? My answer to that question since I began forecasting a bond crash months ago has been, Yes. The question is when. That I can't answer, which is why I do TA every day. I'm always looking for those signs of trend change. Last week I wasn't getting them. I doubted that the selloff would stick, so with my weekly chart picks for Technical Trader subscribers, I ignored the many stonks with sell signals from the screens, added no shorts, and kept adding longs. I did so because the sell signals were virtually universally in the context of uptrends. That usually means you get a short pullback, then the BTFD crowd comes in and the rallies resume. Which is exactly what happens. I'll short em, when those uptrends have built top patterns. Before that, trying to pick exact tops is a fools errand. OK, I'm a fool, but I'm lazy. I don't like to do errands. At this point, my decision to avoid shorts and add longs looks to have been the correct judgement and strategy. Many of the 14 longs that I added to the chart pick list two weeks ago, and the 5 more last week did get stopped out in the selloff. But those that have remained are running, and have made up for the small stopout losses. I'm definitely on tenterhooks here, however. I've given all of the picks simple trailing stop formulas raising the stops by a fixed amount each day, following the trendlines upward. A hard down day would take most of them out with nice profits. But if the market keeps running, we stay in and ride the trend, until it does break. As a young man looking to build my fortune for a wealthy retirement****, Lee- in front of the Croatian central bank last summer, for a Croatian business magazine. ***Attention new guests. This is a SARCASM ALERT. Repeat. This is a SARCASM ALERT. I have been using the daily technical screens for my own trading account. Early yesterday, seeing opportunity, as a new acolyte of Ron Germy Segal, of the the Whoreton School, at the U of P, I built a broadly diversified portfolio of STONKS FOR THE LONG HOLE. They ended the day nicely profitable. I am nervous as shit about it. But, like my underwear, I don't want my stops too tight, either. You need to give the things room to breathe, both in your underwear, and your stonks portfolio. At least for now. The 5 day cycle projection yesterday was 3945-50. That has now risen to 3970-75. Click to engorge The measured move target of the inverse head and shoulders breakout was also 3975. Do I think we'll get there? Well, I hate to say it, but since I'm holding only longs, I hope so. But alas, hope is the enema of the trader. We know what comes after the enema. To post your observations, 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. Treasury Announces It Will Inject ANOTHER $25 Billion For $125 Billion Weekly Total Treasury Announces It Will Inject ANOTHER $41 Billion Next Week Bulletin! Treasury Paying Down $55 BILLION RIGHT NOW to AVERT CATASTROPHE! Treasury Joins Fed to Try to Prevent Imminent System Collapse Primary Dealers are Already Dead Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money Link to comment Share on other sites More sharing options...
Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 A perfect two headed double top head and shoulders pattern on the 30 minute bars. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 Return to the scene of the crime hot stove touch. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 Channel break Link to comment Share on other sites More sharing options...
PullMyFinger Posted February 25, 2021 Report Share Posted February 25, 2021 GME up another almost 70+% in the premarket to add on to yesterday's 100+% gain. Since when is replacing your CFO bullish? I thought it was a harbinger of something wicked this way comes. I worked for a publicly traded company in late 90's/early 00's that went through four CFOs in about 2 years before ultimately being delisted by the NYSE. The market did not treat any of the replacements as bullish events. They were all apparently devoted family guys, as each of them stepped away to "spend more time with their families." Ah, good times. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 There's another one just below. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 The end of the world is nigh. I actually bought a couple of european numbers yesterday that had earnings beats this morning, and are up rather comfortably. Sell Mortimer sell. True story. I had no idea they were reporting, and did not check to see. They were simply buy signals spit out by my technical screens. Not all of them work like that. Some go t'other way. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 Nuckin futs Link to comment Share on other sites More sharing options...
potatohead Posted February 25, 2021 Report Share Posted February 25, 2021 5 hours ago, DrStool said: Bonds are crashing. Will stonks follow? My answer to that question since I began forecasting a bond crash months ago has been, Yes. The question is when. That I can't answer, which is why I do TA every day. I'm always looking for those signs of trend change. Last week I wasn't getting them. I doubted that the selloff would stick, so with my weekly chart picks for Technical Trader subscribers, I ignored the many stonks with sell signals from the screens, added no shorts, and kept adding longs. I did so because the sell signals were virtually universally in the context of uptrends. That usually means you get a short pullback, then the BTFD crowd comes in and the rallies resume. Which is exactly what happens. I'll short em, when those uptrends have built top patterns. Before that, trying to pick exact tops is a fools errand. OK, I'm a fool, but I'm lazy. I don't like to do errands. At this point, my decision to avoid shorts and add longs looks to have been the correct judgement and strategy. Many of the 14 longs that I added to the chart pick list two weeks ago, and the 5 more last week did get stopped out in the selloff. But those that have remained are running, and have made up for the small stopout losses. I'm definitely on tenterhooks here, however. I've given all of the picks simple trailing stop formulas raising the stops by a fixed amount each day, following the trendlines upward. A hard down day would take most of them out with nice profits. But if the market keeps running, we stay in and ride the trend, until it does break. As a young man looking to build my fortune for a wealthy retirement****, Lee- in front of the Croatian central bank last summer, for a Croatian business magazine. ***Attention new guests. This is a SARCASM ALERT. Repeat. This is a SARCASM ALERT. I have been using the daily technical screens for my own trading account. Early yesterday, seeing opportunity, as a new acolyte of Ron Germy Segal, of the the Whoreton School, at the U of P, I built a broadly diversified portfolio of STONKS FOR THE LONG HOLE. They ended the day nicely profitable. I am nervous as shit about it. But, like my underwear, I don't want my stops too tight, either. You need to give the things room to breathe, both in your underwear, and your stonks portfolio. At least for now. The 5 day cycle projection yesterday was 3945-50. That has now risen to 3970-75. Click to engorge The measured move target of the inverse head and shoulders breakout was also 3975. Do I think we'll get there? Well, I hate to say it, but since I'm holding only longs, I hope so. But alas, hope is the enema of the trader. We know what comes after the enema. To post your observations, 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. Treasury Announces It Will Inject ANOTHER $25 Billion For $125 Billion Weekly Total Treasury Announces It Will Inject ANOTHER $41 Billion Next Week Bulletin! Treasury Paying Down $55 BILLION RIGHT NOW to AVERT CATASTROPHE! Treasury Joins Fed to Try to Prevent Imminent System Collapse Primary Dealers are Already Dead Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money love the Easy Rider look!!! Link to comment Share on other sites More sharing options...
Jimi Posted February 25, 2021 Report Share Posted February 25, 2021 10-year. gonna leave a mark. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 Bouncing off the next sport level. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 4 minutes ago, potatohead said: love the Easy Rider look!!! The pro look never worked. This is me. T-shirt, sun glasses in the collar, scruff. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2021 Author Report Share Posted February 25, 2021 I wear two kinds of T-shirts. Short sleeve, and long sleeve. Link to comment Share on other sites More sharing options...
T_Slim Posted February 25, 2021 Report Share Posted February 25, 2021 This market. I don't have any words. All I can do is shake me head and laugh. Lee, thanks for all you do man. Link to comment Share on other sites More sharing options...
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