DrStool Posted May 4, 2021 Report Share Posted May 4, 2021 They've been zigging and zagging, and shaking and shucking. The dealers are trying to shake the tree, I think, as the US Treasury continues to pour phenomenal amounts of money into the markets, on top of the Fed's QE. Meanwhile, they're trying to turn the 5 day cycle up here. If they clear 4180 in the 6-7 AM hour in New York, that would be a go. If they don't, I'd look for support around 4172 for starters. If you are a new visitor here, 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. Stock Market Wobbly But Refusing to Break LEE ADLER 2 - TECHNICAL TRADER MAY 2, 2021 Out of Gas – Swing Trade Picks For Week of May 3, 2021 LEE ADLER 2 - TECHNICAL TRADER MAY 2, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 Gold Going Nowhere, But We Have Mining Picks to Swing LEE ADLER 3 - GOLD TRADER MAY 4, 2021 Link to comment Share on other sites More sharing options...
SiP Posted May 4, 2021 Report Share Posted May 4, 2021 Its all priced in. Time to sell. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 I've been writing and missed the bottom dropping out. WTF. 5 day cycle projection 4153. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 7 minutes ago, SiP said: Its all priced in. Time to sell. The concept of "pricing in" is Wall Street bullshit. Liquidity is what matters, and the TA should reflect it. Link to comment Share on other sites More sharing options...
Mkucstars Posted May 4, 2021 Report Share Posted May 4, 2021 Yes but just because they have cash doesn't mean they have to buy stonks. Link to comment Share on other sites More sharing options...
Mkucstars Posted May 4, 2021 Report Share Posted May 4, 2021 I'm watching for a bounce, made $1500 So far today shorting qqq and iwm. In the bank! Let them buy the dip, I'm selling the rip. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 Investing.com charts are down. Bullish or bearish? Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 I'm still blind here on the fucutures. Link to comment Share on other sites More sharing options...
Mkucstars Posted May 4, 2021 Report Share Posted May 4, 2021 I'M below 50 day average now. Trying to bounce, but there is no bounce. Link to comment Share on other sites More sharing options...
Mkucstars Posted May 4, 2021 Report Share Posted May 4, 2021 IWM, DAMN SPELL CORRECT Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 Charts are back, my templates aren't. I'm still blind on the overall mkt. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 Consistent with a disorderly crash. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 There's nothing like flying in clouds without instruments. Link to comment Share on other sites More sharing options...
DrStool Posted May 4, 2021 Author Report Share Posted May 4, 2021 But it's ok. I can handle it. I stayed at a Holiday Inn Express last night. And all of my swing trade picks were shorts for this week. That helps. 😂 Link to comment Share on other sites More sharing options...
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