DrStool Posted August 27, 2021 Report Share Posted August 27, 2021 4484. That's the approximate center of the new range on the ES S&P 500 futures. Which looks a lot like the old range. It's just wider. Any trading between 4488 and 4502 now is essentially noise. Not much you can do with an often crossed range of less than 1%. There are resistance lines about every 2-3 points on the way back up and only a little air to 4469 in a fall. Even when they break the range, there are trendlines and sport and resistance levels every 5-10 points to contend with. My advice to to enjoy what's left of traditional summer. Things should start to get interesting thereafter. QE Still = 100% of Treasury Issuance, But Coming Change = Crash And for your longer term listening and dining pleasure: This Could Be the Start of Something Big for Gold Here are the Keys as the Trend is Intact, But on Edge Chart Picks – 4 New Picks From Friday’s Swing Trade Screen 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. Link to comment Share on other sites More sharing options...
potatohead Posted August 27, 2021 Report Share Posted August 27, 2021 BULLARD SAYS PURCHASES DON'T HAVE MUCH VALUE RIGHT NOW Primary dealers think otherwise..... Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 27, 2021 Report Share Posted August 27, 2021 and there is the Friday Free Money $hit $how Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 27, 2021 Report Share Posted August 27, 2021 9 minutes ago, MisFit Kid said: and there is the Friday Free Money $hit $how Must Be Friday ATH Crime Pays >: Next week is US Holiday name the last US holiday that was not ATH / Pert' Near ATH Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 27, 2021 Report Share Posted August 27, 2021 1 hour ago, MisFit Kid said: Must Be Friday ATH Crime Pays >: Next week is US Holiday name the last US holiday that was not ATH / Pert' Near ATH Halloween 1929? 😂 Link to comment Share on other sites More sharing options...
DrStool Posted August 27, 2021 Author Report Share Posted August 27, 2021 We now return to our regularly scheduled programming. The 5 day cycle projection is 4530. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 27, 2021 Report Share Posted August 27, 2021 3 hours ago, potatohead said: BULLARD SAYS PURCHASES DON'T HAVE MUCH VALUE RIGHT NOW Primary dealers think otherwise..... Cristiano Ronaldo thinks otherwise too.........⚽ Sold to Manchester United (Red Devils), (where he was before QE) £480K a week salary plus "other $$$ interests/endorsements/image $) Link to comment Share on other sites More sharing options...
Jimi Posted August 27, 2021 Report Share Posted August 27, 2021 Maybe I'm older & wiser. Or, maybe I'm just sour & angrier. But today feels even more insane than March 2000. I mean, back then, at least you could participate in "The Internet changes everything!" thesis. Sure, "Bitcoin fixes that!" seems this cycle's specific "Internet changes everything!" received wisdom analogy. But there remained pockets of sanity back in March 2000: for example, you could still earn 6.39% in 10-year Treasuries the date the NASDAQ peaked. I ask: what is the comparable security today that offers any sensible return prospect at these prices? Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 27, 2021 Report Share Posted August 27, 2021 >: @JimiGlad it is not just me......... Link to comment Share on other sites More sharing options...
DrStool Posted August 27, 2021 Author Report Share Posted August 27, 2021 20210827_205111.mp4 Link to comment Share on other sites More sharing options...
DrStool Posted August 27, 2021 Author Report Share Posted August 27, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted August 27, 2021 Author Report Share Posted August 27, 2021 The soup plate with eggs sausage and dark bread was $5. The pierogies were $9. Link to comment Share on other sites More sharing options...
DrStool Posted August 27, 2021 Author Report Share Posted August 27, 2021 The sizzling potato dumplings platter was $7.50 Link to comment Share on other sites More sharing options...
Jimi Posted August 27, 2021 Report Share Posted August 27, 2021 If you securitize that Polish food, it would qualify as a sensibly-priced security. Link to comment Share on other sites More sharing options...
BreakOut Posted August 27, 2021 Report Share Posted August 27, 2021 1 hour ago, Jimi said: Maybe I'm older & wiser. Or, maybe I'm just sour & angrier. But today feels even more insane than March 2000. I mean, back then, at least you could participate in "The Internet changes everything!" thesis. Sure, "Bitcoin fixes that!" seems this cycle's specific "Internet changes everything!" received wisdom analogy. But there remained pockets of sanity back in March 2000: for example, you could still earn 6.39% in 10-year Treasuries the date the NASDAQ peaked. I ask: what is the comparable security today that offers any sensible return prospect at these prices? Excellent point. The cure in March 2000 took around 3 years. If and when this thing finally blows, does anyone think it will recover that fast? Link to comment Share on other sites More sharing options...
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