DrStool Posted December 10, 2021 Report Share Posted December 10, 2021 Just when it looks as though bears might have a shred of hope, potentially bearish setups turn bullish again. Ho hum. It's only been like this for a dozen years, so why expect anything different. Right now, this pattern only has clearance to 4697, where it runs into chart resistance. But if it clears that, then it will set its sights on testing the high of 4711. God help the bears if they clear that. They'd get to 4745 in a heart beat, and the measured move implied target of the big base pattern would be 4950. Although I don't think they could do it today. More later! Meanwhile, the big picture. Reason for Hopeful Pessimism on Gold What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens Here’s Why Truncated 6 and 12 Month Cycles Are Scary Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast When the Fed Balance Sheet Will Hit the Fan 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...
MisFit Kid Posted December 10, 2021 Report Share Posted December 10, 2021 And there you go......SPX Skyrocket......... Then again, All is normal.......according to some.... Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 10, 2021 Report Share Posted December 10, 2021 So I guess opening bell will be right at 4700 SPX. Serving mammon. How quaint..... Link to comment Share on other sites More sharing options...
DrStool Posted December 10, 2021 Author Report Share Posted December 10, 2021 https://wallstreetexaminer.com/2021/12/the-scariest-chart-in-the-world-flash-scary-update/ Link to comment Share on other sites More sharing options...
DrStool Posted December 10, 2021 Author Report Share Posted December 10, 2021 This seems somehow pregnant. Link to comment Share on other sites More sharing options...
Jimi Posted December 10, 2021 Report Share Posted December 10, 2021 The questions are, who's the father & what's the spawn? Link to comment Share on other sites More sharing options...
Jorma Posted December 10, 2021 Report Share Posted December 10, 2021 I was going to ask what that pattern meant. Damn, I am getting old. Link to comment Share on other sites More sharing options...
Jorma Posted December 10, 2021 Report Share Posted December 10, 2021 Being against inflation and guns in America is like being against gravity. Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 10, 2021 Report Share Posted December 10, 2021 Flo-Bot Friday 4700 edition.......Like Clock-Work Link to comment Share on other sites More sharing options...
DrStool Posted December 10, 2021 Author Report Share Posted December 10, 2021 If it gets to 4708, bears are dead. Link to comment Share on other sites More sharing options...
MisFit Kid Posted December 10, 2021 Report Share Posted December 10, 2021 All it take is One Appl(e) to Rule them all........ Link to comment Share on other sites More sharing options...
DrStool Posted December 10, 2021 Author Report Share Posted December 10, 2021 If you want to know why Treasuries are doing so well here, 12/14-12/16 Treasury will pay down $209 billion in T-bills vs. issuing $90 billion in coupon. That's $129 billion in excess cash. The second the debt ceiling bill is signed into law, that shit ends, and goes in reverse. The shit's about to hit the fan, people. Buckle up. https://liquiditytrader.com/index.php/2021/12/04/why-its-big-trouble-that-real-time-tax-data-shows-economy-still-growing-fast/ Link to comment Share on other sites More sharing options...
DrStool Posted December 10, 2021 Author Report Share Posted December 10, 2021 If "we" can take out 4687, there's a shot at rolling this bastard over. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 10, 2021 Report Share Posted December 10, 2021 exactly who are "we" and where are "they"? Link to comment Share on other sites More sharing options...
BurntOnce Posted December 10, 2021 Report Share Posted December 10, 2021 bitcoin is the new gold - just off gloomberg. Link to comment Share on other sites More sharing options...
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