DrStool Posted October 24, 2022 Report Share Posted October 24, 2022 October 2009. Yankees won it. I'm leaving Barcelona today, heading for Toulouse for a few days. I still like our chances here, despite getting chewed up in the meat grinder last week. A fool and his money are soon parted. The first step toward a brighter future will be for the ES 24 hour S&P futures to be below 3725 when regular trading starts in New York or any time after that. Barring that, bulls remain in charge. Swing Trade Screens – Operation Extrication October 24, 2022 Technical Signs Say Doubt This Rally October 23, 2022 Signs of an Intermediate Bottom in Gold October 22, 2022 Bears Beware, Treasury Buybacks Will Turn the Markets, Sooner Not Later October 21, 2022 Swing Trade Screens – Overloaded on the Short Side October 17, 2022 On the Edge of the Abyss, Can the Market Fly? October 17, 2022 We Now Know When and Where Gold Will Bottom October 14, 2022 We Can Now Project When Fed Will Pause, But Not Reverse October 13, 2022 Look Out For the Real Fallout of Declining Withholding Tax Collections – Part 2 October 6, 2022 Look Out For the Real Fallout of Declining Withholding Tax Collections October 5, 2022 Markets Face Catastrophe as Dealers Mitigate Too Little Too Late September 26, 2022 Fed Speeds Into Dead Man’s Curve, More Black Tuesdays Ahead September 15, 2022 There Will Be More Black Tuesdays September 14, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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...
DrStool Posted October 24, 2022 Author Report Share Posted October 24, 2022 36 minutes ago, Jimbo said: THIS IS NOT CAPITULATION We hav'nt had capitulation yet. Until then every move up is a bear market rally. Link to comment Share on other sites More sharing options...
Lucky Eight Posted October 24, 2022 Report Share Posted October 24, 2022 The surest sign of an oncoming financial disaster has been a Philadelphia based baseball team winning the World Series: 1929 - Athletics (Won WS) 1980 - Phillies (Won WS) 2008 - Phillies (Won WS) 2022 - Phillies (TBD) Link to comment Share on other sites More sharing options...
sandy beach Posted October 24, 2022 Report Share Posted October 24, 2022 "I think the time is now to start talking about stepping down. The time is now to start planning for stepping down," said San Francisco Fed President Mary Daly during a talk at the University of California, Berkeley on Friday. Link to comment Share on other sites More sharing options...
sandy beach Posted October 24, 2022 Report Share Posted October 24, 2022 Had a good laugh this morning when I saw Tesla took a $170 impairment charge on their Bitcoin holdings year-to-date (currently at $218 million). They claim a profit for a little over $60 million on sales. Link to comment Share on other sites More sharing options...
DrStool Posted October 24, 2022 Author Report Share Posted October 24, 2022 40 minutes ago, Lucky Eight said: The surest sign of an oncoming financial disaster has been a Philadelphia based baseball team winning the World Series: 1929 - Athletics (Won WS) 1980 - Phillies (Won WS) 2008 - Phillies (Won WS) 2022 - Phillies (TBD) Only 1929. There was no disaster in 1980 and and by the time the Phillies won in 2008 the financial crisis and bear market had already started about 18 months earlier. So if anything a financial crisis is more predictive of a Phillies World Series than vice versa. By the time of the 2009 world series the Bull market had been underway for 6-months. Link to comment Share on other sites More sharing options...
The CoinGuy Posted October 24, 2022 Report Share Posted October 24, 2022 Good morning... When I penned yesterday that like in life you're not guaranteed another tomorrow, nor are you guaranteed another rally. I couldn't help but think of a post from a couple of weeks ago by fxfox as I was typing that out. fxfox had mentioned 2900 in the SPX and it just so happened that very morning I was looking over the 500 point H&S developing and I thought to myself...2900 seems about right here. At the time, which was October 15th...and I can't remember if I posted this chart or not. I had named the chart "fxfox WILL get his 2900". To me...if you can't break above this resistance right here at 3800, you're not going to see the tests of the above range...you're going down now. That is what was in my mind when I typed out my thoughts yesterday...and I wanted to make it known. I could very well be wrong, but something...to me...just doesn't feel right. Doc quoted Jimbo's post this morning. It's the words that are sitting there that are haunting me. I've already said it...the 13th felt artificial. Since that day...well, I've put my Missouri glasses on. If this rally has any strength behind it...you're gonna have to Show-Me. Here is the original chart. I found it in the Recycle Bin... Best, TCG Link to comment Share on other sites More sharing options...
DrStool Posted October 24, 2022 Author Report Share Posted October 24, 2022 The hourly chart looks like the Sagrada Familia. That's a good sign. 😄😄😄 Link to comment Share on other sites More sharing options...
sandy beach Posted October 24, 2022 Report Share Posted October 24, 2022 JAPAN ECONOMY MINISTER YAMAGIWA: I HAVE HANDED IN RESIGNATION. Link to comment Share on other sites More sharing options...
fxfox Posted October 24, 2022 Report Share Posted October 24, 2022 23 minutes ago, sandy beach said: JAPAN ECONOMY MINISTER YAMAGIWA: I HAVE HANDED IN RESIGNATION. … said:“Can‘t stand that shit anymore!“ Link to comment Share on other sites More sharing options...
fxfox Posted October 24, 2022 Report Share Posted October 24, 2022 Next victim: Chinese stocks and with them EVERY Emerging Markets fund. So what happened already in 2022? 1. Bond guys cruzified and with them the 60/40 crowd 2. SPAC‘s dead 3. overvalued crap north of 1 billion market cap and negative earnings: bombed. 4. „The future is in China, teach your kids Mandarin“ Jim Rogers idiotic dumbass asshole admirers: Extinguished 5. More to come… Link to comment Share on other sites More sharing options...
The CoinGuy Posted October 24, 2022 Report Share Posted October 24, 2022 I'm going for a swim... Best, TCG Link to comment Share on other sites More sharing options...
fxfox Posted October 24, 2022 Report Share Posted October 24, 2022 Another piece of shit stock which deserves to die: UBER Link to comment Share on other sites More sharing options...
sandy beach Posted October 24, 2022 Report Share Posted October 24, 2022 Everyone of these (including UBER) has a market cap of over $10B and a negative EBIDTA less than -$100M - list is from@burrytracker on Twitter. $SNOW, $UBER, $SHOP, $CPNG, $SQ, $RIVN, $SE, $APO, $SGEN, $LCID, $ZS, $ALNY, $RBLX, $NU, $DASH, $PLTR, $SNAP, $BILL, $MDB, $TWLO, $PLUG, $SPLK, $GRAB, $RCL, $U Link to comment Share on other sites More sharing options...
The CoinGuy Posted October 24, 2022 Report Share Posted October 24, 2022 50% retracement in the ^DJI? Complete. Since today is October 24th...I will mention this is the very day the ^HUI bottomed in 2008. TCG Link to comment Share on other sites More sharing options...
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