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All The Way Back 11/15/22

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Yesterday's late selloff didn't happen.  

Also, I noted at the close. 

16 hours ago, DrStool said:

This is the low. 

And now we're looking at an approach to massive resistance around 4010-15, with a negative divergence setup on the hourly indicators. A breakout through 4016 would probably target 4050-60 today. 

If they hold the line here, to accomplish anything on the downside, they'd need to break 3957.  


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Doc - the percentages I posted yesterday for Burry were for his asset allocation. He previously only held one stock - GEO and he added to that position and entered the others for the first time. He is pounding the table on private prisons (GEO and CoreCivic) as an investment and makes some interesting arguments that they are mostly not longer term incarceration centers like public prisons and that their services are poorly understood by the investing public.



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