DrStool Posted November 22, 2022 Report Posted November 22, 2022 It was 60 years ago, during the Cuban Missile Crisis when I felt my first loss of innocence, and became acutely aware that the world was not a safe place, that terrible things could happen, from which mom and dad could not protect me. The second time was 59 years ago. I was in junior high and the principal came on the PA system, told us that the President had been shot and that we were being sent home early. I ran home and turned on CBS News and watched as Dan Rather reported from Dallas and Walter Cronkite reported from his desk in New York. I vividly remember Cronkite removing his glasses with a tear in his eye, announcing that the President was dead. And that's the way it was. 59 years ago today, November 22, 1963.
DrStool Posted November 22, 2022 Author Report Posted November 22, 2022 But none such sadness today. Today we celibate the return of yet another bullish consolidation pattern. OK, so maybe it's not bullish. Maybe it's just flat and dreadfully boring. First things first, they gotta clear 3968, and then 3987. If that happens, then we could be looking at a rip snorter with a target of 4067 for the turkey. On the other hand, if the bears show some stamina and fortitude, and take out 3940, then I'd look for 3900 later today. Here as of 7:38 AM ET, this chart isn't tipping anyway. They don't know, and neither do we. Chow for now. Click the links below for moron the markets. Stock Market Is Grinding Through Resistance November 21, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 Golden Surprise November 15, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 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.
DrStool Posted November 22, 2022 Author Report Posted November 22, 2022 In case you are wondering, BTC has a short term cycle projection of 15,000, but I see no reason why it wouldn't get to the 9 month cycle projection of 13,500 over the next week or so. Of course, the long term target remains 5000 below zero.
Jimi Posted November 22, 2022 Report Posted November 22, 2022 19 minutes ago, Jorma said: So are there any numbers this week? Here you go!
Jimbo Posted November 22, 2022 Report Posted November 22, 2022 STRANGE FACTOID The tech stocks leaders in Australia still very overvalued on fundamental measures Wisetech, Xero, Computershare, Altium. Where is the Australian tech leader inverse ETF when you need it. Name of ETF for marketing purposes: The Bushranger ETF
Jorma Posted November 22, 2022 Report Posted November 22, 2022 Hasn't there been any stink about yesterdays phoney Saudi raising production story?
Jorma Posted November 22, 2022 Report Posted November 22, 2022 Gap in TNX at 36.59 from 10/4 in sight. There are a couple of more tiny ones below that.
fxfox Posted November 22, 2022 Report Posted November 22, 2022 6 hours ago, DrStool said: It was 60 years ago, during the Cuban Missile Crisis when I felt my first loss of innocence, and became acutely aware that the world was not a safe place, that terrible things could happen, from which mom and dad could not protect me. The second time was 59 years ago. I was in junior high and the principal came on the PA system, told us that the President had been shot and that we were being sent home early. I ran home and turned on CBS News and watched as Dan Rather reported from Dallas and Walter Cronkite reported from his desk in New York. I vividly remember Cronkite removing his glasses with a tear in his eye, announcing that the President was dead. And that's the way it was. 59 years ago today, November 22, 1963. That was a very good opener for todays thread Doc. Thank you.
fxfox Posted November 22, 2022 Report Posted November 22, 2022 Seems like Wilson is a subscriber („we are cycle analcysts“) 😂
DrStool Posted November 22, 2022 Author Report Posted November 22, 2022 13 minutes ago, fxfox said: That was a very good opener for todays thread Doc. Thank you. Gern geschehen
Jorma Posted November 22, 2022 Report Posted November 22, 2022 IRX gaps up again on todays big Tbill settlement. Amazing chart. Find your own but here's one. https://stockcharts.com/freecharts/gallery.html?%24IRX No matter I guess. Inflations coming down right?
Jorma Posted November 22, 2022 Report Posted November 22, 2022 That little drop in RRP totals, you know, little, just $100bn give or take, seems to have been a one shot deal. Maybe it was FTX related.
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