DrStool Posted November 23, 2022 Report Share Posted November 23, 2022 OK so it isn't back. But it is up something like 850. On the chart, it's barely a dead cat bounce. Will this apparent bottom stick. Show me. The first test will be to clear 17,000. Failing that, there's still a short term cycle projection of 15,000, that hasn't been hit yet, not to mention the 9 month cycle projection of 13,500 and the long term target of 5000 below zero. As for the ES, 24 hour S&P 500 fugutures, today looks like another dull day with an upward bias. The 5 day cycle projection has risen to 4035. That suggests a test of the high, but no, no, no-o-o-o-o-o breakout. I will be posting a precious metals update on Liquidity Trader in about an hour. That's starting to look reeeeeeeel interesting. I will post the link here when that's done. Click the links below for moron the markets. Gold and Miners, Pullback Looks OK November 23, 2022 Stock Market Is Grinding Through Resistance November 21, 2022 Swing Trade Screen Picks – Cautiously Bearish November 21, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 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. Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 Gold and Miners, Pullback Looks OK November 23, 2022 Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 12 hours ago, Jimi said: Did you ever notice how the Fed is behind the curve? I can't believe that you picked up on that. Link to comment Share on other sites More sharing options...
Jorma Posted November 23, 2022 Report Share Posted November 23, 2022 Good luck finding cranberry sauce in the South of France. Turkey too for that matter. Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 I have a friend here who lived in Cali for 35 years. She is throwing a traditional Merkan Tanks Giving dinner for friends and family. On Sunday, of course. I'll let you know if there's cranberry sauce. It's easy to find fresh cranberries here and most French women know how to make sauces from anything. 😄😄😄 1 Link to comment Share on other sites More sharing options...
Jimbo Posted November 23, 2022 Report Share Posted November 23, 2022 THE NATVIE TOKEN SCAM Looked at the FTX native token charts for FTT and SRM. An obvious price support operation was undertaken to prop up the tokens price from late May 2022 to early November 2022. (cant see this mentioned anywhere on the internet.......) Keeping the prices steady ...would cost a lot..... Who did this....best guess Alameda...... Where did they get the money to do this....best guess loans from FTX... Where did FTX get the money....best guess its the depositors money. So where did all the depositors money go....best guess ...eventually to the sellers of FTT and SRM during this period Will the liquidators persue them....good luck with that.... Unless the liquidator can use all the Madoff case law to establish a ponzi scheme was being operated and claw back money from the native token sellers as they were "net gainers" from the ponzi....the money is gone. Identifying the sellers will be difficult. The native token acts as the wealth transfer vehicle. Its what I call a "token ponzi" 1 Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 I don't understand this business about tokens. When I was a kid, a token was something you used to ride the subway. I mean that's worth something, but my god, public transit is expensive today. It's like baseball cards. I wish I had held on to my PTC tokens. Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 They were 15 cents then. Link to comment Share on other sites More sharing options...
fxfox Posted November 23, 2022 Report Share Posted November 23, 2022 25 minutes ago, DrStool said: They were 15 cents then. And the Ass n Piss was at 60 back in 62 Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 5 day cycle projection has risen to 40.50. It is risen. Link to comment Share on other sites More sharing options...
Jimi Posted November 23, 2022 Report Share Posted November 23, 2022 I forgot markets were open. Link to comment Share on other sites More sharing options...
fxfox Posted November 23, 2022 Report Share Posted November 23, 2022 5 minutes ago, Jimi said: I forgot markets were open. FED minutes in an hour Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 Tomorrow is the day Merkans give Tanks for all their blessings. But mostly the turkey with stuffing. Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 Da cision time. Link to comment Share on other sites More sharing options...
DrStool Posted November 23, 2022 Author Report Share Posted November 23, 2022 What's your vote on how they take em home. Sell, cover short, or just leave. Link to comment Share on other sites More sharing options...
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