DrStool Posted March 22, 2023 Report Share Posted March 22, 2023 Today is the day where Jerry and the Rate Makers aka the FOMC gang, threads the needle, and lets us know not only the new rules of the new game, but its name. One thing is for sure, the name will start with "Not." Because if there's one thing that the Fed does exceptionally well, it's denying the obvious. Or at least that which is obvious to anyone paying attention. A thought occurred to me. Has there ever been a time when cruel authoritarian government didn't arise from excess money printing. Seems to me that we've been there, done that, before, and that that's where we are headed again. Sad, Jerry. Sad. The hourly chart of the ES, 24 hour S&P 500 fuguetures is STILL in a bullish pattern. It's chewing away at resistance at 4011-16. The 5 day cycle projection is now 4070-75. The market seems poised for another Fed resubstantiation rally, regardless of what Jerry says at this afternoon's FOMC Dog and Pony show, and media circus. We will watch in awe as these clowns tiptoe and dance around the pile of elephant shit that they've piled up in the center ring. What a dystopian nightmare we are living. More later. For moron the markets, see: Swing Trade Screen Picks – Show Me the Money, Jerry! March 21, 2023 Massive Fed Monetary Injection Changed the Technical Picture March 20, 2023 How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023 Gold Works On High Base March 14, 2023 Swing Trade Screen Picks – Who Wants to Go Short Here! March 13, 2023 Bailout or Not, Stock Traders Are Should Give the Fed, Treasury, and FDIC the Finger March 13, 2023 Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023 February Withholding Taxes Say – Fade the Jobs Report! March 2, 2023 Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023 You Can Now Follow the Diabolical Usual Suspects February 16, 2023 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 folder. Link to comment Share on other sites More sharing options...
fxfox Posted March 22, 2023 Report Share Posted March 22, 2023 Doc, gotta close ze old Fred. Otherwise Jimbo will post his essay there. 😂 Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 Infartion point. Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 27 minutes ago, fxfox said: Doc, gotta close ze old Fred. Otherwise Jimbo will post his essay there. 😂 Ya. 10Q. Link to comment Share on other sites More sharing options...
BreakOut Posted March 22, 2023 Report Share Posted March 22, 2023 Many have been vocal about the foolishness of excessive money printing and skyrocketing debt for a long time, but the consequences had not started to show up until fairly recently, so those folks were (and for many, still are) regarded as crackpots and losers. Unfortunately, if they do bring the whole house of cards down, Society does not seem to be as willing to play ball with each other and wait politely in lines today as they did in the 1930’s. The authoritarian ways that have gripped (or re-gripped) half the world might tempt some in a situation like that. Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 Weimar money printing in the 1920s led to the rise of the Nazis in the 1930s. Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 Gold Set For High Base Breakout LEE ADLER 3 - GOLD TRADER MARCH 22, 2023 The 13-17 week cycle projection has risen to xxxx. That implies a long term high base breakout ahead. Shorter cycles are due for a breather first. I’ve added another mining pick to swing along with two already on the list. Subscribers, click here to download the report. Non-subscribers, click here for access. Try Lee Adler’s Gold Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 Sell signal on the hourlies, 90 minutes before the circus. Link to comment Share on other sites More sharing options...
potatohead Posted March 22, 2023 Report Share Posted March 22, 2023 1 hour ago, DrStool said: Sell signal on the hourlies, 90 minutes before the circus. Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 The dreaded pine needle candle. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 22, 2023 Report Share Posted March 22, 2023 QT my A$$.....especially if you include Japan, Et al.....and Gary US Bonds🤪 Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 Fed gave no guidance at all on the BTFD program or the daily currency swaps. That's where the game is now and they are playing it in a dark stadium with no media coverage. WTF. Link to comment Share on other sites More sharing options...
DrStool Posted March 22, 2023 Author Report Share Posted March 22, 2023 6 minutes ago, MisFit Kid said: QT my A$$.....especially if you include Japan, Et al.....and Gary US Bonds🤪 That was the$300 billion that went out the Dickscount Window and to bail out the Silly Con Valley Bank and Signature Loan Bank. It wasn't QE. While it is growing the Fed's assets, loans don't have the same effect as buying outright from Primary Dealers. Link to comment Share on other sites More sharing options...
fxfox Posted March 22, 2023 Report Share Posted March 22, 2023 Link to comment Share on other sites More sharing options...
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