DrStool Posted March 30 Report Share Posted March 30 Ever since the weekend massacre that resulted in the shutdown of two big banks and bailout of those depositors, stocks have been in a relentless uptrend. On the ES, 24 hour S&P futures charts, that uptrend now has 2-3 day and 5 day cycle projections of 4055-60. If the market reaches that level and sticks, it would break a trendline dating from the February 2 peak, which you can see clearly on the 5 hour bars of the ES. Watch Out For This If the Market Comes Unstuck For the bears to have any chance here, they better make sure that that trendline break doesn't happen. For moron the markets, see: Gold Takes a Breather Before Lunar Launch March 30, 2023 Swing Trade Screen Picks – Traders, Take Your Naps March 29, 2023 Watch Out For This If the Market Comes Unstuck March 27, 2023 How to Play When Fed Changes the Game, Not Just the Rules March 19, 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 30 Report Share Posted March 30 😂😂😂 Link to comment Share on other sites More sharing options...
The CoinGuy Posted March 30 Report Share Posted March 30 Gold trading with the broad market? Good morning... I went to add this conclusion to my post from yesterday...and my ability to edit my post is no longer possible. I'll add my final thought here... Below are charts of 12 banks. Every chart here is of a top 15 bank...except two. One of those two is Government Sachs, the other a regional. I've left the names of the banks off the charts...they're not needed to understand my point. Why am I posting these charts? I'm posting these so you can see where each banking issue is in regards to their respective magnet. The stronger the chart...the closer the connection to the US government. Although...despite connections...All issues will sooner or later reach their respective magnets. Now...if you think of those bank stocks as....World indices? Perhaps. Just perhaps... Russia is nothing more than...SIVB. March 10, 2023...I believe this date will be remembered by many generations to come. Best Regards, The CoinGuy oh...and... From the archives...Updated as of March 29, 2023. I'll add in closing...I saw nVidia mentioned recently. You know my thoughts on this company... NVDA. No support until 75(50 really). Everyone wonders why the huge upside here? For me...it's nothing more than symmetry. A lot of these issues like to decline the same dollar amount in the primary(200+) and secondary declines off a major peak. Pull it back on the weekly...see that high from 2018? That's your target. Although...the magnet is 50. All they have to do to make the above nothing more than gibberish is....take 275 and hold it on volume. They've got one more push...let's see how it unfolds. Funny thing though about the Twin Peaks formation...you can stretch the formation...but overcoming it? Well. Again...let's watch and see. 1 Link to comment Share on other sites More sharing options...
Jimbo Posted March 30 Report Share Posted March 30 BANKS: COPPER VS CRYPTO Dr Burry said it's more like 1907 I disagree Copper set off 1907 and crypto set off 2023 So it begins like 1907....but..... But this is mostly the 1980's S and L style. They did'nt have inflation and rapidly rising interest rates and duration mismatch in 1907. This bank problem will last a long time. A long slow burn. Data on how each individual bank will be effected would be very valuable right now. Link to comment Share on other sites More sharing options...
fxfox Posted March 30 Report Share Posted March 30 7 minutes ago, Jimbo said: BANKS: COPPER VS CRYPTO Dr Burry said it's more like 1907 I disagree Copper set off 1907 and crypto set off 2023 So it begins like 1907....but..... But this is mostly the 1980's S and L style. They did'nt have inflation and rapidly rising interest rates and duration mismatch in 1907. This bank problem will last a long time. A long slow burn. Data on how each individual bank will be effected would be very valuable right now. The US has 4000 banks right now. FOUR THOUSAND. Wouldn‘t be surprised if it will be 400 by 2033. Lottsa forced mergers and take-overs comming. Link to comment Share on other sites More sharing options...
Jimbo Posted March 30 Report Share Posted March 30 MEANWHILE BACK AT THE NARRATIVE What ever happend to the Metaverse??? 2022 was supposed to be the year of the Metaverse. I notice all the hipster hypsters have now pivoted to AI as the preferred substitute. The Metaverse has been quietly dumped. With not even a going away party!!!! 1 Link to comment Share on other sites More sharing options...
DrStool Posted March 30 Author Report Share Posted March 30 3 hours ago, fxfox said: 😂😂😂 1 Link to comment Share on other sites More sharing options...
DrStool Posted March 30 Author Report Share Posted March 30 If they can make stuff like this, we are doomed within weeks. Have fun while you Ken. Because there ain't no Tamara. Link to comment Share on other sites More sharing options...
fxfox Posted March 30 Report Share Posted March 30 3 minutes ago, DrStool said: 😂😂😂 Link to comment Share on other sites More sharing options...
DrStool Posted March 30 Author Report Share Posted March 30 1 hour ago, Jimbo said: BANKS: COPPER VS CRYPTO Dr Burry said it's more like 1907 I disagree Copper set off 1907 and crypto set off 2023 So it begins like 1907....but..... But this is mostly the 1980's S and L style. They did'nt have inflation and rapidly rising interest rates and duration mismatch in 1907. This bank problem will last a long time. A long slow burn. Data on how each individual bank will be effected would be very valuable right now. It's out there. USG reports it quarterly. Chris Whalen referred to the website, but I don't have time to search it. Link to comment Share on other sites More sharing options...
Jorma Posted March 30 Report Share Posted March 30 "now has 2-3 day and 5 day cycle projections of 4355-60." So that's a buy I guess? Link to comment Share on other sites More sharing options...
DrStool Posted March 30 Author Report Share Posted March 30 Safetycoin bullish. 9 month cycle projection now 33-34,000. That's consistent with the conventional measured move target of the big base breakout. Watch Out For This If the Market Comes Unstuck March 27, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted March 30 Author Report Share Posted March 30 2 minutes ago, Jorma said: "now has 2-3 day and 5 day cycle projections of 4355-60." So that's a buy I guess? No, it's a dumbass typo by yers trooly. Link to comment Share on other sites More sharing options...
DrStool Posted March 30 Author Report Share Posted March 30 3 minutes ago, Jorma said: "now has 2-3 day and 5 day cycle projections of 4355-60." So that's a buy I guess? Typo now crected. Carrion. Link to comment Share on other sites More sharing options...
fxfox Posted March 30 Report Share Posted March 30 3 minutes ago, DrStool said: Safetycoin bullish. 9 month cycle projection now 33-34,000. That's consistent with the conventional measured move target of the big base breakout. Watch Out For This If the Market Comes Unstuck March 27, 2023 That‘s an inverted daily Batman! 🤯😂 Link to comment Share on other sites More sharing options...
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