DrStool Posted August 11, 2023 Report Share Posted August 11, 2023 In Germany, when crossing the street, everyone waits for the green walk light, even when there's no traffic. France: Traffic light? What traffic light? Cars? What cars? Bah! In German cities, cars have the right of way over pedestrians. France: Cars? What cars? Bah! In Germany if you want a glass of water with your meal, 3 euros. France, 1 liter carafe ice cold tap water, corked, free. In Germany, if you want ketchup with your burger or fries, €1.50 for a tablespoon. | France free bowl of homemade ketchup from scratch. German food: Fat and gristle French food: Fat and more fat Grocery stores in Germany: 1 per 3 square kilometers France: 3 per square block Fruit and vegetable stores and stands - France, 1 per block. Germany: What is a fruit and vegetable stand? Vee haf REWE and ALDI. Cafes in France- 10 per square kilometer Germany - 12 per square kilometer Coffee in French cafe: 3 tablespoons of strong espresso Germany: Mug of dishwater, therefore Germans need more cafes than the French Bakeries- tied, if you like pretzel bread. Number of restaurants in French cities: A lot German cities: More, the Germans apparently do not eat at home. More proof of that is the scarcity of grocery stores Dinner Time in German towns: 5:30 PM (17:30). By 8:30 (20:30), everyone is home in bed. If you show up after 8 PM, too bad, restaurants and supermarkets are closed. You vill wait for breakfast, and you vill like it. Understood? France: If you show up for dinner before 8 PM (20:00) you are rude and uncultured, probably American tourist. That's your travel guide for today. Back to the business at hand, yesterday's breakout on the hourly chart of the ES 24 hour S&P futures looked pretty convincing until it wasn't. Look where it stopped. Right at a key downtrend line. Then it quickly fell back under a couple of resistance lines it had just broken. That was the Sell-Mortimer-Sell moment. Until it wasn't. Support broke, but that too was a false breakdown. Old school conventional TA is a trap anymore. Now, first thing we must do when we see a break is look for the fake, because AI traders are smarter than we are. Apparently, only they know where we go from here, as the ES is at a maximum indecision point at of 5:15 AM NY time. Any trading between 4447 and 4497 will just be noise. Breaking one of those levels might be signal. Or maybe not. The bulls have two factors in their favor. A 5 day cycle up phase should be starting. And hourly oscillators have mostly been making higher lows for a week, particularly versus last week's low. That doesn't mean that an upside breakout will follow, just that a downside breakout is less likely today than an upmove. But watch out if they take out 4447. Next likely stop, 4425. Ciao for now. I'm going to Beethoven's house for lunch. German Hamburger More of my travel photos at https://www.instagram.com/200daysineurope/ For moron the markets, see: Gold Sets Up August 8, 2023 All We Need is a Few Good Shorts August 7, 2023 Under the Big Top August 7, 2023 More Supply is Just a Lie But Withholding Weakens August 4, 2023 Let the Scary Pictures On Primary Dealer Financing Do the Talking July 31, 2023 Correlations Don’t Matter Until They Do, Like Now July 23, 2023 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. 2 1 Link to comment Share on other sites More sharing options...
Jorma Posted August 11, 2023 Report Share Posted August 11, 2023 The Duke Brothers are standing just offstage. Link to comment Share on other sites More sharing options...
potatohead Posted August 11, 2023 Report Share Posted August 11, 2023 5 hours ago, DrStool said: In Germany, when crossing the street, everyone waits for the green walk light, even when there's no traffic. France: Traffic light? What traffic light? Cars? What cars? Bah! In German cities, cars have the right of way over pedestrians. France: Cars? What cars? Bah! In Germany if you want a glass of water with your meal, 3 euros. France, 1 liter carafe ice cold tap water, corked, free. In Germany, if you want ketchup with your burger or fries, €1.50 for a tablespoon. | France free bowl of homemade ketchup from scratch. German food: Fat and gristle French food: Fat and more fat Grocery stores in Germany: 1 per 3 square kilometers France: 3 per square block Fruit and vegetable stores and stands - France, 1 per block. Germany: What is a fruit and vegetable stand? Vee haf REWE and ALDI. Cafes in France- 10 per square kilometer Germany - 12 per square kilometer Coffee in French cafe: 3 tablespoons of strong espresso Germany: Mug of dishwater, therefore Germans need more cafes than the French Bakeries- tied, if you like pretzel bread. Number of restaurants in French cities: A lot German cities: More, the Germans apparently do not eat at home. More proof of that is the scarcity of grocery stores Dinner Time in German towns: 5:30 PM (17:30). By 8:30 (20:30), everyone is home in bed. If you show up after 8 PM, too bad, restaurants and supermarkets are closed. You vill wait for breakfast, and you vill like it. Understood? France: If you show up for dinner before 8 PM (20:00) you are rude and uncultured, probably American tourist. That's your travel guide for today. Back to the business at hand, yesterday's breakout on the hourly chart of the ES 24 hour S&P futures looked pretty convincing until it wasn't. Look where it stopped. Right at a key downtrend line. Then it quickly fell back under a couple of resistance lines it had just broken. That was the Sell-Mortimer-Sell moment. Until it wasn't. Support broke, but that too was a false breakdown. Old school conventional TA is a trap anymore. Now, first thing we must do when we see a break is look for the fake, because AI traders are smarter than we are. Apparently, only they know where we go from here, as the ES is at a maximum indecision point at of 5:15 AM NY time. Any trading between 4447 and 4497 will just be noise. Breaking one of those levels might be signal. Or maybe not. The bulls have two factors in their favor. A 5 day cycle up phase should be starting. And hourly oscillators have mostly been making higher lows for a week, particularly versus last week's low. That doesn't mean that an upside breakout will follow, just that a downside breakout is less likely today than an upmove. But watch out if they take out 4447. Next likely stop, 4425. Ciao for now. I'm going to Beethoven's house for lunch. German Hamburger More of my travel photos at https://www.instagram.com/200daysineurope/ For moron the markets, see: Gold Sets Up August 8, 2023 All We Need is a Few Good Shorts August 7, 2023 Under the Big Top August 7, 2023 More Supply is Just a Lie But Withholding Weakens August 4, 2023 Let the Scary Pictures On Primary Dealer Financing Do the Talking July 31, 2023 Correlations Don’t Matter Until They Do, Like Now July 23, 2023 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. that hamburger, close encounters of the third kind.... 1 1 Link to comment Share on other sites More sharing options...
fxfox Posted August 11, 2023 Report Share Posted August 11, 2023 Which stoolie buys all the TPL shares? 😂 1 Link to comment Share on other sites More sharing options...
DrStool Posted August 11, 2023 Author Report Share Posted August 11, 2023 From Bonn Germany, Good night and good luck! Liquidity Trader- Money Trends 1 Link to comment Share on other sites More sharing options...
SiP Posted August 12, 2023 Report Share Posted August 12, 2023 A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in the latest sign of stress in Germany's real estate sector. Euroboden GmbH, with 115 million euros ($126 million) in bonds outstanding and facing possible downgrades in its credit rating, said in a statement that negotiations for property sales had fallen through, hurting its finances. https://www.reuters.com/markets/europe/munich-developer-insolvent-latest-blow-german-property-sector-2023-08-11/ Link to comment Share on other sites More sharing options...
Jimbo Posted August 12, 2023 Report Share Posted August 12, 2023 THE GREATEST RUG PULL IN FINANCIAL HISTORY In March 2022 the FED undertoook the greatest asset rug pull in history. We are still experiencing the effects of that frame effect. The Crypto rug pullers are all insignificant in comparision. Most market participants still don't seem to understand this. 1 Link to comment Share on other sites More sharing options...
fxfox Posted August 12, 2023 Report Share Posted August 12, 2023 1 hour ago, Jimbo said: THE GREATEST RUG PULL IN FINANCIAL HISTORY In March 2022 the FED undertoook the greatest asset rug pull in history. We are still experiencing the effects of that frame effect. The Crypto rug pullers are all insignificant in comparision. Most market participants still don't seem to understand this. Yes. And it were Bonds. Not stocks really. Since the „financial youth“ is not familiar with Bonds they don‘t understand which impact that had and has. Think of a Treasury department of a big corporate: All that counts for re-financing are Bonds. Stocks are only a side-show. Link to comment Share on other sites More sharing options...
Jimbo Posted August 14, 2023 Report Share Posted August 14, 2023 THE FED HAS BEEN A VERY NAUGHTY BOY In the last four years the FED has really ramped up its interventions in asset markets, 1/ The September 2019 $500 billion BIG BAIL repo hedge fund get out of underwater treasuries jail free card. We still dont know who the hedge funds were that benefited or how much they benefited. 2/ The BIG PRINT of May 2020 to March 2022 ...40% growth in M2. 3/ THE BIG STOP of March 2022 ....basically sending the Bond market. bank and insurance stocks and all the greater fool assets down the toilet....SPAC's Crypto NFT's etc etc. Before this they were content with printing a trillion a year.....which was bad but not catastrophic. Now we wait for the BIG PIVOT Link to comment Share on other sites More sharing options...
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