DrStool Posted October 20 Report Share Posted October 20 People make all kinds of statements about the market with not a shred of evidence in support of those statements, because they read it on the internets. Yes, Virginia, if you saw it in the media it must be true. Not. 4 hours ago, SiP said: I came across information about Japan in couple media outlets. Somebody is sellin hard, its looks almost like liquidation to me. This smells like trouble. The media is the problem. The more your read, the less you know. That's why I focus on data. The conclusion that someone is selling hard is also an unsupported assumption, other than the US Treasury which sells hard all the time. A hundred billion plus per month, is a lot of selling. In case you haven't noticed, this move didn't just start last week. But as easy as it was to see this coming and track it, the stock market has been another story. I have found it difficult to stay on the plot as the conclusions I have drawn from my technical, cyclical work have been at odds with the liquidity analysis. I have come down on the wrong side of the conflict all too often. Sorry about that. I want to stress that the liquidity work began to warn of an important top forming in July and August. The situation has not improved since then. If anything, as prices fall, the risk of a disorderly denouement grows. Dealers Pull In Their Horns The 2 hour bar chart of the ES, 24 hour S&P futures illustrates just how tenuous things are today. Is it a 5 day cycle low, or a setup for a crash. We should know in a few hours, depending on whether this apparent spport level holds or not. For moron the markets, see: When the Market Is Ready, an Event Will Appear October 16, 2023 Cycles Still Lean One Way, Not t’Other October 15, 2023 Dealers Pull In Their Horns October 14, 2023 Veal Market – Baby Calves Get Slaughtered October 9, 2023 Gold Breaks Down, With Long Term Implications October 5, 2023 Tepid Tax Collections Mean It’s the Supply October 4, 2023 The Rhymes of History September 24, 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. Link to comment Share on other sites More sharing options...
potatohead Posted October 20 Report Share Posted October 20 I think that fire has been growing....... Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 5 day cycle projection 4225-35 Link to comment Share on other sites More sharing options...
WTF Posted October 20 Report Share Posted October 20 Why worry...AI instead. Just listen to your friends on wall street, why would they lie... dot.com... ✔️ AAA rated MBS... ✔️ AI... TBD Link to comment Share on other sites More sharing options...
WTF Posted October 20 Report Share Posted October 20 AAPL is headed back down to 170 and the 200/SMA... bulls better hope that holds or real trouble might just start... Link to comment Share on other sites More sharing options...
fxfox Posted October 20 Report Share Posted October 20 Solaredge, with its horror earnings warning, drags the whole renewables sector down the shitehole. Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 The move in bonds is over for the time being. Shorts will cover and other investors will nibble to the limited extent that they have cash available. Dealers Pull In Their Horns 1 Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 5 day cycle projection 4235 done. Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 Let the Friday night short covering begin. Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 Alrighty then. 2-3 day cycle projection 4205. Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 https://x.com/Lee_Adler/status/1715455570398843047?s=20 Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 A feeling of crashiness. Cycles Still Lean One Way, Not t’Other Link to comment Share on other sites More sharing options...
DrStool Posted October 20 Author Report Share Posted October 20 Have a great weak end everybody. From Lyon, France I wish you Bonne nuit et bonne chance! Link to comment Share on other sites More sharing options...
DrStool Posted October 21 Author Report Share Posted October 21 This is the current chart showing the ES vs. Asset Manager positions in green and hedge funds in blue. Nothing bullish here. https://t.co/FWYkm09X2k thanks you for your interest in the facts. pic.twitter.com/gD4mOqo5UX — Liquidity Trader (@Lee_Adler) October 21, 2023 1 Link to comment Share on other sites More sharing options...
Jimbo Posted October 22 Report Share Posted October 22 THE JOY OF BONDS TLT down 51% since the August 2020 top. Is that a lot ?????????? Re Chinese stockmarket Your average stock market is usually two wheels turning The wealth creation wheel and the wealth transfer wheel The Chinese stock market is just one big wheel turning The wealth transfer wheel!!!!!!!!!! Link to comment Share on other sites More sharing options...
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