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Limp V Recovery 2/16/24

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Gonna be interesting as they test the high. But alas the ES, 24 hour S&P fuguetures looked primed to break out. The 5 day cycle projection is around 5095. There's no material negative divergence on the hourly oscillators. So, maybe pause at the highs for a bit, then blast off. Or just blast off.  All Systems Green 


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1 hour ago, TSlim said:

Fraud Street wants lower rates so bad. But most folks aren't even mentioning QE. What if the 10-year doubles from here? 

There is no need to mention QE, it's a given. Let's not forget last Springs bank bailouts.  Numbers 3 and 4  of the biggest of all time. No sweat. Some little fly buzzing around easily swatted away. The chances of a lack of liquidity, as the system now operates, is zero. This rally is just the preQE run up, is a good way to tell a story.

TNX doubling? Right, and I'm the king of Sweden.

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2 hours ago, WTF said:

Nat Gas trying to find a bottom... 

March futures (current basis for BOIL) have touched these levels a few times in the last 30 years but darn few!  It has been a warm winter but Nat Gas also generates a lot of electricity so its not all weather.  I'm willing to lose a couple of bucks being early but there's a Whopsaw coming and I don't want to miss it.  

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32 minutes ago, specie said:

Congratulations to everyone that bought SMCI on the gap up open!

LOL... Yous buys yours thickets and takes yours chances in this casino... what could go wrong...

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