DrStool Posted February 26 Report Share Posted February 26 That's right, former bears. Today is the day you either come back to life, or remain zombies consigned to market purgatory, wandering aimlessly in the desert, bereft of leadership, or hope, or reason. Praise Jaysus. And so, we turn to the hourly chart of the ES 24 hour futures to divine when this holy hell might end, and we see the answer. The dinosaurs never went eckstink. They still breathe fire. Or is that dragons? It's been so long, I forget. Charts Say- All Important Monday LEE ADLER 2 - TECHNICAL TRADER FEBRUARY 26, 2024 If the rally doesn’t stop right here, it will head for multiple targets over the next few months. Here are those targets and ideal timing. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! For moron the markets, see: Charts Say- All Important Monday February 26, 2024 Gold Holds for HoldFebruary 24, 2024 Swing Trade Screen Picks – What Happens When Not Holding the Mag Seven February 23, 2024 Market Sentiment vs. Liquidity Reaches Historical Hysterical February 19, 2024 This Will Be the Week That Was February 11, 2024 What’s Up with Down Withholding Tax Collections February 4, 2024 Primary Dealers Are Maxed Out Again January 24, 2024 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...
DrStool Posted February 26 Author Report Share Posted February 26 The kind of insight you won't get elsewhere. Quote A couple of weeks ago I speculated that foreign currency inflows could account for some of the gains in stocks. And, yes, there’s data for that. The Fed’s H8 weekly banking system balance sheet breaks out foreign related banks in the US. Not all of their deposits come from foreigners sending deposits over to the US to buy stocks, but certainly some do. And voila, since January 1, while total bank deposits fell by $100 billion foreign related banks in the US saw net deposit inflows of $75 billion. Gotta love those foreign investors. We Don’t Need No Stinkin’ Fed – We Make Money from Nothing Link to comment Share on other sites More sharing options...
DrStool Posted February 26 Author Report Share Posted February 26 5067.7 will be the bottom. Link to comment Share on other sites More sharing options...
potatohead Posted February 26 Report Share Posted February 26 With a total of 4 posts and 3 from Lee....we must be near some form of top or correction coming. Link to comment Share on other sites More sharing options...
DrStool Posted February 26 Author Report Share Posted February 26 I've been doing this for 23 1/2 years. It proves one thing. OCD. Link to comment Share on other sites More sharing options...
DrStool Posted February 26 Author Report Share Posted February 26 That's one small step for a bear. See ya Tamara. Link to comment Share on other sites More sharing options...
fxfox Posted February 26 Report Share Posted February 26 55 minutes ago, DrStool said: That's one small step for a bear. See ya Tamara. Link to comment Share on other sites More sharing options...
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