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The Answer to “Does A Bear Shit in the Woods”

I hope you had a wonderful Thanksgiving. In bear land, we would have preferred Tanks Giving. But the market doesn’t seem to want to do any tanking.

From the hourly chart perspective of the ES futures, I lean more to this being a bullish consolidation than a top, but I guess we’ll know better if and when they try to get back to 3660.

A breakout above 3638 would measure to 3660. If they don’t clear 3638, next week the bears should come out of the woods.

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I’ve often wondered why people ask if a bear shits in the woods.

What a stupid question.

Of course not.

Who lives in the woods? Most of us don’t even live near the woods.

It’s normally only a problem when you’re on the highway.

In emergencies, we use the restrooms at the service areas. But mostly we wait to get to the hotel.

Woods, or no woods, nobody wants to shit in a rest area bathroom.

Not even bulls.

Have a great weekend, and join me for my occasional intraday snarky observations, of which there are likely to be few today. It’s Black Friday, and we’re all going to the mall when the stock market closes at 1 PM in New York.

Or not.

Meanwhile, follow my serious analytical work at Lee Adler’s Liquidity Trader. 90 day risk free trial to any or all 3 of the services.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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