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Why I’m Out of Sync with This Market

This is a syndicated repost courtesy of Stool Pigeons Wire at To view original, click here. Reposted with permission.


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  14 hours ago, DrStool said:

I feel really out of sync with this market.


  12 hours ago, Jimi said:

Noticed. It’s strange… even unsettling.

Any thoughts on why?

(You’re still the best, so not a cheap shot by me, who knows positively nothing about a damned thing.)


It’s an illusion. I am not out of sync. The market was out of sync. 😄

And maybe out of money too, but it’s Fed MBS settlement week. It started yesterday.

Up, up and awaaaaayyyyy.


This now an obviously bullish pattern, and the hourly oscillators are on the buy side.

There’s no 5 day cycle projection yet. But on the 30 minute bars an early 2-3 day cycle projection points to 3580.

There’s also a possible resistance trend there. Before that, there’s possible minor resistance right here around 3565, but seems inconsequential, as does 3580.

The first real resistance is around 3585. I’m doubtful that any of these old uptrend lines mean anything. I think the odds favor going through them with minimal congestion around them.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, 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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