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Oh What A Beautiful Morning! 12/21/20

Look out below!

The story is that the new COVID19 strain discovered in the UK is la raison du jour.

The 5 day cycle projection is so far in the rear view mirror I can’t see it (3650). The 2-3 day cycle projection is 3590.

It has crashed out of the sharpest downtrend channel.

The dippers will buy this at some point, and no doubt we’ll see a tremendous rebound… at some point.

But it’s definitely a warning shot across the bow.

Click to engorge.


For the big picture:
(Hmmm… maybe not. 😨)

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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