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The Right Side Has Descended 4/23/21

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

6:06 AM ET
And an air pocket has developed.

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To be serious for a moment, a big change in the tax on capital gains would shift the supply/demand equation. Obviously, we can’t know yet if that would be enough to change the long term trend, but yesterday’s air pocket response should certainly grab our attention.

Initially the market always returns to trend within a few days, but over time, if this tilts the playing field to a significant degree, we will start to see signs in longer term indicators, which I cover in the Technical Trader reports every week.

Will this headline have marked the top?

Historically, I have been a few weeks late calling bottoms, but not usually calling tops. I’ve mostly seen the signs well in advance. So hopefully, that will be the case again. We have projections for the highs in both price and time. If those are to be moderated, we should start seeing those signs over the next couple of weeks. This would be a good time for you to come onboard with a 90 day risk free trial for first time subscribers.

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This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.comView original post.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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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