The Right Side Has Descended 4/23/21

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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

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.

If you are a new visitor here, 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 filter.

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