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In the Battle Between Reason and Religion, Religion Wins 9/17/21

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.

I was wrong about Sell Rosh Hashana, Buy Yom Kippur. I thought it wouldn’t work this year. I was so, so wrong.

When it comes to Wall Street religion, and my analytical opinion, religion wins. It’s not about logic. It’s not about facts. It’s religion! For the WIN!

This trend channel that began on September 6 has become a thing of beauty. The resistance cluster that they would need to clear to break that trend is now around 4480-82.  If they don’t get through that, this could start to get real interesting. That will be true in particular if they drop through 4447.

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At this point, the 2-3 day cycle projection only points to around 4445. That would not be enough for a material break.

So we’ll be waiting,
For a material break,
Waiting for a material break.
I said we be waiting,
For a material break,
Not just an immaterial shake.

Yes, we’ll be waiting,
For a material break,
Waiting for a material break.
I said we be waiting,
For a material break,
Not just an immaterial shake.

Sing it with me now.

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Meanwhile, for your infotainment and edification:

Get Ready for the Coming Bond Market Bloodbath

Lots of Sell Signals Again From Friday’s Swing Trade Screen

Constructive Signs for Gold Digging

Nothing Has Happened Yet

Useless Banking Indicators Except for One Giant Red Flag

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