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When A Top is a Bottom in Disguise 11/17/21

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.

Look at this hourly chart of the ES S&P 500 fugutures. It’s obviously a top, right?

tvc_71e451bf3c5c305f1b0561f38ae1f18c.png

 

Well, not so fast, cowgirl!

What if we just move the chart over and down a bit. Then what does it look like?

tvc_c8108b1a85bddc663da1dc2bed2c8ee3.png

Uh huh!

Now I’m not going to play pretend and act like I know which this is. I’ll let the market tell us. It’s pretty clear that if they don’t break 4675 later today, this sucker is likely headed for the freakin’ moon.  This top/bottom pattern would have a conventional measured move target of 4795 if it breaks out to the upside.

I don’t think it would get there today, but if my house can go up that much in a month, why not the stock market.

Inflation, gone is my heart. Inflation, keeps us apart. Why talk to me.

After my podcast interview with Lindsay Williams of the faux Brit accent, I got a phone call from your friend and mine, Greg Fokker, who ripped me a knew one (sic) for not leveraging up in my old age. I decided that he was right. So I’m going to take all $50 in free cash to my name while I await the cash out from the sale of my multi-million dollar Florida, soon to be waterfront, manse, and I’m going to borrow free money from European banks, and run around Europe buying apartments in all the digital nomad hotspots.

It reminds me of The Graduate.  Then it was “plastics.” Now it’s digital nomad apartments.

With plastic.

Czesc and Dziękuję for the birthday wishes!

  6 hours ago, Jimi said:

Yes.

Happy birthday.

May it have been rich with… :unsure2:

Polish sausage?

I will receive the blessing of the pierogis from a priestess of the Kuchnia. This is a sect of Polish grandmothers who have spent the decades since their formative years under Communism in silent toil and devotion to the familial ritual of dumpling perfection. No wonton, no gyoza, no kreplach, no ravioli or tortellini can know the spiritual perfection achieved by these priestesses, such is their years of secret prayer and devotion.

Yea though I walk through the valley of the chopped onions simmered in bacon grease, I will fear no evil.

Amen, and do zobacenia!

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