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The Daily Moment of Truth is Here 3/27/23

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.

Oop, there it is.

This uptrend is now extremely well established as it enters its 11th day from the low. The higher highs and higher lows have been persistent. The base breakout was tested and held. Its conventional measured move target is 4035. It already hit that on the post FOMC spike. If they get back clear of that, then the implied target would be 4195.

That’s right, shoppers! You’ll be able to get your fill of the ES, S&P 500 fuguetures for just 4195 on its way to 10k.. And you only need to put up half. Your broker will lend you the rest.

And the hourly chart of the ES says that you don’t even have to worry about any downside risk unless the ES drops below 3967!

What a bargain. Buy your ES today, while it’s on sale! I’ll be posting a new Technical Trader report for moron the longer term view in just a little while.

-m--h

And of course, if ES isn’t to your taste, you can always buy bonds. That’s right. Whether it’s James, or Gary US, your bonds are available now at the high yield of an amazing 3.45%. And if you buy today, you’ll be able to sell your bonds at a profit in just a few weeks! The 1 year cycle projection of 2.75 is waiting for you now!  I’ll have a new Liquidity Trader report for you later today esplaining how you too can own bonds, just like the rich people do. Bank accounts are for schleppers! Buy bonds now, on sale at your local K-Mart, Woolworth, or PharMor!

And don’t worry about your dealer. The money they lose by shorting the bonds to you they’ll make up in volume. Of course, if the 10 year yield doesn’t drop below 3.30, your bonds will be worth less for a while, but don’t worry! You can hold till maturity and get back the full par value! What snot to like!

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Or you could buy gold. If you don’t want to bury it around your backyard like Jimi, I got a guy that’ll hold it for you! He runs the Idaho outfit. I’ll update this Tamara.  Bullish, very bullish. Bank runs and all that.

They’re selling it today. Get the Idaho guy. He’s gonna make you an offer you can’t refuse.

-n073

Of course some people like SafetyCoin. Not to my taste, but the charts have a conventional measured move target of 34,000. I just report. There’s a 9 month cycle projection of 32-33k backing that up. Meh. If it breaks 26.6 k, you’ll be able to get it on sale. If it breaks 28.8, you’ll probably have to chase.

-n07z

For moron the markets, see:

If you’re serious about the underlying forces of supply and demand that drive the markets, join me!

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Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, 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.

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