Away? No, but they do slow down in their old age.
And god this is getting old.
They found the trendline from the June 20 low yesterday. Broke it slightly. Also slightly broke the 5 day cycle projection. I said then that I expected a rapid …
Just a reminder that yesterday the Fed pumped $83 billion into the trading accounts of Primary Dealers. Another $40 billion is coming next week on Monday and Wednesday. Moron that here.
Apparently they committed most of that cash to buying more Tr…
The ES fucutures dipped to spport lines in the overnight session in Asia, then the Europeans got to it, and lo and behold, they’ve rallied for the past 5 hours. Resistance is indicated 4366-69. If they clear that, then 4377-78. 5 day cycle indicators …
I finished my two dose vaccination regimen on June 14, and travel restrictions have lifted here in Europe since July 1. It’s been an interesting…
Gold is not out of the woods, but a couple of miners look poised for a run. Subscribers, click here to download the report. Try…
I’m in the amazing city of Krakow, which most Americans have never heard of. It is one of the most beautiful, history laden cities I have visited in Europe. And yet, in many ways it feels very familiar. I have posted lots of photos at https://www.insta…
Cycles are topping out. That includes the big ones.
Yet again, whenever I pick a few shorts to add to the list, the market smacks me upside the head. Fool me once, shame on you, fool me twice, shame on me. It’s like our permabear friends, whose names I’ll withhold out of respect for the dead, who have been warning for 12 years that the market is about to crash. They will be right one day. Well, every few months I’ll see a few short picks that I like and add them to the list. We’ll probably keep losing money on them, but one day, I’ll be right. You’ll see! 😆
Not only does it describe the market, but I’m on a train from Bratislava to Krakow, with intermittent connectivity. I will be with you in spirit. 😂
It has been all downhill since I noticed the double top yesterday. Dramatic turn of events. But the ES S&P futilitures had reached their upper measured move target from the reverse head and shoulders breakout, of 4350. At that point, the trading algos all decide that they’d go no further, triggering their Sell Mortimer algos.
Now we’re at the point at 4 AM in NY that the price could drop back below the upper line of the big megaphone pattern.
