In the past 10 years, corporate profits are up 25%. The Dow is up 175%. Makes sense, right?
Cycle analysis says that the 5 day cycle is now in a down phase, despite the ES fucutures being at a new high for this rally. If this is the down phase, I can’t wait to see the next up phase. 🤒
Yep, that was the 5 day cycle projection as of 1 AM in New York. It implied that resistance at 4242, 4248, and 4248, would be non factors, or at least not much. An old megaphone line now at 4274, and another one at 4284 could be.
But then the fu…
I’m leaving early Tuesday AM for a little boat trip out to a couple of the outer islands. Just 9 more days here in Zadar, so I want to pack in some R&R and visits to places I haven’t seen yet. I’ll open a new thread now for Tamara. See you Tuesday evening.
BTC now has a 9 month cycle projection of 28,000. Breaking 29,000 would result in a conventional measured move target of 0 for the head and shoulders pattern breakdown. Actually -5,000, but I don’t think it can go negative, can it? – CHART
A little panic after the close on Friday, with piling on in the early going in Asia broke the longest megaphone. But the Europeans rode to the rescue at their open, bringing the ES futures back from a touch of the lower line of the shortest widest one….
It never gets old, does it?
Update- I’ve been moaning and groaning to the Twitter “support” to no avail. I guess that saying that the dead guy who ran Subway died…
They keep multiplying.
I apologize to everyone who left a comment today. I have approved them but discovered that they are not displaying. I’m a big believer in,…