There’s a lot of stuff out there that purports to be economic, monetary, and liquidity analysis. I don’t read other people’s stuff. There’s no point. Markets don’t anticipate and they don’t discount the future. Anyone who successfully anticipates a big…
That’s not a laughable concept anymore.
As expected, the 5 day cycle bottomed yesterday. It did so just a hair below the sport lines we pointed to in the pre market yesterday. So far, nothing terrible has happened yet. Today doesn’t look like the …
I was on the train from Warsaw to Malbork yesterday. Malbork is as quiet as Warsaw is noisy. In other words, really, really quiet. Just what the doctor ordered after 11 days of not sleeping thanks to the insane noise levels in one of Europe’s most crow…
The market has yet to show the capacity to decline meaningfully.
When will it end?
A 3 day cycle low is due this morning. There’s no buy signal yet, but clearing 4196 would be the trigger for a move to test the high at 4214.
I’d be more bullish if this were a 5 day cycle low juncture. But that’s not ideal…
I have been warning Technical Trader subscribers about the likelihood that this is a cyclical bull market since Q4 of last year when cycle analysis suggested that a 4 year cycle low was due. And I think that we got proof of it yesterday when we saw a n…
I don’t know the answer for sure, but I don’t think so.
Meanwhile, back at the hourly chart the the ES 24 hour S&P fugutures, we have another minor new high in this up phase. They’re pulling back, but probably needs to be below 4157 by noon i…
The question is whether we’ll hit it today.
They’ve past the Dick Trickle Memorial Point. We have indeed entered the Twilight Zone, the area both infinite and pointless between fear and knowledge, and Where can we go from here but nowhere and ev…
“There is a sixth dimension beyond that which is known to man. It is a dimension as vast as space, and as timeless as infinity. It is the middle ground between light and shadow — between man’s grasp and his reach; between science and superstition; betw…
I’ve had a fantastic week of travel from home in Nice to Paris, to Berlin, to my previous home of Warsaw. I still love Warsaw, despite its foibles and the often shitty weather. It’s a great city. I like it much better than I liked Berlin.
But that…