Is the Mr. Market or Someone Else in Bipolar?

 

 

The stable genius didnt realise the 3430 was an important resistance area.

Perhaps, the market liked the BS Pelosi Bill?
Perhaps, the market is telling him he has less than month left of his only term as President?

 

Perhaps we should stop the political pontificating.

 

You started it with your opinion that the bill is BS.... despite it trying to help average Americans not the elite only.

 

but, Tsharp, someone who’s chatting and posts I fully respect....

 

....WE should both stop the political pontificating.

 

Does todays action affect your 4000+ count? 

 

CLK, you give the man too much credit. 

 

I agree with the tank into the debate and rally scenario 
 

 

I did say "we" in my post... and apologize for attaching a bad spending bill to Ms. Pelosi...

The ~4008 unfulfilled Hurst 40-week target is still viable, though can be negated with a close below the 40-week FLD, which is presently below ~3200.

 

 

 

The stable genius didnt realise the 3430 was an important resistance area.

Perhaps, the market liked the BS Pelosi Bill?
Perhaps, the market is telling him he has less than month left of his only term as President?

 

Perhaps we should stop the political pontificating.

 

You started it with your opinion that the bill is BS.... despite it trying to help average Americans not the elite only.

 

but, Tsharp, someone who’s chatting and posts I fully respect....

 

....WE should both stop the political pontificating.

 

Does todays action affect your 4000+ count? 

 

CLK, you give the man too much credit. 

 

I agree with the tank into the debate and rally scenario 
 

 

 

I did say "we" in my post... and apologize for attaching a bad spending bill to Ms. Pelosi...

 

The ~4008 unfulfilled Hurst 40-week target is still viable, though can be negated with a close below the 40-week FLD, which is presently below ~3200.

 

 

 

Thank you for sharing.

I certainly apologise for my part, hence agreeing with the WE part! 

3200 has been my magic number for changing the LT trend to down.

lot of crash posts makes me nervous for the bear case. At present the pivot ST price remains 3366

Best to you sir! 

FWIW, the Dow Transports have pushed to a new ATH again today:

By now it's getting clearer that the recent stock market rally was just ostentatiously on the new stimulus, but it's actually on something else.  The market has its own agenda.................

Edited by redfoliage2, 07 October 2020 - 12:55 PM.

VIX.

Buy the S&P. Short the futures. Write the options. Bank the money.

VIX.
 
Buy the S&P. Short the futures. Write the options. Bank the money.

Awesome rally today retracing the Trump tweet.

buying above 3366 and selling below has been extremely profitable.

I scalped long most of the day, entered short at EOD, took the 10 points and am now flat.

Internals are bullish, there’s a reverse head and shoulders on the daily SP and we closed at the neckline, projecting minimum 3600.

my Vix eTF position Remains in profit, and I wait to be stopped out. However, the Vix needs to close below 25 for this rally to succeed.

seasonal volatility and an election in less than a month.....what could go wrong, apart from a raging pandemic with the global economy running at half speed?

So, as a bear since the 3600 high.....going bullish now....what could do wrong?

Take my post for what it is, contrarian or otherwise. 

Snort! 

Edited by salam, 07 October 2020 - 04:47 PM.

I see SPX 3600 or higher post-election ...................

agree full stimulus after election