Thread: coolhand's Account Talk

On Friday, it appeared that the market may be getting ready for a turn back up soon. I certainly allowed for some degree of downside before bottoming, but the indicators did not suggest the pounding it took on Monday.

S&P 500.png
DWCPF.png

The S&P 500 fell through support at the 50 dma like a knife through butter. The DWCPF tested its 50 dma, but closed well above it; albeit for a sizable loss. Momentum turned down. It was not bullish action at all. However, there was some degree of a recovery in the afternoon trade, though it wasn't strong enough to be convincing that a bottom might have been achieved.

Monday's action was driven by news and uncertainty. At least that's the narrative. And I do believe that there may be no small degree of political influence in today's downside action.

Breadth fell hard and is now neutral. If the market continues to fall, it will likely flip negative.

I don't want to put a bullish spin on today's downside pressure. It was not pretty and there could be more coming. But technically, the DWCPF remains fairly bullish. Even the S&P 500, while falling through its 50 dma, has not made a lower low and you can still draw a line at the bottoms and find support. But what happens from here is going to be key. It's still too soon to get overly beared up, but I will admit that I am not feeling as bullish as I was late last week. TRINQ closed at a very high level, so that's bullish for tomorrow for the NAZ. We need more than a bounce though. We need a multi-day rally soon with an accompanying upside spike in breadth.

The market is wavering a bit right now. We closed mixed. Breadth is now negative. The options are bullish for Wednesday, but it's also Fed day, so things do have the possibility of getting choppy for a day or two.

Some of you may find this interesting:

https://www.youtube.com/watch?v=3cx5sZoSiIQ

If you are having trouble with some youtube videos, I recommend getting TOR. I've had no trouble watching youtube videos on that browser as opposed to Firefox.

Interesting video. If you believe this is possible, how much of your investments do you have in Cryptos? What percentage in Gold?

Meh. One thousand and five hundred "episodes" and still no economic collapse. Not to mention no evidence is presented of a "deep state" (whatever that is) conspiracy, just "Dave's" opinions.

Originally Posted by coolhand

The market is wavering a bit right now. We closed mixed. Breadth is now negative. The options are bullish for Wednesday, but it's also Fed day, so things do have the possibility of getting choppy for a day or two.

Some of you may find this interesting:

https://www.youtube.com/watch?v=3cx5sZoSiIQ

If you are having trouble with some youtube videos, I recommend getting TOR. I've had no trouble watching youtube videos on that browser as opposed to Firefox.

https://www.youtube.com/watch?v=rQou...&feature=share

Originally Posted by evilanne

Interesting video. If you believe this is possible, how much of your investments do you have in Cryptos? What percentage in Gold?

I do not own cryptos or gold. I do own silver. But that's not the point. It's all about risk. No one can accurately predict how these things play out and the author of the video does mention that. I am not suggesting anyone go out and buy these alternatives. The video was for personal consumption and folks will view it through different lenses. The more one researches and learns what they can about what's really going on, the better one can assess risk.

Originally Posted by coolhand

https://www.youtube.com/watch?v=rQou...&feature=share

Ex-C.I.A. Agent Goes Public With Story of Mistreatment on the Job - The New York Times

https://www.fortheloveoffreedom.net/shop

Originally Posted by userque

Ex-C.I.A. Agent Goes Public With Story of Mistreatment on the Job - The New York Times

https://www.fortheloveoffreedom.net/shop

You can find opposing views on everything under the sun. I only seek the truth. Misinformation is rampant.

“The only barrier to truth is the belief that you already have it.” | Come now, let us reason together.

For anyone with an open mind, PM me. This topic is otherwise closed.

Originally Posted by coolhand

You can find opposing views on everything under the sun. I only seek the truth. Misinformation is rampant.

“The only barrier to truth is the belief that you already have it.” | Come now, let us reason together.

For anyone with an open mind, PM me. This topic is otherwise closed.

Before we close, I'd like to respond as well. If you prefer, this can be moved to my thread, or I can repost it and your quotes into my thread if you have it deleted--either way, it's not that serious to me:

I agree with you that, "You can find opposing views on everything under the sun. I only seek the truth. Misinformation is rampant."

An open mind considers facts.

If I were to post something extraordinary, I would not expect everyone to agree with me. I would also expect replies to my posts ... especially if I posted in a discussion forum.

Normally things go: post, then a reply. Another post, then another reply. If I make a debatable post, I wouldn't expect that I would get the last word in ... since I had the first word; but that's just me, I guess.

And if I didn't want any opposing views, I wouldn't post in an internet discussion forum. I'd probably start a blog and disable comments. And have a 'like' button--no 'unlike' button though.

“For any reputable person or organization to be successful, that person's or organization's actions must be based on solid information, not conspiracy theories, not hearsay, not rumors, and certainly not fear mongering.” ― Mike Klepper

Enough!

Facts are based on ones reality.

In other words "facts" can be biased (not referring to scientific laws, a very different story).


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