I realize everyone is focused on Friday and a certain IPO that is about to transpire. But, here - back on earth - the debt clock is about to register $40 Trillion.
And look whose logo is in the lower right. I could have sworn that when the debt was only $35T, a certain POTUS hired a certain CEO to get the debt down through reduced government spending. Gee, what happened, it 'mysteriously' seems to have gone up by roughly 12 - 14%?
So, let me get this straight, people are just gonna schlepp their money over to a huckster who was hired to correct a problem & didn't? OK. That shows truly great skill and demonstrates both acuity and integrity, right? Yeah, right (not). If I were applying for a CEO job, would that "previous employment" section show up on my resume? I'll bet he still got paid for it. You gotta think. Let me see, would I trust this guy to get me to Marz? Um ... since his A-I has been trained with all the earth data known to man and monkey there is no way I'd trust it on the Redd Planet.
So, what's up? It's pretty simple, the guy is just selling you something to make him rich(er). He doesn't care if its SpaceChex, Teslex, RobotEX, Cutex or Riddex. Just buy something, please! As long as it has an "x" in it. It's what every carnival huckster does, and it's completely legal.
Am I jealous of this guy? Well, a bit envious? Not quite. It's hard to be those things when you're just tired of being taken... and taken...and taken by a few with little concern for their peers. And you "are" his peers. You just won't say so. You'll just stand there gawk-eyed and not do a darn thing about it. Do what? Like enforce anti-trust laws and deconcentrate corporate wealth though business law and the tax code.
Ah, well. Not to worry. Why should one worry? Ask Ray Dalio who is trying to help people see what is coming. Search YouTube and watch one of his recent videos if you haven't already.
Meanwhile, back on earth...
Have a great start to the evening,
TraderJoe
Relieving a little gas always makes me feel better too.
ReplyDelete..the EU is starting to get the idea of some regulations that might help. Us? Cluelex! TJ
DeleteWell, the EU has a much healthier food supply, so you'll get no argument from me.
DeleteRoy are you equating tj's above effort to relieving gas..did i get it right?
DeleteObviously off his meds again... ;)
DeleteAh...yes!! May I direct to the keen observation of the great H.L. Mencken: "No one ever went broke underestimating the intelligence of the American people..."
ReplyDeleteWhoops, looks like someone left the Servants door open.
Deletefyi - ES has a one-tick low undercutting yesterday's low (so far).
ReplyDeletehttps://www.tradingview.com/x/BLlUQAje/
TJ
..the intraday WCS slow stochastic is embedded. TJ.
DeleteThanks Tj. Do you even wear glasses:) picture perfect.
DeleteIt's obviously very early but I'm watching for the GC retracement to reach 38.2-50% of the prior motive wave to determine the likely type of triangle forming (if one forms) for circle 4 Primary
ReplyDeleteTJ, is the potential for a leading diagonal still on the table?
ReplyDeletefyi only - Breaking: European Central Bank hikes key rates by 25 bps as anticipated. TJ.
ReplyDeleteES/SPY(CFD) 30-min: from the intraday wave-counting-screen, after an initial three-waves up, followed by the downdraft on the EU rate hike, the market has entered sideways bands and a 60 pt range.
ReplyDeletehttps://www.tradingview.com/x/6DRweWv3/
This suggests preserving capital until a count unfolds. I have one for either down move or up move. Nothing favored yet.
TJ
Ⓑ wave broken lower; down count activated. A return to the low in a larger B wave is possible. TJ.
Delete..the break of the Ⓑ wave low suggests the only likely up move would be by diagonal (it 'could' happen with lower odds while below the 18-per intraday SMA). Downward could be a five or a three. Caution still warranted as things could be whippy. TJ.
Deletechart ...
Deletehttps://www.tradingview.com/x/yRRxhspB/
TJ
So we mark today's top as tentative b/ii ?
DeleteThe volatility is so high..20 points move before you can blink
ReplyDeleteI think we are making a triangle for the B wave. A was the 5 down from high
Delete..or an expanding diagonal fifth wave down for 'c' of (b). The downward wave is already longer than the prior one, and the up wave is longer than the prior up wave. Lower lows required. TJ.
DeleteES/SPY (CFD) 30-min: more rejection at the intraday 18-per SMA. 'Possible" expanding diagonal down or a possible triangle still in progress.
ReplyDeletehttps://www.tradingview.com/x/1lTrcYwg/
Either are acceptable at the moment.
TJ
ES - downward diagonals and triangles have both busted.
ReplyDelete"Trump warns the US will seize key Iranian oil export hub Kharg Island" from CNN.
TJ.
LMAO Tonight's attack cancelled. Had to make sure all the buy orders were entered I guess. My gosh you can't make this stuff up.
DeleteUp wave is too long for contracting diagonal. TJ.
ReplyDeleteES/SPY (CFD) 1 hr - here is a speculative guess based solely on the lengths of the current waves and prior three-waves up with a lower low.
ReplyDeletehttps://www.tradingview.com/x/rgjnhj86/
Overlap would likely be seen in this scenario,
TJ
...also, an overall w-x-y structure as 3-3-3, rather than a-3, b-3, c-5 is possible for the correction upward as a second wave or a 'b' wave (i.e. a/i at the prior low and b/ii up if it does not exceed the prior all-time-high). This is just the Principle of Equivalence until we know more. TJ.
DeleteDefinitely counting as a d
Deletesecond wave with C now underway, co-incident with fatuous pronouncements from you-know-who. Lol!
Does anyone, ANYONE, doubt the truth of H.L Mencken's observation of intelligence of the American public???? LMFAO!!? Watch what comes next
ReplyDeleteHere is an alternate w-x-y that would be acceptable, but I would look for confirmation of either count before taking anyone's word for it.
ReplyDeletehttps://www.tradingview.com/x/l7v50HqJ/
TJ
P.S. the w-x-y count could also go on to burn all on-lookers and extend to just a-b-c of a larger double flat as (a)-3 with a travel to the low again as (b)-3, and followed by a (c)-5 up in subsequent days as it tries to "burn off time" compared to the time of the downtrend OR it could become w-x-y-x-z a triple combination or Flat-x-zigzag. In short, this wave will be a 'pill'. TJ.
DeleteA new post is started for the next day.
ReplyDeleteTJ