Wow comagnum, I am not a chart guy at all, but it is weird, I was just today thinking like this felt like a triangle deal where it keeps trying to push up but is getting weaker and weaker. I just had that kind of feeling today. That chart you posted sums up my feelings, although my feelings were much more touchy-feely LOL. I think I need to start learning some of this charting stuff! Did you (or anyone else, chime in!) make any money when it broke down below the bottom of the triangle? I would guess that would be exactly where you short or buy SQQQ or UVXY or whatever other crazy instruments Ken loves to play with. I predict tomorrow morning might have a slight up tick at open, but soon thereafter down big again. I know nothing, but that is all I can even guess at at this point.
This isn't helping things either. At least the last president understood the concept of "buy low," which he did when oil was very cheap. The current puppet has been a politician his entire life and couldn't run a lemonade stand. He bought at all-time highs and wouldn't have a dime without dirty backroom business deals (cough, cough, Ukraine).
Reversed, was down... I'm in inverses overnight but will trade SOXL if bullish reaction or SQQQ UVXY if bear reaction
Uhh, no. The total number of registered voters is much greater than the number of votes cast in the last election. There's no question that there was fraud in the last election. There's fraud in every election to a matter of extent. Every election I get a mail-in ballot for someone who no longer lives at my address and is a resident in another state (has driver's license there, filed taxes, etc). If the fraud did not tend to benefit the political party in charge in my state, then you can be damn sure I would not have received an extra ballot. The more good and honest people you have, the harder it is for the dishonest people to commit fraud. If the average voter was better, you would have honest candidates on both sides as the voters would not tolerate the lies (also implies that the voters would be informed about what is happening in order to recognize when they are being lied to).
It's not about buying oil low, it's about attempting to buy an election. Draining the SPR at a time when the world's largest or second largest holder of nukes is at war and in which we are actively and openly supplying the other side with $40B in cash + weapons is beyond stupid. The leaders we have are so corrupt that they only care about staying in power regardless of what happens to the country. But I'm not even angry at them. There will always be bad people. But the majority of people should not be supporting them. That's the real problem.
Yup tomorrow is going to be a down day. There is no way the market is going to go up unless all CPI numbers are rising less than consensus and that's not going to happen.