Artist, ex floor broker, ex market maker, technical analyst, author, historian, barista, early modern literary critic, and Charles H. Dow Award recipient.
The $BTC time series is the purest expression of human fear/greed response cycles ever constructed. This series has confirmed the hypotheses outlined 25 years ago in "The Spiral Calendar text."
Here are the footprints of gravitational waves effecting human behavior.
Pompeii AD 79. Mt Vesuvius erupts. The residents flee.
The eruption stops with 3 inches of ash on the ground at Pompeii. The residents return to retrieve their valuables. Vesuvius explodes.
On Friday, the residents of Wall St returned to retrieve their valuables.
This guy openly challenged me on twitter to revisit the gold price in 6 months. He told me I would be wrong. When I tweeted I was ready to resume the discussion, he blocks me.
Remember, he trolled me when I expressed a longer-term bullish forecast.
Total fraud.
Please retweet.
1. Obesity is a large risk factor for bad Covid outcomes.
2. 42% of US is obese (CDC)
3. Vaccines are known to be ineffective on the obese.
See the problem?
My contention in December was that the ONLY way for crash avoidance was a repeat of the January 2016 printing binge as depicted in my version of the "money printing pump."
Now the question is...
Can they keep it up?
(Insert erectile dysfunction humor here)
The excitement is unbearable, but we'll manage.
The 12.69 $VIX print at 12:35 PM ET is the clubhouse leader for a potential low VIX print of the month coming 5 hrs 24 min. before before today's 5:59 PM new moon.
In January 2023, when so many (including myself) were bearish,
@BergMilton
told me why he was extremely bullish and forecasted S&P 500 of 4650. 8 months later, here is how Milton is seeing things:
- Big bull move in stocks is close to over as market has "very weak legs"
-…
"Humans may have only 10 years left to save the planet from turning into a total frying pan." Al Gore 2006
Winter 2021
in Texas,
Madrid Spain,
Athens, Greece.
She passed exactly one week later.
Those five laps were a helluva ‘breadth thrust.’
pic, Mom doing what she loved most, at the place she loved most, and her favorite time of day, before breakfast. /end
Inflation reduction measures are like antibiotics.
If you don't take the full course of meds, the infection just comes back, and this time with greater resistance to those measures.
I'm old enough to remember the 70s.
Explanatory thread for the candle charts I post. They contain 4 indicators I find that tend to signal at turns. Clusters of indicators suggest better turn probabilities.
None of these indicators is 'the answer.' /1
Recent Twitter.
1. Lots of people acting like lunatics.
2. Gorgeous pictures of the eclipsed, perigee moon.
3. People arguing the moon doesn't effect behavior.
I'm challenging everyone to post a photo you've taken from a place you've been. The only thing is that you NOT appear in it. Just a pic, no description. Let's flood profiles with landscapes to ease this isolation. Copy this, post a photo & let's travel virtually around the world.
Qs.
How many stops are under 5800?
Where will they get filled?
The 400 floor in ETH quickly became a 300 ceiling.
We could see a 5000 ceiling on $BTC once the 6000 floor breaks.
3 hr bars $BTC & $ETH
I said months ago that $crypto was being embalmed. Those charts are zombies now.
Fiat is the blood draining out.
Tether is the formaldehyde pumped in.
re SoftBank
In the pits it was known as the mythical "airport trade" where the account in trouble took one final size trade with money they didn't have and then headed to the airport where a call to the floor from the gate would determine whether or not one boarded the plane.
The US says they want a stronger yuan. If the Chinese are pegging the $CNY to $GC_F, as it appears they are. All the U.S. need do is stop supressing the gold price via paper sales and voila, the yuan will strengthen! 😉🙃
I've been seeing term "Animal Spirits" describing seeming irrational behavior in markets of late.
Which animals are we talking about? I'm a long-term advocate that at those times when markets become irrational, look to the moon for some answers.
I suspect wolves are not the…
An economy that never has a recession is like a human that never sleeps.
Cycles are healthy. Deny their existence at your own risk.
"Sleep no more, Macbeth. Sleep no more."
The biggest economic perversions of our time is the aim to sustain economic growth by any means necessary.
Business CYCLES have been with us for millenia. All phases, from a recovery to a recession, serve their purpose.
Trying to stop a
#recession
by force yields nothing good.
Compare & Contrast.
"The Money Printing Pump" is surging. But CB balance sheets expressed in yen, not so much. The liquidity is courtesy of the short-term dollar crush. not balance sheets. /1
The driver of human consciousness may be life's greatest mystery.
I can finally articulate what I've seen for years. Humans react to gravity the same as light. In it's beam, we grow and thrive. In its shadows we become fearful.
Some nights I don't sleep.
Today's $crypto markets.
Bulls who trashed talked bears at 7400 now unrepentant and are doubling down on their bullishness and positions.
Manipulators desperately trying to defend prices.
Bottom not in until $BTC separates the smart from the lucky.
100 years of history indicates US stocks are in a *secular* bull market which is likely to run for years.
In the past, these cycles ended when the earnings yield of $SPX declined to ~60-65% of the FFR.
We are nowhere near that level.
Tidal rhythms were useless when the market was unemotionally advancing. But once traders exhibit irrational, LUNATIC behavior, the footprints of those rhythms reappear. I made that observation years ago, and it shows its efficacy once again. Full moon in 21 minutes.