O, How We Love Technical Analysis

You know what they say,

If you stare at the sky long enough, you will see pink elephants

We don’t see pink elephants but rather trade setups, among other things,  and have discovered a failproof trade.

After studying many patterns of rainbows and lightning strikes, we present the Double Rainbow Resistance Short.   Sell or short when the index hits the rainbow resistance on its second try and fails to breakout.   You gotta be quick, however.

Maybe, even more important, we found a new weapon or monetary tool for the Fed’s quiver, Time Reversal, but it doesn’t appear to work in propping up this asset market, especially when the index is in a Tree Pattern.

Mercado socialismo is so boring, and such an inconsistent space where professing capitalists are really closet central planners — i.e., socialists.   Killing time and waiting for it.

 

Here’s a newbie Robinhood trader discovering the Double Rainbow setup for the first time.  Note the trader can’t pull the trigger and asks 1:17 minutes in,

What does it mean? 

It’s surprising with a name such as Yosemitebear he can’t pull the trigger on a short setup.  Moreover, it kind of sounds he is shitfaced on liquidity or hopped up on the Fed crack.

 

This entry was posted in Technical Analysis and tagged , . Bookmark the permalink.

1 Response to O, How We Love Technical Analysis

  1. Pingback: This Week’s Best Investing Articles, Research, Podcasts 9/18/2020 - Stock Screener - The Acquirer's Multiple®

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.