DOW 18,000 ?
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See post this replies to (last sentance)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175110340
Bitcoins' 64,000 Resistance
This is where things are right now.......
5 months ago ;
NOW :
Perhaps THE MOST IMPORTANT interest rate cut in history ?......
And it's SUDDENLY NOW extremely messing with THE 64,000 ?.....All within The Historical Zone Of Great Excitement ?
Why all this "excitement" ?.......
Well because THIS is THE JUNCTURE.....
Where It Freaking Determines, Just Whether (or Not) It Freaking Decides to Do THIS ;
64, Zone, etc.
Could you please possibly try to DISPLAY it or maybe (if nessesary) at least try to DESCRIBE it ?
Because I THINK I can see what you've tried to explain but it ain't no Cup & Handle.
2 months ago (July 19th) ;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174778101
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174777466
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174773366
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174772547
NEWS Before, During And While It Is Happening !
64
It's.......The 64,000 Dollar Question
If you'll recall, we were completely all over the 58,400 Breakout......(2, 3 or 4 days ago ?).......
And suddenly now it's at 64 ?
September 17th - Yeah - Just 2 days ago !.......The Great I Hub Glitch Zone and then BOOM ! 64 !
And now it's freaking suddenly ;
???........LoL !
Whilstmeanwhile it's quieter'n a mouse around here ???.......
.
i will never talk straight......I like to obfuscate a ton
When about 80 percent of my "calls" are quite accurate (no one likes a Know It All), it just drives people nuts.....
Plus no one likes a person who calls BOTH directions.......All they want to hear is "UP !"
The number of succinctly correct "calls" are numerous.......
They're made not because I am "seeking attention".......
They're made because i'm just looking to see whether anyone concurs......
Which of course RARELY happens (for the aforementioned reasons).
They're admittedly made also because I take "pride" in them.....
Which ALSO drives people (my super snarley "critics") nuts.
16 days later..... (after (the nailed) Whump !)
The 2021 High......The 666.......The Whole Freaking Fanning Downturn ? ;
In EACH of those cases I could show you the very MINUTE WHEN each of those support levels FAILED.......Or ;
Or The Very MINUTE it broke out from that whole freaking downturn ;
Just drives people NUTS !.......All they wanna post are mis-characterizations regarding me.......
Because they're too lazy to do any back-testing.
I can show 'em the very minute that everything's happened......* and can rub it in their faces !.....ha
I've supplied boatloads of backtesting info.....Examples such as the one below......
You wanna research my "record" ?....Then go right ahead.
I believe you'd learn that it's not too shabby.....
But, whatever.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174860890
7 weeks later.....
One of the charts in that link (this one), was just hours before it plunged down to 49,000
Notice how that was highlighting the 62,000 7 weeks ago ;
Currently ;
Will it CLIMB ALL THE WAY NOW to The 65 ?.......No, it could stall at the 64 !
Markets are capricious, one needs to roll with the punches (let THE MARKET itself be the thing which "decides")
Oh I see what you're sayin' now.......You're sayin' that this isn't a gap ;
Okay well okay (if that's what you believe) but for me I would call it a gap.
Some people would agree whilst some others would not.....
Evidently you are of the latter.....
Believe me - i know.......
It's often-times a VERY CONTROVERSIAL subject......
Where, me ; I'm on the side of The Gappers.
BOY !......Will ya' LOOK at this GIANT GAP !........Holy Smokin' Cow !
Boy !......Now THAT was sure SOME KIND OF gap right there waren't it ?
.
I'd weigh the closing sentance of that post there tho
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175110340
Well I'll have to read up a bit more on "Continuation" gaps then.....
https://www.truedata.in/blog/Gap-up-and-gap-down-intraday-trading-strategy
Looks somewhat to me like their Runaway Gap
They mention there to consider a few other indicatiors
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=spy&x=45&y=15&time=100&startdate=1%2F4%2F2023&enddate=12%2F30%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=8&lf=4&lf2=2&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I usually just go by these ultra-real basics
What's stumping me slghtly in that chart is yesterdays' afternoon selloff !
Which sure helped to create quite the gap !
Anyways, I guess a backtest of that line could quite readily manifest.
..
Nah this is too much of a Resistance Breakout for it to be a Fakeout....
I guess evidently most including myself were only expecting a 1/4
I mean clearly the mkt was anticipating a cut....but the 1/2 I'm sure surprised quite a lot ?
NOW those one's are thinkin' "Man, I've GOT TO dive right in !".....ha-ha
The fact nobody posts charts on this board really sucks.....* and that perhaps especially includes you Mr. Ducci (?)
Come on !......I mean, clearly you're LOOKING at charts there, right ?.....So, do you just need to learn HOW to post 'em ?
Or what ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=spy&x=59&y=19&time=100&startdate=2%2F4%2F2023&enddate=10%2F30%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Anyways..... * Just sayin'....that i think it sucks......
What with T.A. being such a VISUAL discipline....
.
Next Stop 64
Sept 17
https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/94579857/bitcoin-bulls-target-64k-btc-price-hurdle-as-us-s
July 21 - FOMC - Do Or Die
Wants to go down but it just stays erect.
Continuation Rally......?
This thing's NOW at almost 2 million (1.85)
Seriously ?
Market Timers Anonymous
Fly Away Upgap ?
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=spy&x=40&y=10&time=7&startdate=1%2F4%2F2020&enddate=12%2F30%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
.
The incident occurred two months after a hacker stole over $230 million from WazirX, an
Indian cryptocurrency exchange, in the second-largest cryptocurrency hack of 2024 so far.
https://cointelegraph.com/news/telegram-bot-banana-gun-users-drained-500-ether
Electronic Glich es happen
So.....rate cuts are BAD for stocks then are they ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174845611
A Continuation Rally ?.....Wierd.
A full 1/2 a percent tho.....I guess (no wonder !)
No you didn't........SHOW US where you said ANYTHING was coming......
My TA foretold Bitcoins' (and XRPs') drop from 57 down to 53
But whatever, carry on in your imaginary pumper world
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175045665
Bitcoin !.............Bitcoin !......You ARe the coin !
The coin of all the different coins !
The coin that is different from all of the others !
The one and only Bitcoin !
.
Oh brother....
Whatever.....Yikes
You really ARE a full-fledged right-winger, aren't ya' ?
Sheesh
Finally go 'round to listening to most of that.....Boy, what a dire outlook.
Sheesh.
.
The lunatics (with their play money) must be stopped !.....
They just can't be allowed to run roughshod over the worlds' financial system.
.
Epic professional interest rate cut guaranteeing an upcoming win in the election..
They’re going to try to steal the election again.
👬
U.S. Steel Stock Is Rising. The Politics Are Getting More Muddled.
https://www.marketwatch.com/articles/u-s-steel-stock-nippon-cleveland-e5c32ba3?siteid=bigcharts&dist=bigcharts
First Published: Sept. 18, 2024 at 9:40?a.m. ET
Coal on barges on the Monongahela River near United States Steel. Photo: Justin Merriman/Bloomberg
Shares of United States Steel were rising Wednesday after a report that the government decided to delay a review of the company’s potential takeover by Japanese steel firm Nippon Steel
5401
1.93%
.
This deal has plenty of political intrigue as both Democratic and Republican politicians jockey for support from labor in swing states such as Pennsylvania, where U.S. Steel
X
2.62%
is based. That hasn’t been great for investors.
Tuesday, Bloomberg reported that the U.S. would delay its decision on whether to approve the merger based on national security concerns until after the November presidential election. Nippon Steel declined to comment. U.S. Steel didn’t immediately respond to a request for comment.
“Can we get a Japanese translation for Quid Pro Quo,” quipped Gordon Haskett analyst Don Bilson in a Wednesday report, pointing out that the reported decision to delay came after the U.S. and Japan discussed curbs on exports of semiconductors to China. “A cynic might see [the chip and steel] reports as two peas in the same pod….to get the Japanese on board with China curbs, [America] has given the Japanese a wink that Nippon Steel will get the approval it needs after the election.”
U.S. Steel stock rose more than 4% in early trading, though by late morning, it had slipped back for a gain of 2.1% to $37. The S&P 500
SPX
0.01%
was flat and the Dow Jones Industrial Average
DJIA
-0.03%
was down 0.2%.
It has been a wild ride for investors lately. In August, Cleveland-Cliffs
CLF
-0.38%
bid $35 a share in cash and stock for U.S. Steel. Then in December, U.S. Steel agreed to be bought by Nippon Steel for $55 a share in cash.
Nippon Steel is the fourth-largest steel maker in the world, and has committed to spending $2.7 billion modernizing U.S. Steel’s American operations. That is significant, given that Wall Street projects U.S. Steel to generate about $1.7 billion in cumulative free cash flow in 2025 and 2026.
Still, the deal has faced political opposition from both sides of the aisle and from the steelworkers union, which backed the original Cleveland-Cliffs bid. A report that President Joe Biden was set to block the deal on national security grounds sent U.S. Steel shares to $29 each from about $38. Now, shares are almost back to $38.
The move on Wednesday shows that investors believe there is still a chance the deal will go through. Blocking the transaction never made a lot of economic sense. Japan is an ally, Nippon Steel is the far larger and better-capitalized company, and the merger doesn’t change domestic market shares substantially. If the U.S. Steel/Cleveland-Cliffs merger happened, for instance, the pair would have a greater market position in areas such as steel for critical automotive applications.
Here is a way to think about the odds of the deal going through. If the $30 range is the “no deal” price for U.S. Steel stock and $55 is the ultimate upside if Nippon Steel is successful, with the stock at about $37, investors currently put a 30% chance of the merger happening. If the stock was right between $30 and $55 the odds would be about 50%.
Coming into Wednesday trading, U.S. Steel stock was down about 26% year to date. Most of that decline is related to diminished expectations that the Nippon Steel merger will be completed.
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