Lions/Technical Traders. Have A Look At This. Crack The Code?
From Greg M
Lions, especially my technical traders.
Have a look at this chart of the MMRI (below). This is a snapshot from today, 10/22/24 @7:55PM Eastern.
Are you able to identify a/any specific or concerning patterns here?
If so, please comment, I would appreciate it.
I pointed out 2 that I see on the bottom chart. (Plus the obvious channel upward breakout).
GM
(IF it would help you to see the MMRI in real time, click HERE.)
Clear breakout from the declining trend, BUT confirmation is necessary to confirm a change in ascending trend (ie. Higher risk).
Don’t trust everything you read in the papers or see on television or social media. And, to paraphrase former Prime Minister Benjamin Disraeli, always be on the lookout for “lies, damn lies and economic statistics!”
Today we live in a time of damn lies and economic statistics which are designed to disguise the reality that we are broke and the system is f****** do we really need a fibonacci rate to tell us we are getting poorer? and the overuse of the printing press has caused our societies leader to commit economic euthanasia on us the citizens.
The reality is being played out in our supermarket trolley, and by the amount of rent some have to pay. While on our streets the fallout can be measured in the amount of tents and smack heads who have chosen a life of drugs to release themselves from the reality of poverty and helplessness.
While the media will pump out misinformation, the lies that governments publish as many of them get paid not to question but just to print spin.
The constant lying is not aimed at making the people believe a lie, but at ensuring that no one believes anything anymore. A people that can no longer distinguish between truth and lies cannot distinguish between right and wrong. And such a people, deprived of the power to think and judge, is, without knowing and willing it, completely subjected to the rule of lies. With such a people, you can do whatever you want.”
—Hannah Arendt
Hannah Arendt was a German-American historian and philosopher. She was one of the most influential political theorists of the 20th century. ( Or the person who taught a whole political generation how to lie )
In Greg we trust !