STILL N OF PIKE

When did it snow in 128 belt . Went to bed around midnite with a few flakes on car and radar looking weak

Kev pumping Loli’s for a inverted trough Riveting

SP futures up big this morning . What a critical day regarding short to medium term outlook. Sp futures up to 4640 (4630 was critical resistance ) if they hold (given the amazing correlation with crypto regarding direction of inflows / outflows And the general global risk on / off appetite meter ..Then crypto soars . If SP 500 can’t hold its current futures price and sells off below 4570 then crypto will be sea of red . Big day

And as far as Bitcoin and SP 500 and their tremendous directional correlation . This Rally today should be treated as a dead cat bounce that will be sold . * Unless the fed gets spooked and backs away from a faster taper an puts the vix back into its 18 month falling channel (that it massively broke out of last week) the rallies will be sold before they make higher lows or higher highs and we will retest SP 4510 when that breaks we fall way down and then BTC will break 42 K support. I envision the fed coming to help the markets and calm them and that would probably mark the bottom . If the fed waits a long time I can see BTC 30 K no problem . We just saw a example of how fast it falls

First I respect your opinion but I believe it’s more dangerous then fed continuing to be accommodative with policy What is wrong with this prevailing logic amongst intelligent people is they fail to realize that monetary systems have a finite life and we have a aging Population dependent on pension system . I really noticed they can’t get their head around that and most likely because they don’t want to . There is not a floor beneath this market . It’s not SP 4300 3800 It’s much much lower , same with SP , just as speculative excess was engineered on purpose to lift assets to keep people feeling wealthier and spending , otherwise GDP growth has been anemic . Peoples balance sheets will show insolvency if fed raised rates Past 1.5 to 2% . The ensuing asset price fall would guarantee it . (now that would clear the bad debt but it would cause a depression and more populism then we had last year . These day’s The Economy doesn’t grow (Above 1.5%) without a new war or direct government stimulus . It’s called debt saturation . Which is why the fed stepped in with a policy of asset price inflation 10 years ago . Did you notice house values go parabolic and house price to income ratios go passed a few standard deviations . That was engineered! *To keep people spending and avoid a depression because monetary systems get old and die and they wanted to kick that can * . They can’t out and out say that . There is a common theme of folks not quite understand how “sick” the system is . It’s been on Fed life supper since 2009 (with maybe a break in 2018 when it fell 20%) . A sick market doesn’t take medicine it’s handled with kid gloves or it collapses . I hope people that can’t get their head around that don’t have to see it . It would be a reset of the global monetary system and I can promise America won’t have the world reserve currency in this new one , and the standard of living would be significantly lower for your kids

All the top 100 coins fell 20-25% in 10 mins I have a good chart that shows a very high correlation of liquidity conditions / and risk asset directional price correlation between stocks and bitcoin. They move in the same direction only crypto’s moves are magnified in either direction The fed needs to get its head out of its azz bc if they don’t let the market know ..that they stand ready that move could come to equities next week Two fed governors had to step down this year due to buying / selling stocks at times that correlated with their advanced knowledge of what central bank new policy was going to be . I hope Fed chairman’s Powell is probed On If he sold stocks prior to making the perplexing speech that has sent markets tumbling . He did a 180 and used omnicron variant as a reason tbe fed would print less money citing any potential impact of the variation Would make supply chain bottlenecks last long (which has led to higher inflation) the comedy is the fed has. No tools to adjust or weaken a supply chain bottlenecks However apparently they think trashing asset prices (of stocks and soon uninflating housing ) is going to make The pain of rising milk as gas prices better . morons yes , and they were the clowns that adjusted their inflation goals higher last summer ..begging for a little more and make they got it and look like idiots

Rip Crypto flash crash bitcoin and ether fell another 15-20% in 15 mins

Signs would be the fed announcing they won’t accelerate the tapering of asset purchases a idea they floated Tuesday and well that went well lol I wouldn’t buy bitcoin or SP 500 or even try The market is just like a spoiled little brat that always gets his way All the buy the dip buyers from the whole year that were rewarded every. single. time. Just got their face ripped off 2x this week . so the buyers are underwater and the Fed needs to step up and tell the market literally we will step in . Bc right now they did the opposite Tuesday and a fragile Leveraged market started crumbling . We now sit at critical support . Right on a trend line from the initial rise from March 2020 . We need a bounce off 4510 below that is 4435 on SP500 and then a big air Pocket below that BItcoin would Likely be in the mid to upper 40 thousands if SP fell to 4435

Wouldn’t buy today but it’s dipping to critical support at 54 k as stock market falls hard ..again buy the dip traders trapped

Has a Black Friday feeling in the market today Vix volatility index broke out of a 18 month falling wedge last Friday and Since then the market has been up/down in a way that has preceded “bad times” Hopefully fed support lifts it there are a record amount of trapped buyers who were rewarded for a year “buying the dip” and that strategy paid off till this week . Most inflows into stock market in a year ever and most leveraged market and now tons of trapped supply (buy the dip buyers who can’t buy this time ) bad news today would be interesting to see play out

The market is not falling from “omnicron”. It’s internals and credit markets signaled downside over two weeks ago when the market made a high in early November 80 % of stocks were declining and 20% were advancing . That’s what they call ugly “breadth” basically Internally small and mid caps were falling but the biggest tech stocks (hugely weighted in indexes ) we’re still rising , giving the facade of a strong market . Text book of internals before a fall And leaves it *fragile to any bad news it’s falling More because the fed slapped it upside the head On Tuesday by saying they may Pullback support faster than planned . (They will take that back as market unwinds ). Omnicron was a catalyst for a internally fragile market but as Gottlieb came out and said if you are vaccinated and have the booster you should be protected just fine . That calmed the smart money on that front . Bottom line is you can’t normalize monetary policy in a leveraged sick market , they haven’t in 15 years and any attempt leads to a rapid unwind and reversal of their course . Some Prominent experts don’t seem To understand their is no good choice and we had QE for 10 years without boosting prices of goods , it’s supply chain and partially stimulus money drops that pushed up inflation Lately and mainly the former . Supply down , supply stuck in containers and demand consistent = prices going up . Removing fed accommodation doesn’t relieve that it compounds the situation by tanking asset prices

He is a regular on CNBC https://northmantrader.com/2021/12/01/the-good-the-bad-and-the-ugly-2/ market intervals have been dogcrap for weeks made new highs last week , and it was so ugly under the hood , that new highs were made on 80% declining / 20 % advancing (individual stocks ) . Meaning a few large caps were holding the market up . New highs were made on very ugly negative divergence ..long before omnicron . Ditto credit market tickets HYG/JNk they raised red flags last week Then Powell shot market in face yesterday by saying they may taper sooner , especially if Covid gets worse (they almost seem lost) . The fed targeted high inflation last summer , begged for it , now its here , it’s not as “transitory “ as they thought and they are now acting like they pull back on monetary policy to fight the inflation they literally asked for Last summer ,all in The face of the largest global asset bubble in history . One thing Mohamed El-Arian and a few other don’t get is a healthy market can take a tightening cycle , it’s a logical decision . However let’s call a spade a spade , this market has been on central bank life support (Q.E since 2009 ) , never normalized policy and when they tried in 2018..they had to reverse course when rates headed up ..this is an aging monetary system ..on life support..and it is the most levered in last 70 years !! . The fed has no good moves . Maybe we get a Santa rally that fails at current overhead resistance (that we just fell from ) look to be heading for 4480 on SP500 first

Doesn’t look like shiat is happening this eve

Good heads up Supernovice That story is a big market mover Soon we will all be on lockdown ...playing in the metaverse . Half kidding Buy the dip in lockdown stocks and play to earn crypto /metaverse platforms (games come and go) The amount of money going into the metaverse infrastructure and development is monumental and the Covid story is pure gasoline (assuming the narrative grows)

Crypto is silly . I’m not sure people notice it but just take a peek . look what sectors are growing within the crypto ecosystem . Play to earn gaming , metaverse , augmented reality . What happens when huge capital flows into a rapidly expanding sector of crypto market , that is forecast to grow about 15x in sector market cap over next few years let’s see how the last week went in metaverse sector . Almost all of these ..maybe 50-60 coins Are up 25-100% in the last week . The week before was the same . When the market cap grows this fast.. crazy things happen Just spelling it out how I wish someone did for me months ago. It’s more than Bitcoin , Ethereum and doge coin scroll to the last 7 days gains https://www.coingecko.com/en/coins/metaverse-index

Prob one of the few coins that you could be in over the last two months and lose money Play to earn gaming , metaverse anything , and Augmented reality is a segment that is growing exponentially wether BTC rallies or goes side ways or falls 10%

Zzzzz

And they are now up 150% today

Went in on Zoo world at 2am, they just changed their white paper and decided to burn 75% of tokens

Hippy , I was just looking at data that the sell off was driven by A ton of derivatives going short term (bearish) and not selling among BTC holders . In fact data shows Whales bought the dip big time . You may be right . Today’s chart looks like it will make a run at 50 day moving average this evening . If it regains 50 day , it’s a fake breakdown and of course bullish

Did you see my coin pick I sent you last nite on Pm and why metaverse miner up 150% today

It’s cutting thru that number . 100 day is first stop and it’s gonna go side ways for a little bit, 54K is the best bottom it’s gonna find Unless maybe Biden nominates Brainard as new Fed Chief next couple days (instead of reappointing Powell) . The crypto tax laws in infrastructure bill and mt gox settlement announcement (adding 120,000 bitcoins to exchanges ) are not bullish events . A small corner of the market is unaffected . Mana and Sand rocking today . lol I just saw powderbeard noticed same thing . Also many NFT names like super rare and some Other play to earn games I don’t see this knee jerk bouncing quickly as it just cut thru major support without much fight - the one odd counter point to that is if you pull up a chart ..BTC often does poor on the 18-20 of each month and sometimes bottoms the end of that period ( someone said monthly rebalancing by large crypto institutions ) but cutting thru 50’day support is significant 54 k 1’st bottom potential 50-51 Knext and then 48 K and 44 k

Been busy extensively studying crypto market Sold 75% of what I owned in last day as BTC tested its 50 day moving average multiple times (with weak bounces ) before failing last hour . I sold because I took some profits and because my positions were relatively new (Bought semi high and knew I as to be ready to exit if major support levels were tested ) , Also most importantly .... there will be some much better entry prices ahead . (Lower prices ) Bitcoin is now at 57.8 and it should fall to at least 54 K (100 day moving average ) and as long as it stays above 43,500 it will not invalidate the long trending bull Market . Alt coins move exponentially (magnified ) in the direction bitcoin Heads, so when BTC tests its 50 day moving average several times in a few days , it’s a wise move to take profits In that situation , or if your new in a position or if you for some reason bought into something after it 3x’d in the last month in a half . Otherwise you are begging to be trapped . The exciting thing is BTC’s fall (while maintaining a Longer term uptrend ) will present some huge sales over the next week (or 3) . Opportunities to get in at very Low prices where you can see excellent appreciation . im very interested to see how Gaming (play to earn ) and NFT sectors (Hold up or sell off more ) during the bitcoin fall . It’s sort of a tough call as these sectors have seen biggest gains but are also growing fastest . This should be a very lucrative opportunity in a few weeks in many coins

Ya , it was nice coming out of the alpine club (Vince McMahon was up there tonite ) to a steady snow with accumulation Usually you can’t get in there unless you own but solstice was closed. The wind by the pool and jacuzzi was gusting and it sounded like a train was coming . Best winds I’ve been in all year .

Slight accumulation at Stowe lodge it’s winter here for the nite