All posts by Jeff Cooper
The Hitchhiker’s Guide to the Financial Fiasco
Is the biggest confidence game in history collapsing? We are in a confluence of cycles flagged in this space over the last 18 months that are exerting their downside influence. These are both “natural” cycles and market cycles. They are exemplified by a convergence of three macro imbalances: The debt problem of the 1940’s. The […]
Continue Reading -->Why Gold Could Hit A New All-Time High In March
Tuesday morning’s Hit and Run Report, “The Completion Of Golds Long Consolidation Is On the Radar” stated, “Breakage thru the open gap at 178 and the Train Tracks sell signal at 180 (on GLD) suggests A FAST MOVE COULD OCCUR INTO THE END OF MARCH.” That notion was powerfully validated on Friday as GLD blew through a tops […]
Continue Reading -->The Powell Pickle: Is the Market’s Next Wave Straight Down?
“Men it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” -Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds Financial conditions have tightened and we still have inflation. This is the Powell Pickle going into […]
Continue Reading -->Are the Wheels Coming Off the Bus?
“We put thirty spokes together and call it a wheel, but it is on the space where there is nothing that the utility of the wheel depends.” -Carl Jung “If your memory serves you well You’ll remember you’re the one That called on me to call on them To get you your favors done And […]
Continue Reading -->Risk Goes from Slow to Fast
Bear markets reveal two conceptually correct concepts about the nature of risk. 1) Risk/surprises happen in the direction of the trend. In bear markets these “surprises” seem more dramatic because markets do down faster than they go up. 2) Sometimes risk is just risk and cannot be hedged. A week ago we walked through the behavior of […]
Continue Reading -->The First Mouse Gets The Squeeze…
Six years after the bad monetary policy following the pop of the 2000 Bubble we had a crisis. Ten years after the bad monetary policy following the Great Financial Crisis we’re in another crisis. For ten years leading up to 2022, the Fed was trying to create inflation. They finally got their wish. And the […]
Continue Reading -->Why Tesla’s Friday High Is Key Right Now
Tesla (TSLA) crashed from 314 on September 21, 2022 to 102 on January 6, 2023. My Square of 9 Wheel shows that 314 is 180 degrees straight across and opposite January 6th for a Time/Price Square-out. As legendary stock operator WD Gann wrote, “When time and price square-out expect a change in trend.” I explain it […]
Continue Reading -->The Bears vs. the Soup Nazi
“I have squandered my resistance For a pocketful of mumbles Such are promises All lies and jest Still a man hears what he wants to hear and disregards the rest.” –The Boxer, Simon & Garfunkel Stocks rose sharply on Friday as the market followed through from Thursday’s upside reversal from the SPX 200 day. Thursday’s […]
Continue Reading -->The Manic Bear
Since the October low, the SPX has carved out two 6-7 week rallies interspersed with a drop into a December 22 low. The Bear Flag in the 3rd week of December had many players betting on immediate breakage to a test of the October low… or lower. But the elevated year-end tax selling when the Santa […]
Continue Reading -->Where Gold Is Going Now
Gold rallied from 1613 to the mid-1900’s from early November to early February. That’s a textbook 90 degrees in time. Long-time readers are familiar with Hit and Run’s use of the geometry of Time and Price in keeping with the methods of legendary trader, W.D Gann. Gold’s 90 degree/day rally is a text book example […]
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