ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: ajtj99 who wrote (41362)	10/29/2021 2:44:22 PM
From: ItsAllCyclical	3 Recommendations Recommended By ajtj99 Lee Lichterman III towerdog Read Replies (1) of 97293

Looking for MDY to hit 496 again, mostly likely next week (lines up FIB/ABC and horizontal res). Overshoot to 492 possible w/gap fill. On a risk adjusted basis favor that ETF for simplicity going into EOY. Should be off to the races once that is hit and we reverse. No position currently as I have other individual plays I like better, but if/when I want to deploy remaining cash quickly nice way to do so. Have too many things I'm interested in buying/adding to but have to be patient given ST market run, sentiment and tax loss selling will likely continue w/some issues almost till EOY. Select energy is probably the first area I've been adding again (HAL, NOV, others). Uranium (select) is buyable again so adding there. Also added back CFG first time since selling today. Don't think we need a deep pullback, just enough to reset sentiment ST. We may also just continue to melt up but I think that's less likely. Don't really cares what happens w/market, much more concerned w/trading around my positions. More for fun. Approx 20% cash and minor/cheap ST hedges in place.

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