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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (59037)5/11/2022 3:00:26 PM
From: Sun Tzu  Read Replies (1) of 97963
 
As requested, here's the notice. We are there. Think of this in a similar manner as Q's completion point. Other things still need to happen for the bounce. What you want to see is one of two scenarios:

(1) An acceleration and increasing rate of fall (e.g. -300, then -500, then -800 points on NQ),
OR
(2) A rounded bottom, which you can typically recognize via divergence with the NAAD 50DMA or cumulative hi-lo volume.

My preference is for #1. You can see an example of it, but on the opposite side, in March of 2020. Look at the melt up in the chart from there. You want the opposite now to make a symmetrical chart. I know how much you love symmetry <g>

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