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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ajtj99

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To: Jacob Snyder who wrote (44875)	11/30/2021 12:45:10 PM
From: Jacob Snyder	2 Recommendations Read Replies (3) of 96623

NYA below 200dma. Haven’t seen that in a long time. schrts.co Reasons: 1. Omicron 2. Faster taper 3. Officially, inflation no longer transitory 4. Exuberant valuations None of these reasons are going to go away soon. Maybe omicron turns out to be no worse than Delta, but at best we won’t know that for several weeks. The other reasons will continue much longer. I have been predicting greater volatility and deeper dips, and here we are. The September dip was worse than previous ones, -5.6%. 16000 was support in May, July, September. From the recent ATH, 16000 is -7.9%. I will not be entering long positions till then. Buy targets: oil, XOP 90; copper miners, copper $4. The only exception will be, the China internet stocks I have been buying in small increments as they hit new lows. If I am wrong, and NYA doesn’t reach 16000, I will patiently wait for the next deeper dip. Thinking about buying Tesla puts on the next rally.

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