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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Sun Tzu who wrote (45431)12/2/2021 7:40:37 AM
From: Lee Lichterman III1 Recommendation

Recommended By
ajtj99

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I am in the process of cutting down a tree like that now. I do a little bit every week. I am about halfway done so far. It was a 80' oak that was leaning towards my shop. After losing 2 trees this year, I decided I wasn't going to risk my shop.
I topped it in sections and have it where I can just cut the rest down without it hitting the building but I'm out of room for the wood so now I'm splitting what I cut so far.
I can only do a little every couple days before my back gets sore. Each piece of the trunk is 3 feet across and weighs over a hundred pounds. Trying to maneuver each piece onto the splitter and between splits just wears me out. I'll probably get 5-6 cords of wood from this one tree by the time I'm done....if I ever get done.
Futures seem stuck here and might have formed a bearish flag overnight. NDX lagging due to AAPL being down 3 points.
EMA scans last night show us in bounce territory unless this is a February 2020 type drop. We're also getting volume spikes the last couple days and a high VIX. If this is just a typical drop and not the start of a bear, we should bounce soon. Let's scans were in the single digits for 10 & 21 EMAs and the lowest in a long time for the longer term EMAs.
The waterfall drop scenario AJ talked about is very possible. I have a modified Bollinger band chart I keep on the indexes and it was flashing warning signs for the last few weeks. We dropped outside the lower bands on a couple of them and that usually means ugly action ahead. However, even in February 2020, there were a couple headfake bounces on the way down.
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