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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (51694)2/12/2022 11:09:44 PM
From: Lee Lichterman III1 Recommendation

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ajtj99

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Never had a Bissell apart so I don't know if the terminals are spade connectors or soldered on, sorry.
I have a Bissell but it's at my other house being used to dry the basement carpet from the water heater fiasco last week.
Speaking of soldering, my soldering gun that I've had for 40 years died yesterday. LOL I got one from the 1950s in a box full of old power tools somewhere but I can't find it. I bought the whole box full for $5 at an auction a couple years ago and stuck it in a dark corner somewhere.
Ran through charts real quick this afternoon and we're either getting close to a bottom or about to fall off a cliff. I'm leaning towards the latter.
The R2K has been destroyed and the NASDAQ/NDX looks like it wants to follow it.
I guess I should have done a screenshot but one of my big picture charts shows "most of the time" during a correction, we dip below my line, recover above it, stall then retest the line and take off back up. However, in serious declines, we break the line, recover, stall then crash below again and go into freefall. We broke the line, recovered, stalled and are just barely above the line now. The MAs, momentum indicators and R2K just don't look like they are ready to reverse back up though.
Looking at sector rotations, energy and oil are about the only sub indexes that look bullish with the exception of "maybe" the gold index which is either in the early stages of a breakout or just yet another head fake in a long line of head fakes.
May we live in interesting times... -g-
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