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: Qone0 who wrote (52890)	2/25/2022 4:20:51 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) of 97604

Did I misunderstand that Scott said to use March 2020 low as the zero for all the fibs and reference everything to that point? I think your chart and levels would look different if you did that, no? Anyways, re: using the business cycle chart that I posted, my is that I just eyeballed where the top of this cycle should be and it mapped to 4088 using not much more than a bill envelope and some mental math. That is close enough to the 4100 low we just got. In looking at the previous super runs (2000, 2007, and I expect now) the overshoot doesn't neatly pierce through the fair value and sink. Rather it crisscrosses it at least 3 times on weekly/monthly charts. So we may drop to 4000 or so, then shoot up to 4800 then down, up again and finally a drop to 3700 area (or lower, depending on what else is happening in the world). Have a look at that chart. It is a rough sketch (which is the best I can do with stockcharts) but you should be able to find decent harmonic patterns in it.

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