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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (43336)3/15/2022 7:03:14 PM
From: Jacob Snyder3 Recommendations

Recommended By
ajtj99
Lee Lichterman III
The Ox

   of 97599
 
XBI: being short, has been profitable, for over a year now. I think this may be coming to an end: schrts.co

1. Mid-60s, the 2018 and 2020 lows, is probably the worst-case scenario.

2. Buying when the weekly rsi = 30 has been an excellent entry price in the past.

3. Dips below the 200wma have been good entry prices, brief, and rare. Far below there today.

4. Today’s price is below the 2015 high. But the technology and practical applications have advanced enormously since then.

I have begun buying the dips. Started at $85, added today at $81. Lighten up on rallies to $89. I expect continued volatility.
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