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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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From: Jacob Snyder3/18/2022 4:36:04 PM
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ajtj99
ItsAllCyclical
Sun Tzu
towerdog

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Today, closed my VIX short, and started shorting QQQ at 348, and more at 351. Short more QQQ every 1-2% further upmove. Reached the early-March highs today. I doubt QQQ gets higher than the early-February highs. For now, I am guessing, QQQ moves in a channel, 25dsma +/- 10%. schrts.co

I will continue to short the rallies, until “a significant reduction in the Fed balance sheet” is the consensus. Powell has promised exactly that, but the market does not yet believe it. He will at least try.

Also, I am becoming convinced, guidance when 2Q22 results are announced, will lower expectations, for profits and margins, in most industries. Sales may continue higher (inflation effect). So I will likely short the rallies, through next earnings season.
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