Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: da_cheif™ who wrote (171766)	4/19/2022 1:03:37 AM
From: Drygulch Dan	Read Replies (1) of 221613

It seemed that way at the time I wrote that. But your post got me to relook at the chart. So I could also see that it could rise from this area in a change of overall direction creating an inverse head and shoulders pattern stretching back over the last 3 to 4 months. so maybe a change of direction is in the cards. My positions are pretty locked down for now just waiting this period out. I have a pet theory that Tax time is generally tough on the market as people are shedding cash this time of year...I know I certainly did, what with selling a small farm last year. Without good planning and discipline sometimes it hard to raise the funds for that demand that the Fed and State require this time of the year.

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