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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Lee Lichterman III

To: Lee Lichterman III who wrote (57933)	4/26/2022 12:26:25 PM
From: The Ox	2 Recommendations Read Replies (1) of 98700

Yes, Lee, very true and one reason why lower prices are very likely to continue for a while. I will say that the bearishness is also ramping up substantially and at some point, it will cloud the future at the worst possible time. Naturally, the underlying issues aren't the same but XBI is all the back to early 2015 if one looks at the price alone. So 7 years of the future has been discounted. There are more discounts on the way in plenty of sectors, so who knows where XBI's bottom may be found? Plenty of reasons why it could be in this area, price wise but no reason to think that a downtrend in the current market psychology will decide it's time to "turn up"....most likely, more Foo Fighers "breakdown".

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