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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Lee Lichterman III who wrote (59543)5/11/2022 6:55:43 AM
From: Lee Lichterman III3 Recommendations

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ajtj99
Sun Tzu
towerdog

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I'm getting tired of not sleeping. Up all night again so was looking through old charts I hadn't looked at in a while.
Oil Bulls be on guard. I tried a pitchfork on the OSX that has the center tine on the 2014 top, the low of 2020 and the recent high and it fits pretty nice. We may be near a high.

Looking back at prior downtrends and we could just be at the beginning of ugly times. I was noticing how there were often double tops, rebound rallies that looked very convincing. The Y2K saw the NASDAQ top in March but the other indexes held up fairly well. The NASDAQ bounced in April, then there was a June-July bounce and chop all the way until September before the real decline started. The S&P had a double top in March and September. The DOW and Utilities didn't drop until November. DOW and UTEs sound familiar???
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