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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kimberley

To: Lee Lichterman III who wrote (61199)	5/26/2022 2:31:24 PM
From: Lee Lichterman III	2 Recommendations Read Replies (1) of 97817

Breadth looks great but volume is pitiful. I think everyone already headed to the Hamptons for the long weekend and they've turned the interns loose with instructions to just keep the SPX over 4000. I'm quitting. Price is spiking too fast, there's no depth. The moves aren't big but risk is high for a sudden move in either direction. Also noticing how crap is floating the most. The worst they are, the more they're up today with the exception of previously heavily sold stuff like BIDU, BABA, NVDA that had earnings yesterday. DG, DLTR up 20%? Same store sales for one of them were down. This isn't normal. God I pray the Fed doesn't blink. This market needs to learn a lesson for once and it's going to take real pain to do it. Reading around SI and everyone is buying and proclaiming the beginning of a new bull. Like I said though, for now breadth looks good. Even my cruddy bond funds are smoking. I think that scares me the most.

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