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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To: Jacob Snyder who wrote (68355)	8/31/2022 11:42:56 AM
From: Lee Lichterman III	2 Recommendations Read Replies (2) of 97558

Government price controls are killing most of the drug stock charts I've been watching. I'm also noticing it bleeding over to healthcare in general making me wonder if this is going to be a "give an inch, take a mile" piece of legislation and the insiders know it. Are caps on medical procedures next? On the other hand, churches are still piling in buying up healthcare facilities and they usually make pretty good investments camel eye needle thing be damned. Yesterday was lowest volume day of the year and I'm thinking today might be worse. Watching SPXL this morning and it was jumping 10-20 cents a second. Not normal! No liquidity. Pretty scary to be trading when prices are jumping all over. I walked away right before the swoon so maybe now that there's a trend volume is picking up. On oily stuff, I have some new POSSIBLE channels on numerous stocks and ETFs. I'll be watching to see if they hold and maybe we've seen the top. They are gradual declining channels so not earth shattering, just a slow bleeding type trend. Right now we are still in the old uptrending channel too so it can go either way but I had no viable downward possibility until now.

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