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 (73725)	11/10/2022 5:08:36 PM
From: ItsAllCyclical	1 Recommendation of 97958

I would expect some sort of pullback to retest the 3900 area at a min at some pt tomorrow or early next week, but this could in theory extend all the way thru Thanksgiving week given the low volume present there. The DOW and the NYSE broke their downtrends today (daily), but SPX could easily move to 4100 before finding bigger resistance. I'm more interested in what happens to the Dollar here over the next few weeks and rates. Given the big move in the Yen I don't think anything has changed currency wise. Dollar still very likely to make new highs over the next few months. Not sure on the 10 year yet. Were it not for zero covid oil would have been sharply higher today w/the general market (I suspect). Obviously some of today's action is that we finished down 2% yesterday and we had a number of shorts looking at breaking the 3700 level today which would have led to a pretty big flush.

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