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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ajtj99

Lou Weed

To: The Ox who wrote (74252)	11/29/2022 11:09:11 AM
From: The Ox	2 Recommendations Read Replies (1) of 98058

I wonder if XBI will be a good "January Effect" play this year? 2 years of downward movement should imply plenty of tax loss selling in the sector. It's also one of the leading indexes showing short interest, something over 30% at last glance. Certainly plenty of grinding lately... I would think it's setting up a strong move, question is which direction? Down is probably the path of least resistance, so maybe a flush first, then a move up?

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