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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: catou1 who wrote (74588)12/12/2022 12:28:27 PM
From: Sun Tzu2 Recommendations

Recommended By
ajtj99
towerdog

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Once again, harmonics and my system are in rough agreement.

If the CPI/Fed is friendly, then SOX will jump ~150 points (you have it a bit higher) to the HOP before heading down. But if the numbers are worse than expected, a retrace to 0.618, which is ~400 points lower.

As an FYI, Cleveland Fed's nowcast is placing the CPI well above expectations, though they are not infallible.

PS I think if SOX breaks 2650, then your 0.618 is a given.

PPS I suspect we've seen the high of the day for SOX, BWDIK


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