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

The Ox

towerdog

To: Sun Tzu who wrote (74739)	12/15/2022 9:15:19 AM
From: Sun Tzu	3 Recommendations Read Replies (1) of 97962

So now that we got a tiny bounce at 11700 and fell through, count in ~200 point bands until we get to ~11100. Then we'll know if we'll make a lower low. SOX of ~2350 over the next 4 weeks is not unreasonable. SOX has been a leading indicator for NDX. It is less likely to make a lower low than NDX (I suspect 2200ish is where it will bounce from to mark the end of tech bear market). Maybe history will repeat itself and SOX will let us know how bad NDX can get. BTW, this is my 31,000th post on SI. If I had spent that time writing to publish, by now I'd have my 3rd book out :-/

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