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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: towerdog who wrote (74863)12/16/2022 4:53:33 PM
From: Sun Tzu1 Recommendation

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ajtj99

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As I see it, there are no events to cause a major rally and the trend is rolling over. So I don't see why I'd risk losing my position rather than enjoy family dinners and outings.

Here's the 4hr SOX chart. I grant you that I would have preferred it to go down 100 points today rather than crawl its way back into the trading range. But it did break range. So it is more likely to land 200 points lower than 200 points higher. I just don't want to babysit it. I have stoploss to protect me.

PS See the note that my bottom indicator is saying: "Oversold - strong downtrend" I take trend over other conditions any time.



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