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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: kwills who wrote (74908)12/19/2022 2:57:23 PM
From: edward miller2 Recommendations

Recommended By
Jacob Snyder
towerdog

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Since nobody commented I want to say that this chart looks like incomplete information to support a narrative.

The problems I have with this chart are that it implies the rest of the market is already down to support while the mega caps need to drop significantly to catch up. That is probably true but the rest of the market in wide red only goes back to ~2016. Also, where is the long term support for that group? We can't tell because the prior price data is missing. The rest of the market could also have a lot more price to give back.

The other factor is that the support drawn is so far back in time that I doubt it is relevant anymore. What is our money actually worth today compared to so long ago?
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