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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (75827)1/13/2023 3:31:50 PM
From: Lee Lichterman III1 Recommendation

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ajtj99

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My only concern with being short right now is Yellen saying we'll hit the debt ceiling on the 19th. If I understand it right, that means they start draining the TGA without replacing it so all that money just goes straight to the economy and filters to the market. The balance was around 346 billion as of yesterday. That's 4 months of QT erased. I haven't dug in to see how long it takes to drain that much. I never really dug into it so I don't know if it's as simple as looking at the normal payouts and just taking out the usual deposits or if it's more complicated than that.
Otherwise, I think your timing is probably close without looking at the charts recently. EMAs, advance/decline were near reversal zones and I had some daily sell signals starting to fire but no weeklies yet though they were the SPX and R2K, not NDX.
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