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

From: Sun Tzu	1/30/2024 5:48:55 PM
	1 Recommendation Read Replies (1) of 97912

AMD is the reason I jumped on shorting SOX. That dark red line is from the daily chart (lighter colors are always from whatever timeframe the chart is running at). AMD closing below it is bad. But chances are that it will bounce back to red line. Then you will have the harder decision of whether to short there or move with the bounce. Much depends on what Powell says tomorrow and what Apples says after the bell. Apple's chart has been toppy and the market expects them to disappoint. So if they just make their numbers, maybe they will turn the market around, hard to tell.

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