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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Sun Tzu who wrote (88873)12/27/2024 12:51:05 PM
From: Tweets Boar Hog3 Recommendations

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ajtj99
skier31
Sun Tzu

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My read is this is probably a 9 month low, w/r to the April 24 low. More or less right on que. Probably in the C down now of an ABC, might end at higher low or lower low. Who knows.

Should be over before mid Jan. Then a long run into mid summer? Major mid summer tops been the pattern now for a few years.

Full moon again on the 13th.

Been looking for stocks that appear to be consolidating and holding here. Like Cohu.

Tweets

This has been a bit of a frustrating stock for me. I played it in 2022 and made a bit of money, sold just before the B top. Bot back in post the B top too soon. It looks like it is putting in a Bull Flag to me. Nice weekly pattern shaping up on the Rsi. Historically Cohu likes to make these big moves, then correct hard for a spell, sometimes a decent spell.

A nice big fork. Imo the major LT cycle is not the red 4.5 yr cycle, which is present, but the longer 5 year plus blue cycle. Both appear to have bottomed coincidentally, at a major wave low, which is normally bullish.

Why the longer 5 year plus cycle? Well don't quote me, but I think Cohu's largest export market is China, this is a LT cycle associated with the Shanghai. The Chinese markets are going to make a major push this year imo, Xi has appropriated lots of funds to the chip industries.

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