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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (18785)	2/22/2021 5:05:33 PM
From: Sun Tzu	Respond to of 96942

So we are going to bounce off 13194? I was expecting 13196, but ok thanks :)

To: Qone0 who wrote (18785)	2/22/2021 5:43:04 PM
From: Sun Tzu	3 Recommendations Recommended By ajtj99 Lou Weed The Ox Read Replies (2) \| Respond to of 96942

Here is my chart and I am going to walk everyone through it. The significant areas of the chart are marked by arrows indicating the expected direction of the index. Each color means something different (we'll get to that). Areas of support or resistance are actually the tips of the arrows and not the + signs. The + signs tell you where you may want to place your bet, if the stock got away from you (or where you should have placed your bet if you were prescient ;). Your crab HOP targets the area of the two whitish + signs in the lower left. That area has a fair bit of action in it. Any time you see a cluster of + signs, that region is significant - so your crab is in the perfect place on my map. However, there is a black arrow in the middle. Black arrows are pretty rare and signify that the reluctant buyers capitulated and bought in. This leads to immediate rise and an inevitable correction around the corner, which is what you are seeing in the upper right hand side. The black arrow targets 13125 (+/- 2). So expect some resistance and possibly a failed HOP on your way to 13194. I hope this helps. PS Another area of significance is the cluster around 13340 (+/- 2). That number was significance to trading today. But since we have passed it, it is not as significant anymore and needs to be considered with the more recent action. PPS This Jan 31 - Feb 3rd time frame in a 30 minute chart.