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


To: sunabeach who wrote (21753)3/25/2021 9:07:08 AM
From: The Ox2 Recommendations

Recommended By
ajtj99
Lou Weed

  Read Replies (1) | Respond to of 96546
 
I'm seeing a lot of (what appears to be) excessive negativity at the moment. To the point where today could easily be a short term reversal setup.

Just something to watch for. I'm not sure this is how it will play out but if we get a very strong down move at the open, watch the 10-10:30est for the turn and 10:05 would be the most likely time slot for this. Again, I wouldn't bet on this yet, see it happen then consider jumping on the turn... just what I'm looking at this morning...we'll see...

It's very possible we test some of the short term washout lows from earlier March next week....

--I have been watching this:
schrts.co



To: sunabeach who wrote (21753)3/25/2021 9:16:45 AM
From: ajtj99  Read Replies (1) | Respond to of 96546
 
The container rates are through the roof as well. So many ships were taken out of service a year ago, and then they were slow to get them back in because the rates were so great with full ships.

Once they started adding ships back on, USWC port issues started up, with shortages of dock workers due to Covid-19. It's likely that backlog of anchored ships off the USWC won't be worked down for another 2-3 months.