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

To: Lee Lichterman III who wrote (53628)	3/4/2022 9:20:37 PM
From: ajtj99	1 Recommendation Recommended By Lee Lichterman III Respond to of 97424

Your killer dog has to be hungry after the long winter. <G>

To: Lee Lichterman III who wrote (53628)	3/6/2022 6:48:37 PM
From: Lee Lichterman III	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97424

I wasn't going to say anything since my charts really aren't saying anything definitive but with futures opening down fairly big .... Like I said, nothing really jumped out at me one way or the other. That is what bothers me. I still don't have a weekly buy signal in the SPX which is the index I give the most attention to. As a matter of fact, I was surprised that if you recall, it looked like I was going to get a signal a couple weeks ago midweek but it went away by the end of the week. Looking at the index since then, the fast stochastic has already climbed to the 50 line and appears to be curling down. I'm not saying we're going to, but there is the potential for some hard down ... dare I say crash? There are also some scary hints of things to come. After telecom ground down to 2020 lows, followed by biotech etc, MSFT has fallen below their channel from 2011. The only bullish signs I see are that we should be entering the bullish reversal cycle window this week. It's not a trigger timing tool but it shows the time from the top when reversals are first "possible". It just shows it could happen anytime from now vs it was too early up to now. The other thing is the extreme pessimism on various surveys like I mentioned before. On the other hand, as I said, reading around SI, a ton of self proclaimed gurus are still buying, calling bottoms non-stop etc. I did get some weekly buy signals on the NASDAQ that were negated a couple weeks ago which was also a bad omen though there was a very minor bounce. Oil opened at $125.50 tonight. Ouch!!! I'm regretting scaling back my MLPX.