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


To: ajtj99 who wrote (54698)3/15/2022 4:17:21 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97926
 
The market is acting as if we are headed for a 2008 kind of scenario. That is scary. I am hoping that it becomes more like a 2011 deal. Back in my school cafeteria, someone had used permanent marker to create dark humor nuclear humor on a tray. One line read, "A nuke a day can ruin your life." Another read, "In case of a nuclear attack, this tray provides no protection."

I will have a market update for you on my chart before the end of the week. It will either confirm a (temporary?) bottom or will confirm the downtrend and tell you to sell into the rally. I am leaning towards the latter. SPX has positive divergence and NDX is negative. So one of them will have to join the other.