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

To: Jacob Snyder who wrote (58829)	5/4/2022 12:03:28 PM
From: ajtj99	Respond to of 97327

Thanks for updating all of that, Jacob! Great stuff!

To: Jacob Snyder who wrote (58829)	5/4/2022 6:12:23 PM
From: Jacob Snyder	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 97327

QQQ shorting plan: If we are starting a rally: 372 = March high 25dma +/- 10% is my guess of the range = 306-374 currently. The March rally was 17%, 317 to 372. If we get a 17% rally off recent lows, QQQ does 310 to 363. schrts.co So I have 3 guesses for the top of the next rally: 363, 372, 374. Average of those guesses: 370. But this is a rough guess, unlikely to be exactly correct. Half that upmove is 310 to 340. 340 also happens to be the 25dma. Plan: begin shorting at 340, add in increments above there. Sell RiskOn long positions if I need $ for more shorting. Assumptions: 1. The Fed will do exactly what they say they will. 2. The Fed can do nothing about supply shortages. They just said exactly that. 3. Ukraine war and China lockdowns = continuing supply shortages = continuing inflation. Neither shows any sign of ending soon. 4. QT= lower stock valuations, especially for QQQ components. 5. Inflation = margin compression for most companies, especially consumer discretionary.