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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 (59037)5/5/2022 12:01:16 PM
From: Sun Tzu  Respond to of 97967
 
Of course!



To: ajtj99 who wrote (59037)5/5/2022 12:02:03 PM
From: ajtj99  Read Replies (1) | Respond to of 97967
 
When I said Call Killing Thursday, I really didn't expect a wholesale genocide like we're seeing.



To: ajtj99 who wrote (59037)5/11/2022 3:00:26 PM
From: Sun Tzu  Read Replies (1) | Respond to of 97967
 
As requested, here's the notice. We are there. Think of this in a similar manner as Q's completion point. Other things still need to happen for the bounce. What you want to see is one of two scenarios:

(1) An acceleration and increasing rate of fall (e.g. -300, then -500, then -800 points on NQ),
OR
(2) A rounded bottom, which you can typically recognize via divergence with the NAAD 50DMA or cumulative hi-lo volume.

My preference is for #1. You can see an example of it, but on the opposite side, in March of 2020. Look at the melt up in the chart from there. You want the opposite now to make a symmetrical chart. I know how much you love symmetry <g>