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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 (59734)5/12/2022 10:49:02 AM
From: ajtj992 Recommendations

Recommended By
Lee Lichterman III
towerdog

  Respond to of 98114
 
The MSFT H&S top on the weekly targets around $200, where it may meet the rising 200-week SMA:

schrts.co



To: Lee Lichterman III who wrote (59734)5/12/2022 1:44:18 PM
From: Lee Lichterman III4 Recommendations

Recommended By
ajtj99
Sun Tzu
The Ox
tntpal

  Read Replies (3) | Respond to of 98114
 
Everybody keeps saying we have to bounce because the Fear/Greed Index is showing single digits, the AAII sentiment gauge is showing too many bears and not enough bulls but if you think about it, it wouldn't be real fear if everyone is still trying to time a bottom.
What people say in a survey vs what they are doing in real life are two separate things. When the stock picking threads stop buying, the perma-bull thread goes quiet, that's when we will be near a bottom.
Posting the CNN fear/greed index 5 times a day doesn't do anything either -ggg-