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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 (63137)	6/18/2022 9:22:00 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 skier31 Read Replies (1) \| Respond to of 97597

I listened to another good podcast. They are also looking for a short term bounce. (Uh Oh). They think trash will bounce most since it has fallen most, (SunTzu?) They think the ARKK type, no earnings junk will fly. They went into some good stuff about how these stocks did creative book keeping and are still great shirts though. Stuff like Square, Shopify etc claiming profit but actually losing the same or more as they claimed they were making. They think energy is toast for a while due to crowded trade, Barron's cover a week or two ago and Cramer proclamation of it's the only safe place to be. Helen Meisler thinks the Semis are the next show to drop. I'm away from my computer again but I was looking at charts of prior large declines and energy got slammed in 2000, 08, 2020 etc. I know, "this time is different." I'm mad at myself for taking the last 2 weeks off from my normal weekend routine and not doing my pan out long term sector rotation looks. I just saw an OBVIOUS easy trade and realized I missed it by 6 trading days. I'm praying for a good bounce so I can get some of it. My outlook is mixed and confused here. Most of what I normally go by says we have much farther to fall long term. I'll try to throw some of my charts up later. On the other hand, long term trend (3700), some valuation models say we are close to where we should be. 3% interest 10 year is about 2018. Assume 6% growth compounded and from then to now, you get Thursday's 3665ish. Another chart I want to post is a long term chart of trading volume. They suckered everyone in for the Y2K top and volume made a big decline then based after the GFC of 08, it made a nice rounding bottom that if it was a stock was a screaming buy and then climbed back up to 2021. We are topping now it seems.