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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 (69775)	9/20/2022 4:03:36 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 97653

I just think this market is nuts. I like to understand the other side's point of view, even if I disagree with it. It makes me uncomfortable when I do not understand it. Anyways, since I've posted my top winners often, I thought it is only fair to also post my bottom losers. Here's my bottom 5 losers for the day.

To: ajtj99 who wrote (69775)	9/20/2022 4:33:09 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 97653

Are you long or short? What do you think will happen? (1) With rates (2) With the index.

To: ajtj99 who wrote (69775)	9/20/2022 4:34:22 PM
From: Lee Lichterman III	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97653

Some of the FOMC meetings they take it near support or resistance and then we just go flat and do nothing. The whipsaws come after the announcement. The first few minutes shoot up and down as people try to jump on the trend that isn't thinking we cleared the support/resistance. If I remember correctly, last time we shot up, then down then up again and then stalled while everyone read the statement for hints. Only after that did we start trading semi-normal. What threw me today was a lot of the pullbacks stopped short of the fibs. Many of the ones that did make it reversed at the 38% which usually indicates a strong trend but it would move up like normal then the bottom would just fall out.