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


To: The Ox who wrote (70094)9/23/2022 10:17:56 AM
From: bull_dozer1 Recommendation

Recommended By
The Ox

  Read Replies (2) | Respond to of 97611
 
>> Not sure how one can say gold and oil are up? Based on what reference point in the past?

It was yesterday when the person tweated. <G>



To: The Ox who wrote (70094)9/23/2022 10:59:02 AM
From: Lee Lichterman III5 Recommendations

Recommended By
ajtj99
Clam digger
Cogito Ergo Sum
skier31
towerdog

  Read Replies (3) | Respond to of 97611
 
As far as catching falling knives, almost all the guru threads are still buying the dips that I've been watching. Value thread, trader J, skywatcher just said again yesterday that the June low would hold, there was more until I unbookmarked a bunch the other day to reduce clutter. Rarebird was buying all the way down until a few weeks ago but now is bearish.

PMIs had upticks. Manufacturing was minor but the Global and services were pretty sizable. PMI strength clears the way for more fast rate hikes until things slow down. I'll tweet the PMI charts when I go back in from break and try to post them here too. Lately, tweeting is faster and easier than posting here.
Powell talks this afternoon so that might be our spark for a bounce or dump. He talks again Tuesday to correct how the market reacts today. LOL

Interesting breakdown of the semis on another thread...
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