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


To: Jacob Snyder who wrote (70299)9/26/2022 5:53:46 PM
From: Lee Lichterman III3 Recommendations

Recommended By
ajtj99
Clam digger
towerdog

  Read Replies (1) | Respond to of 97560
 
So goes trannies, so goes the market. Transportation index weakness is one of the things that have kept me from flipping long.
I remember either Y2K or 08 it predicted the drop. Everyone was saying they didn't matter anymore, yada yada yada because we're technology/service based and as usual, they were wrong.
Speaking of which, can we put this whole, "if we retrace 50% no new lows" thing to bed now? LOL



To: Jacob Snyder who wrote (70299)9/30/2022 12:18:52 PM
From: Jacob Snyder3 Recommendations

Recommended By
ajtj99
Clam digger
towerdog

  Read Replies (2) | Respond to of 97560
 
Gold: now that $1675 support is broken, there is a lot of downside risk. So I am taking the opportunity to sell my GOLD (the stock), getting out at a small loss. schrts.co

I don’t expect precious metals to do well, if the Fed really is going to keep raising interest rates till they cause a recession. The miners are a leveraged play on the metal. If it takes till 2025 to get inflation down to 2% (the Fed prediction), the goldbugs are going to be sad and confused for years.