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

To: Sun Tzu who wrote (72453)	10/19/2022 12:25:11 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 LoveAG Read Replies (1) \| Respond to of 97946

I should quit too but I'm stubborn. They have been fooling me again today. I was just in SPXS and it hovered above the channel for minutes bouncing me for a 2 cent loss then back to a penny gain. I finally gave up and took the penny. Not 5 seconds later it shot up 20 cents and then kept running. Happened the trade before on SPXL when I was playing the long side. These algos have my number the last couple days. I still say if it wasn't op ex, we'd be tanking right now. Internals look horrible, dollar up, bonds down. Earnings aren't good. They are just beating lowered targets. Lower earnings with growth valuations doesn't look right. LOL Right now we are stuck. We are right at the bottom of a 2 day channel. It acts like it wants to break through but it is just hovering trying to make up it's mind if it wants to reverse and rally back to today's range so far or break through to the downside. If it breaks through, there's plenty or room in a bigger channel from the last couple weeks. What to do, what to do. Place your bets......