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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 (72564)	10/20/2022 1:33:46 PM
From: Sun Tzu	1 Recommendation Recommended By Clam digger Read Replies (2) \| Respond to of 97932

>> Even Mike Wilson, Uber Bear from Morgan Stanley, suggests a move up to 4130 SPX may be upon us. That was my cue to short the market, and I said as much. I have no doubts that we're near a bottom, if not the bottom. But it can't happen if everyone expects it. Perhaps Nov 2nd Fed meeting will mark the bottom.

To: ajtj99 who wrote (72564)	10/20/2022 1:38:45 PM
From: avanti77	3 Recommendations Recommended By ajtj99 Clam digger towerdog Respond to of 97932

Maybe so. If it does that, I will still be on the sidelines and waiting for a retest of a higher low. The trend is down, no matter how I want to spin it - since I don't trade inverse etf's, and i am not benefitting from it going lower. This is a long overdue correction from the "everything" bubble. No attention is ever paid to book value, p/e, etc., until a bear market rears it head. I respect this cycle, and hope to put my lifetime hard earned dollars into equities when the technical signal(s) can be be verified. I don't care if I catch the bottom. 20% off the bottom would be just fine for me.