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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 (73137)10/28/2022 11:36:04 AM
From: Sun Tzu  Respond to of 98009
 
SQQQ@52.01



To: Sun Tzu who wrote (73137)10/28/2022 11:46:00 AM
From: Qone01 Recommendation

Recommended By
Sun Tzu

  Read Replies (1) | Respond to of 98009
 
I have concerns with the 25k volume chart. See how the HSI indicator is dropping but not the price. That is usually an indication of extreme strength in that time frame. And won't signal a sell until it returns to oversold.

Oh, and where is your test write up?




To: Sun Tzu who wrote (73137)10/28/2022 12:24:49 PM
From: Lee Lichterman III3 Recommendations

Recommended By
Bocor
Sun Tzu
towerdog

  Respond to of 98009
 
I had just come here to ponder if today could be a round trip. Wishful thinking on my part maybe but I just looked at op ex for today and on the ES it would be 3815 and on the SPY it's around 381-382.
My internet was spotty all morning then went completely dead, even my phone app wouldn't work so I was never able to get out of my short play. It's not a true short so no margin involved just HUGE paper losses. At this point, I can't see taking it. It's too late unless we really have bottomed for the next few months/years.
My internet has come back for now so scalped a little until it stalled and that's when I checked max pain. By the time I got back to the market, it had started dropping.
I'm hoping max pain works. LOL. I'd be willing to take a decent loss but not what I'm staring at right now.
This rally makes zero sense to me. I haven't checked yet lately but earlier, the dollar and bond rates were up. MSFT, GOOGL and AAPL were leading the charge. Sure smells like short squeeze to me.