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

To: Lee Lichterman III who wrote (73159)	10/29/2022 12:50:39 PM
From: Real Man	1 Recommendation Recommended By Lee Lichterman III Respond to of 97997

The dollar strength is due to rates. We only see how much central banks hold, but private citizen and foreign companies hold dollars too. They choose USD accounts because US never defaulted, and the rates are much higher. It is the private currency flows that push the dollar higher. CBs are forced to sell reserves to defend weakening currency. Strength generates more strength, and USD pays a lot more than other G7 currencies. Some of that is interest rates swaps. Banks can fund US loans in foreign low interest currency,add a swap to hedge, and pay back in depreciated currency. A win unless the system blows up.

To: Lee Lichterman III who wrote (73159)	10/30/2022 9:54:12 AM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 rimshot Read Replies (1) \| Respond to of 97997

Well I have to say I am totally lost. I was looking for a bounce due to the things I had posted before, certain commodity to SPX divergences, MACD divergence etc but nothing of this size. My weekly charts say this could go on for a while coming off oversold readings and one buy signal but my daily charts are already firing sell signals and showing overbought. McSum is overbought as well. EMA scans show we are near a top on the faster 10 and 21 but 50 day could be only halfway done. FA wise, I just don't see how this could be a lasting bottom however the 3 Month/10 Year just finally inverted and lag from inversion to actual full blown recession can be as long as 18 months so could we have finished the PE/Rate contraction bear and have a mini rally that goes until we have the actual economy going to the dogs recession sometime next summer? If the market really does look forward and price accordingly then I would say no but as irrational as this market is, sure. We went full blown risk on Thursday-Friday. Bitcoin, Doge coin etc went vertical just like the stock indexes. I still smell a rat and think the Democrats flooded money in via TGA to try and save midterms. The Fed drained 72 Billion this month from their balance sheet but the total balance the market had available increased by 172 Billion this month!!!!! I put nothing past those crooks. EMAs according to Les EMAs according to my scans...