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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 (73811)11/12/2022 10:19:14 AM
From: Lee Lichterman III2 Recommendations

Recommended By
ajtj99
skier31

  Respond to of 97605
 
Past bear lows saw lower lows or double bottoms on improved EMAs for a divergence. Here is where the EMA lows were the last bottoms and the recent time frames as I was talking about yesterday...



I had to go to town and I do have to admit, the stores and restaurants were packed. I've been thinking about it since and am wondering.. I have read that the upper crust is having a hard time as tech lays off etc but low wage earners are getting the benefit this time as their wages are climbing. Since they make up the majority, I'm starting to wonder if they could lead the recovery and if so, who would benefit.

They don't care as much for tech gadgets, useless gizmos, pampering etc. I'm wondering about who makes the basics. Basic comfort that is durable vs trendy fall apart trash that the snobs typically buy. Haven't though it through much yet but that's what I was thinking about this morning.

PPI this week. Could it reinforce or negate the CPI??
Also, some big earnings this week so the drama isn't necessarily over. Note NVDA, WMT, TGT, BABA, JD etc




To: Lee Lichterman III who wrote (73811)11/12/2022 1:30:58 PM
From: Goldilocks2 Recommendations

Recommended By
Lee Lichterman III
skier31

  Respond to of 97605
 
Thanks Lee for the links and for all your generous posts.