Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Qone0 who wrote (73869)	11/14/2022 5:36:23 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 towerdog Read Replies (1) \| Respond to of 97611

Thanks. 3 things: (1) I have not backtested what I am saying to be sure, but anecdotally I've noticed that flat stretches of the bands form support and resistance levels. And the completion of the lower butterfly is exactly where that support is (see the middle of the chart where the turquoise midband flatlines) (2) Did I understand you correctly? that you think there will be a huge overrun to 1.618? Is that like 3100ish where the upper red band flatlined? And (3) Thanks for pointing out the RSI. Yes, we seem to be due for a bounce by the time it hits the completion point. However, on 4hr chart, the RSI is well set on rolling over and is still in overbought. So it could go either direction - though based on the TSM news after the close, I will probably take profits tomorrow.