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

To: The Ox who wrote (74252)	11/29/2022 11:09:11 AM
From: The Ox	2 Recommendations Recommended By ajtj99 Lou Weed Read Replies (1) \| Respond to of 98058

I wonder if XBI will be a good "January Effect" play this year? 2 years of downward movement should imply plenty of tax loss selling in the sector. It's also one of the leading indexes showing short interest, something over 30% at last glance. Certainly plenty of grinding lately... I would think it's setting up a strong move, question is which direction? Down is probably the path of least resistance, so maybe a flush first, then a move up?

To: The Ox who wrote (74252)	11/29/2022 11:10:38 AM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 The Ox Respond to of 98058

I think in the short term oil is on an upswing and 77 is about as low as you could expect oil to go this week and maybe even next week. But I don't normally trade oil. The stop should be 76.5. So there is limited loss on buying near 77. PS That is RSI with my special sauce smothered on it ;) The red-green pair is its stochastic.