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


To: Sendme who wrote (74268)11/30/2022 8:18:34 AM
From: Sendme3 Recommendations

Recommended By
ajtj99
Lee Lichterman III
towerdog

  Read Replies (2) | Respond to of 97912
 
Shark pattern potential, correct me if I am wrong, or sorry if this was already posted and I didn't see it.




To: Sendme who wrote (74268)11/30/2022 12:15:47 PM
From: Jacob Snyder4 Recommendations

Recommended By
ajtj99
Lee Lichterman III
Robert O
towerdog

  Respond to of 97912
 
< Not the best area to be trading in IMHO>

Agree. I will not be adding to long positions, till the indexes are setting new bear market lows. And QQQ needs to get closer to 300, before I start shorting. So, I am doing nothing as the market drifts sideways trying to find a direction.

When this bear market ends, I am expecting a spectacular rally. New ATHs within a year after the final low. Reasons:

1. Huge cash positions on the sidelines, eager to buy.
2. Many quality companies have cleaned up their balance sheets.
3. Hefty dividends. At the low, quality companies will have dividend yields of 5-8%.