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

To: Qone0 who wrote (74283)	11/30/2022 7:57:05 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 SpedeReder Read Replies (1) \| Respond to of 97932

The question is what would be the spark? Earnings are over, the Fed is done for a bit. It would have to be N Korea lobbying a missile into Tokyo, AAPL warning but it's too early. I'm having a hard time buying with a low VIX, high valuations and shrinking liquidity but we are in a 3 day month rollover bullish period so I know we'll probably keep climbing. Maybe tomorrow's PCE comes in hot. If the market keeps going through, I could see the Fed doing 50, then another 50 and another 50. My model says they need to get to 6.5% and it's been climbing the longer they've been behind.

To: Qone0 who wrote (74283)	12/1/2022 8:15:31 AM
From: Sokka	2 Recommendations Recommended By ajtj99 towerdog Respond to of 97932

Qone0, I had bookmarked this chart when you posted earlier. It's the one I currently agree with. A tad more upside, probably like Lee had pointed out, short covering from yesterday, then down for a while. I'm being very careful to have cash ready for some longer term bargain picking. If a drop doesn't happen, I'll just tinker. I'm okay missing a rally at this point. While the 2022 Tech Meltdown has been pretty significant, just don't sense any sort of bottoming event. I haven't seen that real "the world is ending" panic yet.