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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 (74536)	12/9/2022 9:52:06 AM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 towerdog Read Replies (2) \| Respond to of 97950

There is a trade off between speed and accuracy. The US opts for speed whereas Canada goes for accuracy. The Canadian's numbers are 2 weeks behind the American's, but they are one of the most accurate in the world. You can use the Canadian version as an early proxy to the US revisions and project from there.

To: Qone0 who wrote (74536)	12/9/2022 10:59:17 AM
From: Lee Lichterman III	1 Recommendation Recommended By ajtj99 Respond to of 97950

Yep. I don't put a lot of weight on most of the sentiment and outlook "prediction" numbers. They generally trail what the market did in the previous period. Lately many of the survey reports are getting low participation so the accuracy is falling off a cliff. This is looking like it's not going to be worth trading if it keeps up like this. We're still trapped between those channels I mentioned a couple days ago and it's getting squeezed tighter and tighter. Op ex for today was also a narrow band between 3900 and 4k. Next week monthly is wider with a wall of puts at 3800 and calls up at 4200. There's about half as much of both at 4k with calls slightly ahead but it will all change as the week progresses. Still a 400 point range to play in will be a better chance for movement as they run it one way then the other to close them out. I'm still wondering about the big JPM put spread. Was it a hedge against new longs where they bought the October low? Otherwise they lost their butts on it.