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

To: catou1 who wrote (74588)	12/12/2022 12:28:27 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 towerdog Read Replies (1) \| Respond to of 97953

Once again, harmonics and my system are in rough agreement. If the CPI/Fed is friendly, then SOX will jump ~150 points (you have it a bit higher) to the HOP before heading down. But if the numbers are worse than expected, a retrace to 0.618, which is ~400 points lower. As an FYI, Cleveland Fed's nowcast is placing the CPI well above expectations, though they are not infallible. PS I think if SOX breaks 2650, then your 0.618 is a given. PPS I suspect we've seen the high of the day for SOX, BWDIK

To: catou1 who wrote (74588)	12/12/2022 12:35:14 PM
From: Lee Lichterman III	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97953

Yep. Shorted stuff is bouncing as people cover to get flat ahead of the release. Defensive plays also catching a little bit of a bid. Volume is horrible as no one betting big either way. I scalped my losses on the accidental short back and am quitting to get to work so I don't blow it. It's going to be cold and rainy tomorrow so I can trade when things are moving. Mixed messages on the market right now. Trannies, tech, high yield and junk bonds strong. However so is utilities, healthcare, staples while discretionary is weak. Financials are bouncing after lagging for a while. Like I said, I think some of it is short covering. Just had another deer get hit on the highway I guess. I need to go see who it was and hopefully it wasn't my big buck.