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


To: ajtj99 who wrote (75041)12/20/2022 10:13:20 PM
From: bull_dozer4 Recommendations

Recommended By
ajtj99
Lee Lichterman III
Qone0
towerdog

  Read Replies (2) | Respond to of 96907
 
>> However, by the time all of that is answered, the market will likely have bottomed

market bottomed today <G>

Message 34125087



To: ajtj99 who wrote (75041)12/20/2022 11:33:37 PM
From: Lee Lichterman III3 Recommendations

Recommended By
ajtj99
Clam digger
towerdog

  Read Replies (2) | Respond to of 96907
 
There are still a lot of other questions. The DOW is testing the top of the downward trendline from above while the other indexes failed to cross it from below. Is the happy family divorced? Who is leading who?
The transportation index is making new lows . Used to be that where they went, the market eventually followed. I remember in 2000 and 08 everyone saying that this time was different. It wasn't.
On the other hand, I see the potential to head to the upper range of our trading range. I don't see the fuel for powering up up and away but I also don't see a reason to crash.
TGA has started climbing again as expected the last few days and takes liquidity away. The 10 year has climbed almost 6% since I posted my chart a few days ago. I'm still sticking with my short term view that we just muddle and flop around here frustrating everyone.
As for skywatcher calling another bottom. I've lost count on how many he's called. 30-50-100? He'll be right eventually and then forget all but the last one and brag about it for the next 20 years.