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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 (75134)12/22/2022 2:36:46 PM
From: Lou Weed  Respond to of 96694
 
TQQQ @ 17.01
CHPT @ 8.62



To: Qone0 who wrote (75134)12/22/2022 6:01:14 PM
From: Sun Tzu  Read Replies (2) | Respond to of 96694
 
NDX - purely hypothetical




To: Qone0 who wrote (75134)12/23/2022 12:39:13 AM
From: Sendme4 Recommendations

Recommended By
Jacob Snyder
Mevis
skier31
towerdog

  Read Replies (3) | Respond to of 96694
 
I posted this before I believe, but based on a comparison of the time spent in a topping distribution and time taken to hit bottom would suggest that by mid to late March would be a time to start looking at a bottom if it stretched out that long.







If price continues to follow this structure, it would suggest that mid February would be another potential date to look for a bottom.



I am going to go out on a limb and say that we may still just be in the denial stage and are going to see a "return to normal phase next year.

In 2000 the SPX in blue put in a double top during the return to normal phase.





SPY one hour chart with gaps, there is still that gap cluster area that sits just above the Wycoff point and figure target.



Daily VIX



5 minutes chart shows a potential impulsive move down and we are seeing a correction.

Currently trading around that middle zone.




To: Qone0 who wrote (75134)12/23/2022 8:01:43 AM
From: Jacob Snyder4 Recommendations

Recommended By
Clam digger
Rarebird
skier31
towerdog

  Respond to of 96694
 
All I want for Christmas is a Santa Klaus rally.

So I can short it.