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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 (76404)	2/3/2023 10:58:25 AM
From: rimshot	5 Recommendations Recommended By ajtj99 catou1 skier31 The Ox towerdog Read Replies (1) \| Respond to of 97648

a look at your $SOX horizontal resistance line using the $SOX weekly chart, which live updates with a browser refresh - stockcharts.com final post for the day, have a good weekend

To: catou1 who wrote (76404)	2/3/2023 2:01:33 PM
From: The Ox	6 Recommendations Recommended By ajtj99 catou1 Lee Lichterman III Lou Weed skier31 and 1 more member Read Replies (1) \| Respond to of 97648

Hard to say whether or not the deep crab target is realistic in the short/intermediate term. At least for me. We've seen a significant rebound in both the dollar index and the 10-year yields over the past 48 hours. Both look way overdone in the short/intermediate term, so they bear watching closely. Are the down trends turning back up or is this simply a pause? Monetary policy, as seen by this observer has been appropriate, once they realized they were way behind the curve at the beginning of last year. How we move forward from here is debatable. Certainly we've seen earnings expectations drop considerably but it's difficult to say if they've come down commensurate to the actual future and has the market appropriately priced these changes into the valuation model? All above my pay grade, so to speak. As ajtj stated recently, let the TA be your guide, as FA is cloudy at this time.