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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 (80708)7/24/2023 3:04:10 PM
From: Sun Tzu  Read Replies (1) | Respond to of 97561
 
Have you studied how long HSI can remain oversold or how far a stock can drop while it is oversold?
Personally I have not found any linear relationship, but I have not properly studied it, so I don't know.



To: Qone0 who wrote (80708)7/24/2023 4:02:24 PM
From: Sun Tzu3 Recommendations

Recommended By
ajtj99
skier31
The Ox

  Read Replies (1) | Respond to of 97561
 
When you get the chance, I'd appreciate it if you could have a look at SOX across multiple timeframes.

It seems to me that for for 5 minute - 2hrs, a whole bunch of bullish formations all point to somewhere north of 3700 as an immediate target. They all seem to be lined up based on the same dates and prices.

On the other hand, 3hrs and over all have bearish formations that point to substantially lower levels (20%+).

I am trying to reconcile the two sets, seeing how all the warnings from Samsung, TSM, etc should limit the upside. I am holding a few K SOXS and so far I am down $3 on the whole position (ya, single dollars, not 3k). But I really don't want to have to babysit the position and ruin my vacation. So I am looking for a read on how likely it is for the short term to triumph over the long term patterns and when/how will I know which cluster is failing.

thanks

PS Has anyone heard of Cat? Haven't seen her post for a while. I hope she is ok.