Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lee Lichterman III who wrote (81500)	9/23/2023 12:19:59 PM
From: rimshot	1 Recommendation Recommended By Lee Lichterman III Read Replies (1) \| Respond to of 97985

thank you Lee for your overview ... some items to consider: 1. if a future OEX rally surpasses and holds above 2040 level, keep your SPY longs like I will be doing for a possible lengthy hold because any SPY bounce level above would be within reason in the coming days/weeks 2. the individual daily net AD values for each index were tiny negative values compared to the giant negative prints by the AD values on Thursday ... so the lower intraday price lows printed on Friday were relatively not supported by similar negative moves by the daily AD values lower intraday low prints on Friday vs. Thursday's intraday low: QQQ by only 10 cents SPY by a decent margin OEX by a decent margin /ES by a decent margin $SOX printed a higher low on Fri vs. Thurs fyi - $NYA price action is only barely below its 200-day SMA, and Friday was the 1st time in several weeks ... matching with a decently deep violation of the daily Lower BB not seen since mid-August from which price bounced strongly $NYA daily closes line chart - * could be a "near" double bottom setting up, using daily closes vs. the June 2023 pullback stockcharts.com regarding QQQ, this Weekly metric now rests within the upper reaches of its customary buy zone - stockcharts.com $NDX daily cumulative AD line now rests near its customary buy point - the daily 50,2 lower Bolllinger Band when bull market conditions persist over time - $NYA above OR below its 3-year simple moving average (156 weeks ) provides evidence whether we are at the confirmed start of a possible deep price correction or not $NYA weekly - stockcharts.com