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

To: towerdog who wrote (82281)	10/20/2023 6:34:45 PM
From: Lee Lichterman III	1 Recommendation Recommended By towerdog Read Replies (1) \| Respond to of 96762

Yeah and like an idiot, I bought the close (with the short call hedge). Looking at a few things, I might have screwed up. First look at charts and everything is obviously ugly. On the other hand, there aren't very many streaks beyond 4 SPX down days in a row though there have been a couple 5-6 day dumps and a couple 4 down -1 flat to slightly up -then 2-3 more down days. Worst 4-5 day dumps were around 250 points but most were 150 points or less. We're at 150 right now. If we close flat Monday, I still win. I just can't have another 30-50 point down day though I can roll the option to keep lowering my basis. I should have just quit. I had a great day & week until now. Futures kept dumping after the close so I might be in trouble. I imagine Europe will sell us too when they see what happened. OKTA had a data breach and is down 15% after hours. It's raining bad news. I just forwarded a tweet about car dealerships. Everything has come to a standstill. Nothing is moving and one guy commented that his bar is seeing less traffic and sales too after his minimum wage with tips he has to pay his people went up over 50% and his liquor distributors raised prices 3 times. Powell will be happy. LOL