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


To: ajtj99 who wrote (82350)10/23/2023 9:46:59 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 97932
 
I'm only looking for intermediate. I'm split between end of year rally from history only and plunging to new lows based on many stocks, sectors, fundamentals etc.
Interestingly, someone on Xwitter asked me about Inflation adjusted numbers for something that I don't remember. I realized I hadn't been keeping an old inflation adjusted spreadsheet up to date so I played with it much of the weekend.
We are actually having a pretty impressive negative year except for the MAGNA7. Almost everything is down or close to down, especially on a compounding basis.

I would buy tomorrow if it wasn't for MSFT, GOOGL, GDP, META, AMZN. Any of those could derail the train. Add in Israel/Iran/Syria/player to be named later. They thinned a lot of shorts today.
I was working but popped my head in and tried to scalp a little but was out of sync so lost on a couple longs. Came back later and had a short from SPY 423.64 but was nervous so covered for small profits much too early and missed much the rest of the dump while I went back to work.
When it's easier to short than go long, it makes me hesitant to be long but the signals are getting pretty close here. I haven't looked at evening daily charts yet but I imagine they're still ugly.

PS - killer dog got another possum last night. I've lost count but they must breed like rabbits. He's in the hundreds by now.