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

To: Lee Lichterman III who wrote (82352)	10/23/2023 10:30:32 PM
From: ajtj99	1 Recommendation Recommended By Lee Lichterman III Read Replies (1) \| Respond to of 97932

I saw a chart of biotechs tonight on Les's thread, and that chart symmetry says they likely to bottom in the end of 2024 or early 2025. That's probably a good measure for the rest of the market as well. Big major low around that time, and maybe intermediate lows like you are looking for in between now and then. It may be the market's way of correcting the excess of the Covid-induced everything bubble. Sideways to down for 3-years to allow earnings, inflation, and buybacks to bring PE's back in line with Rule of 20 norms.