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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 (84202)	2/12/2024 10:31:58 AM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 97950

The high today touched its daily red line, so a pullback is likely. What is unknown is whether it will be a slight pullback and resumption of uptrend, or a meaningful one. Surprisingly none of my momentum indicators are deeply overbought, so I am going to hold on while watching closely.

To: Qone0 who wrote (84202)	2/12/2024 11:17:29 AM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97950

This is just to illustrate a trading technique that I use. C3AI is at its redline. Which means it is vulnerable. The question is if a pullback will be material should it happen. I look at the daily and 4hr charts and I don't see any imminent signs of danger, despite the stock having had a sharp run lately. I make a mental note of where the higher timeframe pivot points are and zoom in via the 5 minute chart. The blue marker is when I saw your post. At that point, the stock has pulled back to its 5 minute trendline (purple), so no biggie, and the trend is pointing up, which is good. Now I check the momentum indicators, and there is a key pattern here. The context sensitive one (yellow) is falling and getting nearly oversold, but the regular one (purple) is not budging. The regular is the one that is in the driver seat. If it falls from the OB region and especially if it crosses the midline while the yellow is still below the midline, then it is sell and arguably a short. But that didn't happen. Instead it stayed up long enough for the context to catch up and drive higher. And this is the key to whether it's a buy the dip or sell the rip. You want to see alignment between these two indicators, keeping in mind that the primary is the top indicator. One can see this recurring pattern throughout the chart. PS Tomorrow is the CPI number. I expect it to be as or better than expected. .

To: Qone0 who wrote (84202)	2/12/2024 12:26:12 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 97950

I'm out of C3AI too. It's not as if I can't get back in if it starts moving up. I don't like this chart and how the purple and yellow both point down. PS In general, I don't hold a position before reporting unless I have an opinion on how they will make their numbers.

To: Qone0 who wrote (84202)	2/12/2024 12:59:28 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97950

Debating if i should hold or fold my LUNR shares. The founder is buying the shares and there's this: Intuitive Machines, Inc. LUNR shares are trading higher Monday, and the stock is up more than 60% over the past five days. Here's a look at what's going on. What To Know: Last Monday, Intuitive Machines announced its IM-1 mission Nova-C class lunar lander has completed all integration milestones and is safely encapsulated within SpaceX’s payload fairing in preparation for launch. The launch of Intuitive Machines' IM-1 mission is a multi-day launch window that opens at 12:57 a.m. ET on Feb. 14 from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. The IM-1 mission will be the company’s first attempted lunar landing as part of NASA’s Commercial Lunar Payload Services initiative, part of NASA’s Artemis lunar exploration program. Intuitive Machines shares gained approximately 32% on Friday and are climbing on heavy trading volume Monday. According to data from Benzinga Pro, more than 5.86 million shares have already been traded in the session, exceeding the stock's 100-day average volume of 1.199 million shares.