I was seeing the SP waiver between 13th & 20th Jan, 2022.For...

I was seeing the SP waiver between 13th & 20th Jan, 2022.

For quite some time, talks were that the markets were overheated and the bubble had to burst.
Inflation tipped the scales and we have seen markets drop.
At the moment the focus is on the Russian (invasion).
Pessimism and uncertainty are driving the markets down.
If, when & how the Russian conflict is satisfactory eased, then the markets will once again be subject to the unease of inflation. (assuming there is no other global incident such as a pandemic).
My indicators for selling all but a few LYC shares was the roomers growing into reality, and at the same time the SP showing stagnant/not growing and starting to falter.

Then there's all the talk about the SP being grossly overvalued.

As we saw, the SP was growing at an unbelievably rapid rate to max mid-Jan.
From experience, when LYC starts to drop - it's known to plummet.

LYC virtually never responds to its own market but more-so to the DOW and All-ords.

At the moment, as the daily lows get lower & lower, so does the SP drift lower.
I'm waiting for positive news globally. Perhaps a major unforseen announcement or a takeover offer (which I'm sure the board would reject).

So nothing technical here, except for a few graphs. The rest is my experience with the stock.
Don't agree with me? Keep it to yourself and go to the bathroom.
IMO - DYOR