This is in "Sell Territory", but that need not mark a major top.
Near term, however, the big jump in exposure is a pretty good ST Sell.
NAAIM Median Exposure 100% Long
Started by
OEXCHAOS
, May 10 2024 12:29 PM
3 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 10 May 2024 - 12:29 PM
Mark S Young
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#2
cycletimer
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Posted 10 May 2024 - 03:47 PM
Great info, Mark. This coincides somewhat with my cycle top today of this B-wave bounce. I see the case of a steadily grinding decline into mid-late June, bottom of a C-wave. Only way I play it is thru call credit spreads. They’ll work well in that type of a decline.
#3
hhh
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Posted 10 May 2024 - 04:01 PM
Stan Harley has an intermediate low June 24, high May 16.
#4
cycletimer
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Posted 12 May 2024 - 09:28 PM
T
Thanks for Stan Harley update. He’s a brilliant cycle analyst, been around a long time and I have t seen his name appear in awhile but it’s refreshing that you mentioned him.
Stan Harley has an intermediate low June 24, high May 16.
Thanks for Stan Harley update. He’s a brilliant cycle analyst, been around a long time and I have t seen his name appear in awhile but it’s refreshing that you mentioned him.
