The chart posted is MY top wave count This is a major WARNING to being short is a highest risk in a few years . The spiral turn due is from sept 21 2001 Low The market rallied over 24 % gain in less that 62 days That last low was in a word Perfect in its relationships within the fib . I have moved to an aggressive long calls position and The tlt...
Since the “Great Depression 2" exerted itself once again after the 2006-2009 formative stages: Interest rates have been very low by historical standards. Real interest rates and inflation have been in decline since the 1980s. So have Purchasing Power and Real Savings. While this trend has been a potential boon to borrowers creating the credit-fueled...
The chart posted is a great one so as to understand what still lies ahead WE ARE NOW CLOSE TO WHAT THE DEC FORECAST called for after a 13 yr Fake { FED Balance sheet} Bull market in assets . The avg decline over the last 120 years is 35 % peak to low .I said avg this one will look more like the 1973 to 1974 decline close to 50 % to 60 % when is...
The Value Line Composite Index is an Equity Index comprising 1,700 companies from the NYSE, ASE, Nasdaq, Toronto Exchange, and OTC markets. It is a Geometric Composite Index that is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change. It is preferable to the Value Line Arithmetic Index as it does not...
No need to say much as previous;y mentioned about the bearish divergence. Looking at the panel again just adds confirmation of how bearish a turn it just had. Some decent downside will follow...
New highs in select indices have been highly deceiving. They were driven by a few mega cap stocks. The $XVG index suggests a border market still in a bear market. Based on that measure $SPX would be trading at 2,600 were it not for mega cap expansions in 6/7 stocks.
This is simply (forget all the FED stimulus holding these markets up) a case of market-cap weighted exaggeration vs an equally-weighted reality: While the S&P500 Index (market-cap weighted) is bear rallying higher since its March 2020 lows, the Value Line Geometric Composite Index (equally weighted) is NOT confirming this move at all. The SPX has made it back...
DAX vs Valueline Geometric Average Index ...
The Value Line Composite Index is a stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric Composite Index (the original equally weighted index) and the Value Line Arithmetic Composite Index (an index which...