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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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From: OldAIMGuy9/24/2022 10:23:52 AM
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Condo

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Here's the v-Wave view for the last 3 3/4 years:




It appears the three indexes needed to return to their lows from earlier this year. Unfortunately, the v-Wave doesn't show this as being as favorable as back in June of this year. Still, both short and long term v-Wave are below median at this point. The S&P 500 and the Dow 30 are back to where they were at the start of 2021. The NASDAQ, however, is below its 2021 starting value. That's a "give back" of 21 Months gains for Mr. Buynhold. Mr. Lichello did far better is my guess.

Through much of that 21 month period the v-Wave suggested caution was wise. It was clear that even as the stock markets were rising, it wasn't sustainable. There's some severe pain shown in those index values since the start of 2022. Is that a flood of blood I see in the Streets?

The Advance/Decline ratios for last week's trading was 4.5 down for every stock up on the NASDAQ and 7.9 stocks down for each one up on the NYSE. New 52 Week Lows on the NASDAQ outnumbered New Highs by 10:1 and nearly 20:1 on the NYSE.

Are the markets Kaput or is this Kapitulation???

Best wishes,
OAG Tom
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