the 29525 level, which is support from the inverse head and shoulders that sent us higher. The question is did it do enough damage?? We are now 200 points above that.. So VST we look good, but we might be setting up for a rug pull. I liked Blustart's forecast,I don't agree with the severity necessarily, butit is something to watch and be on your toes for. (JMHO)

http://tos.mx/!V0Ssq0fM

https://schrts.co/pXbdEHJZ

Callum Thomas (who does very nice work), posted some interesting charts on X today. One was retail investors cash allocation. It's low. Really low, and at levels that are generally associated with tops. Similarly, M2-adjusted Margin Debt is also way up there, at levels associated with tops.

The thing is, and this is very important, these long-term charts make these "sell signals" look very timely. I can tell you from painful experience, they're often much earlier than these charts make them look. Bears get punished if they short too soon.

So far investors have been lulled in to complacency with Wall Streets generic Free Cash Flow metrics. In this market you have the hyperscale's, gobbling up all available assets, disregarding their old low asset models. Wall Streets should be using a levered free cash flow metric to account for equity, but that doesn't make stock prices go up, it will have the opposite and you will see drawn downs on some of Wall Street's darlings. Some of the biggies could go down 50-50%. I thought the free ride would continue throughout this year.(I think we all know the transition has to happen sometime) It appears investors have begun crunching equity numbers into their valuationsThe affects can be quite sobering. For a deep dive in to a ROE look into the Dupont analysis.  It allows you to see what parts are producing what performace,How efficient the Company is being run, or are earnings just due to higher leverage?? Investors might challenge managements vie of where the company is headed. For example, "Why didn't we just stick with our old business model'? "If we just used cash for stock buy backs wouldn't we be better off than we are now?/ (JMHO)

DuPont Analysis - Learn How To Create A DuPont Analysis Model

Final Z of (X) Wave Low is Due July 1, not June 30th. I made a calculation error on the TLC.

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