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Whoa! NAAIM


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#1 OEXCHAOS

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Posted 13 May 2022 - 11:04 AM

NAAIM is very Bullish for the market. Just 4% median exposure. That's less than at the 2020 low.

NAAIM05-13-22.jpg

NAAIM08-27-19.gif


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#2 OEXCHAOS

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Posted 13 May 2022 - 11:05 AM

There was a data correction from last week. They had originally reported 65% median exposure last week. This was corrected to 20%. That means that the buy would have been last week, but in a Bear market, those signals are often a week or so early, soooo, this is more timely.


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#3 andr99

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Posted 13 May 2022 - 02:41 PM

but if we are in a bear market, this should be just a bounce......am I wrong ?   


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#4 qqqqtrdr

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Posted 13 May 2022 - 03:17 PM

Yes, if we are in a bear market this should be a 2 - 4 week bounce which is tradable.   There is a chance that it is a just a 3 day bounce, but not likely.  



#5 pdx5

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Posted 13 May 2022 - 04:11 PM

This bounce has very simple explanation. It was not NAAIM.

FED chair Powell said today, that there is NO 0.75% rate increase under consideration.

Only 0.5% increase will be considered next month. 

 

Beware of face ripping rallies. That is classic bear market symptom.


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#6 andr99

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Posted 13 May 2022 - 05:01 PM

This bounce has very simple explanation. It was not NAAIM.

FED chair Powell said today, that there is NO 0.75% rate increase under consideration.

Only 0.5% increase will be considered next month. 

 

Beware of face ripping rallies. That is classic bear market symptom.

 

when do they meet next month to decide the rate increase ? 


forever and only a V-E-N-E-T-K-E-N - langbard


#7 Rogerdodger

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Posted 13 May 2022 - 05:48 PM

Two images come to mind...

 

Wound.jpgFull-speed-ahead.jpg



#8 steadyquest

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Posted 13 May 2022 - 06:30 PM

I'm afraid they may have forgotten to ring the bell at the bottom --- again.

Here is a possible completed hourly down count from April for the dow - though it is full of retraces.  Does the purple line mark the first step up off a new floor, or is it the ceiling for another downward move?  If the former, the size of the first step points to a potential ATH.  The 1 minute chart contains a retrace between 3.5 and 2.33, suggesting the count might represent only a minor leg up.  The SPX chart, however, does not contain a retrace (yet).
Avi Gilburt posted some open updates today calling 4010 as the line in the sand.  SPX closed comfortably above that level at 4024.

https://www.elliottw...t/market-update

Pretzel Logic is calling for a strong rally into June if SPX sustains above 4015.

https://www.pretzelcharts.com/

 

dow.png

 

dow2.png



#9 steadyquest

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Posted 14 May 2022 - 08:31 AM

Pretzel Logic's link is http rather than https

http://www.pretzelcharts.com/