Monday, April 22, 2024 7:54:27 AM
Hi JD, Re: v-Wave and its current signal...........................
The Index trimming we've seen in the last week shows just how much a surprise event can
affect a market that was showing signs of risk stress already. Note that RISK didn't get worse
because of the tensions, it relaxed a bit as share prices declined. Value Line's P/E dropped
nicely along with the index declines. It's "Appreciation Potential" improved as the markets
gave back some of their recent gains. That improved our v-Wave's current outlook. It's not
yet back to bargain levels seen in late 2022 so keep some powder dry.
Best wishes,
OAG Tom
The Index trimming we've seen in the last week shows just how much a surprise event can
affect a market that was showing signs of risk stress already. Note that RISK didn't get worse
because of the tensions, it relaxed a bit as share prices declined. Value Line's P/E dropped
nicely along with the index declines. It's "Appreciation Potential" improved as the markets
gave back some of their recent gains. That improved our v-Wave's current outlook. It's not
yet back to bargain levels seen in late 2022 so keep some powder dry.
Best wishes,
OAG Tom
Buy from the Scared; Sell to the Greedy.....
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