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jxyzobrien

07/24/23 10:22 AM

#5209 RE: RCKS #5208

major fed policy change
i am extremely bearish
the fed is slowly taking away QE
Shane S. (fed juice) now expects selling to year end and looking at the bradley model.

fed changes do not take place immmediately
the market often takes time to implement them

fed juice exploded up to jan 1 and has been slowly trickling down and the market
has been rising.
so wait for the rallies to die and short em.

so do not just blindly short wait for clear tops then short
shane did mention on larry p show he told clients to not be long PERIOD

RCKS

07/24/23 12:42 PM

#5210 RE: RCKS #5208

"....NYA managed to put the kibosh on the most immediately bearish count, but it's not like that's a complete "all clear" for bulls. While the most "straightforward" interpretation of things is probably that the market is in a 3/C up (as I've said previously), that's not the same as saying 3/C is a slam dunk, so we'll see if the Fed causes any ripples."

http://www.pretzelcharts.com/

"We're coming up fast on the Fed meeting (July 25-26, casual dress okay, BYOB), so you might think there's nothing to say about this market in the meantime, and you'd be half right. But there is one interesting chart to take a gander at nonetheless:"



"BKX has reached a much smaller trend line, but it's also worth a gander (though not a goose):"



"In conclusion, NYA managed to put the kibosh on the most immediately bearish count, but it's not like that's a complete "all clear" for bulls. While the most "straightforward" interpretation of things is probably that the market is in a 3/C up (as I've said previously), that's not the same as saying 3/C is a slam dunk, so we'll see if the Fed causes any ripples. Trade safe."