SMC Update 5-28-24

05/28/2024


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daniel039209
daniel039209

just noticed the DJIA has dropped over 4% since reaching 40,000 while the SOX (+6% huge)and NDX(only went up 4%) ramped up. Thus the "ratio" was focused on catching tops in semis and NDX. It worked, but as a sell signal for the DJIA. Now it is a real data point. Dangerous game,as we all see have the results of calling tops for months and months. I do recall the DELL channel ,with stock spiking to 130.Now, spiking to 180. Care to comment? or revisit?

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