6 replies to this topic

[blustar]

I'm forecasting 2400 SPX by July 25

 

[blustar]

!'ll be posting a chart of the Dow Indu complete with proper degree e-wave, charting technique and cycles a little later. Some of my followers will be buying UVXY and SPY puts a little later today.  This is NOT a recommendation to purchase anything.  Everyone must do their own due diligence.

Edited by blustar, 21 July 2017 - 11:49 AM.

[da_cheif]

a smash to 21385 is not beyond the realm of possibility because of the gap down there  and would be a spot to add to long positions.....just sayin .....the end result? higher prices are coming.....opex week allways puts traders thru the rings of fire eh?    but for the big picture just another pimple on the elephants arse.....this is posted when the down is at 21564 on friday....being on moderation timeliness is not allways here

[blustar]

After careful consideration, I believe Monday will top near 2479 and then down to 2400/01 by July 26th not July 25th.  Yes Chief, according to my work, a rip your face off rally into August 7 is coming after the expected 3% decline.  Final top 2488/89 then down to 2261/63 by August 31 and then of course another even larger rip your face off rally into October to new highs well above 2500 (2575?) at which point I believe we begin a genuine 20% or close bear market into late 2018.

[da_cheif]

After careful consideration, I believe Monday will top near 2479 and then down to 2400/01 by July 26th not July 25th.  Yes Chief, according to my work, a rip your face off rally into August 7 is coming after the expected 3% decline.  Final top 2488/89 then down to 2261/63 by August 31 and then of course another even larger rip your face off rally into October to new highs well above 2500 (2575?) at which point I believe we begin a genuine 20% or close bear market into late 2018.

so all that you conjured up in a dream?....and thats being careful?  >

[alexnewbee]

After careful consideration, I believe Monday will top near 2479 and then down to 2400/01 by July 26th not July 25th.  Yes Chief, according to my work, a rip your face off rally into August 7 is coming after the expected 3% decline.  Final top 2488/89 then down to 2261/63 by August 31 and then of course another even larger rip your face off rally into October to new highs well above 2500 (2575?) at which point I believe we begin a genuine 20% or close bear market into late 2018.

That is quite a volatility you are expecting.. With all respect, chances are modest for such a move

PS: can I smoke it too?

Edited by alexnewbee, 23 July 2017 - 12:28 PM.

[brucekeller]

 

After careful consideration, I believe Monday will top near 2479 and then down to 2400/01 by July 26th not July 25th.  Yes Chief, according to my work, a rip your face off rally into August 7 is coming after the expected 3% decline.  Final top 2488/89 then down to 2261/63 by August 31 and then of course another even larger rip your face off rally into October to new highs well above 2500 (2575?) at which point I believe we begin a genuine 20% or close bear market into late 2018.

That is quite a volatility you are expecting.. With all respect, chances are modest for such a move

PS: can I smoke it too?

 

I can commiserate. For a long while I was hoping to be the cutting edge source of when the decline would happen.   Now I'm thinking it's getting close with the CB actions but I'm still waiting on more unwinding or a larger event that could start the big divesting.  Right now it's just reading tea leaves and most other long term indicators support us going generally up for like another year.  All I know is that little bit of cognitive dissonance cost me a lot of money in the past. 

Edited by brucekeller, 24 July 2017 - 09:13 AM.