I know I have been blabbering alot but listened to this today and found it an interesting 30 minutes. That and I know how many here enjoy and respect his view points.
Stock Market Price Projections for the S&P 500 with Ike Iossif (10/15/2017)
Started by
opinionated
, Oct 15 2017 11:07 AM
6 replies to this topic
#2
fib_1618
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Posted 15 October 2017 - 05:03 PM
For those who may have a lack of time to listen to the whole thing, would you please give us the bottom line projection?
As a matter of courtesy, the SPX breadth MCSUM gave a new longer term price projection last week to ~2850.
Fib
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#3
kssmibotm
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Posted 15 October 2017 - 07:32 PM
For those who may have a lack of time to listen to the whole thing, would you please give us the bottom line projection?
As a matter of courtesy, the SPX breadth MCSUM gave a new longer term price projection last week to ~2850.
Fib
The audio was bad and Ike's accent made it difficult to listen to. Despite that, I was able to decipher Ike's forecast. He said the potential upside for the SPX is about 10%, and after the top is made, there is the potential for a 50-65% decline. In other words, the risk to reward ratio from here is about 6 to 1.
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#4
LarryT
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Posted 16 October 2017 - 09:07 AM
Well, my wave pattern projections have three levels, low 2600 area, low 2700 area low 2800 area with 90% decline after topping so the risk to reward is greater. Best odds are stay with the SP-1500 model from Stock Charts.com which has been on a buy signal since first quarter 2016 with one short exit recently then back on buy signal in September.
#5
NAV
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Posted 16 October 2017 - 09:56 AM
Well, my wave pattern projections have three levels, low 2600 area, low 2700 area low 2800 area with 90% decline
90% ? 
Edited by NAV, 16 October 2017 - 09:56 AM.
#6
LarryT
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Posted 16 October 2017 - 12:26 PM
Well, my wave pattern projections have three levels, low 2600 area, low 2700 area low 2800 area with 90% decline
90% ?
Sure, same cycle as 1929 same result.....d:^)
#7
pdx5
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I want return OF my money more than return ON my money
Posted 17 October 2017 - 06:44 AM
As I had posted right after election, the Trump bull would last until spring. That was before the record tax cuts he proposed a few months back. Anyone recall the bull market which began after Reagan's huge tax cuts? The problem I see this time is senators like McCain and a few others hate Trump more than they care about the working middle class, if tax cuts do not pass then there is extreme risk for the bull market. In the meanwhile the bull should continue until tax cuts fail or pass a tame version of what Trump wants, based on inflation adjusted 10 year average, p/e is now higher than in October 1929.
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