Edited by NAV, 14 July 2016 - 01:01 AM.
Look at the posts - UBER BULLISH !
#1
Posted 14 July 2016 - 12:58 AM
#2
Posted 14 July 2016 - 05:07 AM
being bullish in a bull market is called the recognition wave.......eventually everybody will be lusting after this market......and i mean everybody......first comes the eventual loss of fear of heights and noze bleeds.....what coming will make the 90s look like childs play ....
#3
Posted 14 July 2016 - 06:28 AM
NAV,
To be fair, my call is a possible SPX 3600 by the end of 2018, and that call was made back in March, when I suggested P4 was complete... I just re-introduced the chart I prepared back then again once we closed at new ATHs... I made the same kind of projections here at TT back in 2004-5, and I know of at least one other technician who uses fractal theory who has had similar targets for as long, and Armstrong's system has had even higher potential targets on the Dow for even longer.
#4
Posted 14 July 2016 - 07:16 AM
Oh there are certain parties that always show up to crow at the high... here and elsewhere...
For example:
Cramer says buy chip stocks...
Edited by SemiBizz, 14 July 2016 - 07:17 AM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 14 July 2016 - 07:25 AM
Firstly we need a monthly close above SPX 2120 in July. Once that happens we would need a breakout above July high to signal a new leg of bull market.Barring this, the bear will resume.
???
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#6
Posted 14 July 2016 - 07:28 AM
NAV,
To be fair, my call is a possible SPX 3600 by the end of 2018, and that call was made back in March, when I suggested P4 was complete... I just re-introduced the chart I prepared back then again once we closed at new ATHs... I made the same kind of projections here at TT back in 2004-5, and I know of at least one other technician who uses fractal theory who has had similar targets for as long, and Armstrong's system has had even higher potential targets on the Dow for even longer.
tsharp,
Sorry, i was not aware of your call. If you did call P4 complete in March, then more power to you.
#7
Posted 14 July 2016 - 07:52 AM
Watch the GS chart... they will serve no WHINE until it's TIME...
Right now it's about as bullish as it gets off the last low at 138s... traded at 161 premarket
This chart Is very well behaved and tells no tales.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#8
Posted 14 July 2016 - 08:09 AM
Firstly we need a monthly close above SPX 2120 in July. Once that happens we would need a breakout above July high to signal a new leg of bull market.Barring this, the bear will resume.???
yeah Fib - those questionmarks are for you...monthly close in June was < 2120????
klh
#9
Posted 14 July 2016 - 09:00 AM
#10
Posted 14 July 2016 - 09:12 AM
All the gaps, especially the weekly gap, are a problem down the road, maybe sooner rather than later.
Lev