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New Highs


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#1 MikeyG

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Posted 27 April 2019 - 04:08 AM

GDP at 3.2 percent in Q1.

Economy is growing at a strong pace.

New highs coming.

The economy was supposed to be in the 6th, 7th, 8th inning and slowing down. But the opposite is happening, its growing 50 percent faster under this administration.

Why are the smartest people wrong so often?

SPX is going well over 4000....

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#2 tsharp

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Posted 27 April 2019 - 08:21 AM

GDP at 3.2 percent in Q1.

Economy is growing at a strong pace.

New highs coming.

The economy was supposed to be in the 6th, 7th, 8th inning and slowing down. But the opposite is happening, its growing 50 percent faster under this administration.

Why are the smartest people wrong so often?

SPX is going well over 4000....

 

That's what I've been trying to say for a while now (Armstrong too), and Da Chief is most often right - bull market cycles last 2-2.5 times as long as bear markets... goin to da moon! ;-)

 

SPX-W-4-26-19-Cycles.jpg


Edited by tsharp, 27 April 2019 - 08:26 AM.


#3 slupert

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Posted 27 April 2019 - 09:10 AM

 

GDP at 3.2 percent in Q1.

Economy is growing at a strong pace.

New highs coming.

The economy was supposed to be in the 6th, 7th, 8th inning and slowing down. But the opposite is happening, its growing 50 percent faster under this administration.

Why are the smartest people wrong so often?

SPX is going well over 4000....

 

That's what I've been trying to say for a while now (Armstrong too), and Da Chief is most often right - bull market cycles last 2-2.5 times as long as bear markets... goin to da moon! ;-)

 

SPX-W-4-26-19-Cycles.jpg

 

Quite a resemblance between the 2007-2008 topping formation and now, eh? Looks like the euphoria stage to me. (JMHO)



#4 tsharp

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Posted 28 April 2019 - 03:05 PM

At the end of a bull market phase, the angle of ascent typically increases, if you look at how the market shot upward from 1995-2000 for over 300% gain...

The gain in the Dow between 1921-1929 was about 500%, so as I've mentioned a few times recently, it may be that my initial Wave-FIVE target of ~5100 for the SPX may too low...

Here are some alternate higher-highs for the SPX that may come into play by the time we get to Wave-FIVE...

The first blue arrow arrow is where the bullish reset on the momentum indicator line took place in 1995... the second blue arrow is potentially where the next bullish reset may take place in 2026... watching.

 

 

SPX-M-4-28-19.jpg