It might not be a 50% drop but could be another 87 style sell off and recovery.
Small caps are not on board here, but they may catch up, to the top.
The market probably tops after the elections
Started by
CLK
, Jun 24 2019 03:26 PM
13 replies to this topic
#2
opinionated
-
- Traders-Talk User
- 4,937 posts
Member
Posted 24 June 2019 - 04:58 PM
December 2020? That Quite a Crystal Ball Clk...
I think if were forecasting I say late Aug 19 top 3030 spx
#3
CLK
-
- Traders-Talk User
- 10,787 posts
Member
Posted 24 June 2019 - 05:56 PM
December 2020? That Quite a Crystal Ball Clk...
I think if were forecasting I say late Aug 19 top 3030 spx
Just going by the 2000 top setup, ran another 1.5 years after the small caps diverged. Right now I see nothing that says this is a top.
I will leave the short term trading to those that feel they can keep from going broke.
#4
opinionated
-
- Traders-Talk User
- 4,937 posts
Member
Posted 24 June 2019 - 07:03 PM
Ok No Problem,
Just remembering your posts a few days ago about the bearish stance. But of course thoughts change good trades
O
#5
CLK
-
- Traders-Talk User
- 10,787 posts
Member
Posted 24 June 2019 - 07:22 PM
I'm still bullish long term, I just always look for reasons something has changed. I really can find nothing here that's
bearish other than we are at resistance again which may mean nothing. I think there is a good chance we break out, and it's going to be 100 points quick as a recognition wave hits. Sentiment is too bearish here, unlike May 1st.
Edited by CLK, 24 June 2019 - 07:23 PM.
#6
CLK
-
- Traders-Talk User
- 10,787 posts
Member
#7
CLK
-
- Traders-Talk User
- 10,787 posts
Member
Posted 25 June 2019 - 12:54 PM
I have almost zero interest in the stock market, if you are a long term trend trader you are wasting your time.
They have the market cornered, if you are expecting breakouts or breakdowns you will lose your money.
I've given up on making money in stocks, you need a million first to do it, buy and hold. I have about 1500 in various options
on the long side, I moved 95% to Bitcoin, something that MOVES and something that doesn't take a couple generations to see the money. Good luck wasting your time in this.
Edited by CLK, 25 June 2019 - 12:54 PM.
#8
CLK
-
- Traders-Talk User
- 10,787 posts
Member
Posted 25 June 2019 - 01:21 PM
And just cancelled my Stockcharts account after 16 years and over 5k wasted in subscriptions, I suggest you do the same, wait,
most already figured that out and use free big charts or such.
#9
hhh
-
- Traders-Talk User
- 1,063 posts
Member
Posted 25 June 2019 - 01:37 PM
I paid for a chart service years ago and it was so bad, it was worse than the free ones. Have used free ever since.
#10
bigtrader
-
- Traders-Talk User
- 519 posts
Member
Posted 25 June 2019 - 02:40 PM
just cancelled stock charts too
No longer interested in debating with IGNORANT people.
