26 replies to this topic

[da_cheif]

retracement rally???    not  ....     russ is still thinking bear market.....i luv it

[Russ]

retracement rally???    not  ....     russ is still thinking bear market.....i luv it

You are predicting the Dow will rally past mid June?  I am not saying it is going to take out the March low (which I predicted last December and put the signal on my blog in early March - https://marketvision...-april-3rd.html  My chart suggested the spx would get down to 2100 by April 3, the low came in on March 23 at about 2200.  I recall while the crash was unfolding you were dismissing the seriousness of the covid-19 virus and the potential sell-off, which may be somewhat true about the virus but the market did not see it that way at the time. You are quite good at calling the lows as they unfold but long term prediction maybe not also so good as I also recall during the housing and banking crisis of 2008-2009 you told Roger Dodger on this board that it was just a few delinquent mortgage holders that would not amount to much. lol. I predicted in early 2007 on this board that the housing index was going to form a big low in the spring of 2009, the exact low came in a couple of months earlier that my projection from early 2007 but the forecast was correct overall as can be seen on my blog here: https://marketvision...r May-June 2009    I also predicted the low for gold to the day on Nov. 12 , 2019 on the gold forum (Dharma's post) in August.  

Edited by Russ, 03 June 2020 - 03:58 PM.

[da_cheif]

so russ u short or long? and correcti me if im wrong ....u carry a distinct overall  pessimism about the dows  upside   long term future   i patienty await the recognition wave up where u will become a raging bull    like me....the day of the feb high    https://www.siliconinvestor.com/readmsg.aspx?msgid=32549167&srchtxt=hedges%20out 

 

the low was ,mid march   not apr 3    the dow like the ndx  wiill make alll  time highs and beyond

Edited by da_cheif, 03 June 2020 - 04:43 PM.

[da_cheif]

 

retracement rally???    not  ....     russ is still thinking bear market.....i luv it

You are predicting the Dow will rally past mid June?  I am not saying it is going to take out the March low (which I predicted last December and put the signal on my blog in early March - https://marketvision...-april-3rd.html  My chart suggested the spx would get down to 2100 by April 3, the low came in on March 23 at about 2200.  I recall while the crash was unfolding you were dismissing the seriousness of the covid-19 virus and the potential sell-off, which may be somewhat true about the virus but the market did not see it that way at the time. You are quite good at calling the lows as they unfold but long term prediction maybe not also so good as I also recall during the housing and banking crisis of 2008-2009 you told Roger Dodger on this board that it was just a few delinquent mortgage holders that would not amount to much. lol. I predicted in early 2007 on this board that the housing index was going to form a big low in the spring of 2009, the exact low came in a couple of months earlier that my projection from early 2007 but the forecast was correct overall as can be seen on my blog here: https://marketvision...r May-June 2009    I also predicted the low for gold to the day on Nov. 12 , 2019 on the gold forum (Dharma's post) in August.  

 

Russ says:

January 14, 2009 at 12:56 am

Regnum wrote: “dachief can’t be taken seriously. The epicenter babble is good for a chuckle but not much else.

 

 

how many more thousands of points up before .........i see    Wolanchuk was right??

[da_cheif]

 

retracement rally???    not  ....     russ is still thinking bear market.....i luv it

You are predicting the Dow will rally past mid June?  I am not saying it is going to take out the March low (which I predicted last December and put the signal on my blog in early March - https://marketvision...-april-3rd.html  My chart suggested the spx would get down to 2100 by April 3, the low came in on March 23 at about 2200.  I recall while the crash was unfolding you were dismissing the seriousness of the covid-19 virus and the potential sell-off, which may be somewhat true about the virus but the market did not see it that way at the time. You are quite good at calling the lows as they unfold but long term prediction maybe not also so good as I also recall during the housing and banking crisis of 2008-2009 you told Roger Dodger on this board that it was just a few delinquent mortgage holders that would not amount to much. lol. I predicted in early 2007 on this board that the housing index was going to form a big low in the spring of 2009, the exact low came in a couple of months earlier that my projection from early 2007 but the forecast was correct overall as can be seen on my blog here: https://marketvision...r May-June 2009    I also predicted the low for gold to the day on Nov. 12 , 2019 on the gold forum (Dharma's post) in August.  

 

russ ur just an amazing analyst.....what can i say  ....my performance is dismal compared to yours....u r the guy

[Russ]

 

 

retracement rally???    not  ....     russ is still thinking bear market.....i luv it

You are predicting the Dow will rally past mid June?  I am not saying it is going to take out the March low (which I predicted last December and put the signal on my blog in early March - https://marketvision...-april-3rd.html  My chart suggested the spx would get down to 2100 by April 3, the low came in on March 23 at about 2200.  I recall while the crash was unfolding you were dismissing the seriousness of the covid-19 virus and the potential sell-off, which may be somewhat true about the virus but the market did not see it that way at the time. You are quite good at calling the lows as they unfold but long term prediction maybe not also so good as I also recall during the housing and banking crisis of 2008-2009 you told Roger Dodger on this board that it was just a few delinquent mortgage holders that would not amount to much. lol. I predicted in early 2007 on this board that the housing index was going to form a big low in the spring of 2009, the exact low came in a couple of months earlier that my projection from early 2007 but the forecast was correct overall as can be seen on my blog here: https://marketvision...r May-June 2009    I also predicted the low for gold to the day on Nov. 12 , 2019 on the gold forum (Dharma's post) in August.  

 

russ ur just an amazing analyst.....what can i say  ....my performance is dismal compared to yours....u r the guy

 

You posted this 1 week before the market crashed and and lost around 40% of it's value, pretty much sticking with watch the sky.   https://www.traders-...rt/?hl=da_cheif  The low for the spx was March 23, my projection in Dec. called for a low on April 3, I was off by 9 trading days on a prediction about 3 months before it happened, I got the trend correct, sometimes I call it to the day. I am not perfect but I made about 150% in my accounts last year. I trade mostly leveraged gold funds like NUGT, I sold nugt in Feb after making a good percent from my Nov 12 low prediction. .

 

Unlike some others on this board I acknowledge you are very good at picking bottoms using your clx stuff and yeah 675 ono was very good.  One guy actually called you the best bottom picker out there. I will be looking to enter back into the golds in mid June..  I also have this jewel which is predicting a big low the the US dollar index next Oct (see chart attached) so that should also mean that gold will fly into that time, longer term I have projections for gold to form a big high in 2021. I am not sure the stock market can do well when gold will be surging from some kind of a crisis. I don't have a longer term projection for the general stock markets at this time, even buying in on April 3 on the wave 2 pullback was a good entry to make some money. I don't disagree that the dow can go much higher further out, i just see it stalling out in mid June. 

 

You and Armstrong have been strong bulls for the stock market, in Armstrong's case going back to the crash of 87 days, when others were calling for a great depression, he was predicting 6000 for the dow and then 10 after that came true. He was calling for Dow 40k last January (he has also mentioned 60k ultimately but turned negative once the crash happened and the government shut the economy down for the virus) on a youtube video after a modest correction in 1st Q but his computer was predicting surging unemployment to rival the 1930's when the unemployment was under 4% which even Armstrong could  not understand how the computer could know that, pretty amazing. I could be the man but am I da cheif?

 

Edited by Russ, 03 June 2020 - 07:12 PM.

[Waver]

Russ, great calls for sure. Maybe the top came in 5-6 days earlier?

 

Is this just a bear market top with new bear market lows to come or this decline is a retrace of the March low rally?

 

Thanks for your help on  this board!