23 replies to this topic

[blustar]

I'm calling a top today with lows on June  9, 12,22, 25, 29, July 7

 

SPX could be down 35-36% once again

 

Gold/GDX low June 29

Edited by blustar, 03 June 2020 - 11:40 AM.

[trioderob]

let me make sure I have your call right.

 

you are saying that today is the top of a bear market rally - we are NOT in a new bull market 

 

and the  SPX 500 could drop up to 36 % to around the 2000 area ?

 

looking at your blog it seems that you came to this conclusion having created a large pennant from this covid crash and recovery which you feel will cataclysmically break to the down side 

 

do I have this correct ?

[SemiBizz]

it's not going to be today... Friday is the turn date I have in mind... we shall see...

 

Friday also that dirty Full Moondoggie.

[da_cheif]

 .....no 35 36% dip but the dow hasa confirmed near term projection to 26729 once 26301 is exceeded....whether it happens before or after www is immaterial   sentiment precludes any big dip unless of course there is a news event ....but any dip is a buying opp....asa position trader being prepared for upside surprises is the name of the game

Edited by da_cheif, 03 June 2020 - 01:14 PM.

[slupert]

Top could be right, but no 35% pullback, March was simply amazing in the way it pulled back 30%, and that was in a month, not a week. (JMHO)

[redfoliage2]

This looks a kind of top, maybe just a swing top.  At this price level we have to use TAs and it's not like a few weeks ago when you can buy with eyes closed .....................

[gannman]

we are in a wave iii from what i can see i expect tiny pullbacks 

 

those who have missed it will be forced to enter i believe but 

 

then again no guarantees in this business

[redfoliage2]

I'm calling a top today with lows on June  9, 12,22, 25, 29, July 7

 

SPX could be down 35-36% once again

 

Gold/GDX low June 29

Okay, it's going down tomorrow ...........

[andr99]

35% drop with elections in november ? 

[pdx5]

35% drop with elections in november ? 

Yeah really! What is the last time market was down 35% in an election year. 

I see nothing but bulls who were on the side lines and who missed the boat since March lows, climbing aboard.

Only minor corrections could happen on the way to all time highs, with caveat interest rates remain near zero, that is my FF.

We will find out by July if my FF was correct.