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My Fearless Forecast

Efficiency and discipline

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#1 slupert

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Posted 30 April 2022 - 04:33 AM

First of all, I don't know if anybody watched Jimbo last night, but what he is saying sounds a lot like my last post on efficiency. Wall St. economists have the US economy wrong and will be surprised by its chameleon like qualities. The ability for the worlds largest economy to turn on a dime and head in new directions was not there in the 1970s, I believe it to be there now. Primarily through technology. The second thing they will be surprised by is the discipline of the American consumer, look for surprises in the velocity of money.

   So my Fearless forecast  is, pretty much what Andre is saying we, bottom in the second quarter, possibly in the next couple weeks, then on to new highs (no kidding) late 3rd early 4th quarter, 4900-5040,, Then back down to close the year somewhere around 4300 -4400. (JMHO)


Edited by slupert, 30 April 2022 - 04:33 AM.


#2 pdx5

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Posted 30 April 2022 - 06:45 AM

My FF is 20% drop during 2022 from recent highs.
Then a sluggish market in 2023 typical during stagflation.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 slupert

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Posted 30 April 2022 - 08:53 AM

My FF is 20% drop during 2022 from recent highs.
Then a sluggish market in 2023 typical during stagflation.

we already have a 23% drop. on nas, are you referring to the spx? what does recent mean?



#4 q4wer

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Posted 30 April 2022 - 09:44 AM

bottom in july



#5 pdx5

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Posted 30 April 2022 - 03:50 PM

 

My FF is 20% drop during 2022 from recent highs.
Then a sluggish market in 2023 typical during stagflation.

we already have a 23% drop. on nas, are you referring to the spx? what does recent mean?

 

 

Yes, always  SPX since it is the broadest indicator of market representing 500 largest capitalization outfits in country.

Nasdaq is top heavy. And DJIA is only 30 stocks. 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 steadyquest

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Posted 01 May 2022 - 01:22 PM

Many charts, such as city, can be counted to have just tagged level 2.33 on Friday, which could be a/the bottom, and off to the moon we go.  But with a different ceiling they could be counted as having just breached the 2.33 level, so buckle-up for launch, but keep a chute handy in case they take them lower during market hours.  It's a long way down to 3.5.

 

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