11 replies to this topic

[An Ant]

No doubt in my mind that SPX will go below 2000,2007 breakout line.

 

Avi Gilbert:

SPX 1800-2200 OR 1000

May visit 6000 first

https://seekingalpha...the-same-ending

[MDurkin]

"Of course, I can be wrong that the impending bear market will last a minimum of 13 years, with potential to last as long as 20 years. Therefore, my alternative is that we are going to develop an even more extended 5th wave off the 2009 low. That would suggest that the rally off the 2009 low was only a 1st wave of a very extended 5th wave. And, that the impending bear market is a 2nd wave pullback. This will likely result in only a five-eight-year bear market guestimation, with a target in the 1800-2200SPX region.

In either case, once the market either provides us with a higher high in the coming two years or provides us with clear evidence in the coming months that we have already topped, I am assuming we will be stuck in a market correction which will last at least five-eight years. Once this segment of the correction concludes, we will then have to see how the market rallies off the low of that initial decline segment. If the rally is impulsive in nature, then I will adopt my alternative count of a much larger one-two structure off the 2009 low. However, if the nature of the rally is clearly corrective, then I will be assuming the bear market will continue for at least another approximately eight years (but with the first three-five years of that being a corrective rally within the ongoing bear market").

https://www.moneysho...considerations/

Edited by MDurkin, 13 October 2022 - 03:26 AM.