9 replies to this topic

[andr99]

as far as I can see, we are close to the bottom for America........I have that, looking at the stocks on my monitor, that are a good marker for the indexes 

Edited by andr99, 16 April 2024 - 01:39 PM.

[blustar]

We agree, but careful tho', Mercury Rx in Aries says take profits often. A new high on the SPX this Monday looks likely after one more trip down today. The wave structure tells me that a larger quicker drop is due into April 29, then one last hurrah to the upside into ~May 17. A May to June hard collapse is in the offing according to my read.

[GDA]

"A new high on the SPX this Monday"

The chance of this happening is exactly 1%

[blustar]

"A new high on the SPX this Monday"

The chance of this happening is exactly 1%

I changed it to Tuesday

[slupert]

as far as I can see, we are close to the bottom for America........I have that, looking at the stocks on my monitor, that are a good marker for the indexes 

What are the stocks? TIa

Edited by slupert, 18 April 2024 - 04:14 PM.

[GDA]

 

"A new high on the SPX this Monday"

The chance of this happening is exactly 1%

I changed it to Tuesday

 

If that's the case, then the chance is < 0%

[andr99]

slupert, I have already said that I'm long in the US stock market and this time I won't tell what stocks I have in my pockets. One time is enough and I have 

already told to everybody which italian banks I entered long in September and when I closed the long position for a 50% gain. That is enough to me. 

Sorry, but in this business, it is better to keep the mouth closed and that is what I'm going to do. Nevertheless I keep posting where the turning points 

of the US stock market are, in my opinion obviously, because that is not something I have to protect. 

Edited by andr99, 19 April 2024 - 01:46 AM.

[andr99]

however, there's a carmaker that I like which I could buy if it loses 1/3 of its current value

[andr99]

well, ''resumed in one or two days'' was a bit optimistic, it seems, however if it's three or four, it doesn't change much for my trading style. What I'm confident of, is that 

we are bottoming and the week we're entering should mark the bottom. 

[andr99]

I knew I might have been one or two days early with my call, but when you trade stocks in the long term, what difference can it make ?