This market just keeps eroding inch by inch, no crashes, just grinding.
The current trajectory suggests a move to the 1217/19 area by March 2008, bump and grind kind of market.
I still believe a move to the 1700's is forthcoming before this whole thing tops in earnest and then down to the 600's by late 2010.
New Forecast
Started by
blustar
, Sep 07 2007 08:24 PM
5 replies to this topic
#1
blustar
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blustar
#2
SemiBizz
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Volume Dynamics Specialist
Posted 07 September 2007 - 09:23 PM
Well, you've come close to outdoing the cheif here... keep in mind his long term forecast covers all the space from here to the sky and beyond... but you've picked up a good portion of it as well as acquired all the downside real estate between here and Armageddon... Could you perhaps tell us what you think is going to happen on Monday perchance? 
Price and Volume Forensics Specialist
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
Citation
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Posted 08 September 2007 - 02:11 PM
My work agrees with yours, Blustar.
I see the peak happening in early 2009 and then the bottom sometime in 2011.
#4
blustar
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blustar
Posted 08 September 2007 - 02:25 PM
Semi: Monday should be a slightly up day after possibly some early weakness. SPX range probably 1447 to 1462.
Citation: what work do you study?
#5
skyymaster
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Posted 08 September 2007 - 04:16 PM
Semi: Monday should be a slightly up day after possibly some early weakness. SPX range probably 1447 to 1462.
Citation: what work do you study?
Aside from fishing, he is super at Volume analysis and targets. I try not to miss his posts. Sorry, semi for answering partly for you.
Bluestar, your forecast for the Intermediate to Long Haul seems to change daily or every few days. It is funny in a way but I really do not expect you or anyone to accurately know where the market will be in 2008, 2009 or what ever. However, if you can accurately tell us how you get your targets (what method) you are expert in then that would be helpful.
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#6
blustar
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blustar
Posted 09 September 2007 - 06:37 PM
Correct, no one can get it perfectly. Everyday the data changes. I turned bearish early last week and continue to be bearish for now. I believe Monday will be an up day, but Tuesday should be a humdinger of a down day.
I use all kinds of data: cycles, trendline support and resistance, bollinger bands, e-wave and more.
Like I said in an earlier post I look for direction and try to ballpark it for amplitude.
