I know I have been blabbering alot but listened to this today and found it an interesting 30 minutes. That and I know how many here enjoy and respect his view points.
Posted 15 October 2017 - 11:07 AM
I know I have been blabbering alot but listened to this today and found it an interesting 30 minutes. That and I know how many here enjoy and respect his view points.
Posted 15 October 2017 - 05:03 PM
For those who may have a lack of time to listen to the whole thing, would you please give us the bottom line projection?
As a matter of courtesy, the SPX breadth MCSUM gave a new longer term price projection last week to ~2850.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 15 October 2017 - 07:32 PM
For those who may have a lack of time to listen to the whole thing, would you please give us the bottom line projection?
As a matter of courtesy, the SPX breadth MCSUM gave a new longer term price projection last week to ~2850.
Fib
The audio was bad and Ike's accent made it difficult to listen to. Despite that, I was able to decipher Ike's forecast. He said the potential upside for the SPX is about 10%, and after the top is made, there is the potential for a 50-65% decline. In other words, the risk to reward ratio from here is about 6 to 1.
Posted 16 October 2017 - 09:07 AM
Well, my wave pattern projections have three levels, low 2600 area, low 2700 area low 2800 area with 90% decline after topping so the risk to reward is greater. Best odds are stay with the SP-1500 model from Stock Charts.com which has been on a buy signal since first quarter 2016 with one short exit recently then back on buy signal in September.
Posted 16 October 2017 - 09:56 AM
Well, my wave pattern projections have three levels, low 2600 area, low 2700 area low 2800 area with 90% decline
90% ?
Edited by NAV, 16 October 2017 - 09:56 AM.
Posted 16 October 2017 - 12:26 PM
Well, my wave pattern projections have three levels, low 2600 area, low 2700 area low 2800 area with 90% decline
90% ?
Sure, same cycle as 1929 same result.....d:^)
Posted 17 October 2017 - 06:44 AM