Slider:
Below is the latest market prediction of a brilliant trader who posts on another site. I have been following him for several years and his record is second to none. An E waver like Gary.
e: Sun Dec 05 1999 12:36
APH (Good morning Smithy) ID#7223:
Copyright ¸ 1999 APH/Kitco Inc. All rights reserved
You're right, trying to predict far out prices is fun to do, the problem with that is traders and investors start to think the predictions are fact and fail
to do what is neccessary to preserve capital while waiting for the predicted fact to occur. Long term perdictions have to be kept in prespective.
Now to answer your question. It looks to me as if we are still in wave 3 since 1982 lows, 3 could end near 12,000, if 12,000 doesn't hold it a run
to 15-16,000 is likely, from 12,000 a correction back to 8,000, then a final move up min. 15,000. If this rally tops near 15-16 k I'd look for a
correction back to 11,000 then a move up min. 18-19,000.
On a more realistic note the snp should reach a high near 1470-1475 about mid week if you can stand it, that would be the place to try a short for
2-3 days, other wise wait until mid month to position yourself for a year end rally.
gold and silver should be reaching trading lows at 270-268 gold and 4.80 silver. to get those prices you may have to go into the night session to
night. |
