Just popped in to say Hi,..
Technical Analysis and Elliott Waves work, but only in a weighted flowing environment.
They do not work in forecasting the direction of a feather blowing in a random wind.
Why, do i say this?,,,, With, these present markets, all you can trust is historical weighted values and growth rates to get an idea of value. Big money is not committing to the markets. In addition, smart money is not interested in feeding the markets at these blotted levels.
Therefore, over the next 10 years or so, after further conclusion, these are my FINAL bottoming targets
Dow Jones 5000;
S&P 500 600;
NASDAQ 500.
Assuming these bottoming targets are reached, all three indexes would be trading at existing 15-30 P/E ratios within back-to-basics pro-forma growth rates. These bottoming targets are not taking into account any potential new-age depression slower growth rates which may be revised to show 1.5 from 2.5 soon.
Have a great rest of the weekend,... |
