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Strategies & Market Trends : Longer-Term Market Trends
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To: MythMan who wrote (2637)2/16/2014 5:50:12 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

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You can add Da Chief to one who projects numbers. And hits them. However he's careful to leave the when open ended. His 5000 Gold has no timeframe and is usually met with a WHAT'S YOUR RUSH? or YOU IN A HURRY? Yet he holds fast to such as well as the 30k DOW and 3000 SPX.

He had 10k DOW long before many. He also had 16k Dow long before many.

Then there's 1900 Gold.

Abbey Joseph and Louis Yamada have had their moments.

It's not that numbers rarely play out. It's that unrealistic numbers are presented for a time frame.

I've committed for 2014 for the 1458. Ergo you can choose June 2014. I'll stick with 2014.

I'm very careful to not give a date but stick to a target.

If you notice although I'm very confident GE is going to 60. I present 3 years as to the when.

You are correct. Being long the wrong equities will be costly. However, money can be made to the downside if one uses the tools available. I've stated I will sell deep in the money calls. What the heck if I can see UP re a RSI and % , I sure as heck can see DOWN re a RSI and %. I put that work up often with certain equities.

It's going to be fun watching this play out this year. Just as it was fun watching it play out after 2009. The reality is few saw Spx1620 back then. Yet when Spx 1458 was hit in 2012 everyone got religion and became a bull. So what if they missed the 3 years earlier where one could have bought GE/JPM/MSFT and so many lower. WYNN/APPLE/GS etc

NOW all that missed the UP want many to believe the market can not come down ever again. So they buy the 2/3/5% pull backs. That will end. Simply because a 10% correction is no biggee. Neither is 20% when numbers are so extended.
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Fintas
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