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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: RedTowerMountain who wrote (109401)8/8/2018 2:16:00 PM
From: POKERSAM  Read Replies (2) of 218591
 
I was just out bulling the local bulls. I don't doubt the DOW will go to 42000 some day if there is no nuclear war or other catastrophe.
Looking at the S&P for the next few years:

Having completed five waves up of Super Cycle (I) from 666 my forecast for the S&P is we are on the cusp of a dramatic drop in three waves of Super Cycle (II) ending near 1810. This correction should take us into 2020. After this correction is over we will resume the march higher in a Super Cycle wave (III) which will be a bull market unlike anything we have seen before both in length of time and distance traveled. The S&P will hit a minimum of 5400. The Dow should reach a minimum of 32,600.

So I am very bullish but not so bullish I'm insane and cannot see the fact of corrections along the way.
It has always been so and so it shall ever be. The pattern is repeated over and over again in every fractal.
It is five waves up and three waves down. We have completed five up and now we will complete three down.
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