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Strategies & Market Trends : Point and Figure Charting
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To: Fintas who wrote (31606)5/11/2019 7:58:28 PM
From: AdvocatusDiaboli  Read Replies (1) of 34824
 
So how about you ratchet it down to a number we ALL do agree the SPX will be hit in a reasonable time line.

Here and now 3000k -3402 is a number many consider.

I'm on record re 5k.
It was never my intent to rachet up any number.

Arriving at "a number we ALL do agree the SPX will be hit in a reasonable time line" is not going to happen.
What is a "reasonable time" ?

You have demonstrated the difficulty in getting collective agreement by saying "Here and now 3000k -3402 is a number many consider." but going on to point out that "I'm on record re 5k"

Nobody knows with certainty where this market will go in the 6 months ahead which shall be my " reasonable time". There are several threats hanging like a sword of Damocles over this market that if they get out of control will likely bring down the whole house of cards. The China Syndrome looms largest.

My guess is that we shall sail through the rough waters and get a serious blow off top before the party is over.

So I will put up my best GUESS that we reach 3500 before this bull is slain.

But I will continue to take it a week at a time and at present my model remains on a strong BUY signal despite the turbulence of the last week. I remain fully invested.
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