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Non-Tech : The Woodshed
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To: SwampDogg who wrote (59987)7/23/2020 7:05:53 PM
From: ItsAllCyclical  Read Replies (1) of 60926
 
Agree that gold is going to break previous highs on this run. Much of the forward curve is already there. But if we go to 2K seems like we'll overshoot to 2100 hit w/2400-2500 possible imo. Equal weight techs looks to be in much better shape. Google is not parabolic nor extreme on the valuation side. We will get further selling and extremes like TSLA and AMZN have work to do, but not sure it'll be as big of a smash as you're expecting.

I think a lot depends on whether we get selling in everything or if we get rotation w/techs being used to fund the rotation. I'm leaning towards rotation w/some hiccups.
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