| | | The Bears are hurting again.
Message 34467977
I do not do drugs, drink a little wine. Was dry when I came up with this.
A rising tide lifts all boats.
If I use my estimation methods used in the post for the dow, etc. I get for Big 5th Wave Tops:
Dow Top: ~ 59,000
Spx Top: ~ 9,000
Ndx Top: ~ 27,000
Sox Top: ~ 6,000
Iwm: ~ 400
The Cheifios recognition wave. And for the bears, this next big top is not the last one. There will be another big correction, and the finally. With a little luck some of us may be around to see the that.
I did not compute out the %'s, I suspect the Sox and Iwm come out on top.
Someone well respected on SIrecently stated "The Market Can Do Anything".
Yes it can, including put in this huge 5th wave move, as I have it. A lot of people think the 3rd is the biggie, it usually is time wise. But in a big blowoff, the 5th usually is, amplitude wise. As euphoria takes over it goes crazy and out does them all. If this comes to pass I suspect this 5th wave will fully sub divide, there will be corrections but they will be fast and furious. Hard to trade up but enuff to suck the bears in each time.
So what is driving this? Tech, tech, and more tech. It is changing our lives, unless you choose to live out in the boonies, off grid, etc. etc. Not many people do, and many of those that do still have lots of tech around to help them out. Not too many pack spears anymore.
Thanks for always being optimistic Birdie, we need more of that. Imo.
Tweets |
|
