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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Fintas who wrote (28462)3/23/2017 11:33:14 PM
From: MythMan1 Recommendation

Recommended By
Rarebird

  Read Replies (1) | Respond to of 34802
 
>>Just a person who agrees with you or hmmm Myth man or many of my friends.<<

no relation to me. If you can't figure that out..jeez....



To: Fintas who wrote (28462)3/24/2017 2:02:02 AM
From: AdvocatusDiaboli1 Recommendation

Recommended By
mary-ally-smith

  Read Replies (1) | Respond to of 34802
 
I reiterate that I do not know who Mary Ally Smith is and I do not care who she is or what anyone thinks. She may agree with some things I say but she is not my side kick. You seem to have a fetish about her.

You ask me to put up something to support my opinion. Well that is not so easy as I follow multiple models based on multiple predictors with unequal but aggregated scoring. My composite model is my guide to investing.
A component of my composite model is my take on market psychology.

I understand those who endlessly preach doom and gloom and I understand also those that are overly optimistic.

I am ambivalent regarding your statement:
The DOW possible upside is < then the possible downside
I am not a perma Bull and will change my investment position very quickly when my model indicates that we are entering a Bear phase.

At this point I advise BUY the DIP. We are currently in that correction (taking a breather) window before heading north at increased pace. Watch the angle of the graph in the months ahead as it will climb steeply and that is the sign of the irrational exuberance that will lead to the crash you allude to.

Currently we see Trump's agenda being bogged down on several fronts, we have some uncertainty in Europe with elections to come in France and later in Germany and Brexit progress. Interest rates have risen but probably will not rise as much as expected by some pundits. With all that uncertainty we get a miserly 2.5% correction from 2400 when I incorrectly predicted 4%.

The market is strong and is going to take off shortly.

Do not be caught short and do not miss the party.

Beware the fall in The Fall.