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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: Goldilocks who wrote (28839)	5/20/2018 3:13:35 PM
From: scoot1212	Respond to of 41170

Personally, I'm looking for 2467 area, as the major resistance, which is close to PK's. If it shows no signs of stopping there, than the 9 year bull is over. If it stops there, than one more run to new highs before the recession begins. It will be a short-lived recession, whenever it happens. It will be a quick discounting of the higher interest rates, and that's all. By the time the fundamental analysts figure out we're in a recession .....it will be over.;)

To: Goldilocks who wrote (28839)	5/20/2018 3:56:07 PM
From: POKERSAM	Read Replies (2) \| Respond to of 41170

If correct we will go much lower. If, as I believe, we are correcting the five waves from the 666 low my ultimate target is 1810. The decline will be 350 points whether from 2742 of 2767. We are at an inflection point at the present. If 2767 is surpassed to the upside it will add evidence that this correction has been a wave four of the advance from 1810. I find that highly doubtful but recognize that slim possibility. It is always about possibilities and probabilities. IMO it is probable we reach 1810 correcting the five complete Cycle waves from 666. In the mean time watch to see if we go up 50 or down 50. Either is possible with down 50 having a edge. The short term count can be argued both ways. The open will probably determine which way it is going.