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To: SwampDogg who wrote (33037)12/27/2018 9:37:19 PM
From: Bull RidaH2 Recommendations

Recommended By
Fintas
Fiscally Conservative

  Read Replies (4) | Respond to of 41419
 
A move to 2600 with further allowance for a few closes above is an enormous amount to risk for a trader of size. Guys willing to do that belong here with me in Vegas. I'll show them how to turn that same $100k they're risking into $1 million on the craps table in less than 30 minutes. <g>

Rest assured I'm with you on the long-term direction of this market. It's the most insanely valued market in the history of equity markets, and legions of investors will be destroyed buying the dips after the final high comes in... from here all the way down to 800 SPX. But short-term, I have to agree with LaChef that we're headed higher without hesitation, if only to wipe out all Bears possible

Message 31950043

This will leave far fewer Bears down the road when the final high comes in... and since this is an Ewave Thread, I'll proffer the current count I favor for Peer Review. I certainly look forward to going Thermonuclear short with you sometime in the near future, and enjoying that 1500 pt down day next year. Once again, congrats on the great rally call... Surely one of the greats this site has ever seen.




To: SwampDogg who wrote (33037)12/28/2018 10:24:31 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (1) | Respond to of 41419
 
If you remember what took place in Jan 2008 heading into OEX and from what levels we dropped into it from earlier in 2007. I'd say it's possible to see many a strike go buh buh on the long side. ANNNND as this happens then I'm sure you remember what happened to BSC in the not too distant future back in 2008 that affected many. So it's not out of the question that THIS time that event happens but out side our borders to some financial institution.

Which is why Longs here and now should sleep with one eye open. SMILE Hey wait given the hit many an equity has had perhaps they should have already been defensive. Amzn from 2020 to a low of 1330 ish. OH heck what's near 700 points amongst friends or 33% down in Months. Those chasing the bounce best understand ol Amzn has a destiny with 1134 and probably lower.

BAC is heading to 19.44 and then 14.58 and possibly lower.

JPM is heading to 81/73 and possibly the 64 area.

Some might begin to see 1836 SPX is very possible. As they chase a bounce of 5-10%.. ZZZZZ

Fintas