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

To: Ms. Baby Boomer who wrote (32566)	12/25/2019 12:21:35 PM
From: yard_man	Respond to of 34811

>> U R f*king crazy... << True. But back to the topic at hand. For 3500 I am talking about less* than a 9% advance from here. Given we are in the midst of a parabolic rise here, I see that easily possible by the end of January (quickly). I'll concede that in many ways the underlying foundation for this rally is purely printing and confidence -- buuut that having brought us at least 1/2 the way to here from the overnight bottom when the trump-meister was elected -- I don't see why the same -- printing and con-fidence can't take us up another 9% or so. TO say THIS is the top -- well -- that seems a bit crazy!! It may turn out to be -- but if anyone calls it here -- it will be dumb luck. Still waiting for all the bear complaints to reach a real crescendo ... we are somewhat close, I think. That said, I bought some SOXS calls Monday -- maybe we are due for a little scare?? Wait till all the bears are crying in January and February will probably provide a better R/R?? That's my crazy thinking at this point. Ms. Boomer -- do you like gold and/or oil? Give me your take on those. I don't think 4000 on the spx is possible unless there are some serious shifts in fiscal policy. I am at least bearish to neutral for the coming 6-12 month period. OTOH, I've been thoroughly surprised by tech stock advance in last half of this year and I thought -- at this time last year there was a lot more downside to come => I am not a rabid bull, but recognize how easy it is to get these things wrong.