I think the red megaphone is still in play. We have a short-term wave 4 of 5 down coming much higher than S&P 1900 (more like 1975) followed by a wave 5 of 5 to new all-time highs. This will be the last high in this entire bull market. I give the parabolic blowoff about a 20% chance, so somewhat high relatively speaking.
I have to give you credit for getting out of gold and into stock market at right time. However, it is true only for SM index like DOW, SPY or QQQ. I have Vz and it is doing just the opposite going down when market is going up even through it is part of DOW.
I think the red megaphone is still in play. We have a short-term wave 4 of 5 down coming much higher than S&P 1900 (more like 1975) followed by a wave 5 of 5 to new all-time highs. This will be the last high in this entire bull market. I give the parabolic blowoff about a 20% chance, so somewhat high relatively speaking.
ReplyDeleteCongrats on nailing the bottom of this parabolic move in the stock market!!
ReplyDeleteI have to give you credit for getting out of gold and into stock market at right time. However, it is true only for SM index like DOW, SPY or QQQ. I have Vz and it is doing just the opposite going down when market is going up even through it is part of DOW.
ReplyDeleteWHO IS "SERIOUS MONEY"?
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