How low will it go? and whats the time frame for this demolition.
When it turns back upwards how high will it rise.
Dow and S&P
I'm not up for even guessing--I'm just totally demoralized. Hindenburg Omens, death crosses, head and shoulder patterns, none of this stuff is supposed to be meaningful, buy somehow I think the pessimists will again be right. I will then get to hear "how could you not have seen this coming" from family and friends yet again. Very depressing.
How low will it go? and whats the time frame for this demolition.
When it turns back upwards how high will it rise.
Dow and S&P
Carl, can you also give us a weather prediction for Miami this winter?Hi Carl,
I really enjoy your service and have for about nine years. Thank you for all your hard work and dedication. I was wondering if you could tell me the potential technical "bottom" numbers for the Dow, S&P 500, and Nasdaq?
Thank you very much.
ANSWER: I don't follow the Nasdaq. I have rough targets of Dow 3000 and SPX 300 around late-2010. I wouldn't exactly call these "technical" targets -- I am guestimating a total decline of about 80%, using the 1929-1932 bear market 90% decline as a guide. The timing is based on the estimate for the next 4-Year Cycle low, which is due mid-to-late 2010.
While I can't swear by these estimates, I don't think I'm sticking my neck out too far.
Carl
. . . .
How abou450.
S&P 500 to hit 450, SocGen strategist warns - MarketWatch
Or this
Hi Carl,
I really enjoy your service and have for about nine years. Thank you for all your hard work and dedication. I was wondering if you could tell me the potential technical "bottom" numbers for the Dow, S&P 500, and Nasdaq?
Thank you very much.
ANSWER: I don't follow the Nasdaq. I have rough targets of Dow 3000 and SPX 300 around late-2010. I wouldn't exactly call these "technical" targets -- I am guestimating a total decline of about 80%, using the 1929-1932 bear market 90% decline as a guide. The timing is based on the estimate for the next 4-Year Cycle low, which is due mid-to-late 2010.
While I can't swear by these estimates, I don't think I'm sticking my neck out too far.
Carl
. . . .
Decision Point®: Chart Spotlight 2/27/2009
I can not fall asleep tonight.
That looks to be the scenario being played out.I believe we are in trading range between Dow 9800 and Dow 11,000. I don't see us going +/- 10% out of this range for the next two years.
I like to hear that. Sometimes, it feels better to have a belief than not knowing what to believe.Oh BTW, I am pretty crappy at forecasting, but I am acting on my beliefs.
Why on earth would someone 100% in cash have anything to keep them awake at night?I can not fall asleep tonight.
Why on earth would someone 100% in cash have anything to keep them awake at night?
Dex, you need to take your Casita out for another trip. Get your mind off this gloomy stuff before the winter gets here. I am dying to go, yet that botched roof repair will keep me grounded for who knows how long.
Oh BTW, I am pretty crappy at forecasting, but I am acting on my beliefs.
(i.e. selling calls, selling stocks, and selling short when the Dow got above 10,500 and writing (selling) puts, buying stocks as the market has tested 10,000. _
How low will it go? and whats the time frame for this demolition.
When it turns back upwards how high will it rise.
Dow and S&P
If you mean you are selling naked puts around 10,000, your first sentence bothers me.
Ha
Well, should we slit our wrists, or start cooking and selling meth ?
.
Well, should we slit our wrists, or start cooking and selling meth ?