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Thread: The Top

  1. #25

    Default Re: The Top

    Quote Originally Posted by tsptalk View Post
    I am officially wrong.
    It certainly made plenty of sense to me ! Welcome to my world ! :toung:

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  3. #26

    Join Date
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    Default Re: The Top

    Still at least 1000 S&P 500. (Not a recommendation to buy by any means unless you plan to Buy and Birch. It's too late to jump on board today.)

    Sentiment wise: Still too many people looking to call a top here so they can utilize their newly discovered 3X bear funds.

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  5. #27

    Default Re: The Top

    Quote Originally Posted by Bullitt View Post
    Sentiment wise: Still too many people looking to call a top here so they can utilize their newly discovered 3X bear funds.
    FAZ (3X bear financial): 5.24
    52-wk high: 201.86
    52-wk low: 5.13



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  7. #28

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    Default Re: The Top

    Nah-

    Top will be between 935 and 950. Then we go back downward for a while.

    Soon as we hit that 200 day moving average (around 940 by then) we're toast.

    You heard it here first. :-)

  8.  
  9. #29

    Join Date
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    Default Re: The Top

    That's what I like - keep'em out as long as possible. Continue to build those fear levels.

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  11. #30

    Join Date
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    Default A Goober's Guess on Market Top...

    Just a Goober's Guess:

    Market Top will be 950 - 1000...

    I don't know any charting and haven't heard any great stories or whatever. But, I do think the market panics of October/November and early March were rather stupid and rather insane. We needed a correction, not a panic.

    So, with my beer blury eyes trying to focus on some squiggly lines, I will assume a standard correction curve and ignore the panic selling periods. That leaves us at 950 - a 30% correction bear market.

    With the news that Congress and the Administration were about to open their yaks I moved to a very conservative allocation this past week. Uuuummmm, just before two very good market days. Caught some of the growth though. At my age, I should be heavily invested in the market.
    Lookin' up at the 'G Fund'!!!

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