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World Stock Markets Trading Discussion - Sabotaged serenity


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I think we'll get a nerve racking correction sometime this year but it will find it's footing for the march to 2800 S&P in 2018....

How do you get 2800 on SPX?

 

From eg megaphone pattern perspective (650/700 till 1600) we get 2500. From wave perspective we get 2390-2440 etc. 

2400 is now my long term target based on waves. 

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How do you get 2800 on SPX?

 

From eg megaphone pattern perspective (650/700 till 1600) we get 2500. From wave perspective we get 2390-2440 etc. 

2400 is now my long term target based on waves. 

 

First wave coming off of the great financial depression lows (666) was about 800 points.

2nd wave coming off of the 2011 low (1100) was about 1,000 points.

3rd wave coming off of the 2016 low (1800) will probably be between 800-1000 points giving me the target of 2800.  That was my projection from the summer of 2016...think that was one of my last post before my little hiatus.   ;)

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First wave coming off of the great financial depression lows (666) was about 800 points.

2nd wave coming off of the 2011 low (1100) was about 1,000 points.

3rd wave coming off of the 2016 low (1800) will probably be between 800-1000 points giving me the target of 2800.  That was my projection from the summer of 2016...think that was one of my last post before my little hiatus.   ;)

 

How many more waves you got in your sleeves?!  :blink:  :lol:  :lol:  :lol:  :lol:

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I am still holding a bunch of long energy positions from the lows in 2016.

When the oil sector joins this final wave of madness in 2018, that's the time to unload everything.

 

In the mean time, play the small intermediate trends.

 

 

Great to "hear" from you Madness........Been very disconnected for quite some time.....Started a position a few days back long [email protected]......

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I am still holding a bunch of long energy positions from the lows in 2016.

When the oil sector joins this final wave of madness in 2018, that's the time to unload everything.

 

In the mean time, play the small intermediate trends.

 

You really think from fundamental perspective that there is scope for much higher oil prices? 60-70 on WTI yes but not more due to shale gas /oil revolution. US crude production is now a key thing to watch and # of oil rigs is growing again.

 

From "inflation" or reflation perspective - somewhere near mid 2017 we should be heading again towards deflation..... base effect would gone, same from china perspective. This reflation trade should die this year.

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You really think from fundamental perspective that there is scope for much higher oil prices? 60-70 on WTI yes but not more due to shale gas /oil revolution. US crude production is now a key thing to watch and # of oil rigs is growing again.

 

From "inflation" or reflation perspective - somewhere near mid 2017 we should be heading again towards deflation..... base effect would gone, same from china perspective. This reflation trade should die this year.

 

US Shale rigs still got plenty of room to go.  It's currently at 800.  The peak was 2,000.  Oil consolidating here in the 50s for some time. 

And in regards to "fundamentals"...i don't know anyone that makes money from it.

 

Ask the folks that were shorting oil in early 2016 based on "fundamentals" how that went.

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Good to see you, Madness. 

 

Well, it's nearly midnight here in Greece. Bedtime for Bozo. 2 more days here in Crete, then on to Palma de Mallorca. 

 

I will really miss the food here. It's insanely good everywhere and unbelievably cheap. It's a shame the Greeks didn't do paying taxes and government finance as well as they have figured out cooking. The country would be rich. 

 

Americans should come here for a few weeks, hang out and spend your US dollars. 

 

Temporary rentals are insanely cheap too. We had penthouses, literally, in both Athens and Chania, Crete. Plenty of space, modern, convenient, and spectacular views. Total rent for the month $1,700. 

 

OK, not penthouses like in Manhattan, but penthouses, nevertheless. Top floor, terrace, view, etc. 

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