I have monitored your website for quite a while now and followed all your calls not just the stock market but gold and treasuries as well for over two years.
Think this is the only time I have seen you double up on a position...
HEY CARL been a while since i posted yet today was a turn date and this week is also a turn week . google has had a fairly reliable 21 week cycle low for a long time now this week is week 21 . while im looking to the bullish side i cant say were out of the woods cycles wise . if we can manage to hold onto to what ever lows come in mid aug then then next major turn cycles wise is early november which happens to line up with the elections , also im begining to wonder if mccain might actually become the next presidaant . all this said if the mkt is about to follow prior history i would not expect the dow to get much over 5 percent above its all time high in 2007 . lastly my other computer had a problem so im digging info out of the hard drive yet we should be looking at bear mkt time spans , so far this decline is what i would consider normal , good luck joe
1290 was the first post low reversal-high...we hit 1290 on the intraday, closed near 1280ish...then corrected 40-50 points...so the next bullish Price objective would be 1300...not sure why 1325, but "PM"(who posted the 1325 target) was on point. Looking at an S&P Point and Figure chart, we are building a healthy base...Fingers Crossed.
BOTTOM is definitely in. There will be no lower low in mid-august. My 500% long position is making good money now and it's will make more by September as we climb higher. Shorts have missed the boat again and will be paying me later on this month when they cover. hehe.
10 comments:
Carl,
Thanks for your wonderful website. I have found it very useful, and just made a donation.
-FK
nice trade at 61.75.
I have monitored your website for quite a while now and followed all your calls not just the stock market but gold and treasuries as well for over two years.
Think this is the only time I have seen you double up on a position...
HEY CARL
been a while since i posted
yet today was a turn date and this week is also a turn week . google has had a fairly reliable 21 week cycle low for a long time now this week is week 21 . while im looking to the bullish side i cant say were out of the woods cycles wise .
if we can manage to hold onto to what ever lows come in mid aug then then next major turn cycles wise is early november which happens to line up with the elections , also im begining to wonder if mccain might actually become the next presidaant .
all this said if the mkt is about to follow prior history i would not expect the dow to get much over 5 percent above its all time high in 2007 . lastly my other computer had a problem so im digging info out of the hard drive yet we should be looking at bear mkt time spans , so far this decline is what i would consider normal , good luck
joe
Why 1325? What about 1290? thanks.
carl,
great comment on contrarians in the comment section. 9 out of 10 were bearish. that was funny but very accurate indicator. good job.
1290 was the first post low reversal-high...we hit 1290 on the intraday, closed near 1280ish...then corrected 40-50 points...so the next bullish Price objective would be 1300...not sure why 1325, but "PM"(who posted the 1325 target) was on point. Looking at an S&P Point and Figure chart, we are building a healthy base...Fingers Crossed.
BOTTOM is definitely in. There will be no lower low in mid-august. My 500% long position is making good money now and it's will make more by September as we climb higher. Shorts have missed the boat again and will be paying me later on this month when they cover. hehe.
Maurice
Maurice how are you long 500%...Sarcasm?
500% wow. Bulls and bears make money but I think you will be made into pork sausage. After the Olympics.
Goodluck.
Jim
Post a Comment