Hello....fully agree that it's going down alot lower - but in your opinion, what do you think the fair/real low could be, and/or what is the the crazy low it could get to? Me - if I look at my Daily/Weekly & monthly charts with LinReg200/MA Cross Daily to +/- 28 500 Weekly HAS BROKEN out my LinReg channel down so I have no idea where it could go to..... Monthly broken the average trend/medium price and support in channel is at +/- 25k What you think/reckon?
Cheers, thanks for sharing.
Section3133
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@Laurent10, easy...20k...QT for years to come..FX headwinds for years...rate hikes for years...failed 15 yr experiment by the fed...with 9 trillion on the balance sheet..GSM...the gig is up...$205 a share X 14X equals 2870 at best on s&p..if we are lucky it doesn't go further...s&p should not be trading any higher than 11-14x MAX. more like 12X...not 18X like now.....all i own is energy fyi WTI after midterms will go to 150m a barrel...so energy some healthcare and qqq puts all day.... bought at 300 put strike a month ago...we are in the 3rd inning of inflation and 3rd inning of repricing markets..again no matter what ANYONE says on cnbc other than Mike Wilson...ignore everyone else...time to pay the piper which everyone knew we would have to one day...that day is NOW...nasdaq. 8-9k bottom
Section3133
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@Laurent10, problem is...you have 2 generations millennials and genz who actually believe that0% rates and unlimited QE is normal...if you have only traded 2008-2022...you wouldnt understand normalcy in markets...a great year is doin 10-15% ROI on your portfolio...not 1000% or even 50%...thats brainwashed fantasy world.....
Me - if I look at my Daily/Weekly & monthly charts with LinReg200/MA Cross
Daily to +/- 28 500
Weekly HAS BROKEN out my LinReg channel down so I have no idea where it could go to.....
Monthly broken the average trend/medium price and support in channel is at +/- 25k
What you think/reckon?
Cheers, thanks for sharing.