Do you thick the market is changing to become a bullish? Are still long in SH?
CalCyclist
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I checked the chart and you are calling for a return to the 2008 -2009 lows of around SPX 780. What are you expecting to happen to our economy for the market to fall this far? Don't get me wrong, I'm long SH with a cost basis of $29.52. My target is around $42. which equates to approx SPX 1880 - basically a round trip from the 2016 November levels.
CalCyclist
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What methodology did you use for projecting the target price, and what does it equate to for a SPX target?
supermanlantern
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How did you come up with 145 as a marker
MannarKaryampudi
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Anything changed for you to withdraw your recommendation?
krishw48
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@MannarKaryampudi, nothing changed and my bearish view on Dow still valid and you can accumilate SH more n more