Rather than my plethora of stunning calls such as a a year ago calling a target of 3600 from just shy of the top…
My frenemies here like to point to my ‘4150’ call
What I said after the June lows was that there would be a move to 4300 (to meet the now infamous downtrend), a pullback which would not exceed 4150 and then a pop above the downtrend
All I was expecting was a ‘pop’ ie a false break out and then resumption of the downtrend- to low 2k levels
What the aforementioned Neanderthals fail to comprehend: is that 4150 has been vindicated. Yes my predicted price path failed. But that failure to get above the downtrend: a subsequent divergent low; and the fact that once again we are back at that level and have spent three weeks trying to break it…
Is proof that 4150 is the key to what happens next.
We now have momentum turning up in an UPTREND not a downtrend; and it is only a matter of time as to when 4150 breaks on a monthly close.
Once we get above my level on long timeframe closes… it will confirm the bear market is over
What bears fail to realise is that if 4150 had held after 4300 on the way down- it would merely have been fuel for a big bulltrap
But now the tables have turned
Bears are being trapped
And above 4150 is…
BEARMAGEDDON
My frenemies here like to point to my ‘4150’ call
What I said after the June lows was that there would be a move to 4300 (to meet the now infamous downtrend), a pullback which would not exceed 4150 and then a pop above the downtrend
All I was expecting was a ‘pop’ ie a false break out and then resumption of the downtrend- to low 2k levels
What the aforementioned Neanderthals fail to comprehend: is that 4150 has been vindicated. Yes my predicted price path failed. But that failure to get above the downtrend: a subsequent divergent low; and the fact that once again we are back at that level and have spent three weeks trying to break it…
Is proof that 4150 is the key to what happens next.
We now have momentum turning up in an UPTREND not a downtrend; and it is only a matter of time as to when 4150 breaks on a monthly close.
Once we get above my level on long timeframe closes… it will confirm the bear market is over
What bears fail to realise is that if 4150 had held after 4300 on the way down- it would merely have been fuel for a big bulltrap
But now the tables have turned
Bears are being trapped
And above 4150 is…
BEARMAGEDDON
NOT TARDING ADVICE