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Comment #1:
Yea markettimer777 was the earliest and most adamant on here about Mar ‘22 low call. Handful more have lined up around there too.
This is the 4th call of SPX 500-1000 I’ve seen as well. 1550 looking more probable.
Thanks for the insight!
Response #1:
ProfitHarvest, Yeah markettimer777 is one of the most vocal on the March 22 low. He is actually one of the few that I do read here regularly since I find his models interesting. His Model did hit the March 20 low, but uptrends seem to be not as exact.
When I first started talking about the 1000 target back in early Feb people did not believe it, and now they are all are jumping on the band wagon. I actually called a DJI low of 12000 which roughly translates to a 1000 SPX back in Nov 2018 .
1500 did cross my mind in my analysis, but it will probably be a mid point but not the final destination.
Comment #2:
"Think I'm wrong? That's ok. You can read my past 3 years of correct calls." That is awesome :) I love it. Thank you for this idea. Besides cash, do you have a preferred way to profit on the drop? I'm looking at volatility ETFs like UVXY, but interested in what others are doing.
Response #2:
davidismyname, There are several low risk investments you can look at to help preserve wealth without trying to time the market. These could be Short Term Treasury Bill Funds which will generate 2 - 3%, Also TIPS are another Low risk fund option. Banks also will offer Short term CDs in the 1 -2 % range if you have straight cash. Don't try to time the market to the bottom, since there will be plenty of FALSE BOTTOMS in the next 2 years.
Comment #1:
Yea markettimer777 was the earliest and most adamant on here about Mar ‘22 low call. Handful more have lined up around there too.
This is the 4th call of SPX 500-1000 I’ve seen as well. 1550 looking more probable.
Thanks for the insight!
Response #1:
ProfitHarvest, Yeah markettimer777 is one of the most vocal on the March 22 low. He is actually one of the few that I do read here regularly since I find his models interesting. His Model did hit the March 20 low, but uptrends seem to be not as exact.
When I first started talking about the 1000 target back in early Feb people did not believe it, and now they are all are jumping on the band wagon. I actually called a DJI low of 12000 which roughly translates to a 1000 SPX back in Nov 2018 .
1500 did cross my mind in my analysis, but it will probably be a mid point but not the final destination.
Comment #2:
"Think I'm wrong? That's ok. You can read my past 3 years of correct calls." That is awesome :) I love it. Thank you for this idea. Besides cash, do you have a preferred way to profit on the drop? I'm looking at volatility ETFs like UVXY, but interested in what others are doing.
Response #2:
davidismyname, There are several low risk investments you can look at to help preserve wealth without trying to time the market. These could be Short Term Treasury Bill Funds which will generate 2 - 3%, Also TIPS are another Low risk fund option. Banks also will offer Short term CDs in the 1 -2 % range if you have straight cash. Don't try to time the market to the bottom, since there will be plenty of FALSE BOTTOMS in the next 2 years.
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