My models say that the multi hourly time frames are in confirmed uptrends and the odds that the daily trend has reversed to upward have gone up so I have gone long. 24700 on YM. 700 point stop.
At least you are trading what you see according to your own strategy's rules, not some tip from a salesman.
Yes...all I know after 25 years as a trader is that generally the charts don't lie and that opinions are like arseholes....everyone has one!
3000 is laughable and idd a good joke but on the other hand I am extremely bullish too ... no targets though.
No risk to his making such a call. If you're bullish and wrong, everybody looks past it and all is forgiven*. But if you're bearish and wrong, your job/career is in jeopardy!! *Recall Joey "Bag-of-Donuts"? He said, "I'm bullish. I've always been bullish. I will always be bullish". He knew where his bread was buttered.
People are actually believing this 3000 call ... Anyway I hope it gets there in 5 weeks so I can back the truck up on short ETFs .. especially going long the VIX under 12!!!!!