It would be just like the market to go parabolic from here.

Discussion in 'Index Futures' started by pinetboltz, Sep 28, 2016.

  1. pinetboltz

    pinetboltz

    alright, i know this would seem 'contrarian' given that mainstream media / tv guests keep talking about valuations are high and therefore the market 'has' to go down, etc...

    but when everyone thinks it's the top, it's probably not the top

    who else thinks the market can go parabolic UP from here? maybe the accelerated price action from here is going to be the next curveball
     
  2. Parabolic in indices? That's low probability, slow grind up with bullshit pullbacks along the way or even range action sounds more plausible.
     
  3. Simples

    Simples

    I think it may just as well accelerate from these levels too. BTFD.. However who knows, could be wrong too. Could be next stage is BS grind or even nosedive. With this thinking you cant be wrong!
     
  4. comagnum

    comagnum

    "Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic." Paul Tudor Jones
     
  5. pinetboltz

    pinetboltz

    lol exactly...it brings the following chart to mind
     
    comagnum likes this.
  6. Elliott Wave forecasts an S&P 500 index of 2300....crazy as it seems.
     
  7. pinetboltz

    pinetboltz

    yep, after today's liftoff, this seems do-able