We will hit 1500 before we hit 1000

covered in the option B

 

I misinterpreted what your poll was about and did not interpret it liberally. I only considered 1500 and 1000. I thought yes meant we would go 1500 before 1000 and no meant we will go to 1000 before 1500. I saw only two choices. I did not read into a “no” selection that sideways was implied.

 

Since there is no time limit on this, even if it goes sideways for a while, it still has to hit one of the two first in the next 10 years...

 

All right I can begin to see where you are going with this. I took the question differently as ‘Do you see us going gung ho bullish and straight up to 1500’ or “Do you see the bear returning and were going straight down to 1000.’ This is what ‘hit’ 1500 or 1000 implied to me.

When you take out the time limit there is another option. If you asked me are we going to see both 1500 and 1000 in the next ten years my answer would “sure I can see both happening.” Then it would not matter which we hit first because I'm a trader not an investor.

 

even though there is no prespecified time limit in the poll, most will assume that 1500 or 1000 will happen much earlier than within 10 years. we moved 150 in about two months, so 1000 or 1500 are reasonably reachable within 1-2 years.

 

You can get to 2000 on the spx and watch it drop 50% within the next 1-2 years and be right back at 2009 lows in 2012-2013.

 

Pathetic bulls cant even get the spx to go positive for the day, how sad is that.

 

Ok everything is ready to move higher, all indexes in the green and ready for another close higher into the closing, reits very strong today and financials just turned green and headed for intraday highs, keep buying the overbought market and hold out because the manipulation is just getting started.....

 

Shortie and S2007S thanks so much for your comments. The 1 or 2 year time range or the intermediate term is in line with my planning going forward. During the past 20 years of my discretionary (30%) and automated (70%) swing and position trading I have learned to evaluate the markets and my trading at end of each quarter (which I’m doing now.) As part of this evaluation I force myself to do an in depth market assessment using analysis techniques I have honed over the years.

When I write this analysis in to my log I try to write this evaluation of all my swing trading and position trading from an intermediate term perspective. The 3 options I have written about in the past are up, down or sideways market trading. However, this is one of those few times of my years of analysis that I would not attempt to choose any of these directions as a future projection.

Don’t get me wrong my automated swing trading can handle all three directions. If the market goes up or down I’m prepared. Well if the market goes sideways I’m not quite as prepared. I have not traded my sideways or range bound strategies for some time.

So what I was after in this voting from the other traders is their intermediate term perspective on the markets. So until I figure out what to write in my log it is go with the flow onward and upward.