Quote:
Originally Posted by lauries
XJO at 4950. 
That's a big call - you must have the super deluxe crystal ball. 
That would be a 28% drop from November high and a further 11% from here. We must be in a recession that nobody told me about. I am flat out knowing what I am going to eat for dinner let alone predicting such catastrophe for the market.
I thought that "Charts do NOT predict. Charts are telling you what is happening at the very moment. But, not to worry. Nobody knows what will happen in the future"
Just wondering, are you "hoping" the markets will drop that far. 
What is the term for "ramping" on the downside? Sloping, perhaps. |
Hahahaa.. No, I do not have a crystal ball (I traded it for a bottle of beer long time ago ).
My levels are calculated. Prediction has nothing to do with it.
Simply I can not afford to predict anything or hope.
Level 4950 may be hit (it does not mean that it will be hit).
You are right....nobody knows what will happen in the future.
If you think that market can not drop that far - open chart and check it out. Nothing is impossible in the market! 
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