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FletaP

1,855 Posts.

3

23/03/20

15:37

Post #: 43650301
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Originally posted by voltaire: ↑

I have been trading markets for more than 40 years and this is certainly the wildest ride I have seen.

I have some thoughts though.

I barely survived 1987 BUT I noted that XAO rose about 5.2X the 1982 low into the 1987 top in 5+ years.

The subsequent drop was 0.618 of that bull market and also 0.5 of the high to zero.

SPX has risen about 5.1X the 2009 low into 2020 in 10+ years.

IF this drops to 0.618 of the 2009/20 bull market and 0.5 of the high the target is 1700.

Allow a few points and of course nothing is ever guaranteed.

Sounds like a worthwhile buy point though and place your stops.

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Hi Voltaire

Long time no hear. I'm looking somewhere between 3480 and 3580 for the XJO

XJO Value at posting: 4,589.9
9 Upvote

2 Great analysis

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