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XJO - Bear Posts only (Factors which might cause the markets to fall), page-17912

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ClarkKent

10,183 Posts.

122

02/10/24

23:12

Post #: 75952251
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Originally posted by ProfessorBen: ↑

I said it back in January (the proposed H&S), and I still strongly believe the bear camp will take XJO down to the thick back line (6400-ish). The structure is still very much in place imho, although it's been fighting that fate since August.

But in general, world problems tend to solve themselves. I mean that's how the world works. People of course love doomsday scenarios (WW3, nuclear destruction, etc.). But the reality is different sides create crisis to gain advantage, not to destroy themselves or the world.

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"I still strongly believe the bear camp will take XJO down to the thick back line (6400-ish)"

That was very unlucky.
XJO was trading 6900 at the time, and you predicted it was headed for 6400.
No more than a few minutes later, the markets did an about face and raced to 8200, posting multiple All-Time-Highs.
This deserves some kind of an award.

XJO Value at posting: 8,198.2
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