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XJO - Bear Posts only (Factors which might cause the markets to fall), page-9761

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ProfessorBen

8,050 Posts.

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01/05/23

15:27

Post #: 67546765
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Originally posted by Ewebute: ↑

In relation to your expected mooning.. you highlight first sell off.

Now I believe we will have a push and we might be in the Blue dot area, but I do not consider that it will extend beyond what has been highlighted on the first graphic. Up for a little while, and then major reversal as it all starts to sink in.

The bulls might want to believe that we are going to go parabolic again. What is going to drive it to those levels? 5 US Shares then pushing the rest of the world up?

As highlighted by @bensh10, lets see how the Apple results come out. That will tell everyone which is the possible direction going forward.

Hopefully these are 'perceived' to be strong, as that will help me exit various long positions to the blinkered bulls

Expand

Yes, blue dot area is more like it. I think we will shortly have that right shoulder May/June major sell down. Then slowly climb back for Santa (Dec around 7K), making the year volatile but overall somewhat flat. Then a stronger bear market for the first half of 2024.

Last edited by ProfessorBen: 01/05/23

XJO Value at posting: 7,341.4
3 Upvote

1 Great analysis

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