|First I'm a strong bull. I won't be selling core long positions until we hit numbers much much higher. Caveat is unknowns re a catastrophe. |
Saying that when I suggested the spx 1054 if I wanted to look into the crystal ball of despair I could actually see a 946.
However, whereas I didn't think spx 950 was possible way back when from a much lower milestone in the spx 1055 area, that would support that getting to 946 or 1000 or 1054 is HIGHLY unlikely for the 946 yet possible for the 1000/1054.
I can see that 1054 and 1000 and STILL be in a bullish mode. Why? The bell curve sector avg allows for it. Additionally point and figure charts using 3 box reversal and 18 value does support the 1054. I tend to consider the woosh in my work and that is how I can see that 1000. That 946 is just where the wonder ball would stop if there was an UGH or ah crap.