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I agree BB !!
Why is COOP supporting such a low PE when we all know there growth rate is discounted here.
Black Rock 17% ? Hmmm..., what could have they known years ago ?
Trust in Northam43 ;)
Exactly !
GLENO: I am very sorry to read about your loss. I can only imagine the pain you are going through. My best friend is my wife. I would be lost without her.
Please be assured I will keep you in my Prayers.
Take this market higher northam43 !
What's a little old Debt Ceiling Narrative to a seasoned Trader such as You ;))
Gotcha ;)
Hi northam43: Do you think the S&P could drop to 3800 by months end to backfill the chart ?
Im with you Northam ;)
Always appreciate your thoughts Northam43. Ive learned a great deal from you.
Thinking we have roughly 93 more S&P points to drop before we turn. T-93 and counting :)
Have my eye on SOXL here. These prices are solid entry points, imo. I expect we may get another chance at $8.50 area. Do not be greedy. Anything down here is a BUY.
Merry Christmas Everyone :)
Im truly sorry for your loss. My Prayers is all I can Offer. Pray for peace of mind.
Was always afraid Da Crooks would back test bottom supports. Sneaky .
Hopefully The Boys buy back next week what they sold this week. Fingers crossed.
Looking more like this market will bottom out next week. Chart is back filling the Nov. 7-14 lows. Buckle up ;)
What a difference a day make.
Then let the boys Rampo ;)
You should be telling us how you played the S&P Calls Options for Fridays Expiration otherwise you sound like a well trained parrot which I'm sure you are not.
Let's bottom out next week and then Rally into Years end !
What do you say ?
Have to say Northam, this market has shown tremendous resilience in the face of a December Tears for Fears. I certainly wouldn't want to bet against you.
Maybe a small bounce early tomorrow but I think the selling will resume in earnest. Charts are saying we will have another week of this mini bear raid. Bear spray anyone ?
Da Crooks really took advantage today Northam.
Be careful out there ;)
Naked Shorting is a different Beast entirely. Naked Shorting drives stocks to the moon when the available demand exceeds available supply in short time frames. Thee day Settlements gives Da Crooks time but the cost incurred is vast.
Can't be done in the United States! That is my contention. It would be against the SEC Laws governing US Stocks.
Companies can not issue Warrants without the Shares already being Authorized although not yet Outstanding. Not sure sure what you were trying to say here.
"We know for a fact that they need to authorize more shares, to cover warrants and options that have funded the company for quite some time and to meet other obligations."
Northam :
I think it to be very reasonable to expect the S&P to close above 4000 by years end. What I can not wrap my head around is your expectations for a possible doubling of the S&P in the 2023. Could it happen ? I suppose. I suppose a meteor can wipe out humanity in 2023 too but I am not anticipating such an event.
I very much respect your analysis and because of such have to respect your expectations.
I do think the S&P should trade over 6000-6500 in 2023. My Charts suggest such but Am cautious enough to expect the unexpected.
In your estimations what is the likelihood the S&P trades above 6,000 in 2023 ?
Hi Northam:
You said :
"If the 60 min Bull Cycles continue to average 108 (I expect the Bull Cycle average to increase next year) next year which is a potential of 13,716 points and if the Bear Cycles drop to an average of 50 per cycle which will be a decline of 6350 points = 7366 point gain + 4000 (If the SPX closes at that level this year) = 11, 366.00 which would easily exceed the Q-SC-2 projected high of 7850."
So has not to confuse my already cloudy mind can you elaborate on this further. Am I to understand you can potentially see a SPX high of 11,366, or is it 7850, by the end of 2023 should the stars align ? I am confused.
Thank you Northam.
May Almighty God always show you and your family his Mercy and Love.
That is all we should Pray for.
Support ? That my man is one Short sighted view. No pun intended. There are roughly 100 S&P points that would argue against that .
Da Boys are just lurking around the corner waiting to back fill at lower levels. Its coming ;)
Northam : So many Questions and so few Answers. Tssssssk..., what's a Fella to do these days ;)
Party like its 1999 :)
btw: Scenario # 1: Not what I see.
Time will tell. Im only a mere pawn in this game.
A Market Melt up into 2023, which I expect we will get, will destroy UVXY. The time to Buy that is at the Market top which I suspect we will get by May 2023.
Probably by 4th Quarter 2023 or 1st Quarter 2024.
But before that VIX will likely tag 12.
Interesting convergence on the 15 Min. VIX chart from yesterday's mid day S&P Plunge. Lol... these guys must think no one is watching.
A big BooBoo:
"There are those who trade on technicals and those who trade on hype. You are the latter as well myself."
Meant to say: There are those who trade on Hype and those who trade on Technicals. You are the latter.
Im getting old.
Northam: I would not pretend to trade as well as you. Your Technical depths far exceed my own. Your program is unique and likely maybe even proprietary. Therefore, I would not be surprised should your predictions take fruit.
Everyone has to pick their price point entries. We can share our thoughts but in the end we are the ones pulling the trigger on trades. Much of what is said here and there, and by know means am I suggesting this about you, is by design to feign others into perceived narrative. There are those who trade on technicals and those who trade on hype. You are the latter as well myself. Having been in this insane game for over 30 years has not left me waiting for opportunities. Opportunities are everywhere on Wall St but pulling the trigger is where the rubber meats the road.
Always enjoy reading your commentary, Sir.
Enjoy your day :)
Best start thinking about talking some more chips off the table. This market will reset lower soon enough ;)
Projections of SPX 6000-6500 would be my most extreme top for 2023 and that takes quite an imagination :)