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JLS

03/07/19 11:41 AM

#3634 RE: RCKS #3633

The Three Musketeers

Not exactly ... Snoot and I can't get along with each other. Not sure Pokersam still holds his target as it's pretty old and he hedged on it since stating it (over and over) -- so I'll guess he still supports that.

IF this bear market happens, I think Pokersam's original target is too pessimistic because it passes below a major support level at 2,100 which has two years of history in its formation (which is a major reason why I picked that as a bottom). Pokersam picked the lowest level in that two-year trading range. However, toward his defense, he picked that level well over a year ago (I'm pretty sure) and that would be more plausible then.

Snoot's level might work (and he is by far the best forker [double checked that spelling] I've ever monitored). But that level has very little history and, if this bear market happens, I think that level would produce a head-fake bottom -- a reasonable target for a correction but not for a bear market.