Wednesday 01/23

[huh]

I think markets are going to be rough this year, though indices may fair better than some individual names. Some specific downside targets I am seeing as very likely:

TWTR $14.70 (down ~54% from here)
NFLX $131.00 (down ~59% from here)
AAPL $121.00, at minimum (down ~21% from here)
BAC 15.60's (~46% down from here)

Overall I think S&P should see down to at least low 2100's this year.
(someday I'd still like to see S&P backtest the 1600's, but that's another trade for another time perhaps)

[walnut]

I can't decide what to make of it. By the time we get confirmation, it's too late to scoop up bargains. A bigger crash this fall would have been easier.

I have a friend who made a fortune just averaging into index funds over the last 15 years.

[walnut]

FWIW- Daily VXX chart. It is saying, we are not out of the woods yet. And look at that daily stochastic, poised to launch.

[huh]

I went short Friday morning, but if we see these downside targets hit quickly, as in March, then I'll consider playing long side again until perhaps October.

[lasvegas77]

where did Mist go? he's using posting here everyday.

[theMist]

Jan 23, 2019 15:22:13 GMT -5 lasvegas77 said:

where did Mist go? he's using posting here everyday.

Waiting for the BIG ONE