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Chris Ciovacco
Today's close increases odds of price moving toward point A/downward-sloping trend line. The (a) (b) (c) list below includes a V-bottom case, allowing us to better understand all possible outcomes. More detail in FRI video.
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DM Jan 10
Replying to @CiovaccoCapital
2650 would be nice.
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Antonio Ferrao Jan 10
Replying to @CiovaccoCapital
This market looks horrible both technically and realistically. This is a case where main st and wall st are converging. Scarsdale multi million dollar new homes with $60K in taxes are not moving! Why? Trump SALT cap @ $10K & cap on writable interest @ $500,000K killing market
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Antonio Ferrao Jan 10
You will get 2650! And then what? When technicals, fundamentals, and main st are all on the down swing what can you really expect? We have a very “stable genius” at the helm so maybe that will inspire some confidence! Yikes!
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Chris Ciovacco Jan 10
It is helpful to manage expectations and emotions... it is not meant to have a bullish or bearish slant longer-term. Just a simple comment about short-term odds.
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Steve-O Jan 10
Dow 30-35,000 here we come
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Antonio Ferrao Jan 10
This year? V-shaped bottom? Just straight to the moon from here? No more rate increases and China deal? Is that how you get there? Earnings and valuations become irrelevant?
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