I was not clear there, RJ.
The "trend reversal" I was talking about is what appears to be a LT UP that started prematurely. That will probably be confirmed if 5410 is broken this week.
So, the issue I have with my forecast is that the LT UP would have caught me by surprise, and we would not continue the dip to the 4100's
The "trend reversal" I was talking about is what appears to be a LT UP that started prematurely. That will probably be confirmed if 5410 is broken this week.
So, the issue I have with my forecast is that the LT UP would have caught me by surprise, and we would not continue the dip to the 4100's
Oh Wow! all the way to 5554 from 5410 levels. No major hurdles in between?(that is if we touch 5410 levels comfortably as you mentioned)
Also you mentioned "If the so-called correction turns out being a complete trend reversal, then there are issues with the forecasts" I thought that was your original premise, that this would lead to a reversal which will take us to 4400 and 4000 levels (correct me if i am wrong) Thanks much.
Also you mentioned "If the so-called correction turns out being a complete trend reversal, then there are issues with the forecasts" I thought that was your original premise, that this would lead to a reversal which will take us to 4400 and 4000 levels (correct me if i am wrong) Thanks much.