If Dec 2018 was the bottom of a Wave 2 and we’re at the start of a 3 of 3, 20,000-30,000 could be a NASDAQ high, and this could be trading heaven for a full decade or more…this is how bullish I am at the moment, and the market multiple typically peaks at 35X-45X the SPX P/E overall ratio…we’re at 18 at the moment and if it expands we could easily double or triple from here in a 3 of 3. Worst case is that this is a 5th wave, but the fundamentals of the market don’t call for it….during the 1999-2000 NASDAQ bubble we had a multiple of S&P PE as high as 40-45 and that was a pretty obvious top..with the 2007 top we had a HUGE housing bubble and commodities bubble with oil and gold and we are FAR from that at the moment. It’s simply not calling for a final top here whatsoever and we could bubble in a 3 of 3 for many years..which is fine by me. There’s no weird bubble to speak of in any market and the closest we came was the small marijuana stocks and they’ve already burst…now imagine mobile speeds light years ahead of current technology..yes 5G is going to increase the speed of everything including content downloading (10 seconds to download a full movie? Yes please)…that’s the back drop of a whole new bull market move in a 3 of 3…
If we’re starting a melt up 3 of 3 to insane highs in $SPX $COMPQ, this could be trading heaven. Here’s why.
I day trade up to 25-30 times a day..want to check out the live stream with all the trades? Hundreds of live micro blogs per day Go here. Click
About the Author: wavegenius
The secret of many top analysts and traders…(in fact mutual fund managers, hedge fund traders and even a couple seat owners of the NYSE are subscribers!) Wavegenius.com. Ted “Wavegenius” Aguhob since 2001 has profited on 80%-88% of his trades EVERY year since the inception of his blogs and websites..Ted has made and incredible amount of calls during this period including: Recent 19,500% gain in one month trading options, 1778% gain in 03-04 from swing trades, The 2009 bottom lows of S&P DOW and NASDAQ literally right on the number, the massive 3rd waves when SPX made it’s run from just over 1000 to 2900+ that we’re seeing now (these calls were written by Ernie Varitimos on articles on the FRONT PAGE of TheStreet.com, Yahoo Finance and MSN Money for a week), The exact all time low of Apple and Facebook and the huge move that followed on Youtube videos, and he’s had Top 20 Charts of stocks that 90%-100% of the time were accurate…at the time the calls were considered insane to most and hundreds of his charts have been like that..until they actually happened…as a result Ted with a tiny audience made almost $177,000 in 2013 as one of the top earning blogs in the country. His following is beyond fanatical, and has been hidden away for many years with many websites and competitors refusing to partner with him..mostly because he’d walk in there and take away many subscribers and traffic from them…