swoopdog

swoopdog

Moving into the 5th of III with momentum after a very shallow wave 4. Moving with purpose and it looks like a great candidate for an extended 5th wave (as shown). If it does extend, I see it reaching 566. If it doesn't extend, I see a high in the range 540 to 550.

swoopdog

It looks like we will reach approx. 4,770 around Thanksgiving as we finish out wave III, after which we can expect to see a drop down to the 4,300 range (Wave IV). Then, in the 1st qtr of next year, we should see an all time high of circa 4,932 as the current B wave completes in wave V. Unfortunately, there is no way to go but down after this and I am predicting...

swoopdog

Third of Third moving in corrective ABC pattern which is pointing toward $43.

swoopdog

So far, ASC has been a reasonably good wave follower and now looks poised to finish what has been an impressive 3rd wave. Also Love the low P/E, improving liquidity, strong analyst support, dividends, and track record of beating estimates.

swoopdog

SMCI has had a great run. Despite Covid and despite the great 2022 sell-off, it has continued to climb. However, I now see it reaching the end of its third wave and sadly, I'm seeing a few years of decline. Such a great performer when all else was falling, I will miss it for the foreseeable future.

swoopdog

Either the oil companies will dump or oil will rise sharply such that Oil companies and Oil get back in sync. The divergence started in mid 2022 and has been quite perplexing and I don't have a good hypothesis as to why (war could have something to do with it). However, they have always sought each other out in the long run and while there is some chance...