Price Mean Reverting Around 2024's Open. Buy Low Target 120,000
Price is oscillating around 2024's open price and is currently forming a bear flag to break down and start the pendulum swing on the other side of the open. This is where I will be looking to start scaling in my Long position for the next 15 years.
After it touches down there at 37,000 it will never come back. That will be the prime time to buy.
After it reaches price target of 150,000 in 2042, in order for it to reach 37,000 again, it must go through a 75% decline. The only time that has happened in the past was 1929 crash of 90% decline.
2024's Open Price and 2023's Closing Price are exactly the same
These will be my next three buys in 2024
Stops will be 800 ticks on the Dow
Targets will all be 120,000 price level
I will be building my position from now 2024 until about 2040
After it touches down there at 37,000 it will never come back. That will be the prime time to buy.
After it reaches price target of 150,000 in 2042, in order for it to reach 37,000 again, it must go through a 75% decline. The only time that has happened in the past was 1929 crash of 90% decline.
2024's Open Price and 2023's Closing Price are exactly the same
These will be my next three buys in 2024
Stops will be 800 ticks on the Dow
Targets will all be 120,000 price level
I will be building my position from now 2024 until about 2040
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