Kudos to MMs

"Ask yourself: How does a man learn to get a 'nose' for something? And how can this nose be used?" - Ludwig Wittgenstein, "Philosophical Investigations"
 
u say nothing about timeframe. according to you the s&p is 100 points undervalued.

Do you imagine that you're that much smarter than everyone else?

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Some are saying this area, 1320 - 1325 SPX is technical resistance. At best minor, and should be ignored. The prize is 1342 ish - 1350. That is strong resistance. World stabilizes, and SPX cuts right through like a hot knife through butter.
 
I don't have time to post much anymore, so I post once in a while when I think that the market sentiment and the model have diverged.

The model is saying SPX is grossly undervalued, by an even wider margin than before (FV is way higher than the number given above in the previous post). I am hearing some talk about rising prices, and all sorts of other distractions. Those things are true, and they are not trivial to the consumer. But the factors in favor of rising stock prices in general are overwhelming to the point where those negative things act more like friction than real resistance.

I would not be surprised to see a surge to 1372 and beyond very soon (remember, FV is a week to month system, not a daily system). How do you buy? In byte sized chunks and hope for a retracement. If it goes higher, at least you had some on. If it goes lower, the size you have on should be humble, and then pyramid in on big selloffs.
 
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