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Post by sponge on Dec 25, 2018 9:12:48 GMT -8
Here are two interesting observations.
If you had invested at the high of 2012 and sold at my 135 target, you would have made 35% or 6% yearly return.
Now if you have invested at the lows of 2013 and sold at the high of this year, you would have made 323% or 46% yearly return.
I also noticed that we tend to correct close to the previous 3-4 year high. We corrected to 90 in 2016 which was close to high of 2012 so we should correct to 135 which was the high of 2015.
So this would indicate that in 2022 we could correct back to 233.
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