whether we hit 300 or 450, that would be a dramatic selloff indeed.
You missed the point of what I said. A vague enough statement always hits the mark. We go down to $530? "Dramatic selloff confirmed". We go down to $300? "Definitely dramatic selloff". We bounce back from $550? "Kind of a dramatic selloff". (For the record, $530 seems a good candidate imo).
About the other point: I've said it often enough in this thread - masterluc has an amazing read on the market. I never dismiss his predictions thoughtlessly. I do however point out when they're not so much predictions but more 'vague, ominous sounding murmurs'.