Got it. Thanks Randy…

Approximate time to T1 would range from 1 week to 6 weeks with T2 ranging from 3 weeks to 3-4 months. However, I need to say that while the charts indicate to me that is where BRKB is headed (whether that proves right or wrong), guestimating WHEN a trade will get to my price target(s), especially on the longer-term trades based off the weekly chart like this one, is much harder than predicting where the stock is headed.

I often say to members when asked about trading options that it is hard enough to predict where a stock, commodity, the market, etc.. is headed but it brings in a whole other degree of difficulty when not only trying to predict where the security is headed but also WHEN it will get there. Hence, my preference for trading stocks, ETFs & futures vs. options as with options, you not only have to nail where the stock is headed but also when it will get there.

If you are surprised by my 1-week minimum time frame for BRKB to drop ~17%, just pull the charts of just about any index or stock during previous bear markets, including BRKB, & glance at the scope & intensity of the drop following the initial bear market rallies. The one thing giving me pause on such a quick drop is the fact that this is only week 3 of the initial bear market rally, hence the range of 1 – 6 weeks, plus we have the Fed doing everything in their power to prop the market up right now, even much more than they were doing back around this time in the cycle back in 2008.