Any guesses as to where the Nasdaq will bottom out for the intermediate-term? I've heard predictions as low as 1200.
Personally, I think there's a good chance the low today at 2288 (QQQ 54 1/4) may have been it for a while, or is pretty close to it, despite everyone on CNBC saying we're nowhere near a bottom. I think we're due for a bear market rally for a couple of months before a resumption of the downtrend. Am I crazy?
Please share your thoughts on why the Nasdaq is going lower near-term or why it's going to rally... |