I walk alone..Bill Seidman, frank, CNBC, Zeev, Joe Battataglia, all those individuals I consider great in our society, have taken the stance that this is going to be a soft landing and that the goodtimes will soon roll(they already are rolling)...Bill Seidman today said that the Fed will raise just one more time and that will be it, "just to make sure the demon is dead", I think he said...All indications are of a nice slowdown..Bill said that the slowdown would eventually cause inflation to slowdown as well, although initially it might still rise a bit...You might say at this point, TA has failed me..A friend I thought I could trust...Did I measure that neckline wrong? Should it have been measured at 4000 on the NASDAQ instead of 3800, as I read it?
Anyway, I will stick to my guns...Look for Nasdaq now to pull back to 3500 and fill that gap...As of November 1st if my target is not hit,(2900 and potentially 2600), I will say uncle.....
Regards, Mark
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