WB, Gizmo&Jack! Appreciate the compliment though the efforts of Stan & now Nokomis are certainly impressive to me.
Regarding your market sense, my current take is this:
Monday & half of Tuesday look okie-dokie, but INTC's report AH Tuesday (despite mostly being priced in), coupled with Wednesday morn's CPI makes for a down Wednesday.
And looking at who DIDN'T participate in Friday's rally suggests that Wednesday AH may be worse. In particular, the chief suspect is MSFT. But my instincts suggest another bloater adds fuel to the fire: BRCD.
So yeah, by Friday, I expect a retest of the bottom. Whether we stop at 3075 or go 100-200 pts lower is anyone's guess, but I don't think it's over yet.
I'd also temper your top prediction, as my tea leaves suggest a top between 3850-3975, so long as we retain a bottom of 2950 or better.
Your patience is a tool many - including I - should use more effectively.
Be sure to update us on your choices now, 'k? |
