Sure hope we get some sort of a sustained rally going. Christmas is in 11 days...January will be here in a blink, and here we'll be sitting at 2800 - 3000......how does this effect our time capsul? Everybody talks about being out of market be around february.......if techs are still down, do folks still bail and run and hide til november? if we are still sitting here at 2800 - 3000 in late january, will the market start to see more downside as usual as we head into the spring/summer/fall swoon??? Obviously, the market follows certain trends, and I know if we were at say 4500 or so, more then likely we would see typical summer/october sell off, but what happens if we are still in a bottoming process..still around 3000 in february.....how does the market react at that point.
Anybody care to take a shot....I'm outta here til afternoon....hope I come back to a positive Naz, but am really beginning to wonder if the naz will ever get moving again......with the election over, naz already whacked to 2800, upcoming fed meeting, I am really surprised we went from 3000+ back to 2800, as opposed to going to the 3200 - 3300 range. I figured with the election actually over now, fed easing on the horizon, we would have easily stayed above 3000 and moved a little higher by now. Very suprised the market is acting so sickly....
Keith |
