i would like to see it go back up like that, but i know that is not realistic, im still seeing us locked in a downward trendline, with the top of the trend at 2700, im looking for the seasonal bias to take us there next week, remember, the stock market is forward looking, and while it looks pretty bad right now, the question is "how deep is this valley", how much will a surprise rate cut do for the market vs a continued earning warnings? could the fed do a 1/2 point drop at the next meeting (if they dont do a surprise early cut which i see very possible)
2700 might be the time to go short again, i just think next week, there will be more money made on the long side, after that, who knows? are you saying we are going to get clobbered again next week? |
