Fred, part of what I deleted in that post to you last night was, the Nasdaq is doing a mirror image type action of last year, with the top in last Spring, and the bottom in this Spring. Then last summer, we ran up until Sept, and then cratered in the rest of the year. If we're bottoming now, we may run up until the end of the year. This is a big if.
I have read some talk of Nasdaq 2900, end of year, and that the last qtr. will be the best qtr for making money long.
Also, on Wed., CNBC had short fund guys on, talking about how they were moving away from tech, implying that they may have bottomed. And, when the media hypes short funds on national TV, you know we've got to be getting close.
And, you're right, almost all of SI is bearish, it's a sign, IMO.
And, these global market have to bottom sometime soon, they can't keep on going down.
Hopefully, the ECB will cut next week.
I think this could be a choppy move up, with many doubters, so I'll be buying dips.
Good luck. |
