That certainly what it 'feels' like. Oct/21 was the last 'good' month. May go I-fund as per some articles I've read. Time will tell.
Very weak market, and imo this move down isn't close to over, SPY will move straight down below 4,000 in the next week or two, then perhaps form a right shoulder 5-10% higher in the 4,400 range. After that will be a deeper plunge that will skin permabulls alive, all she wrote, correction territory (>20% down), and then some. G fund, and patience, for me, until this set up changes. Not expecting much of a year.
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That certainly what it 'feels' like. Oct/21 was the last 'good' month. May go I-fund as per some articles I've read. Time will tell.
Nothing to talk about. Markets north and south of key technical levels; seems to me overpriced with inflation, worker and chip shortages, lingering supply disruptions, effect of Covid on leisure and physical workplaces and associated businesses, and so on. I will continue to wait in G fund for a better buy point.
why the late day reversal, anyone? oh never mind...faked out again.
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Now what is Amoeba up to these days? Hope all is well
I'm still here, Harry. Good to hear from you.
that was on 6/14/22....I've gone sideways/down since...as well...been in maybe 5 days the last 3 months, lost a net 4% in those....would really like to finish the year down "only" 25%. Jeez Leweez!
Cratering sentiment. ^VIX entrenched above it's 20 EMA since mid-August, interest rate increases to battle inflation for which there is no end in sight. no FED/central bank safety net on this one...it will reach a natural bottom....I'm gonna say another 20% down, 3,000 SPY by next February.
Nobody really knows what NVDA will report, and how traders will react...I say down, no matter what. Release around 2 pm EDT.
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