I recognize that everyone wants the simple answers. I recognize everyone has the same question -- What will stocks do in a rising rate environment everything else equal?
Probably this site will get popular as people wonder if technical analysis can help answer that question. But by the time it can, most of the movement will be over.
Dam, I need to finish this later. I have a cat on me. Yeeee
Probably this site will get popular as people wonder if technical analysis can help answer that question. But by the time it can, most of the movement will be over.
Dam, I need to finish this later. I have a cat on me. Yeeee
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
But here are some lines that I believe many people are looking at -- everyone's hoping the markets can recover and pull off at least a mini santa claus rally -- even if that means only a small one in january based on speculators and oversold indicators.
Will bulls jump back in? That's the question directly in front of us -- based on a multitude of factors, this 2 day slump was technically justified but also overdone. But how many bulls can we pull in before everyone realizes this things on the way down? When will this movement end and the next one begin? Sometime. That's the only answer right now.
Either wait a few months or take a position and have an exit strategy. We are all speculating x y and z while everyone is wondering the correlation of just x and z. Why oh why....